Work & Labour in Latin America and the Caribbean: High income 59 indicators covering work & labour for Latin America and the Caribbean: High income. IndicatorLatest Year10-yr change Rank Labour force (ILO modelled estimates) 19,892 2027 up 10.9% 79th Labour force participation rate (ILO modelled estimates) 60.43 2027 down 0.1% 45th Persons outside the labour force (ILO modelled estimates) 13,027 2027 up 11.3% 80th Unemployment rate (ILO modelled estimates) 8.14 2027 up 10.2% 15th Labour dependency ratio 1.17 2027 down 6.2% 53rd Output per worker, GDP constant 2021 international $ at PPP 76,690 2027 up 17.9% 27th Output per worker, GDP constant 2015 US $ 40,488 2027 up 15.8% 24th Employment-to-population ratio (ILO modelled estimates) 55.51 2027 down 0.9% 54th Persons outside the labour force (ILO modelled estimates) (15+) 0.8477 % change on previous year 2027 up 119.2% 80th Labour force (ILO modelled estimates) (15+), annual growth rate 0.8323 % change on previous year 2027 down 54.6% 53rd Employment 17,964 2025 up 10.5% 81st Employment (ILO modelled estimates) 17,964 2025 up 10.5% 81st Employment (ILO modelled estimates) (15+), annual growth rate 0.8494 % change on previous year 2025 down 14.1% 54th Employment (ILO modelled estimates), annual growth rate 0.8494 % change on previous year 2025 down 14.1% 54th SDG indicator 8.2.1: Annual growth rate of output per worker, GDP 2.76 2027 up 857.3% 30th SDG indicator 8.2.1: Annual growth rate of output per worker, GDP 2.57 2027 up 550.7% 30th Labour force participation rate (previous ILO definition - ICLS13) 60.43 2027 down 0.1% 45th SDG indicator 10.4.1: Labour income share as a percent of GDP 51.1 2026 up 0.6% 43rd Labour income share as a percent of GDP 51.1 2026 up 0.6% 43rd LU2: Combined rate of time-related underemployment and unemployment 14.3 2027 down 13.2% 20th Total weekly hours worked of employed persons 677,789 2027 up 7.0% 81st Ratio of total weekly hours worked to population aged 15-64 25.3 2027 up 0.8% 52nd Average weekly hours actually worked per employed person 37.09 2027 down 2.7% 62nd NEET: Youth not in employment, education or training 850.3 2027 down 21.0% 83rd NEET rate: Share of youth not in employment, education or training 16.3 2027 down 14.7% 59th Time-related underemployment rate (ILO modelled estimates) 6.71 2027 down 31.6% 23rd Time-related underemployment (ILO modelled estimates) 1,227 2027 down 24.7% 71st Full-time equivalent employment (ILO modelled estimates) 16,945 2027 up 7.0% 81st LU2: Combined rate of time-related underemployment and unemployment 14.3 2027 down 13.2% 20th NEET: Youth not in employment, education or training (ILO modelled) 0.0296 % change on previous year 2027 up 132.2% 79th Total weekly hours worked of employed persons (ILO modelled) 0.8286 % change on previous year 2027 down 46.7% 58th Time-related underemployment (ILO modelled estimates) (15+), annual 1.37 % change on previous year 2027 up 37.1% 29th SDG indicator 8.5.2: Unemployment rate (previous ILO definition) 8.14 2027 up 10.2% 15th Labour income distribution (ILO modelled estimates) 0.881 2025 up 12.2% 35th SDG indicator 8.6.1: Proportion of youth aged 15 to 24 years not in 16.3 2027 down 14.7% 59th Labour income distribution (ILO modelled estimates) (Decile 1) -0.1134 % change on previous year 2025 up 98.5% 58th SDG indicator 9.2.2: Manufacturing employment as a proportion of 9.17 2025 down 11.8% 71st SDG indicator 8.3.1: Proportion of informal employment in total 31.86 2027 down 3.9% 60th LU4: Composite measure of labour underutilization 4,072 2027 down 2.4% 76th Jobs gap rate 17.5 2027 down 1.1% 16th Jobs gap 3,876 2027 up 8.2% 76th Potential labour force and willing non-jobseekers rate 10.2 2027 down 8.9% 13th Potential labour force and willing non-jobseekers 2,257 2027 up 0.0% 76th Employment 17,964 2025 up 10.5% 79th SDG indicator 8.8.2: Level of national compliance with labour rights 2.32 2024 up 14.3% 61st Jobs gap rate 17.5 2027 down 1.3% 16th Jobs gap 3,876 2027 up 8.2% 76th LU3: Combined rate of unemployment and potential labour force 13.47 2027 up 1.5% 19th Informal employment rate 31.86 2027 down 3.9% 60th Informal employment 5,822 2027 up 5.7% 77th Potential labour force rate 5.81 2027 down 8.7% 23rd Potential labour force and willing non-jobseekers 2,257 2027 up 0.0% 76th Potential labour force and willing non-jobseekers rate 10.19 2027 down 8.8% 13th Potential labour force rate 5.81 2027 down 8.7% 23rd Potential labour force 1,226 2027 up 0.7% 79th LU4: Composite rate of labour underutilization 19.28 2027 down 11.5% 24th LU4: Composite measure of labour underutilization 4,072 2027 down 2.4% 76th Labour force participation rate for persons ages 25 to 54 79.73 2023 up 4.0% 47th Labour force ages 25 to 54 11,487 2023 up 14.6% 80th