Informal employment rate in Latin America and the Caribbean: High income
Latin America and the Caribbean: High income: Informal employment rate was 31.86 in 2027. ▼ Falling
Informal employment rate in Latin America and the Caribbean: High income, 2004–2027
Source: International Labour Organization.
Analysis
In 2027, informal employment rate in Latin America and the Caribbean: High income stood at 31.86. That is the lowest value across all 24 years on record.
The figure is down 0.4% on the previous year and down 3.9% over ten years.
Over the whole period, informal employment rate in Latin America and the Caribbean: High income peaked at 34.92 in 2004 and was at its lowest, 31.86, in 2027.
Latin America and the Caribbean: High income ranks 60th of 87 groups on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 24 years of available data.
Informal employment rate in Latin America and the Caribbean: High income, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 34.92 | — |
| 2005 | 34.71 | -0.6% |
| 2006 | 34.63 | -0.2% |
| 2007 | 34.31 | -0.9% |
| 2008 | 33.88 | -1.2% |
| 2009 | 34.07 | +0.5% |
| 2010 | 33.45 | -1.8% |
| 2011 | 32.68 | -2.3% |
| 2012 | 32.8 | +0.4% |
| 2013 | 33.06 | +0.8% |
| 2014 | 33.06 | +0.0% |
| 2015 | 33.11 | +0.1% |
| 2016 | 32.95 | -0.5% |
| 2017 | 33.16 | +0.6% |
| 2018 | 33.49 | +1.0% |
| 2019 | 33.65 | +0.5% |
| 2020 | 32.66 | -2.9% |
| 2021 | 33.45 | +2.4% |
| 2022 | 33.14 | -0.9% |
| 2023 | 32.78 | -1.1% |
| 2024 | 32.83 | +0.1% |
| 2025 | 32.11 | -2.2% |
| 2026 | 32 | -0.4% |
| 2027 | 31.86 | -0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 34.42 | 33.88 | 34.92 | 6 |
| 2010s | 33.14 | 32.68 | 33.65 | 10 |
| 2020s | 32.6 | 31.86 | 33.45 | 8 |
More work & labour data for Latin America and the Caribbean: High income
- Labour force (ILO modelled estimates) 19,892 (2027)
- Labour force participation rate (ILO modelled estimates) 60.43 (2027)
- Persons outside the labour force (ILO modelled estimates) 13,027 (2027)
- Unemployment rate (ILO modelled estimates) 8.14 (2027)
- Labour dependency ratio 1.17 (2027)
- Output per worker, GDP constant 2021 international $ at PPP 76,690 (2027)
- Output per worker, GDP constant 2015 US $ 40,488 (2027)
- Employment-to-population ratio (ILO modelled estimates) 55.51 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 0.8477 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate 0.8323 % change on previous year (2027)
Frequently asked questions
- What is informal employment rate in Latin America and the Caribbean: High income?
- Informal employment rate in Latin America and the Caribbean: High income was 31.86 in 2027, according to International Labour Organization.
- What is the highest informal employment rate recorded in Latin America and the Caribbean: High income?
- The highest recorded value was 34.92 in 2004.
- What is the lowest informal employment rate recorded in Latin America and the Caribbean: High income?
- The lowest recorded value was 31.86 in 2027.
- How does Latin America and the Caribbean: High income rank for informal employment rate?
- Latin America and the Caribbean: High income ranks 60th out of 87 groups with data for 2027.
- Is informal employment rate rising or falling in Latin America and the Caribbean: High income?
- Over the last ten years it is down 3.9%. The long-run trend across the full record is falling.
- Where does this Latin America and the Caribbean: High income data come from?
- The figures come from International Labour Organization, published as part of Informal employment rate (ILO modelled estimates). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under ILO Terms of Use (attribution required).
About this data
Imputed observations are not based on national data, are subject to high uncertainty and should not be used for country comparisons or rankings. This series is based on the 13th ICLS definitions. Informal employment comprises persons who in their main or secondary jobs were (a) own-account workers, employers and members of producers' cooperatives employed in their own informal sector enterprises; (b) own-account workers engaged in the production of goods exclusively for own final use by their household (e.g. subsistence farming); (c) contributing family workers, regardless of whether they work in formal or informal sector enterprises; or (d) employees holding informal jobs, whether employed by formal sector enterprises, informal sector enterprises, or as paid domestic workers by households. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.