LU2: Combined rate of time-related underemployment and unemployment in South America
South America: LU2: Combined rate of time-related underemployment and unemployment was 11.99 in 2027. ▼ Falling
LU2: Combined rate of time-related underemployment and unemployment in South America, 2005–2027
Source: International Labour Organization.
Analysis
The most recent figure for lu2: combined rate of time-related underemployment and unemployment in South America is 11.99, measured in 2027. That is the lowest value across all 23 years on record.
That represents a change of down 1.2% on the previous year and down 28.9% over ten years.
Over the whole period, lu2: combined rate of time-related underemployment and unemployment in South America peaked at 20.3 in 2020 and was at its lowest, 11.99, in 2027.
That places South America 32nd 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 South America, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 17.54 | — |
| 2006 | 16.31 | -7.1% |
| 2007 | 15.45 | -5.2% |
| 2008 | 14.51 | -6.1% |
| 2009 | 15.78 | +8.7% |
| 2010 | 14.83 | -6.0% |
| 2011 | 13.93 | -6.1% |
| 2012 | 13.66 | -2.0% |
| 2013 | 13.07 | -4.3% |
| 2014 | 12.54 | -4.0% |
| 2015 | 13.64 | +8.7% |
| 2016 | 15.64 | +14.7% |
| 2017 | 16.86 | +7.8% |
| 2018 | 17.01 | +0.9% |
| 2019 | 17.46 | +2.6% |
| 2020 | 20.3 | +16.3% |
| 2021 | 18.99 | -6.5% |
| 2022 | 15 | -21.0% |
| 2023 | 13.54 | -9.8% |
| 2024 | 13.08 | -3.4% |
| 2025 | 12.47 | -4.6% |
| 2026 | 12.13 | -2.8% |
| 2027 | 11.99 | -1.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 15.92 | 14.51 | 17.54 | 5 |
| 2010s | 14.86 | 12.54 | 17.46 | 10 |
| 2020s | 14.69 | 11.99 | 20.3 | 8 |
Countries ranked near South America
More work & labour data for South America
- Population - Est. & Proj. — Total Population - Male 188,449 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes, annual -0.6536 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth -0.6333 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth -0.6731 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate -1.47 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate 0.3248 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 450,619 1000 No (2050)
- Population - Est. & Proj. — Total Population - Both sexes 379,097 1000 No (2100)
- Population - Est. & Proj. — Total Population - Female 190,649 1000 No (2100)
- Population - Est. & Proj. — Rural population 49,401 1000 No (2050)
Frequently asked questions
- What is lu2: combined rate of time-related underemployment and unemployment in South America?
- Lu2: combined rate of time-related underemployment and unemployment in South America was 11.99 in 2027, according to International Labour Organization.
- What is the highest lu2: combined rate of time-related underemployment and unemployment recorded in South America?
- The highest recorded value was 20.3 in 2020.
- What is the lowest lu2: combined rate of time-related underemployment and unemployment recorded in South America?
- The lowest recorded value was 11.99 in 2027.
- How does South America rank for lu2: combined rate of time-related underemployment and unemployment?
- South America ranks 32nd out of 87 groups with data for 2027.
- Is lu2: combined rate of time-related underemployment and unemployment rising or falling in South America?
- Over the last ten years it is down 28.9%. The long-run trend across the full record is falling.
- Where does this South America 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.