LU4: Composite rate of labour underutilization in Latin America and the Caribbean
Latin America and the Caribbean: LU4: Composite rate of labour underutilization was 16.16 in 2027. ▼ Falling
LU4: Composite rate of labour underutilization in Latin America and the Caribbean, 2005–2027
Source: International Labour Organization.
Analysis
The most recent figure for lu4: composite rate of labour underutilization in Latin America and the Caribbean is 16.16, measured in 2027. That is the lowest value across all 23 years on record.
The figure is down 0.8% on the previous year and down 18.7% over ten years.
Over the whole period, lu4: composite rate of labour underutilization in Latin America and the Caribbean peaked at 24.98 in 2020 and was at its lowest, 16.16, in 2027.
That places Latin America and the Caribbean 33rd 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, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 21 | — |
| 2006 | 19.89 | -5.3% |
| 2007 | 19.12 | -3.9% |
| 2008 | 18.39 | -3.8% |
| 2009 | 19.81 | +7.7% |
| 2010 | 19.14 | -3.4% |
| 2011 | 18.34 | -4.2% |
| 2012 | 18.19 | -0.8% |
| 2013 | 17.53 | -3.6% |
| 2014 | 17.02 | -2.9% |
| 2015 | 17.63 | +3.6% |
| 2016 | 19.09 | +8.3% |
| 2017 | 19.88 | +4.1% |
| 2018 | 20.15 | +1.4% |
| 2019 | 20.45 | +1.5% |
| 2020 | 24.98 | +22.1% |
| 2021 | 22.58 | -9.6% |
| 2022 | 18.82 | -16.7% |
| 2023 | 17.21 | -8.5% |
| 2024 | 16.76 | -2.6% |
| 2025 | 16.56 | -1.2% |
| 2026 | 16.3 | -1.6% |
| 2027 | 16.16 | -0.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 19.65 | 18.39 | 21 | 5 |
| 2010s | 18.74 | 17.02 | 20.45 | 10 |
| 2020s | 18.67 | 16.16 | 24.98 | 8 |
More work & labour data for Latin America and the Caribbean
- Labour force (ILO modelled estimates) 331,299 (2027)
- Labour force participation rate (ILO modelled estimates) 62.53 (2027)
- Persons outside the labour force (ILO modelled estimates) 198,545 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 1.34 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate 0.9209 % change on previous year (2027)
- Output per worker, GDP constant 2021 international $ at PPP 44,022 (2027)
- Unemployment rate (ILO modelled estimates) 5.1 (2027)
- Labour dependency ratio 1.15 (2027)
- Employment-to-population ratio (ILO modelled estimates) 59.34 (2027)
- Output per worker, GDP constant 2015 US $ 20,218 (2027)
Frequently asked questions
- What is lu4: composite rate of labour underutilization in Latin America and the Caribbean?
- Lu4: composite rate of labour underutilization in Latin America and the Caribbean was 16.16 in 2027, according to International Labour Organization.
- What is the highest lu4: composite rate of labour underutilization recorded in Latin America and the Caribbean?
- The highest recorded value was 24.98 in 2020.
- What is the lowest lu4: composite rate of labour underutilization recorded in Latin America and the Caribbean?
- The lowest recorded value was 16.16 in 2027.
- How does Latin America and the Caribbean rank for lu4: composite rate of labour underutilization?
- Latin America and the Caribbean ranks 33rd out of 87 groups with data for 2027.
- Is lu4: composite rate of labour underutilization rising or falling in Latin America and the Caribbean?
- Over the last ten years it is down 18.7%. The long-run trend across the full record is falling.
- Where does this Latin America and the 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.
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.