10 Countries with the Lowest Unemployment Rates in the World

In this article, we will look at the 10 countries with the lowest unemployment rates in the world. We have also covered interesting insights about the economies of these countries along with their business climate for multinational companies in another article. If you are interested in reading about that along with a more extensive list, head straight to 25 Countries with the Lowest Unemployment Rates in the World.

10. Solomon Islands

Unemployment Rate: 1.5%

In the Solomon Islands, over 75% of the workforce relies on subsistence farming and fishing. The low unemployment rate can be attributed to the presence of traditional livelihoods, as well as limited industrialization and employment opportunities in other sectors like agriculture, palm oil production, and gold mining. The GDP of the Soloman Islands in 2021 was $1.55 billion.