Time-related underemployment rate (ILO modelled estimates) in Latin America and the Caribbean: Upper-middle income
Latin America and the Caribbean: Upper-middle income: Time-related underemployment rate (ILO modelled estimates) was 6.89 in 2027. ▬ Flat
Time-related underemployment rate (ILO modelled estimates) in Latin America and the Caribbean: Upper-middle income, 2005–2027
Source: International Labour Organization.
Analysis
Latin America and the Caribbean: Upper-middle income recorded 6.89 for time-related underemployment rate (ilo modelled estimates) in 2027.
Compared with earlier readings it is down 0.1% on the previous year and down 11.1% over ten years.
Over the whole period, time-related underemployment rate (ilo modelled estimates) in Latin America and the Caribbean: Upper-middle income peaked at 8.98 in 2020 and was at its lowest, 6.71, in 2014.
That places Latin America and the Caribbean: Upper-middle income 21st out of 87 groups with data for 2027, putting it in the top quarter.
Time-related underemployment rate (ILO modelled estimates) in Latin America and the Caribbean: Upper-middle income, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 8.23 | — |
| 2006 | 7.84 | -4.7% |
| 2007 | 7.54 | -3.9% |
| 2008 | 7.21 | -4.4% |
| 2009 | 7.66 | +6.3% |
| 2010 | 7.54 | -1.6% |
| 2011 | 7.28 | -3.4% |
| 2012 | 7.5 | +3.0% |
| 2013 | 6.96 | -7.2% |
| 2014 | 6.71 | -3.5% |
| 2015 | 6.91 | +2.9% |
| 2016 | 7.23 | +4.6% |
| 2017 | 7.75 | +7.2% |
| 2018 | 7.94 | +2.4% |
| 2019 | 8.31 | +4.7% |
| 2020 | 8.98 | +8.1% |
| 2021 | 8.77 | -2.3% |
| 2022 | 7.69 | -12.4% |
| 2023 | 7.01 | -8.9% |
| 2024 | 6.95 | -0.9% |
| 2025 | 6.91 | -0.5% |
| 2026 | 6.9 | -0.2% |
| 2027 | 6.89 | -0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.7 | 7.21 | 8.23 | 5 |
| 2010s | 7.41 | 6.71 | 8.31 | 10 |
| 2020s | 7.51 | 6.89 | 8.98 | 8 |
Countries ranked near Latin America and the Caribbean: Upper-middle income
More work & labour data for Latin America and the Caribbean: Upper-middle income
- Labour force (ILO modelled estimates) 290,727 (2027)
- Labour force participation rate (ILO modelled estimates) 62.39 (2027)
- Persons outside the labour force (ILO modelled estimates) 175,263 (2027)
- Unemployment rate (ILO modelled estimates) 4.77 (2027)
- Labour dependency ratio 1.14 (2027)
- Output per worker, GDP constant 2021 international $ at PPP 43,867 (2027)
- Output per worker, GDP constant 2015 US $ 19,918 (2027)
- Employment-to-population ratio (ILO modelled estimates) 59.41 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 1.35 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate 0.859 % change on previous year (2027)
All data for Latin America and the Caribbean: Upper-middle income →
Frequently asked questions
- What is time-related underemployment rate (ilo modelled estimates) in Latin America and the Caribbean: Upper-middle income?
- Time-related underemployment rate (ilo modelled estimates) in Latin America and the Caribbean: Upper-middle income was 6.89 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: Upper-middle income?
- The highest recorded value was 8.98 in 2020.
- What is the lowest time-related underemployment rate (ilo modelled estimates) recorded in Latin America and the Caribbean: Upper-middle income?
- The lowest recorded value was 6.71 in 2014.
- How does Latin America and the Caribbean: Upper-middle income rank for time-related underemployment rate (ilo modelled estimates)?
- Latin America and the Caribbean: Upper-middle income ranks 21st 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: Upper-middle income?
- Over the last ten years it is down 11.1%. The long-run trend across the full record is flat.
- Where does this Latin America and the Caribbean: Upper-middle 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.