LU4: Composite rate of labour underutilization in CARICOM
CARICOM: LU4: Composite rate of labour underutilization was 29.75 in 2027. ▬ Flat
LU4: Composite rate of labour underutilization in CARICOM, 2005–2027
Source: International Labour Organization.
Analysis
CARICOM recorded 29.75 for lu4: composite rate of labour underutilization in 2027.
Compared with earlier readings it is up 0.1% on the previous year and up 1.8% over ten years.
Over the whole period, lu4: composite rate of labour underutilization in CARICOM peaked at 31.93 in 2020 and was at its lowest, 28.75, in 2023.
That places CARICOM 6th out of 87 groups with data for 2027, putting it in the top 10%.
LU4: Composite rate of labour underutilization in CARICOM, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 29.76 | — |
| 2006 | 30.91 | +3.8% |
| 2007 | 31.9 | +3.2% |
| 2008 | 31.22 | -2.2% |
| 2009 | 30.99 | -0.7% |
| 2010 | 30.89 | -0.3% |
| 2011 | 30.11 | -2.5% |
| 2012 | 29.83 | -0.9% |
| 2013 | 29.51 | -1.1% |
| 2014 | 29.43 | -0.3% |
| 2015 | 29.18 | -0.8% |
| 2016 | 29.48 | +1.0% |
| 2017 | 29.23 | -0.8% |
| 2018 | 29 | -0.8% |
| 2019 | 28.81 | -0.7% |
| 2020 | 31.93 | +10.8% |
| 2021 | 31.08 | -2.7% |
| 2022 | 29.23 | -5.9% |
| 2023 | 28.75 | -1.6% |
| 2024 | 29.18 | +1.5% |
| 2025 | 29.52 | +1.2% |
| 2026 | 29.73 | +0.7% |
| 2027 | 29.75 | +0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 30.96 | 29.76 | 31.9 | 5 |
| 2010s | 29.55 | 28.81 | 30.89 | 10 |
| 2020s | 29.9 | 28.75 | 31.93 | 8 |
More work & labour data for CARICOM
- Persons outside the labour force (ILO modelled estimates) 5,208 (2027)
- Labour force (ILO modelled estimates) 9,122 (2027)
- Labour force participation rate (ILO modelled estimates) 63.66 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 1.41 % change on previous year (2027)
- Output per worker, GDP constant 2015 US $ 16,073 (2027)
- Employment-to-population ratio (ILO modelled estimates) 56.49 (2027)
- Output per worker, GDP constant 2021 international $ at PPP 31,291 (2027)
- Labour dependency ratio 1.4 (2027)
- Unemployment rate (ILO modelled estimates) 11.26 (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate 1.1 % change on previous year (2027)
Frequently asked questions
- What is lu4: composite rate of labour underutilization in CARICOM?
- Lu4: composite rate of labour underutilization in CARICOM was 29.75 in 2027, according to International Labour Organization.
- What is the highest lu4: composite rate of labour underutilization recorded in CARICOM?
- The highest recorded value was 31.93 in 2020.
- What is the lowest lu4: composite rate of labour underutilization recorded in CARICOM?
- The lowest recorded value was 28.75 in 2023.
- How does CARICOM rank for lu4: composite rate of labour underutilization?
- CARICOM ranks 6th out of 87 groups with data for 2027.
- Is lu4: composite rate of labour underutilization rising or falling in CARICOM?
- Over the last ten years it is up 1.8%. The long-run trend across the full record is flat.
- Where does this CARICOM 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.
Download this data
CSV · JSON — 23 observations, free to reuse under ILO Terms of Use (attribution required).
About this data
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.