Jobs gap in Latin America and the Caribbean
Latin America and the Caribbean: Jobs gap was 45,788 in 2027. ▲ Rising
Jobs gap in Latin America and the Caribbean, 2004–2027
Source: International Labour Organization.
Analysis
Latin America and the Caribbean recorded 45,788 for jobs gap in 2027.
Compared with earlier readings it is down 0.2% on the previous year and down 17.4% over ten years.
Over the whole period, jobs gap in Latin America and the Caribbean peaked at 71,866 in 2020 and was at its lowest, 45,424, in 2014.
That places Latin America and the Caribbean 25th out of 87 groups with data for 2027, putting it in the middle of the range.
The long-run direction has been consistently rising across the 24 years of available data.
Jobs gap in Latin America and the Caribbean, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 50,547 | — |
| 2005 | 49,780 | -1.5% |
| 2006 | 48,654 | -2.3% |
| 2007 | 47,863 | -1.6% |
| 2008 | 46,267 | -3.3% |
| 2009 | 50,550 | +9.3% |
| 2010 | 49,233 | -2.6% |
| 2011 | 47,598 | -3.3% |
| 2012 | 47,496 | -0.2% |
| 2013 | 46,903 | -1.2% |
| 2014 | 45,424 | -3.2% |
| 2015 | 47,898 | +5.4% |
| 2016 | 52,960 | +10.6% |
| 2017 | 55,407 | +4.6% |
| 2018 | 56,168 | +1.4% |
| 2019 | 57,166 | +1.8% |
| 2020 | 71,866 | +25.7% |
| 2021 | 63,455 | -11.7% |
| 2022 | 52,020 | -18.0% |
| 2023 | 48,786 | -6.2% |
| 2024 | 48,035 | -1.5% |
| 2025 | 46,351 | -3.5% |
| 2026 | 45,861 | -1.1% |
| 2027 | 45,788 | -0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 48,944 | 46,267 | 50,550 | 6 |
| 2010s | 50,625 | 45,424 | 57,166 | 10 |
| 2020s | 52,770 | 45,788 | 71,866 | 8 |
Countries ranked near Latin America and the Caribbean
More work & labour data for Latin America and the Caribbean
- Labour force (ILO modelled estimates) 331,299 (2027)
- Labour force participation rate (ILO modelled estimates) 62.53 (2027)
- Persons outside the labour force (ILO modelled estimates) 198,545 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 1.34 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate 0.9209 % change on previous year (2027)
- Output per worker, GDP constant 2021 international $ at PPP 44,022 (2027)
- Unemployment rate (ILO modelled estimates) 5.1 (2027)
- Labour dependency ratio 1.15 (2027)
- Employment-to-population ratio (ILO modelled estimates) 59.34 (2027)
- Output per worker, GDP constant 2015 US $ 20,218 (2027)
Frequently asked questions
- What is jobs gap in Latin America and the Caribbean?
- Jobs gap in Latin America and the Caribbean was 45,788 in 2027, according to International Labour Organization.
- What is the highest jobs gap recorded in Latin America and the Caribbean?
- The highest recorded value was 71,866 in 2020.
- What is the lowest jobs gap recorded in Latin America and the Caribbean?
- The lowest recorded value was 45,424 in 2014.
- How does Latin America and the Caribbean rank for jobs gap?
- Latin America and the Caribbean ranks 25th out of 87 groups with data for 2027.
- Is jobs gap rising or falling in Latin America and the Caribbean?
- Over the last ten years it is down 17.4%. The long-run trend across the full record is rising.
- Where does this Latin America and the Caribbean data come from?
- The figures come from International Labour Organization, published as part of Jobs gap. 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 is defined as the sum of the unemployed, the potential labour force and willing non-jobseekers. For more information, refer to the Labour Force Statistics (LFS and STLFS) database description.