With the high unemployment rate in Ghana, one would find it easy to believe that Ghana would have the most unemployed and qualified graduates of the lot, but could this be the case as according to the Organisation for Economic Co-operation and Development too? Here's how some selected countries performed.
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According to a recent OECD report, the unemployment rate for people with a third level education in Greece is just under 20 percent. Indeed, many of the countries with the highest rates of graduate unemployment across the world have been badly affected by the global financial crisis.
Spain also has a significant amount of unemployed graduates. The most recent figure places it directly behind Greece with an unemployment rate of 14.9 percent. Turkey rounds off the top three with 7.7 percent while Italy and Ireland come fourth and fifth with 7 and 6.7 percent respectively. At the opposite end of the scale, 4.1 percent of US college graduates are out of work, slightly ahead of Japan’s rate of 3.2 percent. Norway has the lowest graduate unemployment rate of all OECD nations with just 1.8 percent of its third level educated population unemployed.
The Organisation for Economic Co-operation and Development is an international economic organisation of 34 countries, founded in 1961 to stimulate economic progress and world trade.
Note that this chart however does not take into consideration Ghanaian graduates as Ghana only recently became a member country of the OECD.