Unemployed people as a share of the labour force, annual average from household surveys harmonised by ECLAC.
Mexico
2.7%
2024· 2nd of 14· −0.1 pp vs. previous figure
Regional comparison
Mexico
2.7%
2024 · 2nd of 14 · −0.1 pp
annual average rate (ECLAC)
Includes only observations that pass this series’ declared semantic review.
Over time
Pick the countries to compare; the chart, the CSV and the share link follow your selection.
All countries
Rank 1 is the lowest value among countries with a recent figure. Change compares with the same country’s previous observation.
| # | Country | Unemployment | Year | Change | Trend |
|---|---|---|---|---|---|
| 1 | Guatemala | 1.7% | 2024 | — | |
| 2 | Mexico | 2.7% | 2024 | −0.1 pp | |
| 3 | Bolivia | 2.7% | 2024 | −0.2 pp | |
| 4 | Nicaragua | 3.1% | 2024 | −0.3 pp | |
| 5 | Ecuador | 3.5% | 2024 | +0.1 pp | |
| 6 | El Salvador | 4.5% | 2024 | −0.7 pp | |
| 7 | Dominican Republic | 5.1% | 2024 | −0.2 pp | |
| 8 | Honduras | 5.2% | 2024 | −2.2 pp | |
| 9 | Paraguay | 5.8% | 2024 | −0.1 pp | |
| 10 | Peru | 6.1% | 2024 | +0.7 pp | |
| 11 | Costa Rica | 7.5% | 2024 | −1.4 pp | |
| 12 | Panama | 7.8% | 2024 | +2 pp | |
| 13 | Uruguay | 8.2% | 2024 | −0.1 pp | |
| 14 | Colombia | 10.2% | 2024 | — |
Findings
According to the ECLAC annual average rate series, the country went from 16.4% in 2021 to 7.5% in 2024. It ranks 4th out of 14 analysed countries in 2024, followed by Colombia with a 3.6 pp reduction.
According to the ECLAC annual average rate series, Paraguay recorded 5.8% in 2024 against a regional median of 5.2%, ranking 6 of 14 countries. The figure reflects a −0.1 pp change compared to the 5.9% observed in 2023.
According to ECLAC data, Nicaragua recorded 3.1% in 2024 compared to a regional median of 5.2%, ranking 11th out of 14 reporting countries. The figure represents a change of −0.3 pp from 3.4% in 2023.
According to the ECLAC annual average rate series, no value fell below 5.1% across the 15 years recorded since 2010. The figure represents a −0.2 pp change compared with 5.3% in 2023.
According to the ECLAC annual average rate series, no year between 2010 and 2024 fell below 7.5%. Compared to the 8.9% recorded in 2023, the decrease was 1.4 percentage points.
Source and citation
CEPALSTAT (ECLAC), via the VerDat PIDA normalized layer.
CEPALSTAT (ECLAC), “Unemployment”, retrieved from VerDat PIDA (OEI) on Oct 9, 2026.
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