LU4: Composite rate of labour underutilization in Caribbean

Caribbean: LU4: Composite rate of labour underutilization was 20.39 in 2027. ▼ Falling

Latest (2027)
20.39
Change on year
down 0.1%
Rank
20th
of 87 groups
All-time high
23.59
in 2020
All-time low
20.15
in 2024
Years of data
23
2005–2027

LU4: Composite rate of labour underutilization in Caribbean, 2005–2027

05101520252005201620272005: 22.42006: 22.52007: 22.72008: 22.22009: 22.82010: 232011: 22.92012: 232013: 232014: 22.52015: 22.32016: 21.92017: 21.12018: 20.72019: 20.62020: 23.62021: 22.82022: 20.52023: 20.22024: 20.12025: 20.32026: 20.42027: 20.4

Source: International Labour Organization.

Analysis

In 2027, lu4: composite rate of labour underutilization in Caribbean stood at 20.39.

The figure is down 0.1% on the previous year and down 3.4% over ten years.

Over the whole period, lu4: composite rate of labour underutilization in Caribbean peaked at 23.59 in 2020 and was at its lowest, 20.15, in 2024.

That places Caribbean 20th out of 87 groups with data for 2027, putting it in the top quarter.

The long-run direction has been consistently falling across the 23 years of available data.

LU4: Composite rate of labour underutilization in Caribbean, year by year

Annual values for LU4: Composite rate of labour underutilization (ILO modelled estimates) in Caribbean, 2005 to 2027.
Year Value Change
2005 22.39
2006 22.46 +0.3%
2007 22.66 +0.9%
2008 22.19 -2.1%
2009 22.76 +2.6%
2010 22.97 +0.9%
2011 22.95 -0.1%
2012 22.97 +0.1%
2013 23 +0.1%
2014 22.51 -2.1%
2015 22.34 -0.7%
2016 21.93 -1.9%
2017 21.11 -3.7%
2018 20.67 -2.1%
2019 20.64 -0.2%
2020 23.59 +14.3%
2021 22.79 -3.4%
2022 20.55 -9.8%
2023 20.22 -1.6%
2024 20.15 -0.3%
2025 20.31 +0.8%
2026 20.41 +0.5%
2027 20.39 -0.1%

Averages by decade

DecadeAverage LowestHighest Years
2000s 22.49 22.19 22.76 5
2010s 22.11 20.64 23 10
2020s 21.05 20.15 23.59 8

More work & labour data for Caribbean

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Frequently asked questions

What is lu4: composite rate of labour underutilization in Caribbean?
Lu4: composite rate of labour underutilization in Caribbean was 20.39 in 2027, according to International Labour Organization.
What is the highest lu4: composite rate of labour underutilization recorded in Caribbean?
The highest recorded value was 23.59 in 2020.
What is the lowest lu4: composite rate of labour underutilization recorded in Caribbean?
The lowest recorded value was 20.15 in 2024.
How does Caribbean rank for lu4: composite rate of labour underutilization?
Caribbean ranks 20th out of 87 groups with data for 2027.
Is lu4: composite rate of labour underutilization rising or falling in Caribbean?
Over the last ten years it is down 3.4%. The long-run trend across the full record is falling.
Where does this Caribbean data come from?
The figures come from International Labour Organization, published as part of LU4: Composite rate of labour underutilization (ILO modelled estimates). Statizoid updates them automatically from the source API.

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LU4: Composite rate of labour underutilization in Caribbean. Statizoid, drawing on International Labour Organization. Retrieved 08 September 2026, from https://labour.statizoid.com/stat/lu4-composite-rate-of-labour-underutilization-ilo-modelled-estimates/caribbean/

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About this data

Indicator
LU4: Composite rate of labour underutilization (ILO modelled estimates)
Source
International Labour Organization
Licence
ILO Terms of Use (attribution required)
Coverage
87 places, 2,001 data points, 2005–2027
Last refreshed

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. 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 ILO Modelled Estimates (ILOEST) database description.