Potential labour force rate in Latin America and the Caribbean
Latin America and the Caribbean: Potential labour force rate was 4.97 in 2027. ▼ Falling
Potential labour force rate in Latin America and the Caribbean, 2004–2027
Source: International Labour Organization.
Analysis
Latin America and the Caribbean recorded 4.97 for potential labour force rate in 2027.
That represents a change of down 0.6% on the previous year and down 5.1% over ten years.
Over the whole period, potential labour force rate in Latin America and the Caribbean peaked at 7.75 in 2020 and was at its lowest, 4.71, in 2014.
Latin America and the Caribbean ranks 31st of 87 groups on this measure, 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, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 5.98 | — |
| 2005 | 5.84 | -2.4% |
| 2006 | 5.59 | -4.2% |
| 2007 | 5.38 | -3.8% |
| 2008 | 5.23 | -2.7% |
| 2009 | 5.43 | +3.7% |
| 2010 | 5.36 | -1.3% |
| 2011 | 5.18 | -3.2% |
| 2012 | 5.12 | -1.2% |
| 2013 | 4.87 | -4.9% |
| 2014 | 4.71 | -3.4% |
| 2015 | 4.72 | +0.3% |
| 2016 | 5.07 | +7.4% |
| 2017 | 5.23 | +3.2% |
| 2018 | 5.38 | +2.8% |
| 2019 | 5.37 | -0.1% |
| 2020 | 7.75 | +44.2% |
| 2021 | 6.31 | -18.6% |
| 2022 | 5.32 | -15.6% |
| 2023 | 4.91 | -7.8% |
| 2024 | 4.84 | -1.3% |
| 2025 | 5.05 | +4.4% |
| 2026 | 5 | -1.1% |
| 2027 | 4.97 | -0.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.58 | 5.23 | 5.98 | 6 |
| 2010s | 5.1 | 4.71 | 5.38 | 10 |
| 2020s | 5.52 | 4.84 | 7.75 | 8 |
More work & labour data for Latin America and the Caribbean
- Labour force (ILO modelled estimates) 331,299 (2027)
- Persons outside the labour force (ILO modelled estimates) 198,545 (2027)
- Labour force participation rate (ILO modelled estimates) 62.53 (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate 0.9209 % change on previous year (2027)
- Labour force participation rate (previous ILO definition - ICLS13) 62.53 (2027)
- NEET: Youth not in employment, education or training 20,180 (2027)
- NEET rate: Share of youth not in employment, education or training 19.39 (2027)
- Africa's Development Dynamics (AfDD) Table 32 - Employment by 17,044 Persons (2022)
- Africa's Development Dynamics (AfDD) Table 32 - Employment by 14,653 Persons (2022)
- Employment 307,384 (2025)
Frequently asked questions
- What is potential labour force rate in Latin America and the Caribbean?
- Potential labour force rate in Latin America and the Caribbean was 4.97 in 2027, according to International Labour Organization.
- What is the highest potential labour force rate recorded in Latin America and the Caribbean?
- The highest recorded value was 7.75 in 2020.
- What is the lowest potential labour force rate recorded in Latin America and the Caribbean?
- The lowest recorded value was 4.71 in 2014.
- How does Latin America and the Caribbean rank for potential labour force rate?
- Latin America and the Caribbean ranks 31st out of 87 groups with data for 2027.
- Is potential labour force rate rising or falling in Latin America and the Caribbean?
- Over the last ten years it is down 5.1%. The long-run trend across the full record is falling.
- Where does this Latin America and the Caribbean 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.