LU2: Combined rate of time-related underemployment and unemployment in Caribbean

Caribbean: LU2: Combined rate of time-related underemployment and unemployment was 12.77 in 2027. ▼ Falling

Latest (2027)
12.77
Change on year
down 0.3%
World rank
28th
of 87 countries
All-time high
15.32
in 2013
All-time low
12.63
in 2024
Years of data
23
2005–2027

LU2: Combined rate of time-related underemployment and unemployment in Caribbean, 2005–2027

0510152005201620272005: 14.42006: 14.22007: 14.22008: 13.92009: 14.62010: 14.82011: 152012: 15.22013: 15.32014: 14.92015: 14.92016: 14.62017: 13.82018: 13.82019: 13.92020: 15.22021: 14.92022: 132023: 12.72024: 12.62025: 12.72026: 12.82027: 12.8

Source: International Labour Organization.

Analysis

In 2027, lu2: combined rate of time-related underemployment and unemployment in Caribbean stood at 12.77.

That represents a change of down 0.3% on the previous year and down 7.4% over ten years.

Over the whole period, lu2: combined rate of time-related underemployment and unemployment in Caribbean peaked at 15.32 in 2013 and was at its lowest, 12.63, in 2024.

That places Caribbean 28th out of 87 countries with data for 2027, putting it in the middle of the range.

The long-run direction has been consistently falling across the 23 years of available data.

LU2: Combined rate of time-related underemployment and unemployment in Caribbean, year by year

Annual values for LU2: Combined rate of time-related underemployment and unemployment (ILO modelled estimates) in Caribbean, 2005 to 2027.
Year Value Change
2005 14.42
2006 14.25 -1.2%
2007 14.22 -0.2%
2008 13.92 -2.1%
2009 14.6 +4.8%
2010 14.79 +1.3%
2011 15.01 +1.5%
2012 15.19 +1.2%
2013 15.32 +0.9%
2014 14.87 -3.0%
2015 14.92 +0.3%
2016 14.62 -2.0%
2017 13.78 -5.7%
2018 13.75 -0.2%
2019 13.87 +0.9%
2020 15.16 +9.3%
2021 14.9 -1.7%
2022 13.04 -12.5%
2023 12.65 -2.9%
2024 12.63 -0.2%
2025 12.74 +0.9%
2026 12.81 +0.5%
2027 12.77 -0.3%

Averages by decade

DecadeAverage LowestHighest Years
2000s 14.28 13.92 14.6 5
2010s 14.61 13.75 15.32 10
2020s 13.34 12.63 15.16 8

Countries ranked near Caribbean

  1. 25 Ecuador 22.01 compare
  2. 26 Suriname 20.45 compare
  3. 27 Guyana 20.04 compare
  4. 28 South Sudan 19.96 compare
  5. 29 Gambia 19.13 compare
  6. 30 Georgia 18.46 compare
  7. 31 Argentina 18.14 compare

See the full ranking of 276 places →

More work & labour data for Caribbean

All data for Caribbean →

Frequently asked questions

What is lu2: combined rate of time-related underemployment and unemployment in Caribbean?
Lu2: combined rate of time-related underemployment and unemployment in Caribbean was 12.77 in 2027, according to International Labour Organization.
What is the highest lu2: combined rate of time-related underemployment and unemployment recorded in Caribbean?
The highest recorded value was 15.32 in 2013.
What is the lowest lu2: combined rate of time-related underemployment and unemployment recorded in Caribbean?
The lowest recorded value was 12.63 in 2024.
How does Caribbean rank for lu2: combined rate of time-related underemployment and unemployment?
Caribbean ranks 28th out of 87 countries with data for 2027.
Is lu2: combined rate of time-related underemployment and unemployment rising or falling in Caribbean?
Over the last ten years it is down 7.4%. The long-run trend across the full record is falling.
Where does this Caribbean data come from?
The figures come from International Labour Organization, published as part of LU2: Combined rate of time-related underemployment and unemployment (ILO modelled estimates). Statizoid updates them automatically from the source API.

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LU2: Combined rate of time-related underemployment and unemployment in Caribbean. Statizoid, drawing on International Labour Organization. Retrieved 17 September 2026, from https://labour.statizoid.com/stat/lu2-combined-rate-of-time-related-underemployment-and-unemployment-ilo-modelled-estimates-2/caribbean/

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About this data

Indicator
LU2: Combined rate of time-related underemployment and unemployment (ILO modelled estimates)
Source
International Labour Organization
Licence
ILO Terms of Use (attribution required)
Coverage
276 places, 6,324 data points, 2005–2027
Last refreshed

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. LU2 represents the share of the labour force that are either in unemployment or time-related underemployment. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.