Time-related underemployment rate (ILO modelled estimates) in Latin America and the Caribbean: High income
Latin America and the Caribbean: High income: Time-related underemployment rate (ILO modelled estimates) was 6.71 in 2027. ▼ Falling
Time-related underemployment rate (ILO modelled estimates) in Latin America and the Caribbean: High income, 2005–2027
Source: International Labour Organization.
Analysis
The most recent figure for time-related underemployment rate (ilo modelled estimates) in Latin America and the Caribbean: High income is 6.71, measured in 2027.
Compared with earlier readings it is up 0.5% on the previous year and down 31.6% over ten years.
Over the whole period, time-related underemployment rate (ilo modelled estimates) in Latin America and the Caribbean: High income peaked at 12.02 in 2005 and was at its lowest, 6.45, in 2023.
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 23 years of available data.
Time-related underemployment rate (ILO modelled estimates) in Latin America and the Caribbean: High income, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 12.02 | — |
| 2006 | 11.44 | -4.8% |
| 2007 | 11.1 | -3.0% |
| 2008 | 11.09 | -0.1% |
| 2009 | 11.9 | +7.3% |
| 2010 | 11.17 | -6.2% |
| 2011 | 10.55 | -5.5% |
| 2012 | 10.49 | -0.6% |
| 2013 | 10.48 | -0.0% |
| 2014 | 10.34 | -1.4% |
| 2015 | 9.84 | -4.8% |
| 2016 | 9.88 | +0.3% |
| 2017 | 9.81 | -0.7% |
| 2018 | 9.98 | +1.7% |
| 2019 | 10.46 | +4.8% |
| 2020 | 10.24 | -2.1% |
| 2021 | 8.48 | -17.2% |
| 2022 | 6.96 | -17.9% |
| 2023 | 6.45 | -7.4% |
| 2024 | 6.61 | +2.5% |
| 2025 | 6.63 | +0.4% |
| 2026 | 6.68 | +0.6% |
| 2027 | 6.71 | +0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 11.51 | 11.09 | 12.02 | 5 |
| 2010s | 10.3 | 9.81 | 11.17 | 10 |
| 2020s | 7.34 | 6.45 | 10.24 | 8 |
Countries ranked near Latin America and the Caribbean: High income
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)
- Unemployment rate (ILO modelled estimates) 8.14 (2027)
- Labour dependency ratio 1.17 (2027)
- Output per worker, GDP constant 2021 international $ at PPP 76,690 (2027)
- Output per worker, GDP constant 2015 US $ 40,488 (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)
Frequently asked questions
- What is time-related underemployment rate (ilo modelled estimates) in Latin America and the Caribbean: High income?
- Time-related underemployment rate (ilo modelled estimates) in Latin America and the Caribbean: High income was 6.71 in 2027, according to International Labour Organization.
- What is the highest time-related underemployment rate (ilo modelled estimates) recorded in Latin America and the Caribbean: High income?
- The highest recorded value was 12.02 in 2005.
- What is the lowest time-related underemployment rate (ilo modelled estimates) recorded in Latin America and the Caribbean: High income?
- The lowest recorded value was 6.45 in 2023.
- How does Latin America and the Caribbean: High income rank for time-related underemployment rate (ilo modelled estimates)?
- Latin America and the Caribbean: High income ranks 23rd out of 87 groups with data for 2027.
- Is time-related underemployment rate (ilo modelled estimates) rising or falling in Latin America and the Caribbean: High income?
- Over the last ten years it is down 31.6%. 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 Time-related underemployment rate (ILO modelled estimates) (15+). Statizoid updates them automatically from the source API.
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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 time-related underemployment rate conveys the number of persons in time-related underemployment as a percent of the total number of persons in employment. Persons in time-related underemployment comprise all persons in employment, who satisfy the following three criteria during the reference period: a) are willing to work additional hours; b) are available to work additional hours i.e., are ready, within a specified subsequent period, to work additional hours, given opportunities for additional work; and c) worked less than a threshold relating to working time i.e., persons whose hours actually worked in all jobs during the reference period were below a threshold, to be chosen according to national circumstances. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.