LU4: Composite rate of labour underutilization for persons ages 25 to in Vietnam
Vietnam: LU4: Composite rate of labour underutilization for persons ages 25 to was 2.52 in 2024. ▼ Falling
LU4: Composite rate of labour underutilization for persons ages 25 to in Vietnam, 2007–2024
Source: International Labour Organization.
Analysis
Vietnam recorded 2.52 for lu4: composite rate of labour underutilization for persons ages 25 to in 2024. That is the lowest value across all 9 years on record.
That represents a change of down 22.9% over ten years.
Over the whole period, lu4: composite rate of labour underutilization for persons ages 25 to in Vietnam peaked at 4.59 in 2007 and was at its lowest, 2.52, in 2024.
That places Vietnam 55th out of 56 countries with data for 2024, putting it in the bottom quarter.
LU4: Composite rate of labour underutilization for persons ages 25 to in Vietnam, year by year
| Year | Value | Change |
|---|---|---|
| 2007 | 4.59 | — |
| 2011 | 4.13 | -10.0% |
| 2012 | 3.58 | -13.2% |
| 2013 | 3.69 | +3.0% |
| 2014 | 3.26 | -11.6% |
| 2015 | 2.94 | -9.7% |
| 2016 | 2.58 | -12.4% |
| 2018 | 3.8 | +47.1% |
| 2024 | 2.52 | -33.7% |
Vietnam compared with similar countries
- Vietnam's 2.52 is below the median for upper middle income countries, which is 10.51, 24% of the median. (19 countries reporting)
- Vietnam's 2.52 is below the median for East Asia & Pacific, which is 2.67, 94% of the median. (5 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.59 | 4.59 | 4.59 | 1 |
| 2010s | 3.43 | 2.58 | 4.13 | 7 |
| 2020s | 2.52 | 2.52 | 2.52 | 1 |
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 for persons ages 25 to in Vietnam?
- Lu4: composite rate of labour underutilization for persons ages 25 to in Vietnam was 2.52 in 2024, according to International Labour Organization.
- What is the highest lu4: composite rate of labour underutilization for persons ages 25 to recorded in Vietnam?
- The highest recorded value was 4.59 in 2007.
- What is the lowest lu4: composite rate of labour underutilization for persons ages 25 to recorded in Vietnam?
- The lowest recorded value was 2.52 in 2024.
- How does Vietnam rank for lu4: composite rate of labour underutilization for persons ages 25 to?
- Vietnam ranks 55th out of 56 countries with data for 2024.
- Is lu4: composite rate of labour underutilization for persons ages 25 to rising or falling in Vietnam?
- Over the last ten years it is down 22.9%. The long-run trend across the full record is falling.
- Where does this Vietnam data come from?
- The figures come from International Labour Organization, published as part of LU4: Composite rate of labour underutilization for persons ages 25 to 54 (previous ILO definition - ICLS13). 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, in this case for persons of prime age (i.e., persons ages 25 to 54), that are in unemployment, time-related underemployment or the potential labour force. For more information, refer to the Gender Equality and Non-Discrimination Indicators (GEND) database description.