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Canada NAIRU: Equilibrium Unemployment Rate

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Index description

The equilibrium unemployment rate (code NAIRU) is estimated using a Kalman filter in a Phillips curve framework which assumes inflation expectations are anchored at the central bank’s inflation target . The NAIRU is then projected forward from the last estimated period using a simple autoregressive rule, exceptionally modified to account for recent labour market reforms, until the end of the forecasting horizon

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Subgroup indices

Index Current value Date
Afghanistan Unemployment rate 13.4 % 31/12/2025
Algeria Unemployment rate 11.6 % 31/12/2025
Azerbaijan Unemployment rate 5.5 % 31/12/2025
Bahamas Unemployment rate 9.2 % 31/12/2025
Bahrain Unemployment rate 6.3 % 31/12/2024
Bangladesh Unemployment rate 3.8 % 31/12/2025
Belarus Unemployment rate 3.4 % 31/12/2025
Belize Unemployment rate 2 % 31/12/2025
Benin Unemployment rate 1.6 % 31/12/2025
Botswana Unemployment rate 24.5 % 31/12/2025
Brunei Unemployment rate 5.3 % 31/12/2025
Burkina Faso Unemployment rate 3.5 % 31/12/2025
Burundi Unemployment rate 0.9 % 31/12/2025
Cambodia Unemployment rate 0.3 % 31/12/2025
Cameroon Unemployment rate 3.6 % 31/12/2025
Canada NAIRU: Equilibrium Unemployment Rate 6.243 % 31/12/2022
Cape Verde Unemployment rate 11.9 % 31/12/2025
Cayman Islands Unemployment rate 2.6 % 31/12/2025
Central African Republic Unemployment rate 6.3 % 31/12/2025
Chad Unemployment rate 1.1 % 31/12/2025
Comoros Unemployment rate 3.8 % 31/12/2025
Cuba Unemployment rate 1.7 % 31/12/2025
Democratic Republic of the Congo Unemployment rate 4.43 % 31/12/2025
East Timor Unemployment rate 1.6 % 31/12/2025
El Salvador Unemployment rate 4.7 % 31/12/2025
Equatorial Guinea Unemployment rate 8.3 % 31/12/2025
Eritrea Unemployment rate 6 % 31/12/2025
Eswatini Unemployment rate 34.2 % 31/12/2025
Ethiopia Unemployment rate 3.3 % 31/12/2025
Fiji Unemployment rate 5.3 % 31/12/2025
Gabon Unemployment rate 20.2 % 31/12/2025
Gambia Unemployment rate 6.5 % 31/12/2025
Ghana Unemployment rate 3 % 31/12/2025
Guinea Bissau Unemployment rate 2.7 % 31/12/2025
Guinea Unemployment rate 5.2 % 31/12/2025
Guyana Unemployment rate 11.9 % 31/12/2025
Haiti Unemployment rate 14.9 % 31/12/2025
Honduras Unemployment rate 4.9 % 31/12/2025
Iraq Unemployment rate 15.5 % 31/12/2025
Ivory Coast Unemployment rate 2.3 % 31/12/2025
Kenya Unemployment rate 5.4 % 31/12/2025
Kosovo Unemployment rate 10.8 % 31/12/2024
Kuwait Unemployment rate 2.2 % 31/12/2025
Laos Unemployment rate 1.2 % 31/12/2025
Lebanon Unemployment rate 11 % 31/12/2023
Lesotho Unemployment rate 16.3 % 31/12/2025
Liberia Unemployment rate 2.9 % 31/12/2025
Libya Unemployment rate 18.8 % 31/12/2025
Liechtenstein Unemployment rate 2 % 31/12/2025
Madagascar Unemployment rate 3 % 31/12/2025
Malawi Unemployment rate 5.1 % 31/12/2025
Maldives Unemployment rate 4.5 % 31/12/2025
Mali Unemployment rate 2.8 % 31/12/2025
Mauritania Unemployment rate 10.3 % 31/12/2025
Mozambique Unemployment rate 3.39 % 31/12/2020
Myanmar Unemployment rate 3 % 31/12/2025
Namibia Unemployment rate 19.3 % 31/12/2025
Nepal Unemployment rate 10.5 % 31/12/2025
New Caledonia Unemployment rate 11.2 % 31/12/2025
Niger Unemployment rate 0.4 % 31/12/2025
North Korea Unemployment rate 3.5 % 31/12/2025
Oman Unemployment rate 3.3 % 31/12/2025
Pakistan Unemployment rate 5.4 % 31/12/2025
Panama Unemployment rate 10.4 % 31/12/2025
Papua New Guinea Unemployment rate 2.6 % 31/12/2025
Republic of the Congo Unemployment rate 19.8 % 31/12/2024
Saint Lucia Unemployment rate 9.45 % 31/12/2025
Saint Vincent and the Grenadines Unemployment rate 18 % 31/12/2025
Sao Tome and Principe Unemployment rate 9.1 % 31/12/2025
Sierra Leone Unemployment rate 3.2 % 31/12/2025
Solomon Islands Unemployment rate 1.43 % 31/12/2025
Sudan Unemployment rate 20.8 % 31/12/2023
Suriname Unemployment rate 7.8 % 31/12/2025
Syria Unemployment rate 13.6 % 31/12/2025
Tajikistan Unemployment rate 6.9 % 31/12/2025
Tanzania Unemployment rate 6.2 % 31/12/2024
Togo Unemployment rate 2 % 31/12/2025
Turkmenistan Unemployment rate 4.3 % 31/12/2024
Uganda Unemployment rate 2.7 % 31/12/2025
United Arab Emirates Unemployment rate 2.17 % 31/12/2025
Uzbekistan Unemployment rate 4.5 % 31/12/2024
Yemen Unemployment rate 17.3 % 31/12/2025
Zambia Unemployment rate 12.9 % 31/12/2024
Zimbabwe Unemployment rate 9.3 % 31/12/2025
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