LU3: Combined rate of unemployment and potential labour force in CARICOM
CARICOM: LU3: Combined rate of unemployment and potential labour force was 22.56 in 2027. ▬ Flat
LU3: Combined rate of unemployment and potential labour force in CARICOM, 2004–2027
Source: International Labour Organization.
Analysis
In 2027, lu3: combined rate of unemployment and potential labour force in CARICOM stood at 22.56.
Compared with earlier readings it is up 3.5% over ten years.
Over the whole period, lu3: combined rate of unemployment and potential labour force in CARICOM peaked at 24.72 in 2007 and was at its lowest, 21.35, in 2004.
CARICOM ranks 7th of 87 groups on this measure, in the top 10%.
LU3: Combined rate of unemployment and potential labour force in CARICOM, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 21.35 | — |
| 2005 | 22.54 | +5.6% |
| 2006 | 23.71 | +5.2% |
| 2007 | 24.72 | +4.2% |
| 2008 | 24 | -2.9% |
| 2009 | 23.66 | -1.4% |
| 2010 | 23.56 | -0.4% |
| 2011 | 22.75 | -3.4% |
| 2012 | 22.44 | -1.4% |
| 2013 | 22.09 | -1.6% |
| 2014 | 22 | -0.4% |
| 2015 | 21.77 | -1.0% |
| 2016 | 22.02 | +1.1% |
| 2017 | 21.79 | -1.0% |
| 2018 | 21.55 | -1.1% |
| 2019 | 21.5 | -0.3% |
| 2020 | 24.11 | +12.2% |
| 2021 | 23.69 | -1.8% |
| 2022 | 21.97 | -7.3% |
| 2023 | 21.59 | -1.7% |
| 2024 | 22.04 | +2.1% |
| 2025 | 22.36 | +1.5% |
| 2026 | 22.55 | +0.8% |
| 2027 | 22.56 | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 23.33 | 21.35 | 24.72 | 6 |
| 2010s | 22.15 | 21.5 | 23.56 | 10 |
| 2020s | 22.61 | 21.59 | 24.11 | 8 |
More work & labour data for CARICOM
- Persons outside the labour force (ILO modelled estimates) 5,208 (2027)
- Labour force (ILO modelled estimates) 9,122 (2027)
- Labour force participation rate (ILO modelled estimates) 63.66 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 1.41 % change on previous year (2027)
- Output per worker, GDP constant 2015 US $ 16,073 (2027)
- Employment-to-population ratio (ILO modelled estimates) 56.49 (2027)
- Output per worker, GDP constant 2021 international $ at PPP 31,291 (2027)
- Labour dependency ratio 1.4 (2027)
- Unemployment rate (ILO modelled estimates) 11.26 (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate 1.1 % change on previous year (2027)
Frequently asked questions
- What is lu3: combined rate of unemployment and potential labour force in CARICOM?
- Lu3: combined rate of unemployment and potential labour force in CARICOM was 22.56 in 2027, according to International Labour Organization.
- What is the highest lu3: combined rate of unemployment and potential labour force recorded in CARICOM?
- The highest recorded value was 24.72 in 2007.
- What is the lowest lu3: combined rate of unemployment and potential labour force recorded in CARICOM?
- The lowest recorded value was 21.35 in 2004.
- How does CARICOM rank for lu3: combined rate of unemployment and potential labour force?
- CARICOM ranks 7th out of 87 groups with data for 2027.
- Is lu3: combined rate of unemployment and potential labour force rising or falling in CARICOM?
- Over the last ten years it is up 3.5%. The long-run trend across the full record is flat.
- Where does this CARICOM data come from?
- The figures come from International Labour Organization, published as part of LU3: Combined rate of unemployment and potential labour force (ILO modelled estimates). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 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. LU3 represents the share of the extended labour force that are in unemployment or the potential labour force. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.