Labour income share as a percent of GDP in CARICOM
CARICOM: Labour income share as a percent of GDP was 50.7 in 2026. ▲ Rising
Labour income share as a percent of GDP in CARICOM, 2004–2026
Source: International Labour Organization.
Analysis
CARICOM recorded 50.7 for labour income share as a percent of gdp in 2026. That is the highest value across all 23 years on record.
The figure is up 0.2% on the previous year and up 2.2% over ten years.
Over the whole period, labour income share as a percent of gdp in CARICOM peaked at 50.7 in 2026 and was at its lowest, 47.4, in 2006.
That places CARICOM 45th out of 87 groups with data for 2026, putting it in the middle of the range.
The long-run direction has been consistently rising across the 23 years of available data.
Labour income share as a percent of GDP in CARICOM, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 48 | — |
| 2005 | 47.6 | -0.8% |
| 2006 | 47.4 | -0.4% |
| 2007 | 47.8 | +0.8% |
| 2008 | 47.9 | +0.2% |
| 2009 | 48.5 | +1.3% |
| 2010 | 48.3 | -0.4% |
| 2011 | 48.5 | +0.4% |
| 2012 | 49 | +1.0% |
| 2013 | 49 | +0.0% |
| 2014 | 49.2 | +0.4% |
| 2015 | 49.4 | +0.4% |
| 2016 | 49.6 | +0.4% |
| 2017 | 48.9 | -1.4% |
| 2018 | 48.8 | -0.2% |
| 2019 | 49 | +0.4% |
| 2020 | 50.6 | +3.3% |
| 2021 | 48.5 | -4.2% |
| 2022 | 49 | +1.0% |
| 2023 | 49.7 | +1.4% |
| 2024 | 50.1 | +0.8% |
| 2025 | 50.6 | +1.0% |
| 2026 | 50.7 | +0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 47.87 | 47.4 | 48.5 | 6 |
| 2010s | 48.97 | 48.3 | 49.6 | 10 |
| 2020s | 49.89 | 48.5 | 50.7 | 7 |
Countries ranked near CARICOM
More work & labour data for CARICOM
- Labour force (ILO modelled estimates) 9,122 (2027)
- Labour force participation rate (ILO modelled estimates) 63.66 (2027)
- Persons outside the labour force (ILO modelled estimates) 5,208 (2027)
- Unemployment rate (ILO modelled estimates) 11.26 (2027)
- Employment-to-population ratio (ILO modelled estimates) 56.49 (2027)
- Output per worker, GDP constant 2015 US $ 16,073 (2027)
- Output per worker, GDP constant 2021 international $ at PPP 31,291 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 1.41 % change on previous year (2027)
- Labour dependency ratio 1.4 (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate 1.1 % change on previous year (2027)
Frequently asked questions
- What is labour income share as a percent of gdp in CARICOM?
- Labour income share as a percent of gdp in CARICOM was 50.7 in 2026, according to International Labour Organization.
- What is the highest labour income share as a percent of gdp recorded in CARICOM?
- The highest recorded value was 50.7 in 2026.
- What is the lowest labour income share as a percent of gdp recorded in CARICOM?
- The lowest recorded value was 47.4 in 2006.
- How does CARICOM rank for labour income share as a percent of gdp?
- CARICOM ranks 45th out of 87 groups with data for 2026.
- Is labour income share as a percent of gdp rising or falling in CARICOM?
- Over the last ten years it is up 2.2%. The long-run trend across the full record is rising.
- Where does this CARICOM data come from?
- The figures come from International Labour Organization, published as part of Labour income share as a percent of GDP (ILO modelled estimates). Statizoid updates them automatically from the source API.
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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. The labour income share in GDP is the ratio, in percentage, between total labour income and gross domestic product (a measure of total output), both provided in nominal terms. Labour income includes the compensation of employees and part of the income of the self-employed. Self-employed workers earn from both their work and capital ownership. Total compensation of employees refers to the remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. The labour income of self-employed is imputed on the basis of a statistical analysis of employees of similar characteristics. The labour income share after accounting for the labour income of the self-employed is often referred to as the adjusted labour income share in GDP. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.