LU3: Combined rate of unemployment and potential labour force in South America
South America: LU3: Combined rate of unemployment and potential labour force was 10.38 in 2027. ▼ Falling
LU3: Combined rate of unemployment and potential labour force in South America, 2004–2027
Source: International Labour Organization.
Analysis
South America recorded 10.38 for lu3: combined rate of unemployment and potential labour force in 2027.
That represents a change of down 1.7% on the previous year and down 27.2% over ten years.
Over the whole period, lu3: combined rate of unemployment and potential labour force in South America peaked at 19.46 in 2020 and was at its lowest, 10.34, in 2014.
That places South America 31st 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 24 years of available data.
LU3: Combined rate of unemployment and potential labour force in South America, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 15.69 | — |
| 2005 | 14.94 | -4.8% |
| 2006 | 13.87 | -7.2% |
| 2007 | 13.11 | -5.5% |
| 2008 | 12.35 | -5.8% |
| 2009 | 13.34 | +8.1% |
| 2010 | 12.48 | -6.5% |
| 2011 | 11.67 | -6.4% |
| 2012 | 11.37 | -2.6% |
| 2013 | 10.84 | -4.7% |
| 2014 | 10.34 | -4.6% |
| 2015 | 11.28 | +9.1% |
| 2016 | 13.4 | +18.7% |
| 2017 | 14.27 | +6.5% |
| 2018 | 14.43 | +1.1% |
| 2019 | 14.55 | +0.8% |
| 2020 | 19.46 | +33.7% |
| 2021 | 16.83 | -13.5% |
| 2022 | 13.01 | -22.7% |
| 2023 | 11.79 | -9.4% |
| 2024 | 11.26 | -4.5% |
| 2025 | 10.97 | -2.6% |
| 2026 | 10.56 | -3.8% |
| 2027 | 10.38 | -1.7% |
Biggest year-on-year movements
Years where LU3: Combined rate of unemployment and potential labour force in South America 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.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | +33.7% | 14.55 | 19.46 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 13.88 | 12.35 | 15.69 | 6 |
| 2010s | 12.46 | 10.34 | 14.55 | 10 |
| 2020s | 13.03 | 10.38 | 19.46 | 8 |
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 lu3: combined rate of unemployment and potential labour force in South America?
- Lu3: combined rate of unemployment and potential labour force in South America was 10.38 in 2027, according to International Labour Organization.
- What is the highest lu3: combined rate of unemployment and potential labour force recorded in South America?
- The highest recorded value was 19.46 in 2020.
- What is the lowest lu3: combined rate of unemployment and potential labour force recorded in South America?
- The lowest recorded value was 10.34 in 2014.
- How does South America rank for lu3: combined rate of unemployment and potential labour force?
- South America ranks 31st out of 87 groups with data for 2027.
- Is lu3: combined rate of unemployment and potential labour force rising or falling in South America?
- Over the last ten years it is down 27.2%. 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 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.