Unemployment rate (ILO modelled estimates) in South America
South America: Unemployment rate (ILO modelled estimates) was 5.71 in 2027. ▼ Falling
Unemployment rate (ILO modelled estimates) in South America, 1991–2027
Source: International Labour Organization.
Analysis
South America recorded 5.71 for unemployment rate (ilo modelled estimates) in 2027. That is the lowest value across all 37 years on record.
Compared with earlier readings it is down 2.5% on the previous year and down 41.0% over ten years.
Over the whole period, unemployment rate (ilo modelled estimates) in South America peaked at 12.19 in 2020 and was at its lowest, 5.71, in 2027.
That places South America 33rd 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 37 years of available data.
Unemployment rate (ILO modelled estimates) in South America, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 6.91 | — |
| 1992 | 6.89 | -0.2% |
| 1993 | 6.49 | -5.8% |
| 1994 | 7.17 | +10.5% |
| 1995 | 8.3 | +15.8% |
| 1996 | 9.27 | +11.7% |
| 1997 | 9.42 | +1.6% |
| 1998 | 10.08 | +7.0% |
| 1999 | 11.71 | +16.2% |
| 2000 | 11.76 | +0.4% |
| 2001 | 11.15 | -5.2% |
| 2002 | 11.52 | +3.4% |
| 2003 | 11.19 | -2.9% |
| 2004 | 10.36 | -7.4% |
| 2005 | 9.72 | -6.2% |
| 2006 | 8.89 | -8.5% |
| 2007 | 8.36 | -6.0% |
| 2008 | 7.76 | -7.2% |
| 2009 | 8.65 | +11.5% |
| 2010 | 7.82 | -9.6% |
| 2011 | 7.14 | -8.7% |
| 2012 | 6.85 | -4.1% |
| 2013 | 6.74 | -1.6% |
| 2014 | 6.5 | -3.6% |
| 2015 | 7.38 | +13.5% |
| 2016 | 9.05 | +22.6% |
| 2017 | 9.67 | +6.9% |
| 2018 | 9.57 | -1.0% |
| 2019 | 9.58 | +0.2% |
| 2020 | 12.19 | +27.2% |
| 2021 | 10.92 | -10.4% |
| 2022 | 8.04 | -26.3% |
| 2023 | 7.27 | -9.7% |
| 2024 | 6.82 | -6.2% |
| 2025 | 6.21 | -8.9% |
| 2026 | 5.86 | -5.7% |
| 2027 | 5.71 | -2.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 8.47 | 6.49 | 11.71 | 9 |
| 2000s | 9.93 | 7.76 | 11.76 | 10 |
| 2010s | 8.03 | 6.5 | 9.67 | 10 |
| 2020s | 7.88 | 5.71 | 12.19 | 8 |
Countries ranked near South America
- 30 French Polynesia 11.61 compare
- 31 Rwanda 11.53 compare
- 32 United States Virgin Islands 11.45 compare
- 33 Albania 11.36 compare
- 34 Lebanon 10.98 compare
- 35 New Caledonia 10.51 compare
- 36 Mauritania 10.41 compare
More work & labour data for South America
- Population - Est. & Proj. — Total Population - Male 188,449 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes, annual -0.6536 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth -0.6333 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth -0.6731 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate -1.47 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate 0.3248 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 450,619 1000 No (2050)
- Population - Est. & Proj. — Rural population 49,401 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 190,649 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 379,097 1000 No (2100)
Frequently asked questions
- What is unemployment rate (ilo modelled estimates) in South America?
- Unemployment rate (ilo modelled estimates) in South America was 5.71 in 2027, according to International Labour Organization.
- What is the highest unemployment rate (ilo modelled estimates) recorded in South America?
- The highest recorded value was 12.19 in 2020.
- What is the lowest unemployment rate (ilo modelled estimates) recorded in South America?
- The lowest recorded value was 5.71 in 2027.
- How does South America rank for unemployment rate (ilo modelled estimates)?
- South America ranks 33rd out of 87 groups with data for 2027.
- Is unemployment rate (ilo modelled estimates) rising or falling in South America?
- Over the last ten years it is down 41.0%. The long-run trend across the full record is falling.
- Where does this South America 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.