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

Peru: LU2: Combined rate of time-related underemployment and unemployment was 12.81 in 2027. ▬ Flat

Latest (2027)
12.81
Change on year
down 0.2%
World rank
69th
of 188 countries
All-time high
16.94
in 2020
All-time low
11.99
in 2014
Years of data
23
2005–2027

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

0510152005201620272005: 142006: 13.22007: 13.12008: 13.12009: 132010: 12.62011: 12.42012: 12.12013: 12.52014: 122015: 122016: 12.62017: 12.62018: 12.42019: 12.22020: 16.92021: 14.22022: 13.32023: 13.22024: 12.72025: 12.72026: 12.82027: 12.8

Source: International Labour Organization.

Analysis

The most recent figure for lu2: combined rate of time-related underemployment and unemployment in Peru is 12.81, measured in 2027.

That represents a change of down 0.2% on the previous year and up 1.7% over ten years.

Over the whole period, lu2: combined rate of time-related underemployment and unemployment in Peru peaked at 16.94 in 2020 and was at its lowest, 11.99, in 2014.

Peru ranks 69th of 188 countries on this measure, in the middle of the range.

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

Annual values for LU2: Combined rate of time-related underemployment and unemployment (ILO modelled estimates) (15+) in Peru, 2005 to 2027.
Year Value Change
2005 13.96
2006 13.18 -5.6%
2007 13.15 -0.2%
2008 13.08 -0.5%
2009 13.01 -0.6%
2010 12.57 -3.3%
2011 12.39 -1.4%
2012 12.08 -2.5%
2013 12.49 +3.4%
2014 11.99 -4.0%
2015 12.02 +0.3%
2016 12.6 +4.8%
2017 12.6 +0.0%
2018 12.36 -2.0%
2019 12.22 -1.1%
2020 16.94 +38.7%
2021 14.2 -16.2%
2022 13.27 -6.5%
2023 13.17 -0.7%
2024 12.71 -3.5%
2025 12.65 -0.5%
2026 12.84 +1.5%
2027 12.81 -0.2%

Peru compared with similar countries

  • Peru's 12.81 is above the median for upper middle income countries, which is 12.16, 1.1× the median. (53 countries reporting)
  • Peru's 12.81 is above the median for Latin America & Caribbean, which is 12.17, 1.1× the median. (31 countries reporting)

Biggest year-on-year movements

Years where LU2: Combined rate of time-related underemployment and unemployment in Peru changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
2020 +38.7% 12.22 16.94

Averages by decade

DecadeAverage LowestHighest Years
2000s 13.28 13.01 13.96 5
2010s 12.33 11.99 12.6 10
2020s 13.57 12.65 16.94 8

Countries ranked near Peru

  1. 66 Cameroon 13.18 compare
  2. 67 Lebanon 12.85 compare
  3. 68 Bosnia and Herzegovina 12.84 compare
  4. 70 Belize 12.73 compare
  5. 71 Sweden 12.49 compare
  6. 72 Cote d'Ivoire 12.19 compare

See the full ranking of 276 places →

More work & labour data for Peru

All data for Peru →

Frequently asked questions

What is lu2: combined rate of time-related underemployment and unemployment in Peru?
Lu2: combined rate of time-related underemployment and unemployment in Peru was 12.81 in 2027, according to International Labour Organization.
What is the highest lu2: combined rate of time-related underemployment and unemployment recorded in Peru?
The highest recorded value was 16.94 in 2020.
What is the lowest lu2: combined rate of time-related underemployment and unemployment recorded in Peru?
The lowest recorded value was 11.99 in 2014.
How does Peru rank for lu2: combined rate of time-related underemployment and unemployment?
Peru ranks 69th out of 188 countries with data for 2027.
Is lu2: combined rate of time-related underemployment and unemployment rising or falling in Peru?
Over the last ten years it is up 1.7%. The long-run trend across the full record is flat.
Where does this Peru 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.

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LU2: Combined rate of time-related underemployment and unemployment in Peru. 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/peru/

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About this data

Indicator
LU2: Combined rate of time-related underemployment and unemployment (ILO modelled estimates) (15+)
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.