Equilibrium unemployment rate, as a percentage of labour force - NAIRU - EO - EO_NAIRU

Data - OECD

Info

Last observation: A: 2020 (N = 36)

First observation: A: 1985 (N = 21)

Last data update: 02 aoû 2026, 08:58. Last compile: 17 aoû 2026, 23:36

Structure

LOCATION

VARIABLE

FREQUENCY

TIME_FORMAT

UNIT

POWERCODE

REFERENCEPERIOD

France, Germany, Italy

All

EO |>
  filter(LOCATION %in% c("FRA", "DEU", "ITA")) |>
  left_join(EO_var$LOCATION, by = "LOCATION") |>
  year_to_date() |>
  ggplot() + theme_minimal() + ylab("NAIRU, OECD (% of GDP)") + xlab("") +
  geom_line(aes(x = date, y = obsValue/100, color = Location)) +
  geom_image(data = . %>%
               filter(date == as.Date("2017-01-01")) %>%
               mutate(image = paste0("../../icon/flag/", str_to_lower(gsub(" ", "-", Location)), ".png")),
             aes(x = date, y = obsValue/100, image = image), asp = 1.5) +
  scale_color_manual(values = c("#0055a4", "#000000", "#008c45")) +
  scale_x_date(breaks = seq(1920, 2100, 5) |> paste0("-01-01") |> as.Date(),
               labels = date_format("%Y")) +
  theme(legend.position = c(0.15, 0.2),
        legend.title = element_blank()) +
  scale_y_continuous(breaks = 0.01*seq(-7, 60, 1),
                     labels = scales::percent_format(accuracy = 1))

1995-

EO |>
  filter(LOCATION %in% c("FRA", "DEU", "ITA")) |>
  left_join(EO_var$LOCATION, by = "LOCATION") |>
  year_to_date() |>
  filter(date >= as.Date("1995-01-01")) |>
  ggplot() + theme_minimal() + ylab("NAIRU, OECD (% of GDP)") + xlab("") +
  geom_line(aes(x = date, y = obsValue/100, color = Location)) +
  geom_image(data = . %>%
               filter(date == as.Date("2017-01-01")) %>%
               mutate(image = paste0("../../icon/flag/", str_to_lower(gsub(" ", "-", Location)), ".png")),
             aes(x = date, y = obsValue/100, image = image), asp = 1.5) +
  scale_color_manual(values = c("#0055a4", "#000000", "#008c45")) +
  scale_x_date(breaks = seq(1920, 2100, 5) |> paste0("-01-01") |> as.Date(),
               labels = date_format("%Y")) +
  theme(legend.position = c(0.15, 0.2),
        legend.title = element_blank()) +
  scale_y_continuous(breaks = 0.01*seq(-7, 60, 1),
                     labels = scales::percent_format(accuracy = 1))

United States, United Kingdom, Japan

All

EO |>
  filter(LOCATION %in% c("USA", "GBR", "JPN")) |>
  left_join(EO_var$LOCATION, by = "LOCATION") |>
  year_to_date() |>
  ggplot() + theme_minimal() + ylab("NAIRU, OECD (% of GDP)") + xlab("") +
  geom_line(aes(x = date, y = obsValue/100, color = Location)) +
  geom_image(data = . %>%
               filter(date == as.Date("2017-01-01")) %>%
               mutate(image = paste0("../../icon/flag/", str_to_lower(gsub(" ", "-", Location)), ".png")),
             aes(x = date, y = obsValue/100, image = image), asp = 1.5) +
  scale_color_manual(values = c("#0055a4", "#000000", "#008c45")) +
  scale_x_date(breaks = seq(1920, 2100, 5) |> paste0("-01-01") |> as.Date(),
               labels = date_format("%Y")) +
  theme(legend.position = c(0.15, 0.2),
        legend.title = element_blank()) +
  scale_y_continuous(breaks = 0.01*seq(-7, 60, 1),
                     labels = scales::percent_format(accuracy = 1))