Unemployment rate,Percent in Lower middle income
Lower middle income: Unemployment rate,Percent was 5.4% in 2024. ▼ Falling
Latest (2024)
5.4%
Change on year
down 2.8%
Rank
7th
of 9 groups
All-time high
8.8%
in 2004
All-time low
5.4%
in 2024
Years of data
18
2004–2024
Unemployment rate,Percent in Lower middle income, 2004–2024
Source: World Bank.
Analysis
In 2024, unemployment rate,percent in Lower middle income stood at 5.4%. That is the lowest value across all 18 years on record.
Compared with earlier readings it is down 2.8% on the previous year and down 22.7% over ten years.
Over the whole period, unemployment rate,percent in Lower middle income peaked at 8.8% in 2004 and was at its lowest, 5.4%, in 2024.
The long-run direction has been consistently falling across the 18 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.3% | 6.2% | 8.8% | 6 |
| 2010s | 6.7% | 6.1% | 7.2% | 8 |
| 2020s | 5.9% | 5.4% | 6.8% | 4 |
Countries ranked near Lower middle income
More reference data data for Lower middle income
- Exchange rate, new LCU per USD extended backward, period average 6,782 (2021)
- CPI Price, nominal 469.5 (2026)
- CPI Price, nominal, seas. adj. 475.87 (2026)
- School age population, one year before than official primary entry age 59.49 million number (2019)
- School age population, one year before than official primary entry age 28.75 million number (2019)
- School age population, one year before than official primary entry age 30.74 million number (2019)
- School life expectancy, primary, both sexes 5.41 years (2019)
- School life expectancy, primary, male 5.44 years (2019)
- School life expectancy, primary, female 5.37 years (2019)
- Share of all students in secondary education enrolled in general progr 95.5% (2019)
Frequently asked questions
- What is unemployment rate,percent in Lower middle income?
- Unemployment rate,percent in Lower middle income was 5.4% in 2024, according to the World Bank.
- What is the highest unemployment rate,percent recorded in Lower middle income?
- The highest recorded value was 8.8% in 2004.
- What is the lowest unemployment rate,percent recorded in Lower middle income?
- The lowest recorded value was 5.4% in 2024.
- How does Lower middle income rank for unemployment rate,percent?
- Lower middle income ranks 7th out of 9 groups with data for 2024.
- Is unemployment rate,percent rising or falling in Lower middle income?
- Over the last ten years it is down 22.7%. The long-run trend across the full record is falling.
- Where does this Lower middle income data come from?
- The figures come from the World Bank, published as part of Unemployment rate,Percent,,,. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 observations, free to reuse under CC BY 4.0 (World Bank Open Data).