Unemployment is a condition where one is able to work but hasn’t been able to find a job for himself. This is one of the most serious problems faced by certain nations today as it not only decreased the total productivity of a country or a region but also gives rise to individual problems.
Unemployment rate is the number of the unemployed workers over the total civilian labour force. By calculating this rate for an entire country, the top 10 countries with lowest unemployment rate can be found.
Do you think it is possible for a country to have 0% unemployment rate? Well the answer is yes. Monaco and North Korea are two countries with 0% unemployment rate. Qatar is another country which has a really low unemployment rate for a population of 1903447.
Thailand and Belarus are the two other countries which have an unemployment rate of less than 1%! Another country which has employed most of its workers is Tonga followed by Guernsey in UK which has only 1.5% unemployed workers living in it. Kuwait too has 1.5% workers left to employ and rest all the people willing to work have jobs. Liechtenstein and Cuba are two other nations which the lowest unemployment rate in the world.