Potential labour force in CARICOM
CARICOM: Potential labour force was 1,331 in 2027. ▲ Rising
Potential labour force in CARICOM, 2004–2027
Source: International Labour Organization.
Analysis
The most recent figure for potential labour force in CARICOM is 1,331, measured in 2027. That is the highest value across all 24 years on record.
The figure is up 1.2% on the previous year and up 23.0% over ten years.
Over the whole period, potential labour force in CARICOM peaked at 1,331 in 2027 and was at its lowest, 814.04, in 2004.
That places CARICOM 78th out of 87 groups with data for 2027, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 24 years of available data.
Potential labour force in CARICOM, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 814.04 | — |
| 2005 | 898.63 | +10.4% |
| 2006 | 999.88 | +11.3% |
| 2007 | 1,087 | +8.7% |
| 2008 | 1,068 | -1.7% |
| 2009 | 1,042 | -2.5% |
| 2010 | 1,053 | +1.1% |
| 2011 | 1,016 | -3.5% |
| 2012 | 1,007 | -0.8% |
| 2013 | 999.81 | -0.7% |
| 2014 | 1,021 | +2.1% |
| 2015 | 1,034 | +1.3% |
| 2016 | 1,063 | +2.8% |
| 2017 | 1,082 | +1.8% |
| 2018 | 1,099 | +1.6% |
| 2019 | 1,119 | +1.8% |
| 2020 | 1,249 | +11.6% |
| 2021 | 1,274 | +2.0% |
| 2022 | 1,188 | -6.7% |
| 2023 | 1,212 | +2.0% |
| 2024 | 1,264 | +4.3% |
| 2025 | 1,292 | +2.3% |
| 2026 | 1,315 | +1.8% |
| 2027 | 1,331 | +1.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 984.93 | 814.04 | 1,087 | 6 |
| 2010s | 1,049 | 999.81 | 1,119 | 10 |
| 2020s | 1,266 | 1,188 | 1,331 | 8 |
More work & labour data for CARICOM
- Labour force (ILO modelled estimates) 9,122 (2027)
- Labour force participation rate (ILO modelled estimates) 63.66 (2027)
- Persons outside the labour force (ILO modelled estimates) 5,208 (2027)
- Output per worker, GDP constant 2015 US $ 16,073 (2027)
- Unemployment rate (ILO modelled estimates) 11.26 (2027)
- Labour dependency ratio 1.4 (2027)
- Output per worker, GDP constant 2021 international $ at PPP 31,291 (2027)
- Employment-to-population ratio (ILO modelled estimates) 56.49 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 1.41 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate 1.1 % change on previous year (2027)
Frequently asked questions
- What is potential labour force in CARICOM?
- Potential labour force in CARICOM was 1,331 in 2027, according to International Labour Organization.
- What is the highest potential labour force recorded in CARICOM?
- The highest recorded value was 1,331 in 2027.
- What is the lowest potential labour force recorded in CARICOM?
- The lowest recorded value was 814.04 in 2004.
- How does CARICOM rank for potential labour force?
- CARICOM ranks 78th out of 87 groups with data for 2027.
- Is potential labour force rising or falling in CARICOM?
- Over the last ten years it is up 23.0%. The long-run trend across the full record is rising.
- Where does this CARICOM data come from?
- The figures come from International Labour Organization, published as part of Potential labour force (ILO modelled estimates). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 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. The potential labour force refers to persons not in employment who express an interest in this form of work but for whom existing conditions limit their active job search and/or their availability. This group is used to calculate alternative measures of labour underutilization. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.