LU4: Composite rate of labour underutilization (previous ILO) in Vietnam
Vietnam: LU4: Composite rate of labour underutilization (previous ILO) was 3.23 in 2024. ▼ Falling
LU4: Composite rate of labour underutilization (previous ILO) in Vietnam, 2010–2024
Source: International Labour Organization.
Analysis
In 2024, lu4: composite rate of labour underutilization (previous ilo) in Vietnam stood at 3.23. That is the lowest value across all 15 years on record.
Compared with earlier readings it is down 9.0% on the previous year and down 23.2% over ten years.
Over the whole period, lu4: composite rate of labour underutilization (previous ilo) in Vietnam peaked at 8.31 in 2018 and was at its lowest, 3.23, in 2024.
That places Vietnam 73rd out of 75 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 15 years of available data.
LU4: Composite rate of labour underutilization (previous ILO) in Vietnam, year by year
| Year | Value | Change |
|---|---|---|
| 2010 | 6.14 | — |
| 2011 | 4.83 | -21.4% |
| 2012 | 4.36 | -9.7% |
| 2013 | 4.67 | +7.2% |
| 2014 | 4.21 | -9.9% |
| 2015 | 4.37 | +3.7% |
| 2016 | 4.02 | -7.9% |
| 2017 | 3.97 | -1.2% |
| 2018 | 8.31 | +109.2% |
| 2019 | 3.29 | -60.4% |
| 2020 | 4.6 | +40.0% |
| 2021 | 5.85 | +27.1% |
| 2022 | 3.82 | -34.6% |
| 2023 | 3.56 | -7.0% |
| 2024 | 3.23 | -9.0% |
Vietnam compared with similar countries
- Vietnam's 3.23 is below the median for upper middle income countries, which is 13.16, 25% of the median. (23 countries reporting)
- Vietnam's 3.23 is below the median for East Asia & Pacific, which is 7.01, 46% of the median. (7 countries reporting)
Biggest year-on-year movements
Years where LU4: Composite rate of labour underutilization (previous ILO) in Vietnam 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 |
|---|---|---|---|
| 2018 | +109.2% | 3.97 | 8.31 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.82 | 3.29 | 8.31 | 10 |
| 2020s | 4.21 | 3.23 | 5.85 | 5 |
Countries ranked near Vietnam
More work & labour data for Vietnam
- Persons outside the labour force (ILO modelled estimates) 22,535 (2027)
- Labour force participation rate (ILO modelled estimates) 71.95 (2027)
- Labour force (ILO modelled estimates) 57,816 (2027)
- Unemployment rate (ILO modelled estimates) 1.61 (2027)
- Labour dependency ratio 0.806 (2027)
- Output per worker, GDP constant 2021 international $ at PPP 30,426 (2027)
- Output per worker, GDP constant 2015 US $ 8,480 (2027)
- Employment-to-population ratio (ILO modelled estimates) 70.79 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 3.1 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate 0.7361 % change on previous year (2027)
Frequently asked questions
- What is lu4: composite rate of labour underutilization (previous ilo) in Vietnam?
- Lu4: composite rate of labour underutilization (previous ilo) in Vietnam was 3.23 in 2024, according to International Labour Organization.
- What is the highest lu4: composite rate of labour underutilization (previous ilo) recorded in Vietnam?
- The highest recorded value was 8.31 in 2018.
- What is the lowest lu4: composite rate of labour underutilization (previous ilo) recorded in Vietnam?
- The lowest recorded value was 3.23 in 2024.
- How does Vietnam rank for lu4: composite rate of labour underutilization (previous ilo)?
- Vietnam ranks 73rd out of 75 countries with data for 2024.
- Is lu4: composite rate of labour underutilization (previous ilo) rising or falling in Vietnam?
- Over the last ten years it is down 23.2%. The long-run trend across the full record is falling.
- Where does this Vietnam data come from?
- The figures come from International Labour Organization, published as part of LU4: Composite rate of labour underutilization (previous ILO definition - ICLS13) (15+). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under ILO Terms of Use (attribution required).
About this data
With the aim of promoting international comparability, statistics presented on ILOSTAT are based on standard international definitions wherever feasible and may differ from official national figures. This series is based on the 13th ICLS definitions. For time series comparability, it includes countries that have implemented the 19th ICLS standards, for which data are also available in the Work Statistics -- 19th ICLS (WORK) database. LU4 represents the share of the extended labour force that are in unemployment, time-related underemployment or the potential labour force. Data disaggregated by level of education are provided on the highest level of education completed, classified according to the International Standard Classification of Education (ISCED). Data may have been regrouped from national classifications, which may not be strictly compatible with ISCED. For more information, refer to the Education and Mismatch Indicators (EMI) database description.