Unemployment rate (ILO modelled estimates) in Latin America and the Caribbean: Lower-middle income
Latin America and the Caribbean: Lower-middle income: Unemployment rate (ILO modelled estimates) was 6.79 in 2027. ▲ Rising
Unemployment rate (ILO modelled estimates) in Latin America and the Caribbean: Lower-middle income, 1991–2027
Source: International Labour Organization.
Analysis
The most recent figure for unemployment rate (ilo modelled estimates) in Latin America and the Caribbean: Lower-middle income is 6.79, measured in 2027.
Compared with earlier readings it is down 0.9% on the previous year and down 1.8% over ten years.
Over the whole period, unemployment rate (ilo modelled estimates) in Latin America and the Caribbean: Lower-middle income peaked at 10.45 in 2020 and was at its lowest, 4.55, in 1997.
Latin America and the Caribbean: Lower-middle income ranks 25th of 87 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 37 years of available data.
Unemployment rate (ILO modelled estimates) in Latin America and the Caribbean: Lower-middle income, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 5.36 | — |
| 1992 | 5.08 | -5.3% |
| 1993 | 5.13 | +1.0% |
| 1994 | 5.21 | +1.6% |
| 1995 | 4.94 | -5.2% |
| 1996 | 4.97 | +0.6% |
| 1997 | 4.55 | -8.5% |
| 1998 | 4.78 | +5.0% |
| 1999 | 4.8 | +0.6% |
| 2000 | 5.21 | +8.5% |
| 2001 | 5.68 | +8.9% |
| 2002 | 6.09 | +7.3% |
| 2003 | 6.74 | +10.6% |
| 2004 | 7.05 | +4.6% |
| 2005 | 6.97 | -1.1% |
| 2006 | 7.07 | +1.4% |
| 2007 | 7.23 | +2.2% |
| 2008 | 7.26 | +0.5% |
| 2009 | 7.5 | +3.3% |
| 2010 | 7.46 | -0.7% |
| 2011 | 7.02 | -5.8% |
| 2012 | 6.45 | -8.0% |
| 2013 | 6.87 | +6.4% |
| 2014 | 6.97 | +1.5% |
| 2015 | 7.12 | +2.1% |
| 2016 | 7.28 | +2.2% |
| 2017 | 6.92 | -4.9% |
| 2018 | 7.16 | +3.4% |
| 2019 | 7.28 | +1.7% |
| 2020 | 10.45 | +43.5% |
| 2021 | 8.77 | -16.0% |
| 2022 | 7.88 | -10.1% |
| 2023 | 7.02 | -10.9% |
| 2024 | 6.92 | -1.4% |
| 2025 | 6.91 | -0.2% |
| 2026 | 6.86 | -0.7% |
| 2027 | 6.79 | -0.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.98 | 4.55 | 5.36 | 9 |
| 2000s | 6.68 | 5.21 | 7.5 | 10 |
| 2010s | 7.05 | 6.45 | 7.46 | 10 |
| 2020s | 7.7 | 6.79 | 10.45 | 8 |
Countries ranked near Latin America and the Caribbean: Lower-middle income
- 22 Afghanistan 13.05 compare
- 23 Georgia 12.76 compare
- 24 North Macedonia 12.59 compare
- 25 South Sudan 12.37 compare
- 26 Guyana 12.21 compare
- 27 Cape Verde 12.15 compare
- 28 Bosnia and Herzegovina 11.95 compare
More work & labour data for Latin America and the Caribbean: Lower-middle income
- Labour force (ILO modelled estimates) 20,680 (2027)
- Labour force participation rate (ILO modelled estimates) 66.85 (2027)
- Persons outside the labour force (ILO modelled estimates) 10,255 (2027)
- Output per worker, GDP constant 2021 international $ at PPP 15,281 (2027)
- Labour dependency ratio 1.26 (2027)
- Output per worker, GDP constant 2015 US $ 5,320 (2027)
- Employment-to-population ratio (ILO modelled estimates) 62.31 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 1.74 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate 1.88 % change on previous year (2027)
- Employment 18,533 (2025)
All data for Latin America and the Caribbean: Lower-middle income →
Frequently asked questions
- What is unemployment rate (ilo modelled estimates) in Latin America and the Caribbean: Lower-middle income?
- Unemployment rate (ilo modelled estimates) in Latin America and the Caribbean: Lower-middle income was 6.79 in 2027, according to International Labour Organization.
- What is the highest unemployment rate (ilo modelled estimates) recorded in Latin America and the Caribbean: Lower-middle income?
- The highest recorded value was 10.45 in 2020.
- What is the lowest unemployment rate (ilo modelled estimates) recorded in Latin America and the Caribbean: Lower-middle income?
- The lowest recorded value was 4.55 in 1997.
- How does Latin America and the Caribbean: Lower-middle income rank for unemployment rate (ilo modelled estimates)?
- Latin America and the Caribbean: Lower-middle income ranks 25th out of 87 groups with data for 2027.
- Is unemployment rate (ilo modelled estimates) rising or falling in Latin America and the Caribbean: Lower-middle income?
- Over the last ten years it is down 1.8%. The long-run trend across the full record is rising.
- Where does this Latin America and the Caribbean: Lower-middle 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
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.