Work & Labour in Latin America and the Caribbean 68 indicators covering work & labour for Latin America and the Caribbean. IndicatorLatest Year10-yr change Rank Labour force (ILO modelled estimates) 331,299 2027 up 10.5% 27th Labour force participation rate (ILO modelled estimates) 62.53 2027 down 1.5% 30th Persons outside the labour force (ILO modelled estimates) 198,545 2027 up 14.9% 26th Unemployment rate (ILO modelled estimates) 5.1 2027 down 36.5% 40th Labour dependency ratio 1.15 2027 down 10.8% 57th Output per worker, GDP constant 2021 international $ at PPP 44,022 2027 up 1.6% 53rd Output per worker, GDP constant 2015 US $ 20,218 2027 up 2.1% 47th Employment-to-population ratio (ILO modelled estimates) 59.34 2027 up 1.7% 30th Persons outside the labour force (ILO modelled estimates) (15+) 1.34 % change on previous year 2027 up 21.5% 57th Labour force (ILO modelled estimates) (15+), annual growth rate 0.9209 % change on previous year 2027 down 41.0% 49th Employment 307,384 2025 up 13.0% 28th Employment (ILO modelled estimates) 307,384 2025 up 13.0% 28th Employment (ILO modelled estimates), annual growth rate 1.46 % change on previous year 2025 up 27.8% 32nd Employment (ILO modelled estimates) (15+), annual growth rate 1.46 % change on previous year 2025 up 27.8% 32nd SDG indicator 8.2.1: Annual growth rate of output per worker, GDP 1.55 2027 up 426.9% 66th SDG indicator 8.2.1: Annual growth rate of output per worker, GDP 1.54 2027 up 652.9% 65th Labour force participation rate (previous ILO definition - ICLS13) 62.53 2027 down 1.5% 30th SDG indicator 10.4.1: Labour income share as a percent of GDP 49.3 2026 up 0.4% 52nd Labour income share as a percent of GDP 49.3 2026 up 0.4% 52nd NEET rate: Share of youth not in employment, education or training 19.39 2027 down 10.2% 43rd LU2: Combined rate of time-related underemployment and unemployment 11.78 2027 down 23.8% 34th LU2: Combined rate of time-related underemployment and unemployment 11.78 2027 down 23.8% 34th Total weekly hours worked of employed persons 12.29 million 2027 up 13.2% 28th Ratio of total weekly hours worked to population aged 15-64 26.89 2027 up 4.4% 36th Average weekly hours actually worked per employed person 39.08 2027 down 0.7% 51st Time-related underemployment rate (ILO modelled estimates) 7.04 2027 down 12.9% 19th Time-related underemployment (ILO modelled estimates) 22,121 2027 down 0.7% 27th Full-time equivalent employment (ILO modelled estimates) 307,175 2027 up 13.2% 28th NEET: Youth not in employment, education or training 20,180 2027 down 13.5% 28th Total weekly hours worked of employed persons (ILO modelled) 1.11 % change on previous year 2027 up 77.2% 43rd NEET: Youth not in employment, education or training (ILO modelled) -0.0975 % change on previous year 2027 down 112.8% 82nd Time-related underemployment (ILO modelled estimates) (15+), annual 1.02 % change on previous year 2027 down 86.0% 50th SDG indicator 8.5.2: Unemployment rate (previous ILO definition) 5.1 2027 down 36.5% 40th Labour income distribution (ILO modelled estimates) 0.601 2025 down 13.9% 53rd SDG indicator 8.6.1: Proportion of youth aged 15 to 24 years not in 19.39 2027 down 10.2% 43rd Labour income distribution (ILO modelled estimates) (Decile 1) -1.64 % change on previous year 2025 down 140.7% 74th SDG indicator 9.2.2: Manufacturing employment as a proportion of 11.74 2025 down 7.1% 47th SDG indicator 8.3.1: Proportion of informal employment in total 51.09 2027 down 2.0% 43rd LU4: Composite measure of labour underutilization 56,327 2027 down 10.5% 25th Africa's Development Dynamics (AfDD) Table 32 - Employment by 14,653 Persons 2022 up 0.1% 3rd Africa's Development Dynamics (AfDD) Table 32 - Employment by 17,044 Persons 2022 up 31.4% 2nd Jobs gap rate 12.7 2027 down 24.0% 36th Jobs gap 45,788 2027 down 17.4% 25th Potential labour force and willing non-jobseekers rate 8 2027 down 15.8% 27th Potential labour force and willing non-jobseekers 28,899 2027 down 7.8% 24th Employment 307,384 2025 up 13.0% 26th SDG indicator 8.8.2: Level of national compliance with labour rights 3.9 2024 up 28.7% 32nd Manufacturing employment as a proportion of total employment - 13th 11.7% 2025 down 7.0% 16th Unemployment rate, by sex and age - 13th ICLS 5.5% 2025 down 18.3% 12th Potential labour force 17,318 2027 up 4.5% 24th Jobs gap rate 12.71 2027 down 24.0% 36th Potential labour force and willing non-jobseekers rate 8.02 2027 down 15.2% 27th Potential labour force and willing non-jobseekers 28,899 2027 down 7.8% 24th Jobs gap 45,788 2027 down 17.4% 25th LU3: Combined rate of unemployment and potential labour force 9.81 2027 down 23.6% 34th Potential labour force rate 4.97 2027 down 5.1% 31st Potential labour force rate 4.97 2027 down 5.1% 31st Informal employment rate 51.09 2027 down 2.0% 43rd Informal employment 160,645 2027 up 11.7% 31st LU4: Composite rate of labour underutilization 16.16 2027 down 18.7% 33rd Page 1 of 2 Next →