World's top 5 countries with highest unemployment rates are all in Europe

World's top 5 countries with highest unemployment rates are all in Europe

Greece has been making headlines with the recent global financial crisis. It is the country with the highest unemployment rate in 2015 and will continue to be so in 2016. So who are the top 5 countries with the highest unemployment rates?

World's top 5 countries with highest unemployment rates are all in Europe

1- GREECE

According to OECD Employment Data 2015, Greece's unemployment rate will be 25.4% in 2015 and 24.2% in 2016.

World's top 5 countries with highest unemployment rates are all in Europe

2- SPAIN
In the final quarter of this year Spain's unemployment rate stands at 21.5, it is being estimated that in the same period next year the unemployment rate of the country will be 19.7%.

World's top 5 countries with highest unemployment rates are all in Europe

3- PORTUGAL
Portugal's unemployment rate is currently 13% and is expected to be around the same next year in the same period at 12.3%

World's top 5 countries with highest unemployment rates are all in Europe

4- ITALY
Italy's unemployment rate stands at 12.4% in the final quarter of 2015 and is estimated to be 11.9% in the same period next year.

World's top 5 countries with highest unemployment rates are all in Europe

5- SLOVAKIA
The unemployment rate in Slovakia is 12.3 % in the final quarter of 2015. It is estimated to be 11% in the same period of next year.

World's top 5 countries with highest unemployment rates are all in Europe

On the contrary, Japan has the lowest unemployment in the world with 3.5% in the final quarter of 2015 while it is expected to drop even further next year to 3.3%.

World's top 5 countries with highest unemployment rates are all in Europe

South Korea has the second lowest unemployment rate with 3.6% in the final quarter of 2015 and is expected to be 3.4% in the same period next year.