Informal employment rate in Latin America and the Caribbean
Latin America and the Caribbean: Informal employment rate was 51.09 in 2027. ▬ Flat
Informal employment rate in Latin America and the Caribbean, 2004–2027
Source: International Labour Organization.
Analysis
Latin America and the Caribbean recorded 51.09 for informal employment rate in 2027.
Compared with earlier readings it is down 0.1% on the previous year and down 2.0% over ten years.
Over the whole period, informal employment rate in Latin America and the Caribbean peaked at 55.23 in 2004 and was at its lowest, 51.06, in 2014.
That places Latin America and the Caribbean 43rd out of 87 groups with data for 2027, putting it in the middle of the range.
Informal employment rate in Latin America and the Caribbean, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 55.23 | — |
| 2005 | 54.68 | -1.0% |
| 2006 | 53.78 | -1.6% |
| 2007 | 52.9 | -1.6% |
| 2008 | 52.36 | -1.0% |
| 2009 | 52.51 | +0.3% |
| 2010 | 52.33 | -0.3% |
| 2011 | 52.12 | -0.4% |
| 2012 | 52.08 | -0.1% |
| 2013 | 51.53 | -1.1% |
| 2014 | 51.06 | -0.9% |
| 2015 | 51.38 | +0.6% |
| 2016 | 51.39 | +0.0% |
| 2017 | 52.14 | +1.5% |
| 2018 | 52.42 | +0.5% |
| 2019 | 52.42 | -0.0% |
| 2020 | 51.47 | -1.8% |
| 2021 | 52.9 | +2.8% |
| 2022 | 52.21 | -1.3% |
| 2023 | 51.69 | -1.0% |
| 2024 | 51.35 | -0.7% |
| 2025 | 51.21 | -0.3% |
| 2026 | 51.16 | -0.1% |
| 2027 | 51.09 | -0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 53.58 | 52.36 | 55.23 | 6 |
| 2010s | 51.89 | 51.06 | 52.42 | 10 |
| 2020s | 51.64 | 51.09 | 52.9 | 8 |
More work & labour data for Latin America and the Caribbean
- Persons outside the labour force (ILO modelled estimates) 198,545 (2027)
- Labour force participation rate (ILO modelled estimates) 62.53 (2027)
- Labour force (ILO modelled estimates) 331,299 (2027)
- Unemployment rate (ILO modelled estimates) 5.1 (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate 0.9209 % change on previous year (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 1.34 % change on previous year (2027)
- Labour dependency ratio 1.15 (2027)
- Output per worker, GDP constant 2015 US $ 20,218 (2027)
- Output per worker, GDP constant 2021 international $ at PPP 44,022 (2027)
- Employment-to-population ratio (ILO modelled estimates) 59.34 (2027)
Frequently asked questions
- What is informal employment rate in Latin America and the Caribbean?
- Informal employment rate in Latin America and the Caribbean was 51.09 in 2027, according to International Labour Organization.
- What is the highest informal employment rate recorded in Latin America and the Caribbean?
- The highest recorded value was 55.23 in 2004.
- What is the lowest informal employment rate recorded in Latin America and the Caribbean?
- The lowest recorded value was 51.06 in 2014.
- How does Latin America and the Caribbean rank for informal employment rate?
- Latin America and the Caribbean ranks 43rd out of 87 groups with data for 2027.
- Is informal employment rate rising or falling in Latin America and the Caribbean?
- Over the last ten years it is down 2.0%. The long-run trend across the full record is flat.
- Where does this Latin America and the Caribbean 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.