Potential labour force rate in CARICOM
CARICOM: Potential labour force rate was 12.73 in 2027. ▬ Flat
Potential labour force rate in CARICOM, 2004–2027
Source: International Labour Organization.
Analysis
CARICOM recorded 12.73 for potential labour force rate in 2027.
That represents a change of up 0.1% on the previous year and up 8.4% over ten years.
Over the whole period, potential labour force rate in CARICOM peaked at 13.78 in 2007 and was at its lowest, 11.35, in 2004.
CARICOM ranks 5th of 87 groups on this measure, in the top 10%.
Potential labour force rate in CARICOM, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 11.35 | — |
| 2005 | 12.13 | +6.9% |
| 2006 | 13.06 | +7.6% |
| 2007 | 13.78 | +5.6% |
| 2008 | 13.33 | -3.3% |
| 2009 | 12.88 | -3.4% |
| 2010 | 12.86 | -0.2% |
| 2011 | 12.28 | -4.5% |
| 2012 | 11.99 | -2.4% |
| 2013 | 11.69 | -2.6% |
| 2014 | 11.7 | +0.1% |
| 2015 | 11.59 | -0.9% |
| 2016 | 11.74 | +1.3% |
| 2017 | 11.75 | +0.1% |
| 2018 | 11.73 | -0.1% |
| 2019 | 11.75 | +0.2% |
| 2020 | 13.11 | +11.6% |
| 2021 | 13.06 | -0.4% |
| 2022 | 12.13 | -7.1% |
| 2023 | 12.16 | +0.2% |
| 2024 | 12.54 | +3.1% |
| 2025 | 12.65 | +0.9% |
| 2026 | 12.72 | +0.5% |
| 2027 | 12.73 | +0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 12.75 | 11.35 | 13.78 | 6 |
| 2010s | 11.91 | 11.59 | 12.86 | 10 |
| 2020s | 12.64 | 12.13 | 13.11 | 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)
- Labour force (ILO modelled estimates) (15+), annual growth rate 1.1 % change on previous year (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 1.41 % change on previous year (2027)
- Labour force participation rate (previous ILO definition - ICLS13) 63.66 (2027)
- NEET: Youth not in employment, education or training 736.57 (2027)
- NEET rate: Share of youth not in employment, education or training 21.82 (2027)
- Female labor force by age 156,348 (2024)
- Labor force participation rate by age 36.59 (2024)
Frequently asked questions
- What is potential labour force rate in CARICOM?
- Potential labour force rate in CARICOM was 12.73 in 2027, according to International Labour Organization.
- What is the highest potential labour force rate recorded in CARICOM?
- The highest recorded value was 13.78 in 2007.
- What is the lowest potential labour force rate recorded in CARICOM?
- The lowest recorded value was 11.35 in 2004.
- How does CARICOM rank for potential labour force rate?
- CARICOM ranks 5th out of 87 groups with data for 2027.
- Is potential labour force rate rising or falling in CARICOM?
- Over the last ten years it is up 8.4%. The long-run trend across the full record is flat.
- Where does this CARICOM data come from?
- The figures come from International Labour Organization, published as part of Potential labour force rate (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 rate is the potential labour force as a percent of the extended labour force. 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. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.