LU4: Composite measure of labour underutilization in Latin America and the Caribbean
Latin America and the Caribbean: LU4: Composite measure of labour underutilization was 56,327 in 2027. ▲ Rising
LU4: Composite measure of labour underutilization in Latin America and the Caribbean, 2005–2027
Source: International Labour Organization.
Analysis
The most recent figure for lu4: composite measure of labour underutilization in Latin America and the Caribbean is 56,327, measured in 2027.
Compared with earlier readings it is down 10.5% over ten years.
Over the whole period, lu4: composite measure of labour underutilization in Latin America and the Caribbean peaked at 79,000 in 2020 and was at its lowest, 51,202, in 2014.
That places Latin America and the Caribbean 25th out of 87 groups with data for 2027, putting it in the middle of the range.
The long-run direction has been consistently rising across the 23 years of available data.
LU4: Composite measure of labour underutilization in Latin America and the Caribbean, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 55,814 | — |
| 2006 | 53,864 | -3.5% |
| 2007 | 52,494 | -2.5% |
| 2008 | 51,233 | -2.4% |
| 2009 | 56,462 | +10.2% |
| 2010 | 55,010 | -2.6% |
| 2011 | 53,207 | -3.3% |
| 2012 | 53,726 | +1.0% |
| 2013 | 52,245 | -2.8% |
| 2014 | 51,202 | -2.0% |
| 2015 | 53,929 | +5.3% |
| 2016 | 59,383 | +10.1% |
| 2017 | 62,912 | +5.9% |
| 2018 | 64,793 | +3.0% |
| 2019 | 66,756 | +3.0% |
| 2020 | 79,000 | +18.3% |
| 2021 | 73,912 | -6.4% |
| 2022 | 62,399 | -15.6% |
| 2023 | 57,434 | -8.0% |
| 2024 | 56,690 | -1.3% |
| 2025 | 56,710 | +0.0% |
| 2026 | 56,305 | -0.7% |
| 2027 | 56,327 | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 53,974 | 51,233 | 56,462 | 5 |
| 2010s | 57,316 | 51,202 | 66,756 | 10 |
| 2020s | 62,347 | 56,305 | 79,000 | 8 |
Countries ranked near Latin America and the Caribbean
More work & labour data for Latin America and the Caribbean
- Labour force (ILO modelled estimates) 331,299 (2027)
- Labour force participation rate (ILO modelled estimates) 62.53 (2027)
- Persons outside the labour force (ILO modelled estimates) 198,545 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 1.34 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate 0.9209 % change on previous year (2027)
- Output per worker, GDP constant 2021 international $ at PPP 44,022 (2027)
- Unemployment rate (ILO modelled estimates) 5.1 (2027)
- Labour dependency ratio 1.15 (2027)
- Employment-to-population ratio (ILO modelled estimates) 59.34 (2027)
- Output per worker, GDP constant 2015 US $ 20,218 (2027)
Frequently asked questions
- What is lu4: composite measure of labour underutilization in Latin America and the Caribbean?
- Lu4: composite measure of labour underutilization in Latin America and the Caribbean was 56,327 in 2027, according to International Labour Organization.
- What is the highest lu4: composite measure of labour underutilization recorded in Latin America and the Caribbean?
- The highest recorded value was 79,000 in 2020.
- What is the lowest lu4: composite measure of labour underutilization recorded in Latin America and the Caribbean?
- The lowest recorded value was 51,202 in 2014.
- How does Latin America and the Caribbean rank for lu4: composite measure of labour underutilization?
- Latin America and the Caribbean ranks 25th out of 87 groups with data for 2027.
- Is lu4: composite measure of labour underutilization rising or falling in Latin America and the Caribbean?
- Over the last ten years it is down 10.5%. The long-run trend across the full record is rising.
- Where does this Latin America and the Caribbean data come from?
- The figures come from International Labour Organization, published as part of LU4: Composite measure of labour underutilization. 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. LU4 represents the share of the extended labour force that are in unemployment, time-related underemployment or the potential labour force. For more information, refer to the Labour Force Statistics (LFS and STLFS) database description.