Jobs gap rate in Latin America and the Caribbean: Upper-middle income
Latin America and the Caribbean: Upper-middle income: Jobs gap rate was 11.83 in 2027. ▼ Falling
Jobs gap rate in Latin America and the Caribbean: Upper-middle income, 2004–2027
Source: International Labour Organization.
Analysis
In 2027, jobs gap rate in Latin America and the Caribbean: Upper-middle income stood at 11.83. That is the lowest value across all 24 years on record.
That represents a change of down 1.3% on the previous year and down 28.0% over ten years.
Over the whole period, jobs gap rate in Latin America and the Caribbean: Upper-middle income peaked at 20.96 in 2020 and was at its lowest, 11.83, in 2027.
That places Latin America and the Caribbean: Upper-middle income 40th out of 87 groups with data for 2027, putting it in the middle of the range.
The long-run direction has been consistently falling across the 24 years of available data.
Jobs gap rate in Latin America and the Caribbean: Upper-middle income, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 17.99 | — |
| 2005 | 17.26 | -4.1% |
| 2006 | 16.46 | -4.6% |
| 2007 | 15.93 | -3.3% |
| 2008 | 15.12 | -5.1% |
| 2009 | 16.2 | +7.1% |
| 2010 | 15.67 | -3.2% |
| 2011 | 15.04 | -4.0% |
| 2012 | 14.78 | -1.7% |
| 2013 | 14.41 | -2.5% |
| 2014 | 13.73 | -4.7% |
| 2015 | 14.35 | +4.5% |
| 2016 | 15.82 | +10.3% |
| 2017 | 16.43 | +3.8% |
| 2018 | 16.36 | -0.4% |
| 2019 | 16.44 | +0.4% |
| 2020 | 20.96 | +27.5% |
| 2021 | 18.16 | -13.4% |
| 2022 | 14.56 | -19.8% |
| 2023 | 13.46 | -7.6% |
| 2024 | 12.96 | -3.7% |
| 2025 | 12.28 | -5.3% |
| 2026 | 11.99 | -2.4% |
| 2027 | 11.83 | -1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 16.49 | 15.12 | 17.99 | 6 |
| 2010s | 15.3 | 13.73 | 16.44 | 10 |
| 2020s | 14.53 | 11.83 | 20.96 | 8 |
More work & labour data for Latin America and the Caribbean: Upper-middle income
- Labour force (ILO modelled estimates) 290,727 (2027)
- Labour force participation rate (ILO modelled estimates) 62.39 (2027)
- Persons outside the labour force (ILO modelled estimates) 175,263 (2027)
- Unemployment rate (ILO modelled estimates) 4.77 (2027)
- Labour dependency ratio 1.14 (2027)
- Output per worker, GDP constant 2021 international $ at PPP 43,867 (2027)
- Output per worker, GDP constant 2015 US $ 19,918 (2027)
- Employment-to-population ratio (ILO modelled estimates) 59.41 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 1.35 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate 0.859 % change on previous year (2027)
All data for Latin America and the Caribbean: Upper-middle income →
Frequently asked questions
- What is jobs gap rate in Latin America and the Caribbean: Upper-middle income?
- Jobs gap rate in Latin America and the Caribbean: Upper-middle income was 11.83 in 2027, according to International Labour Organization.
- What is the highest jobs gap rate recorded in Latin America and the Caribbean: Upper-middle income?
- The highest recorded value was 20.96 in 2020.
- What is the lowest jobs gap rate recorded in Latin America and the Caribbean: Upper-middle income?
- The lowest recorded value was 11.83 in 2027.
- How does Latin America and the Caribbean: Upper-middle income rank for jobs gap rate?
- Latin America and the Caribbean: Upper-middle income ranks 40th out of 87 groups with data for 2027.
- Is jobs gap rate rising or falling in Latin America and the Caribbean: Upper-middle income?
- Over the last ten years it is down 28.0%. The long-run trend across the full record is falling.
- Where does this Latin America and the Caribbean: Upper-middle income data come from?
- The figures come from International Labour Organization, published as part of Jobs gap 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. The jobs gap rate is defined as the sum of the unemployed, the potential labour force and willing non-jobseekers divided by the sum of the extended labour force and willing non-jobseekers. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.