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According to the ILO Report, Unemployment Benefits and Coverage Are Lagging in the Asia-Pacific Region.

International | Dated: 07 Oct 2024

According to the ILO report, unemployment benefits and coverage in the Asia-Pacific region are lagging significantly, affecting vulnerable populations amidst ongoing economic challenges.

🎯 Key Highlights:

  • - The Asia-Pacific region has 53.6% social protection coverage but spends only 11.8% of GDP, below the global average of 19.3%.
  • - About 2.1 billion people remain unprotected from lifecycle and socio-economic risks, indicating uneven social protection progress.

💡 Other Important Facts:

  • (i) The coverage rates varied significantly among populous countries, with India at 48.4%, China at 75.6%, and Bangladesh at 20.2%.
  • (ii) Coverage rates differ significantly among populous countries, with India at 48.4%, China at 75.6%, and Bangladesh at 20.2%.

📚 Test Your Knowledge:

Recently, Which report states that unemployment benefits and coverage are lagging in the Asia-Pacific region?

Correct Answer: ILO Report

🚀 Quick Recap: