As International Youth Day approaches next week, I've found myself wondering what are the primary issues affecting young people throughout the world. One topic that seems to be a common thread across regions and income groups is youth unemployment, which remains more than double the rate of unemployment for the general population.
It's well known that youth populations are on the rise in the developing world, particularly. What does this mean for the millions of young people who enter the workforce every year?
Youth unemployment is defined as individuals aged 15-24 who are without work, but are currently available for work and have sought it in the recent past. Below, I analyze data from World Development Indicators. These data come originally from the International Labour Organization (ILO), which produces its own estimates that are harmonized to account for inconsistences in the data source, definition, and methodologies. ILO estimates may differ from official unemployment statistics produced by national statistical offices.
Asia maintains lowest levels of youth unemployment
Regional levels of youth unemployment have barely changed in the past two decades. South Asia and East Asia and Pacific have maintained the lowest rates, hovering at about 10% for the last 20 years. Meanwhile, the Middle East and North Africa region has had the highest rate of youth unemployment since the 1990s, and clocked in a figure of about 27% in 2012. The biggest increase in the youth unemployment rate has been in the Europe and Central Asia region, where after years of steady decline rates have risen to over 20% since the financial crisis in 2008.
Data on Millennium Development Goals (MDG) indicator trends for developing countries and for different groups of countries are curated in the World Development Indicator (WDI) database. Each year we use these data in the Global Monitoring Report (GMR) to track progress on the MDGs. Many colleagues, as well as non-Bank staff, approach us on a weekly basis with questions regarding where their region, or country, or sector stands in regard to achieving the core MDGs. Oftentimes in the same breath, they will also ask us whether or when we expect that a particular country or region will meet a certain MDG.
With less than 1,000 days remaining to the MDG deadline, work on the Post-2015 agenda is in full swing. In response to the growing demand for additional info about GMR analytics and the underlying data, we developed a suite of open and interactive data diagnostics dashboards available at: http://data.worldbank.org/mdgs. Below is an extract which summarizes the progress status towards meeting various MDGs among countries in various regions, income and other groups. Select different indicators and highlight categories of progress status to interact with the visualization.