Unemployment rate (ILO modelled estimates) in CARICOM
CARICOM: Unemployment rate (ILO modelled estimates) was 11.26 in 2027. ▲ Rising
Unemployment rate (ILO modelled estimates) in CARICOM, 1991–2027
Source: International Labour Organization.
Analysis
In 2027, unemployment rate (ilo modelled estimates) in CARICOM stood at 11.26.
The figure is down 1.1% over ten years.
Over the whole period, unemployment rate (ilo modelled estimates) in CARICOM peaked at 12.68 in 2007 and was at its lowest, 8.54, in 1999.
That places CARICOM 7th out of 87 groups with data for 2027, putting it in the top 10%.
The long-run direction has been consistently rising across the 37 years of available data.
Unemployment rate (ILO modelled estimates) in CARICOM, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 9.44 | — |
| 1992 | 9.7 | +2.7% |
| 1993 | 9.7 | -0.0% |
| 1994 | 9.71 | +0.2% |
| 1995 | 9.16 | -5.7% |
| 1996 | 9 | -1.7% |
| 1997 | 8.7 | -3.3% |
| 1998 | 8.67 | -0.4% |
| 1999 | 8.54 | -1.5% |
| 2000 | 8.99 | +5.2% |
| 2001 | 9.51 | +5.8% |
| 2002 | 10.24 | +7.6% |
| 2003 | 10.91 | +6.6% |
| 2004 | 11.28 | +3.4% |
| 2005 | 11.84 | +5.0% |
| 2006 | 12.25 | +3.5% |
| 2007 | 12.68 | +3.5% |
| 2008 | 12.31 | -2.9% |
| 2009 | 12.37 | +0.5% |
| 2010 | 12.28 | -0.7% |
| 2011 | 11.94 | -2.8% |
| 2012 | 11.87 | -0.6% |
| 2013 | 11.78 | -0.8% |
| 2014 | 11.66 | -1.0% |
| 2015 | 11.51 | -1.3% |
| 2016 | 11.64 | +1.1% |
| 2017 | 11.38 | -2.2% |
| 2018 | 11.13 | -2.2% |
| 2019 | 11.04 | -0.8% |
| 2020 | 12.66 | +14.7% |
| 2021 | 12.22 | -3.5% |
| 2022 | 11.19 | -8.4% |
| 2023 | 10.74 | -4.1% |
| 2024 | 10.86 | +1.1% |
| 2025 | 11.11 | +2.4% |
| 2026 | 11.26 | +1.3% |
| 2027 | 11.26 | -0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.18 | 8.54 | 9.71 | 9 |
| 2000s | 11.24 | 8.99 | 12.68 | 10 |
| 2010s | 11.62 | 11.04 | 12.28 | 10 |
| 2020s | 11.41 | 10.74 | 12.66 | 8 |
Countries ranked near CARICOM
More work & labour data for CARICOM
- 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) 9,122 (2027)
- Labour dependency ratio 1.4 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 1.41 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate 1.1 % change on previous year (2027)
- Output per worker, GDP constant 2021 international $ at PPP 31,291 (2027)
- Employment-to-population ratio (ILO modelled estimates) 56.49 (2027)
- Output per worker, GDP constant 2015 US $ 16,073 (2027)
- Employment (ILO modelled estimates) 7,930 (2025)
Frequently asked questions
- What is unemployment rate (ilo modelled estimates) in CARICOM?
- Unemployment rate (ilo modelled estimates) in CARICOM was 11.26 in 2027, according to International Labour Organization.
- What is the highest unemployment rate (ilo modelled estimates) recorded in CARICOM?
- The highest recorded value was 12.68 in 2007.
- What is the lowest unemployment rate (ilo modelled estimates) recorded in CARICOM?
- The lowest recorded value was 8.54 in 1999.
- How does CARICOM rank for unemployment rate (ilo modelled estimates)?
- CARICOM ranks 7th out of 87 groups with data for 2027.
- Is unemployment rate (ilo modelled estimates) rising or falling in CARICOM?
- Over the last ten years it is down 1.1%. The long-run trend across the full record is rising.
- Where does this CARICOM data come from?
- The figures come from International Labour Organization, published as part of Unemployment rate (ILO modelled estimates) (15+). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 37 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 unemployment rate conveys the number of persons who are unemployed as a percent of the labour force (i.e., the employed plus the unemployed). The unemployed comprise all persons of working age who were: a) without work during the reference period, i.e. were not in paid employment or self-employment; b) currently available for work, i.e. were available for paid employment or self-employment during the reference period; and c) seeking work, i.e. had taken specific steps in a specified recent period to seek paid employment or self-employment. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.