LU4: Composite rate of labour underutilization (current ILO) in Barbados
Barbados: LU4: Composite rate of labour underutilization (current ILO) was 12.58 in 2024. ▬ Flat
LU4: Composite rate of labour underutilization (current ILO) in Barbados, 2015–2024
Source: International Labour Organization.
Analysis
Barbados recorded 12.58 for lu4: composite rate of labour underutilization (current ilo) in 2024. That is the lowest value across all 9 years on record.
The figure is down 1.8% on the previous year and down 14.8% over ten years.
Over the whole period, lu4: composite rate of labour underutilization (current ilo) in Barbados peaked at 20.75 in 2021 and was at its lowest, 12.58, in 2024.
That places Barbados 27th out of 56 countries with data for 2024, putting it in the middle of the range.
LU4: Composite rate of labour underutilization (current ILO) in Barbados, year by year
| Year | Value | Change |
|---|---|---|
| 2015 | 14.77 | — |
| 2016 | 13.76 | -6.9% |
| 2017 | 13.71 | -0.3% |
| 2018 | 14.48 | +5.6% |
| 2019 | 14.89 | +2.9% |
| 2021 | 20.75 | +39.3% |
| 2022 | 14.93 | -28.1% |
| 2023 | 12.81 | -14.2% |
| 2024 | 12.58 | -1.8% |
Barbados compared with similar countries
- Barbados's 12.58 is above the median for high income countries, which is 12.04, 1.0× the median. (43 countries reporting)
- Barbados's 12.58 is below the median for Latin America & Caribbean, which is 13.89, 91% of the median. (8 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 14.32 | 13.71 | 14.89 | 5 |
| 2020s | 15.27 | 12.58 | 20.75 | 4 |
Countries ranked near Barbados
- 24 Estonia 13.06 compare
- 25 Switzerland 12.99 compare
- 26 New Zealand 12.78 compare
- 28 Netherlands 12.33 compare
- 29 Portugal 12.24 compare
- 30 United Kingdom 12.04 compare
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 lu4: composite rate of labour underutilization (current ilo) in Barbados?
- Lu4: composite rate of labour underutilization (current ilo) in Barbados was 12.58 in 2024, according to International Labour Organization.
- What is the highest lu4: composite rate of labour underutilization (current ilo) recorded in Barbados?
- The highest recorded value was 20.75 in 2021.
- What is the lowest lu4: composite rate of labour underutilization (current ilo) recorded in Barbados?
- The lowest recorded value was 12.58 in 2024.
- How does Barbados rank for lu4: composite rate of labour underutilization (current ilo)?
- Barbados ranks 27th out of 56 countries with data for 2024.
- Is lu4: composite rate of labour underutilization (current ilo) rising or falling in Barbados?
- Over the last ten years it is down 14.8%. The long-run trend across the full record is flat.
- Where does this Barbados data come from?
- The figures come from International Labour Organization, published as part of LU4: Composite rate of labour underutilization (current ILO definition - ICLS19) (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 includes only countries for which the 19th ICLS definitions are applied. 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 Work Statistics -- 19th ICLS (WORK) database description.