LU4: Composite rate of labour underutilization in Latin America and the Caribbean: Lower-middle income
Latin America and the Caribbean: Lower-middle income: LU4: Composite rate of labour underutilization was 23.66 in 2027. ▬ Flat
LU4: Composite rate of labour underutilization in Latin America and the Caribbean: Lower-middle income, 2005–2027
Source: International Labour Organization.
Analysis
In 2027, lu4: composite rate of labour underutilization in Latin America and the Caribbean: Lower-middle income stood at 23.66. That is the lowest value across all 23 years on record.
That represents a change of down 0.2% on the previous year and down 6.1% over ten years.
Over the whole period, lu4: composite rate of labour underutilization in Latin America and the Caribbean: Lower-middle income peaked at 32.21 in 2020 and was at its lowest, 23.66, in 2027.
Latin America and the Caribbean: Lower-middle income ranks 9th of 87 groups on this measure, in the top 10%.
LU4: Composite rate of labour underutilization in Latin America and the Caribbean: Lower-middle income, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 26.43 | — |
| 2006 | 25.87 | -2.1% |
| 2007 | 26.41 | +2.1% |
| 2008 | 25.42 | -3.7% |
| 2009 | 25.53 | +0.4% |
| 2010 | 25.86 | +1.3% |
| 2011 | 25.55 | -1.2% |
| 2012 | 24.88 | -2.6% |
| 2013 | 25.42 | +2.2% |
| 2014 | 25.83 | +1.6% |
| 2015 | 26.37 | +2.1% |
| 2016 | 25.93 | -1.7% |
| 2017 | 25.19 | -2.9% |
| 2018 | 26.43 | +5.0% |
| 2019 | 25.27 | -4.4% |
| 2020 | 32.21 | +27.4% |
| 2021 | 28.71 | -10.8% |
| 2022 | 25.85 | -10.0% |
| 2023 | 24.51 | -5.2% |
| 2024 | 23.69 | -3.3% |
| 2025 | 23.73 | +0.2% |
| 2026 | 23.72 | -0.1% |
| 2027 | 23.66 | -0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 25.93 | 25.42 | 26.43 | 5 |
| 2010s | 25.67 | 24.88 | 26.43 | 10 |
| 2020s | 25.76 | 23.66 | 32.21 | 8 |
More work & labour data for Latin America and the Caribbean: Lower-middle income
- Labour force (ILO modelled estimates) 20,680 (2027)
- Labour force participation rate (ILO modelled estimates) 66.85 (2027)
- Persons outside the labour force (ILO modelled estimates) 10,255 (2027)
- Unemployment rate (ILO modelled estimates) 6.79 (2027)
- Labour dependency ratio 1.26 (2027)
- Output per worker, GDP constant 2021 international $ at PPP 15,281 (2027)
- Output per worker, GDP constant 2015 US $ 5,320 (2027)
- Employment-to-population ratio (ILO modelled estimates) 62.31 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 1.74 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate 1.88 % change on previous year (2027)
All data for Latin America and the Caribbean: Lower-middle income →
Frequently asked questions
- What is lu4: composite rate of labour underutilization in Latin America and the Caribbean: Lower-middle income?
- Lu4: composite rate of labour underutilization in Latin America and the Caribbean: Lower-middle income was 23.66 in 2027, according to International Labour Organization.
- What is the highest lu4: composite rate of labour underutilization recorded in Latin America and the Caribbean: Lower-middle income?
- The highest recorded value was 32.21 in 2020.
- What is the lowest lu4: composite rate of labour underutilization recorded in Latin America and the Caribbean: Lower-middle income?
- The lowest recorded value was 23.66 in 2027.
- How does Latin America and the Caribbean: Lower-middle income rank for lu4: composite rate of labour underutilization?
- Latin America and the Caribbean: Lower-middle income ranks 9th out of 87 groups with data for 2027.
- Is lu4: composite rate of labour underutilization rising or falling in Latin America and the Caribbean: Lower-middle income?
- Over the last ten years it is down 6.1%. The long-run trend across the full record is flat.
- Where does this Latin America and the Caribbean: Lower-middle 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.