Based on different factors like opportunities, career goals, cost of living, weather, etc. countries like Germany, France, UAE, Netherlands, Luxembourg are known to be the best countries to work abroad.
The adult employment-to-population in 2022 was higher in Iceland than any other Organization for Economic Cooperation and Development (OECD) country, at 83.3 percent. The Netherlands ranked second with nearly 82 percent. On the other hand, it was lowest in Türkiye.
The world's best country to live in is Sweden, as it ranked highest on the world report Quality of Life Index that measured attributes ranging from economic stability and progressivism to innovation and geographical attractions.
Of the major developed economies, Japan had the highest employment rate in the last quarter of 2023, with 78.6 percent of the working age population engaged in paid employment.
Labour Force, Australia
In trend terms, in June 2023: unemployment rate remained at 3.5%.
The countries that have the lowest unemployment rates are Qatar, Cambodia, and Niger. Just because a country has a low unemployment rate, does not mean its citizens are necessarily well-off. That is determined by GDP per capita.
According to the United Nations, Australia is the second-best country in the world to live, due to its excellent quality of life index. The UN establishes a qualification, also known as the Human Development Index, based on an annual survey of social progress and economic indexes of the 187 countries.
Regionally, it is notable that several countries in Western Europe, including Switzerland, Denmark, and the Netherlands, consistently rank among the freest countries in the world. The Nordic countries, such as Sweden, Finland, and Iceland, also excel in terms of freedom.
Key statistics
participation rate remained at 66.8%. employment increased to 14,045,800. employment to population ratio remained at 64.5%. underemployment rate increased to 6.4%.
Switzerland, Luxembourg, Singapore, USA, Iceland, Qatar, Denmark, UAE, Netherlands, and Australia take the lead, offering the highest average monthly salaries to their citizens. The top three countries on this list are Switzerland, Luxembourg, and Singapore, where citizens earn more than Rs.
Australia offers a pleasant working environment that is both flexible and supportive, with a standard 9-5 work schedule and excellent benefits, allowing for an excellent #worklifebalance. Additionally, migrants working and living in Australia are entitled to some mandatory retirement and #pension benefits.
Singapore ranks as the most overworked country in the world, with 7 in 10 employees unhappy at work. The study by Instant Offices compared average working hours, annual leave, and workplace happiness to determine which APAC countries have the strongest culture of overworking, with Singapore coming out on top.
Some of the best countries for women include Norway, Sweden, Finland, Canada, and Iceland. These countries have low rates of gender-based violence, high levels of education and healthcare, and robust laws that protect women's rights.
On a mean wealth basis, Australia was the fourth-richest country in 2021 behind Switzerland, the US and Hong Kong. The average Australian adult was worth $US550,110 at the end of last year, after enjoying a $US66,350 annual increase in wealth.
Australia is a highly developed country with a mixed economy. As of 2023, Australia was the 13th-largest national economy by nominal GDP (gross domestic product), the 19th-largest by PPP-adjusted GDP, and was the 20th-largest goods exporter and 24th-largest goods importer.
Australia has plentiful supplies of natural resources, including the second largest accessible reserves of iron ore in the world, the fifth largest reserves of coal and significant gas resources. For a long time, commodities have made up a sizeable share of our exports.
Unemployment rate forecast - Country rankings
The average for 2023 based on 101 countries was 7.12 percent. The highest value was in South Africa: 34.72 percent and the lowest value was in Thailand: 1 percent. The indicator is available from 1980 to 2028.
International comparison of unemployment rates. The sad listing in the worldwide fight against unemployment is headed by Marshall Islands, Kiribati and Kosovo. The United States ranks 39th in our comparison of 64 countries.
According to the OECD, the country with the shortest working week is the Netherlands, with a reported 29.5 weekly working hours. Broken down by day, that translates to a four-day workweek with just 7.37-hour days. Denmark follows with 32.5 working hours a week, and then Norway, with 33.6.