The ten African nations with the smallest rates of unemployment in 2024
In Africa, unemployment is still a major issue. These are not abstract figures; these are actual individuals with actual problems in their lives.
Ten of the African nations with the lowest unemployment rates are highlighted by Business Insider Africa.
With a 0.49% unemployment rate, Niger tops the list.
Statista is the source of the list.
Business Insider Africa said in a previous piece that while African governments have launched some programs to address the problem, their influence has been limited due to the continent’s rapidly growing inhabitants. Because of how serious the issue is, African leaders last year in Dar es Salaam adopted a seven-point proclamation to address unemployment.
Across the continent, the issue of unemployment is affecting both large and small nations. As an illustration, South Africa has the highest unemployment rate on the continent, with a documented rate of 32.1%. Following closely behind are Djibouti and Eswatini, where jobless rates hover around 28% and 25%, respectively.
While unemployment is still a problem in most nations, some have made significant progress in reducing it, according to Statistics
The upward trend in certain nations can be ascribed to several things, such as the introduction of new opportunities, increasing investments in important industries, and monetary policy changes.
Several African nations benefit economically from low unemployment rates in many ways that are felt throughout their economies. More individuals with jobs mean more money is spent, sense an increase in consumer trust, and spur a demand for products and services. Consequently, this fosters economic expansion.
Niger has the lowest rate of joblessness, according to Statista, at 0.49%. Chad and Benin are next closest, with 0.98% and 1.28%, respectively.
The ten African nations with the lowest unemployment rates in 2024 are listed below:
Rate of unemployment by country
1 Niger 0.49%
Burundi 2 0.98%
3 Chad 1.28 percent
4 Benin 1.58 percent
5 Madagascar 2.07%
6 Côte d’Ivoire 2.61 percent
7 Tanzania 2.92%
8 Mali 2.94%
9 Senegal 3.34%
10 Liberia 3.56%
