Potential labour force rate in Latin America and the Caribbean: High income
Latin America and the Caribbean: High income: Potential labour force rate was 5.81 in 2027. ▼ Falling
Potential labour force rate in Latin America and the Caribbean: High income, 2004–2027
Source: International Labour Organization.
Analysis
In 2027, potential labour force rate in Latin America and the Caribbean: High income stood at 5.81.
Compared with earlier readings it is down 8.7% over ten years.
Over the whole period, potential labour force rate in Latin America and the Caribbean: High income peaked at 11.17 in 2020 and was at its lowest, 5.8, in 2026.
That places Latin America and the Caribbean: High income 23rd 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 24 years of available data.
Potential labour force rate in Latin America and the Caribbean: High income, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 9.6 | — |
| 2005 | 9.3 | -3.1% |
| 2006 | 9.12 | -2.0% |
| 2007 | 8.63 | -5.3% |
| 2008 | 8.62 | -0.2% |
| 2009 | 9.12 | +5.8% |
| 2010 | 8.52 | -6.6% |
| 2011 | 7.76 | -8.9% |
| 2012 | 7.73 | -0.4% |
| 2013 | 7.83 | +1.3% |
| 2014 | 7.62 | -2.7% |
| 2015 | 7.51 | -1.4% |
| 2016 | 7.29 | -3.0% |
| 2017 | 6.36 | -12.8% |
| 2018 | 6.62 | +4.1% |
| 2019 | 6.38 | -3.6% |
| 2020 | 11.17 | +75.0% |
| 2021 | 7.56 | -32.3% |
| 2022 | 6.03 | -20.2% |
| 2023 | 6.08 | +0.8% |
| 2024 | 6.13 | +0.8% |
| 2025 | 5.81 | -5.2% |
| 2026 | 5.8 | -0.1% |
| 2027 | 5.81 | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9.06 | 8.62 | 9.6 | 6 |
| 2010s | 7.36 | 6.36 | 8.52 | 10 |
| 2020s | 6.8 | 5.8 | 11.17 | 8 |
More work & labour data for Latin America and the Caribbean: High income
- Labour force (ILO modelled estimates) 19,892 (2027)
- Labour force participation rate (ILO modelled estimates) 60.43 (2027)
- Persons outside the labour force (ILO modelled estimates) 13,027 (2027)
- Employment-to-population ratio (ILO modelled estimates) 55.51 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 0.8477 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate 0.8323 % change on previous year (2027)
- Employment 17,964 (2025)
- Employment (ILO modelled estimates) 17,964 (2025)
- Employment (ILO modelled estimates), annual growth rate 0.8494 % change on previous year (2025)
- Employment (ILO modelled estimates) (15+), annual growth rate 0.8494 % change on previous year (2025)
Frequently asked questions
- What is potential labour force rate in Latin America and the Caribbean: High income?
- Potential labour force rate in Latin America and the Caribbean: High income was 5.81 in 2027, according to International Labour Organization.
- What is the highest potential labour force rate recorded in Latin America and the Caribbean: High income?
- The highest recorded value was 11.17 in 2020.
- What is the lowest potential labour force rate recorded in Latin America and the Caribbean: High income?
- The lowest recorded value was 5.8 in 2026.
- How does Latin America and the Caribbean: High income rank for potential labour force rate?
- Latin America and the Caribbean: High income ranks 23rd out of 87 groups with data for 2027.
- Is potential labour force rate rising or falling in Latin America and the Caribbean: High income?
- Over the last ten years it is down 8.7%. The long-run trend across the full record is falling.
- Where does this Latin America and the Caribbean: High income 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.