LU4: Composite measure of labour underutilization in CARICOM
CARICOM: LU4: Composite measure of labour underutilization was 3,110 in 2027. ▲ Rising
LU4: Composite measure of labour underutilization in CARICOM, 2005–2027
Source: International Labour Organization.
Analysis
In 2027, lu4: composite measure of labour underutilization in CARICOM stood at 3,110. That is the highest value across all 23 years on record.
Compared with earlier readings it is up 1.2% on the previous year and up 15.5% over ten years.
Over the whole period, lu4: composite measure of labour underutilization in CARICOM peaked at 3,110 in 2027 and was at its lowest, 2,205, in 2005.
CARICOM ranks 80th of 87 groups on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 23 years of available data.
LU4: Composite measure of labour underutilization in CARICOM, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 2,205 | — |
| 2006 | 2,366 | +7.3% |
| 2007 | 2,516 | +6.3% |
| 2008 | 2,502 | -0.6% |
| 2009 | 2,507 | +0.2% |
| 2010 | 2,530 | +0.9% |
| 2011 | 2,490 | -1.6% |
| 2012 | 2,506 | +0.6% |
| 2013 | 2,525 | +0.8% |
| 2014 | 2,568 | +1.7% |
| 2015 | 2,603 | +1.4% |
| 2016 | 2,670 | +2.5% |
| 2017 | 2,692 | +0.9% |
| 2018 | 2,717 | +0.9% |
| 2019 | 2,742 | +0.9% |
| 2020 | 3,041 | +10.9% |
| 2021 | 3,029 | -0.4% |
| 2022 | 2,863 | -5.5% |
| 2023 | 2,865 | +0.0% |
| 2024 | 2,939 | +2.6% |
| 2025 | 3,015 | +2.6% |
| 2026 | 3,073 | +1.9% |
| 2027 | 3,110 | +1.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2,419 | 2,205 | 2,516 | 5 |
| 2010s | 2,604 | 2,490 | 2,742 | 10 |
| 2020s | 2,992 | 2,863 | 3,110 | 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 lu4: composite measure of labour underutilization in CARICOM?
- Lu4: composite measure of labour underutilization in CARICOM was 3,110 in 2027, according to International Labour Organization.
- What is the highest lu4: composite measure of labour underutilization recorded in CARICOM?
- The highest recorded value was 3,110 in 2027.
- What is the lowest lu4: composite measure of labour underutilization recorded in CARICOM?
- The lowest recorded value was 2,205 in 2005.
- How does CARICOM rank for lu4: composite measure of labour underutilization?
- CARICOM ranks 80th out of 87 groups with data for 2027.
- Is lu4: composite measure of labour underutilization rising or falling in CARICOM?
- Over the last ten years it is up 15.5%. The long-run trend across the full record is rising.
- Where does this CARICOM data come from?
- The figures come from International Labour Organization, published as part of LU4: Composite measure of labour underutilization (ILO modelled estimates). Statizoid updates them automatically from the source API.
Download this data
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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. The composite measure of labour underutilization includes persons who are in unemployment, time-related underemployment or the potential labour force. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.