Labor share of gross domestic product (GDP) in Guinea
Guinea: Labor share of gross domestic product (GDP) was 30.1% in 2020. ▼ Falling
Labor share of gross domestic product (GDP) in Guinea, 2004–2020
Source: International Labour Organization – with minor processing by Our World in Data. Measured in %.
Analysis
The most recent figure for labor share of gross domestic product (gdp) in Guinea is 30.1%, measured in 2020. That is the lowest value across all 17 years on record.
The figure is down 30.3% over ten years.
Over the whole period, labor share of gross domestic product (gdp) in Guinea peaked at 44.4% in 2009 and was at its lowest, 30.1%, in 2019.
Guinea ranks 182nd of 187 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 17 years of available data.
Labor share of gross domestic product (GDP) in Guinea, year by year
| Year | % | Change |
|---|---|---|
| 2004 | 42.8% | — |
| 2005 | 42.5% | -0.7% |
| 2006 | 44.1% | +3.8% |
| 2007 | 42.4% | -3.9% |
| 2008 | 41.7% | -1.7% |
| 2009 | 44.4% | +6.5% |
| 2010 | 43.2% | -2.7% |
| 2011 | 42.2% | -2.3% |
| 2012 | 40.5% | -4.0% |
| 2013 | 40.6% | +0.2% |
| 2014 | 40.0% | -1.5% |
| 2015 | 39.3% | -1.8% |
| 2016 | 33.2% | -15.5% |
| 2017 | 33.4% | +0.6% |
| 2018 | 30.7% | -8.1% |
| 2019 | 30.1% | -2.0% |
| 2020 | 30.1% | +0.0% |
Guinea compared with similar countries
- Guinea's 30.1% is below the median for lower middle income countries, which is 45.0%, 67% of the median. (46 countries reporting)
- Guinea's 30.1% is below the median for Sub-Saharan Africa, which is 42.4%, 71% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 43.0% | 41.7% | 44.4% | 6 |
| 2010s | 37.3% | 30.1% | 43.2% | 10 |
| 2020s | 30.1% | 30.1% | 30.1% | 1 |
Countries ranked near Guinea
More work & labour data for Guinea
- Population - Est. & Proj. — Total Population - Both sexes, annual 0.0779 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth 0.0475 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth 0.1075 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate 0.4809 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate 3.08 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 14,400 1000 No (2050)
- Population - Est. & Proj. — Rural population 12,452 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 16,208 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 15,799 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 32,007 1000 No (2100)
Frequently asked questions
- What is labor share of gross domestic product (gdp) in Guinea?
- Labor share of gross domestic product (gdp) in Guinea was 30.1% in 2020, according to International Labour Organization – with minor processing by Our World in Data.
- What is the highest labor share of gross domestic product (gdp) recorded in Guinea?
- The highest recorded value was 44.4% in 2009.
- What is the lowest labor share of gross domestic product (gdp) recorded in Guinea?
- The lowest recorded value was 30.1% in 2019.
- How does Guinea rank for labor share of gross domestic product (gdp)?
- Guinea ranks 182nd out of 187 countries with data for 2020.
- Is labor share of gross domestic product (gdp) rising or falling in Guinea?
- Over the last ten years it is down 30.3%. The long-run trend across the full record is falling.
- Where does this Guinea data come from?
- The figures come from International Labour Organization – with minor processing by Our World in Data, published as part of Labor share of gross domestic product (GDP). Statizoid updates them automatically from the source API.
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CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Labour share of GDP (%).