LU2: Combined rate of time-related underemployment and unemployment in Latin America and the Caribbean
Latin America and the Caribbean: LU2: Combined rate of time-related underemployment and unemployment was 11.78 in 2027. ▼ Falling
LU2: Combined rate of time-related underemployment and unemployment in Latin America and the Caribbean, 2005–2027
Source: International Labour Organization.
Analysis
Latin America and the Caribbean recorded 11.78 for lu2: combined rate of time-related underemployment and unemployment in 2027. That is the lowest value across all 23 years on record.
Compared with earlier readings it is down 1.0% on the previous year and down 23.8% over ten years.
Over the whole period, lu2: combined rate of time-related underemployment and unemployment in Latin America and the Caribbean peaked at 18.68 in 2020 and was at its lowest, 11.78, in 2027.
That places Latin America and the Caribbean 34th 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 23 years of available data.
LU2: Combined rate of time-related underemployment and unemployment in Latin America and the Caribbean, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 16.11 | — |
| 2006 | 15.15 | -6.0% |
| 2007 | 14.53 | -4.1% |
| 2008 | 13.88 | -4.4% |
| 2009 | 15.21 | +9.6% |
| 2010 | 14.56 | -4.3% |
| 2011 | 13.87 | -4.7% |
| 2012 | 13.78 | -0.7% |
| 2013 | 13.31 | -3.4% |
| 2014 | 12.93 | -2.9% |
| 2015 | 13.55 | +4.8% |
| 2016 | 14.77 | +9.0% |
| 2017 | 15.45 | +4.6% |
| 2018 | 15.61 | +1.0% |
| 2019 | 15.94 | +2.1% |
| 2020 | 18.68 | +17.2% |
| 2021 | 17.37 | -7.0% |
| 2022 | 14.25 | -17.9% |
| 2023 | 12.94 | -9.2% |
| 2024 | 12.53 | -3.2% |
| 2025 | 12.12 | -3.2% |
| 2026 | 11.89 | -1.9% |
| 2027 | 11.78 | -1.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 14.97 | 13.88 | 16.11 | 5 |
| 2010s | 14.38 | 12.93 | 15.94 | 10 |
| 2020s | 13.95 | 11.78 | 18.68 | 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 lu2: combined rate of time-related underemployment and unemployment in Latin America and the Caribbean?
- Lu2: combined rate of time-related underemployment and unemployment in Latin America and the Caribbean was 11.78 in 2027, according to International Labour Organization.
- What is the highest lu2: combined rate of time-related underemployment and unemployment recorded in Latin America and the Caribbean?
- The highest recorded value was 18.68 in 2020.
- What is the lowest lu2: combined rate of time-related underemployment and unemployment recorded in Latin America and the Caribbean?
- The lowest recorded value was 11.78 in 2027.
- How does Latin America and the Caribbean rank for lu2: combined rate of time-related underemployment and unemployment?
- Latin America and the Caribbean ranks 34th out of 87 groups with data for 2027.
- Is lu2: combined rate of time-related underemployment and unemployment rising or falling in Latin America and the Caribbean?
- Over the last ten years it is down 23.8%. The long-run trend across the full record is falling.
- Where does this Latin America and the 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) (15+). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 23 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. 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.