LU3: Combined rate of unemployment and potential labour force in Barbados
Barbados: LU3: Combined rate of unemployment and potential labour force was 6.79 in 2024. ▼ Falling
LU3: Combined rate of unemployment and potential labour force in Barbados, 2015–2024
Source: International Labour Organization.
Analysis
The most recent figure for lu3: combined rate of unemployment and potential labour force in Barbados is 6.79, measured in 2024. That is the lowest value across all 9 years on record.
The figure is down 9.2% on the previous year and down 39.8% over ten years.
Over the whole period, lu3: combined rate of unemployment and potential labour force in Barbados peaked at 12.8 in 2021 and was at its lowest, 6.79, in 2024.
Barbados ranks 42nd of 63 countries on this measure, in the middle of the range.
LU3: Combined rate of unemployment and potential labour force in Barbados, year by year
| Year | Value | Change |
|---|---|---|
| 2015 | 11.28 | — |
| 2016 | 9.59 | -15.0% |
| 2017 | 9.68 | +0.9% |
| 2018 | 9.76 | +0.8% |
| 2019 | 9.69 | -0.7% |
| 2021 | 12.8 | +32.0% |
| 2022 | 8.25 | -35.5% |
| 2023 | 7.48 | -9.3% |
| 2024 | 6.79 | -9.2% |
Barbados compared with similar countries
- Barbados's 6.79 is below the median for high income countries, which is 7.94, 86% of the median. (47 countries reporting)
- Barbados's 6.79 is below the median for Latin America & Caribbean, which is 9.49, 72% of the median. (8 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 10 | 9.59 | 11.28 | 5 |
| 2020s | 8.83 | 6.79 | 12.8 | 4 |
Countries ranked near Barbados
More work & labour data for Barbados
- Population - Est. & Proj. — Total Population - Both sexes, annual -0.7079 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth -0.6853 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth -0.7302 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate -0.9854 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate 0.8257 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 114.42 1000 No (2050)
- Population - Est. & Proj. — Rural population 165.89 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 97.75 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 96.95 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 194.7 1000 No (2100)
Frequently asked questions
- What is lu3: combined rate of unemployment and potential labour force in Barbados?
- Lu3: combined rate of unemployment and potential labour force in Barbados was 6.79 in 2024, according to International Labour Organization.
- What is the highest lu3: combined rate of unemployment and potential labour force recorded in Barbados?
- The highest recorded value was 12.8 in 2021.
- What is the lowest lu3: combined rate of unemployment and potential labour force recorded in Barbados?
- The lowest recorded value was 6.79 in 2024.
- How does Barbados rank for lu3: combined rate of unemployment and potential labour force?
- Barbados ranks 42nd out of 63 countries with data for 2024.
- Is lu3: combined rate of unemployment and potential labour force rising or falling in Barbados?
- Over the last ten years it is down 39.8%. The long-run trend across the full record is falling.
- Where does this Barbados data come from?
- The figures come from International Labour Organization, published as part of LU3: Combined rate of unemployment and potential labour force (current ILO definition - ICLS19) (15+). Statizoid updates them automatically from the source API.
Download this data
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About this data
With the aim of promoting international comparability, statistics presented on ILOSTAT are based on standard international definitions wherever feasible and may differ from official national figures. This series includes only countries for which the 19th ICLS definitions are applied. LU3 represents the share of the extended labour force that are in unemployment or the potential labour force. For more information, refer to the Work Statistics -- 19th ICLS (WORK) database description.