LU4: Composite rate of labour underutilization in Latin America and the Caribbean: High income
Latin America and the Caribbean: High income: LU4: Composite rate of labour underutilization was 19.28 in 2027. ▼ Falling
LU4: Composite rate of labour underutilization in Latin America and the Caribbean: High income, 2005–2027
Source: International Labour Organization.
Analysis
Latin America and the Caribbean: High income recorded 19.28 for lu4: composite rate of labour underutilization in 2027.
The figure is up 0.2% on the previous year and down 11.5% over ten years.
Over the whole period, lu4: composite rate of labour underutilization in Latin America and the Caribbean: High income peaked at 29.66 in 2020 and was at its lowest, 19.22, in 2025.
That places Latin America and the Caribbean: High income 24th out of 87 groups with data for 2027, putting it in the middle of the range.
The long-run direction has been consistently falling across the 23 years of available data.
LU4: Composite rate of labour underutilization in Latin America and the Caribbean: High income, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 27.47 | — |
| 2006 | 26.4 | -3.9% |
| 2007 | 25.17 | -4.7% |
| 2008 | 25.41 | +1.0% |
| 2009 | 27.93 | +9.9% |
| 2010 | 25.64 | -8.2% |
| 2011 | 24.03 | -6.3% |
| 2012 | 23.52 | -2.1% |
| 2013 | 23.28 | -1.0% |
| 2014 | 23.18 | -0.4% |
| 2015 | 22.52 | -2.8% |
| 2016 | 22.53 | +0.0% |
| 2017 | 21.78 | -3.3% |
| 2018 | 22.39 | +2.8% |
| 2019 | 22.83 | +2.0% |
| 2020 | 29.66 | +29.9% |
| 2021 | 23.9 | -19.4% |
| 2022 | 19.91 | -16.7% |
| 2023 | 19.32 | -2.9% |
| 2024 | 19.4 | +0.4% |
| 2025 | 19.22 | -0.9% |
| 2026 | 19.23 | +0.1% |
| 2027 | 19.28 | +0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 26.48 | 25.17 | 27.93 | 5 |
| 2010s | 23.17 | 21.78 | 25.64 | 10 |
| 2020s | 21.24 | 19.22 | 29.66 | 8 |
More work & labour data for Latin America and the Caribbean: High income
- Labour force (ILO modelled estimates) 19,892 (2027)
- Labour force participation rate (ILO modelled estimates) 60.43 (2027)
- Persons outside the labour force (ILO modelled estimates) 13,027 (2027)
- Unemployment rate (ILO modelled estimates) 8.14 (2027)
- Labour dependency ratio 1.17 (2027)
- Output per worker, GDP constant 2021 international $ at PPP 76,690 (2027)
- Output per worker, GDP constant 2015 US $ 40,488 (2027)
- Employment-to-population ratio (ILO modelled estimates) 55.51 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 0.8477 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate 0.8323 % change on previous year (2027)
Frequently asked questions
- What is lu4: composite rate of labour underutilization in Latin America and the Caribbean: High income?
- Lu4: composite rate of labour underutilization in Latin America and the Caribbean: High income was 19.28 in 2027, according to International Labour Organization.
- What is the highest lu4: composite rate of labour underutilization recorded in Latin America and the Caribbean: High income?
- The highest recorded value was 29.66 in 2020.
- What is the lowest lu4: composite rate of labour underutilization recorded in Latin America and the Caribbean: High income?
- The lowest recorded value was 19.22 in 2025.
- How does Latin America and the Caribbean: High income rank for lu4: composite rate of labour underutilization?
- Latin America and the Caribbean: High income ranks 24th out of 87 groups with data for 2027.
- Is lu4: composite rate of labour underutilization rising or falling in Latin America and the Caribbean: High income?
- Over the last ten years it is down 11.5%. The long-run trend across the full record is falling.
- Where does this Latin America and the Caribbean: High income 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.