Unemployment rates: modeled vs. national estimates in Vietnam

Vietnam: Unemployment rates: modeled vs. national estimates was 1.5% in 2024. ▼ Falling

Latest (2024)
1.5%
Change on year
down 7.1%
World rank
174th
of 185 countries
All-time high
2.9%
in 1997
All-time low
1.0%
in 2011
Years of data
26
1996–2024

Unemployment rates: modeled vs. national estimates in Vietnam, 1996–2024

11.522.531996201020241996: 1.9 %1997: 2.9 %1998: 2.3 %1999: 2.3 %2000: 2.3 %2001: 2.8 %2002: 2.1 %2003: 2.3 %2004: 2.1 %2007: 2 %2009: 1.7 %2010: 1.1 %2011: 0.999 %2012: 1 %2013: 1.3 %2014: 1.3 %2015: 1.8 %2016: 1.8 %2017: 1.9 %2018: 1.2 %2019: 1.7 %2020: 2.1 %2021: 2.4 %2022: 1.6 %2023: 1.6 %2024: 1.5 %

Source: Labour Force Statistics, via World Bank (2026) – processed by Our World in Data. Measured in %.

Analysis

Vietnam recorded 1.5% for unemployment rates: modeled vs. national estimates in 2024.

The figure is down 7.1% on the previous year and up 21.7% over ten years.

Over the whole period, unemployment rates: modeled vs. national estimates in Vietnam peaked at 2.9% in 1997 and was at its lowest, 1.0%, in 2011.

That places Vietnam 174th out of 185 countries with data for 2024, putting it in the bottom quarter.

The long-run direction has been consistently falling across the 26 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 2.4% 1.9% 2.9% 4
2000s 2.2% 1.7% 2.8% 7
2010s 1.4% 1.0% 1.9% 10
2020s 1.8% 1.5% 2.4% 5

Countries ranked near Vietnam

  1. 171 Benin 1.7% compare
  2. 172 Tonga 1.7% compare
  3. 173 East Timor 1.5% compare
  4. 175 Myanmar 1.5% compare
  5. 176 Vanuatu 1.4% compare
  6. 177 Moldova 1.3% compare

See the full ranking of 185 places →

More reference data data for Vietnam

All data for Vietnam →

Frequently asked questions

What is unemployment rates: modeled vs. national estimates in Vietnam?
Unemployment rates: modeled vs. national estimates in Vietnam was 1.5% in 2024, according to Labour Force Statistics, via World Bank (2026) – processed by Our World in Data.
What is the highest unemployment rates: modeled vs. national estimates recorded in Vietnam?
The highest recorded value was 2.9% in 1997.
What is the lowest unemployment rates: modeled vs. national estimates recorded in Vietnam?
The lowest recorded value was 1.0% in 2011.
How does Vietnam rank for unemployment rates: modeled vs. national estimates?
Vietnam ranks 174th out of 185 countries with data for 2024.
Is unemployment rates: modeled vs. national estimates rising or falling in Vietnam?
Over the last ten years it is up 21.7%. The long-run trend across the full record is falling.
Where does this Vietnam data come from?
The figures come from Labour Force Statistics, via World Bank (2026) – processed by Our World in Data, published as part of Unemployment rates: modeled vs. national estimates. Statizoid updates them automatically from the source API.

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About this data

Indicator
Unemployment rates: modeled vs. national estimates
Unit
%
Source
Labour Force Statistics, via World Bank (2026) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
185 places, 5,169 data points, 1960–2025
Last refreshed

Share of the labor force without work, but actively looking for a job and available to start soon. Figures refer to national estimates and may not be fully comparable across countries.