The 2023 unemployment rate for those with advanced education varied significantly across Latin America, with Colombia at 11.98% and Uruguay at 1.61%. Notably, Panama saw the largest increase in unemployment among educated individuals with a 17.03% rise, whereas Brazil experienced a 5.6% decrease. Argentina and Guatemala also saw noteworthy reductions, each exceeding 3.5%. While a few countries like Chile and Honduras showed slight declines, others like the Dominican Republic and Peru observed increases of over 5%.
Future trends to watch include potential policy changes in education and employment sectors, economic recovery rates post-pandemic, and shifts in the global demand for skilled labor, all of which could impact unemployment rates for the educated workforce across Latin American countries.
Top countries in Unemployment Rate for Persons with Advanced Education by Country
| # | 10 Countries | Percent of Labor Force with Advanced Education | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Colombia | 11.98 | 2023 | +16.99% | +0.49% | View data |
| 2 | 2 Panama | 8.84 | 2023 | +6.21% | +17.03% | View data |
| 3 | 3 Honduras | 7.21 | 2023 | +0.84% | -1.12% | View data |
| 4 | 4 Saint Lucia | 7.19 | 2023 | -8.11% | View data | |
| 5 | 5 Chile | 7.11 | 2023 | +5.18% | -1.4% | View data |
| 6 | 6 Costa Rica | 7.08 | 2023 | +8.64% | +6.75% | View data |
| 7 | 7 Bolivia | 6.16 | 2023 | +19.72% | +0.56% | View data |
| 8 | 8 Belize | 5.9 | 2023 | -1.7% | +1.57% | View data |
| 9 | 9 Dominican Republic | 5.82 | 2023 | +12.28% | +9.2% | View data |
| 10 | 10 Peru | 5.69 | 2023 | +15.29% | +5.35% | View data |
