Account, out of labor force in Latin America & Caribbean (excluding high income)

Latin America & Caribbean (excluding high income): Account, out of labor force was 59.6% in 2024. ▲ Rising

Latest (2024)
59.6%
Change on year
up 3.5%
Rank
8th
of 12 groups
All-time high
59.6%
in 2024
All-time low
27.1%
in 2011
Years of data
5
2011–2024

Account, out of labor force in Latin America & Caribbean (excluding high income), 2011–2024

02040602011201720242011: 27.1 % age 15+2014: 40.7 % age 15+2017: 44.2 % age 15+2021: 57.6 % age 15+2024: 59.6 % age 15+

Source: Global Findex database. Measured in % age 15+.

Analysis

In 2024, account, out of labor force in Latin America & Caribbean (excluding high income) stood at 59.6%. That is the highest value across all 5 years on record.

Compared with earlier readings it is up 3.5% on the previous year and up 46.3% over ten years.

Over the whole period, account, out of labor force in Latin America & Caribbean (excluding high income) peaked at 59.6% in 2024 and was at its lowest, 27.1%, in 2011.

Account, out of labor force in Latin America & Caribbean (excluding high income), year by year

Annual values for Account, out of labor force (% age 15+) in Latin America & Caribbean (excluding high income), 2011 to 2024.
Year % age 15+ Change
2011 27.1%
2014 40.7% +50.5%
2017 44.2% +8.6%
2021 57.6% +30.1%
2024 59.6% +3.5%

Averages by decade

DecadeAverage LowestHighest Years
2010s 37.3% 27.1% 44.2% 3
2020s 58.6% 57.6% 59.6% 2

Countries ranked near Latin America & Caribbean (excluding high income)

  1. 5 Sweden 98.7% compare
  2. 6 United Kingdom of Great Britain and Northern Ireland 98.7% compare
  3. 7 Lithuania 98.7% compare
  4. 8 Denmark 98.4% compare
  5. 9 Netherlands 98.3% compare
  6. 10 Slovenia 98.1% compare
  7. 11 Ireland 97.9% compare

See the full ranking of 111 places →

More reference data data for Latin America & Caribbean (excluding high income)

All data for Latin America & Caribbean (excluding high income) →

Frequently asked questions

What is account, out of labor force in Latin America & Caribbean (excluding high income)?
Account, out of labor force in Latin America & Caribbean (excluding high income) was 59.6% in 2024, according to Global Findex database.
What is the highest account, out of labor force recorded in Latin America & Caribbean (excluding high income)?
The highest recorded value was 59.6% in 2024.
What is the lowest account, out of labor force recorded in Latin America & Caribbean (excluding high income)?
The lowest recorded value was 27.1% in 2011.
How does Latin America & Caribbean (excluding high income) rank for account, out of labor force?
Latin America & Caribbean (excluding high income) ranks 8th out of 12 groups with data for 2024.
Is account, out of labor force rising or falling in Latin America & Caribbean (excluding high income)?
Over the last ten years it is up 46.3%. The long-run trend across the full record is rising.
Where does this Latin America & Caribbean (excluding high income) data come from?
The figures come from Global Findex database, published as part of Account, out of labor force (% age 15+). Statizoid updates them automatically from the source API.

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Account, out of labor force in Latin America & Caribbean (excluding high income). Statizoid, drawing on Global Findex database. Retrieved 09 September 2026, from https://reference.statizoid.com/stat/account-out-of-labor-force-percent-age-15/latin-america-and-caribbean-excluding-high-income/

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About this data

Indicator
Account, out of labor force (% age 15+)
Unit
% age 15+
Source
Global Findex database
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
111 places, 555 data points, 2011–2024
Last refreshed

The percentage of respondents who report having an account (by themselves or together with someone else) at a bank or another type of financial institution (see the definition for "financial institution account") or report personally using a mobile money service in the past year (see the definition for "mobile money account"), out of labor force (% age 15+)