Unemployment rate young vs older adults in Macao
Macao: Unemployment rate young vs older adults was 6.69 in 2024. ▼ Falling
Latest (2024)
6.69
Change on year
up 2.1%
World rank
147th
of 188 countries
All-time high
11.81
in 2003
All-time low
3.22
in 1993
Years of data
34
1991–2024
Unemployment rate young vs older adults in Macao, 1991–2024
Source: Our World in Data.
Analysis
In 2024, unemployment rate young vs older adults in Macao stood at 6.69.
That represents a change of up 2.1% on the previous year and up 72.2% over ten years.
Over the whole period, unemployment rate young vs older adults in Macao peaked at 11.81 in 2003 and was at its lowest, 3.22, in 1993.
Macao ranks 147th of 188 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 34 years of available data.
Unemployment rate young vs older adults in Macao, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 4.54 | — |
| 1992 | 3.4 | -25.1% |
| 1993 | 3.22 | -5.1% |
| 1994 | 3.88 | +20.4% |
| 1995 | 5.66 | +45.8% |
| 1996 | 6.68 | +18.1% |
| 1997 | 7.15 | +7.1% |
| 1998 | 9.14 | +27.7% |
| 1999 | 11.7 | +28.1% |
| 2000 | 10.9 | -6.8% |
| 2001 | 9.87 | -9.5% |
| 2002 | 10.84 | +9.9% |
| 2003 | 11.81 | +8.9% |
| 2004 | 10.49 | -11.2% |
| 2005 | 8.26 | -21.2% |
| 2006 | 7.16 | -13.3% |
| 2007 | 6.5 | -9.2% |
| 2008 | 5.9 | -9.3% |
| 2009 | 7.54 | +27.8% |
| 2010 | 5.42 | -28.2% |
| 2011 | 5.75 | +6.2% |
| 2012 | 5.48 | -4.8% |
| 2013 | 4.13 | -24.7% |
| 2014 | 3.89 | -5.9% |
| 2015 | 4.34 | +11.6% |
| 2016 | 4.98 | +14.8% |
| 2017 | 5.1 | +2.4% |
| 2018 | 5.05 | -0.9% |
| 2019 | 4.94 | -2.3% |
| 2020 | 7.59 | +53.8% |
| 2021 | 6.39 | -15.8% |
| 2022 | 6.95 | +8.7% |
| 2023 | 6.56 | -5.6% |
| 2024 | 6.69 | +2.1% |
Macao compared with similar countries
- Macao's 6.69 is below the median for high income countries, which is 13.4, 50% of the median. (62 countries reporting)
- Macao's 6.69 is below the median for East Asia & Pacific, which is 9.41, 71% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.15 | 3.22 | 11.7 | 9 |
| 2000s | 8.93 | 5.9 | 11.81 | 10 |
| 2010s | 4.91 | 3.89 | 5.75 | 10 |
| 2020s | 6.84 | 6.39 | 7.59 | 5 |
Countries ranked near Macao
More work & labour data for Macao
- Persons outside the labour force (ILO modelled estimates) 208.94 (2027)
- Labour force participation rate (ILO modelled estimates) 66.82 (2027)
- Labour force (ILO modelled estimates) 420.81 (2027)
- Unemployment rate (ILO modelled estimates) 2.74 (2027)
- Labour dependency ratio 0.769 (2027)
- Output per worker, GDP constant 2021 international $ at PPP 206,074 (2027)
- Output per worker, GDP constant 2015 US $ 117,019 (2027)
- Employment-to-population ratio (ILO modelled estimates) 64.99 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 2.38 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate -0.2761 % change on previous year (2027)
Frequently asked questions
- What is unemployment rate young vs older adults in Macao?
- Unemployment rate young vs older adults in Macao was 6.69 in 2024, according to Our World in Data.
- What is the highest unemployment rate young vs older adults recorded in Macao?
- The highest recorded value was 11.81 in 2003.
- What is the lowest unemployment rate young vs older adults recorded in Macao?
- The lowest recorded value was 3.22 in 1993.
- How does Macao rank for unemployment rate young vs older adults?
- Macao ranks 147th out of 188 countries with data for 2024.
- Is unemployment rate young vs older adults rising or falling in Macao?
- Over the last ten years it is up 72.2%. The long-run trend across the full record is falling.
- Where does this Macao data come from?
- The figures come from Our World in Data, published as part of Unemployment rate young vs older adults. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 observations, free to reuse under CC BY 4.0 (Our World in Data).