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VISUAL CAPITALIST
WHERE UNEMPLOYMENT BENEFITS ARE THE HIGHEST, IN OECD COUNTRIES
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VISUAL CAPITALIST
WHERE UNEMPLOYMENT BENEFITS ARE THE HIGHEST, IN OECD COUNTRIES
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MISC
WHERE UNEMPLOYMENT BENEFITS ARE THE HIGHEST, IN OECD COUNTRIES
Published
4 weeks ago
on
June 17, 2024
By
Marcus Lu
GRAPHICS/DESIGN:
* BHABNA BANERJEE
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See this visualization first on the Voronoi app.
RANKED: UNEMPLOYMENT BENEFITS IN OECD COUNTRIES
This was originally posted on our Voronoi app. Download the app for free on iOS
or Android and discover incredible data-driven charts from a variety of trusted
sources.
This graphic ranks OECD countries by their level of unemployment benefits
offered. This is measured by the percentage of previous in-work income a person
would earn after being unemployed for one year.
Calculations reference a single person without children, whose previous in-work
earnings were 67% of the average wage in each country. Data for this graphic and
article can be accessed at OECD.org.
As of 2024, the OECD has 38 member countries plus several accession candidates.
OECD COUNTRIES BY UNEMPLOYMENT SUPPORT
Luxembourg tops the rankings of OECD countries by unemployment benefits. Workers
in the country can receive 87% of their previous employed income for up to a
full year out of work.
Search:
RankCountry% of previous in-work
income received
after 1 year 1 Luxembourg87 2 Belgium78 3 Denmark78 4 Bulgaria*77 5 Portugal75 6
Switzerland72 7 Norway67 8 France66 9 Spain66 10 Netherlands64 11 Sweden64 12
Italy62 13 Iceland61
Showing 1 to 13 of 39 entries
PreviousNext
*Not formally in the OECD. Data unavailable for Costa Rica, Chile, Colombia, and
Mexico. Figures current up to 2023.
However, there are stipulations to receiving this money. This includes being fit
and willing to work as well as already registered in the National Employment
Agency.
After a 10 percentage point gap, Belgium and Denmark all but tie at second place
at 78%.
Bulgaria, Portugal, and Switzerland round out the top six, all supporting their
unemployed with more than 70% of their previous incomes.
It’s worth pointing out here that five of these top six countries have some of
the highest personal income taxes in the world.
On the other end of the rankings, the workers in the U.S. and Hungary only
receive 9% of their earlier incomes after a year out of work.
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Related Topics:united
statesTaxesswitzerlandhungaryunemploymentluxembourgPortugalBelgiumdenmarkU.S.Bulgariaocedunemployment
benefitsunemployment support
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