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
In 2024, lu3: combined rate of unemployment and potential labour force in Barbados stood at 6.79. That is the lowest value across all 9 years on record.
That represents a change of 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 58th of 89 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 7.45, 91% of the median. (46 countries reporting)
- Barbados's 6.79 is below the median for Latin America & Caribbean, which is 9.19, 74% of the median. (15 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 58th out of 89 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 (previous ILO definition - ICLS13) (15+). Statizoid updates them automatically from the source API.
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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 is based on the 13th ICLS definitions. For time series comparability, it includes countries that have implemented the 19th ICLS standards, for which data are also available in the Work Statistics -- 19th ICLS (WORK) database. LU3 represents the share of the extended labour force that are in unemployment or the potential labour force. Data disaggregated by level of education are provided on the highest level of education completed, classified according to the International Standard Classification of Education (ISCED). Data may have been regrouped from national classifications, which may not be strictly compatible with ISCED. For more information, refer to the Education and Mismatch Indicators (EMI) database description.