LU4: Composite rate of labour underutilization (current ILO) in Vietnam
Vietnam: LU4: Composite rate of labour underutilization (current ILO) was 4.05 in 2024. ▼ Falling
LU4: Composite rate of labour underutilization (current ILO) in Vietnam, 2020–2024
Source: International Labour Organization.
Analysis
The most recent figure for lu4: composite rate of labour underutilization (current ilo) in Vietnam is 4.05, measured in 2024. That is the lowest value across all 5 years on record.
Compared with earlier readings it is down 5.6% on the previous year and down 17.0% over five years.
That places Vietnam 55th out of 56 countries with data for 2024, putting it in the bottom quarter.
LU4: Composite rate of labour underutilization (current ILO) in Vietnam, year by year
| Year | Value | Change |
|---|---|---|
| 2020 | 4.89 | — |
| 2021 | 6.69 | +36.9% |
| 2022 | 4.56 | -31.9% |
| 2023 | 4.29 | -5.8% |
| 2024 | 4.05 | -5.6% |
Vietnam compared with similar countries
- Vietnam's 4.05 is below the median for upper middle income countries, which is 12.36, 33% of the median. (8 countries reporting)
- Vietnam's 4.05 is below the median for East Asia & Pacific, which is 7.58, 53% of the median. (7 countries reporting)
Countries ranked near Vietnam
More work & labour data for Vietnam
- Persons outside the labour force (ILO modelled estimates) 22,535 (2027)
- Labour force participation rate (ILO modelled estimates) 71.95 (2027)
- Labour force (ILO modelled estimates) 57,816 (2027)
- Unemployment rate (ILO modelled estimates) 1.61 (2027)
- Labour dependency ratio 0.806 (2027)
- Output per worker, GDP constant 2021 international $ at PPP 30,426 (2027)
- Output per worker, GDP constant 2015 US $ 8,480 (2027)
- Employment-to-population ratio (ILO modelled estimates) 70.79 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 3.1 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate 0.7361 % change on previous year (2027)
Frequently asked questions
- What is lu4: composite rate of labour underutilization (current ilo) in Vietnam?
- Lu4: composite rate of labour underutilization (current ilo) in Vietnam was 4.05 in 2024, according to International Labour Organization.
- What is the highest lu4: composite rate of labour underutilization (current ilo) recorded in Vietnam?
- The highest recorded value was 6.69 in 2021.
- What is the lowest lu4: composite rate of labour underutilization (current ilo) recorded in Vietnam?
- The lowest recorded value was 4.05 in 2024.
- How does Vietnam rank for lu4: composite rate of labour underutilization (current ilo)?
- Vietnam ranks 55th out of 56 countries with data for 2024.
- Where does this Vietnam 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.
Download this data
CSV · JSON — 5 observations, free to reuse under ILO Terms of Use (attribution required).
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.