Jobs gap rate in Latin America and the Caribbean: Lower-middle income
Latin America and the Caribbean: Lower-middle income: Jobs gap rate was 19.8 in 2027. ▼ Falling
Jobs gap rate in Latin America and the Caribbean: Lower-middle income, 2004–2027
Source: International Labour Organization.
Analysis
Latin America and the Caribbean: Lower-middle income recorded 19.8 for jobs gap rate in 2027.
The figure is down 0.5% on the previous year and down 1.5% over ten years.
Over the whole period, jobs gap rate in Latin America and the Caribbean: Lower-middle income peaked at 24.6 in 2020 and was at its lowest, 19.5, in 2023.
That places Latin America and the Caribbean: Lower-middle income 8th out of 87 groups with data for 2027, putting it in the top 10%.
The long-run direction has been consistently falling across the 24 years of available data.
Jobs gap rate in Latin America and the Caribbean: Lower-middle income, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 21.7 | — |
| 2005 | 22.1 | +1.8% |
| 2006 | 22.2 | +0.5% |
| 2007 | 22.7 | +2.3% |
| 2008 | 21.8 | -4.0% |
| 2009 | 21.7 | -0.5% |
| 2010 | 21.5 | -0.9% |
| 2011 | 20.7 | -3.7% |
| 2012 | 20.1 | -2.9% |
| 2013 | 20.3 | +1.0% |
| 2014 | 20.6 | +1.5% |
| 2015 | 20.6 | +0.0% |
| 2016 | 20.7 | +0.5% |
| 2017 | 20.1 | -2.9% |
| 2018 | 20 | -0.5% |
| 2019 | 19.8 | -1.0% |
| 2020 | 24.6 | +24.2% |
| 2021 | 21.6 | -12.2% |
| 2022 | 20.3 | -6.0% |
| 2023 | 19.5 | -3.9% |
| 2024 | 19.9 | +2.1% |
| 2025 | 19.9 | +0.0% |
| 2026 | 19.9 | +0.0% |
| 2027 | 19.8 | -0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 22.03 | 21.7 | 22.7 | 6 |
| 2010s | 20.44 | 19.8 | 21.5 | 10 |
| 2020s | 20.69 | 19.5 | 24.6 | 8 |
Countries ranked near Latin America and the Caribbean: Lower-middle income
More work & labour data for Latin America and the Caribbean: Lower-middle income
- Labour force (ILO modelled estimates) 20,680 (2027)
- Labour force participation rate (ILO modelled estimates) 66.85 (2027)
- Persons outside the labour force (ILO modelled estimates) 10,255 (2027)
- Unemployment rate (ILO modelled estimates) 6.79 (2027)
- Labour dependency ratio 1.26 (2027)
- Output per worker, GDP constant 2021 international $ at PPP 15,281 (2027)
- Output per worker, GDP constant 2015 US $ 5,320 (2027)
- Employment-to-population ratio (ILO modelled estimates) 62.31 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 1.74 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate 1.88 % change on previous year (2027)
All data for Latin America and the Caribbean: Lower-middle income →
Frequently asked questions
- What is jobs gap rate in Latin America and the Caribbean: Lower-middle income?
- Jobs gap rate in Latin America and the Caribbean: Lower-middle income was 19.8 in 2027, according to International Labour Organization.
- What is the highest jobs gap rate recorded in Latin America and the Caribbean: Lower-middle income?
- The highest recorded value was 24.6 in 2020.
- What is the lowest jobs gap rate recorded in Latin America and the Caribbean: Lower-middle income?
- The lowest recorded value was 19.5 in 2023.
- How does Latin America and the Caribbean: Lower-middle income rank for jobs gap rate?
- Latin America and the Caribbean: Lower-middle income ranks 8th out of 87 groups with data for 2027.
- Is jobs gap rate rising or falling in Latin America and the Caribbean: Lower-middle income?
- Over the last ten years it is down 1.5%. The long-run trend across the full record is falling.
- Where does this Latin America and the Caribbean: Lower-middle income data come from?
- The figures come from International Labour Organization, published as part of Jobs gap rate. 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
With the aim of promoting international comparability, statistics presented on ILOSTAT are based on standard international definitions wherever feasible and may differ from official national figures. This series is based on the 13th ICLS definitions. For time series comparability, it includes countries that have implemented the 19th ICLS standards, for which data are also available in the Work Statistics -- 19th ICLS (WORK) database. 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 Labour Force Statistics (LFS and STLFS) database description.