Countries with the Highest Unemployment Rate

#22. Saudi Arabia

Jobless Rate: 10 Percent

Saudi Arabia, the country that houses the 2nd largest oil reserves in the world, is high on unemployment rate. It has a jobless rate of 10 percent that is above the global average and hence it is slotted at the 22nd position.

 #23. India

Jobless Rate: 9.9 Percent

With an unemployment rate of 9.9 percent, India occupies the last position in our list. High inflation, falling rupee and widening current account deficit are viewed as the major reasons behind the slump of the Indian Economy. Lack of government’s initiatives to curb the above mentioned issues and pushing of populist schemes such as Food Security Bill, which can have a negative impact on fiscal deficit are seen as some of the others reasons for this snail-paced economic growth.   

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