Unemployment rate (ILO modelled estimates) in Latin America and the Caribbean: High income
Latin America and the Caribbean: High income: Unemployment rate (ILO modelled estimates) was 8.14 in 2027. ▼ Falling
Unemployment rate (ILO modelled estimates) in Latin America and the Caribbean: High income, 1991–2027
Source: International Labour Organization.
Analysis
In 2027, unemployment rate (ilo modelled estimates) in Latin America and the Caribbean: High income stood at 8.14.
That represents a change of up 0.2% on the previous year and up 10.2% over ten years.
Over the whole period, unemployment rate (ilo modelled estimates) in Latin America and the Caribbean: High income peaked at 11.78 in 2020 and was at its lowest, 7.01, in 2013.
Latin America and the Caribbean: High income ranks 15th of 87 groups on this measure, in the top quarter.
The long-run direction has been consistently falling across the 37 years of available data.
Unemployment rate (ILO modelled estimates) in Latin America and the Caribbean: High income, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 8.13 | — |
| 1992 | 7.68 | -5.5% |
| 1993 | 7.67 | -0.2% |
| 1994 | 8.07 | +5.3% |
| 1995 | 7.52 | -6.9% |
| 1996 | 9.05 | +20.4% |
| 1997 | 8.71 | -3.7% |
| 1998 | 8.35 | -4.2% |
| 1999 | 10.1 | +21.0% |
| 2000 | 9.67 | -4.2% |
| 2001 | 10.07 | +4.2% |
| 2002 | 10.22 | +1.5% |
| 2003 | 10.05 | -1.7% |
| 2004 | 9.52 | -5.3% |
| 2005 | 9.11 | -4.3% |
| 2006 | 8.56 | -6.0% |
| 2007 | 7.87 | -8.1% |
| 2008 | 8.2 | +4.2% |
| 2009 | 9.98 | +21.8% |
| 2010 | 8.5 | -14.9% |
| 2011 | 7.92 | -6.8% |
| 2012 | 7.4 | -6.6% |
| 2013 | 7.01 | -5.3% |
| 2014 | 7.26 | +3.6% |
| 2015 | 7.08 | -2.5% |
| 2016 | 7.29 | +2.9% |
| 2017 | 7.39 | +1.4% |
| 2018 | 7.67 | +3.9% |
| 2019 | 7.95 | +3.5% |
| 2020 | 11.78 | +48.2% |
| 2021 | 10.05 | -14.6% |
| 2022 | 8.39 | -16.5% |
| 2023 | 8.19 | -2.4% |
| 2024 | 8.07 | -1.5% |
| 2025 | 8.15 | +1.0% |
| 2026 | 8.12 | -0.3% |
| 2027 | 8.14 | +0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 8.36 | 7.52 | 10.1 | 9 |
| 2000s | 9.33 | 7.87 | 10.22 | 10 |
| 2010s | 7.55 | 7.01 | 8.5 | 10 |
| 2020s | 8.86 | 8.07 | 11.78 | 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)
- Output per worker, GDP constant 2021 international $ at PPP 76,690 (2027)
- Labour dependency ratio 1.17 (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)
- Employment 17,964 (2025)
Frequently asked questions
- What is unemployment rate (ilo modelled estimates) in Latin America and the Caribbean: High income?
- Unemployment rate (ilo modelled estimates) in Latin America and the Caribbean: High income was 8.14 in 2027, according to International Labour Organization.
- What is the highest unemployment rate (ilo modelled estimates) recorded in Latin America and the Caribbean: High income?
- The highest recorded value was 11.78 in 2020.
- What is the lowest unemployment rate (ilo modelled estimates) recorded in Latin America and the Caribbean: High income?
- The lowest recorded value was 7.01 in 2013.
- How does Latin America and the Caribbean: High income rank for unemployment rate (ilo modelled estimates)?
- Latin America and the Caribbean: High income ranks 15th out of 87 groups with data for 2027.
- Is unemployment rate (ilo modelled estimates) rising or falling in Latin America and the Caribbean: High income?
- Over the last ten years it is up 10.2%. 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 Unemployment rate (ILO modelled estimates) (15+). Statizoid updates them automatically from the source API.
Download this data
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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 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.