10 Countries with the Lowest Unemployment Rates in the World

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9. Myanmar

Unemployment Rate: 1.5%

Myanmar, despite having one of the world’s lowest unemployment rates, confronts daunting labor market challenges. The employment-to-population ratio plummeted to 54.5% in 2022 which is a decrease of 8.2 percentage points from 2017. Labor productivity witnessed an 8% decline in 2021, followed by an additional 2% loss in the first half of 2022. The GDP of Myanmar in 2021 was $65.16 billion.

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