LU4: Composite rate of labour underutilization (ILO) … modelled in World: High income
World: High income: LU4: Composite rate of labour underutilization (ILO) … modelled was 8.94 in 2027. ▼ Falling
LU4: Composite rate of labour underutilization in World: High income, 2005–2027
Source: International Labour Organization.
Analysis
The most recent figure for lu4: composite rate of labour underutilization in World: High income is 8.94, measured in 2027.
That represents a change of down 0.6% on the previous year and down 20.0% over ten years.
Over the whole period, lu4: composite rate of labour underutilization in World: High income peaked at 14.49 in 2010 and was at its lowest, 8.88, in 2023.
That places World: High income 72nd out of 87 groups with data for 2027, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 23 years of available data.
LU4: Composite rate of labour underutilization (ILO) … modelled in World: High income, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 12.33 | — |
| 2006 | 11.8 | -4.2% |
| 2007 | 11.16 | -5.5% |
| 2008 | 11.73 | +5.2% |
| 2009 | 14.47 | +23.4% |
| 2010 | 14.49 | +0.1% |
| 2011 | 13.96 | -3.7% |
| 2012 | 13.91 | -0.4% |
| 2013 | 13.95 | +0.3% |
| 2014 | 13.29 | -4.7% |
| 2015 | 12.64 | -4.8% |
| 2016 | 11.96 | -5.4% |
| 2017 | 11.17 | -6.6% |
| 2018 | 10.31 | -7.7% |
| 2019 | 9.91 | -3.9% |
| 2020 | 12.94 | +30.6% |
| 2021 | 11.08 | -14.4% |
| 2022 | 9.33 | -15.8% |
| 2023 | 8.88 | -4.8% |
| 2024 | 8.89 | +0.1% |
| 2025 | 8.91 | +0.2% |
| 2026 | 8.99 | +0.8% |
| 2027 | 8.94 | -0.6% |
Biggest year-on-year movements
Years where LU4: Composite rate of labour underutilization (ILO) … modelled in World: High income changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | +30.6% | 9.91 | 12.94 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 12.3 | 11.16 | 14.47 | 5 |
| 2010s | 12.56 | 9.91 | 14.49 | 10 |
| 2020s | 9.75 | 8.88 | 12.94 | 8 |
More work & labour data for World: High income
- Labour force (ILO modelled estimates) 733,222 (2027)
- Labour force participation rate (ILO modelled estimates) 60.52 (2027)
- Persons outside the labour force (ILO modelled estimates) 478,257 (2027)
- Unemployment rate (ILO modelled estimates) 4.41 (2027)
- Labour dependency ratio 1.03 (2027)
- Output per worker, GDP constant 2021 international $ at PPP 123,874 (2027)
- Output per worker, GDP constant 2015 US $ 89,163 (2027)
- Employment-to-population ratio (ILO modelled estimates) 57.85 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 1.01 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate -0.0093 % change on previous year (2027)
Frequently asked questions
- What is lu4: composite rate of labour underutilization in World: High income?
- Lu4: composite rate of labour underutilization in World: High income was 8.94 in 2027, according to International Labour Organization.
- What is the highest lu4: composite rate of labour underutilization recorded in World: High income?
- The highest recorded value was 14.49 in 2010.
- What is the lowest lu4: composite rate of labour underutilization recorded in World: High income?
- The lowest recorded value was 8.88 in 2023.
- How does World: High income rank for lu4: composite rate of labour underutilization?
- World: High income ranks 72nd out of 87 groups with data for 2027.
- Is lu4: composite rate of labour underutilization rising or falling in World: High income?
- Over the last ten years it is down 20.0%. The long-run trend across the full record is falling.
- Where does this World: 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.