Labor share of gross domestic product (GDP) in Guinea

Guinea: Labor share of gross domestic product (GDP) was 30.1% in 2020. β–Ό Falling

Latest (2020)
30.1%
Change on year
unchanged
World rank
183rd
of 186 countries
All-time high
44.4%
in 2009
All-time low
30.1%
in 2019
Years of data
17
2004–2020

Labor share of gross domestic product (GDP) in Guinea, 2004–2020

0102030402004201220202004: 42.8 %2005: 42.5 %2006: 44.1 %2007: 42.4 %2008: 41.7 %2009: 44.4 %2010: 43.2 %2011: 42.2 %2012: 40.5 %2013: 40.6 %2014: 40 %2015: 39.3 %2016: 33.2 %2017: 33.4 %2018: 30.7 %2019: 30.1 %2020: 30.1 %

Source: International Labour Organisation (2023) – processed 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 183rd of 186 countries on this measure, in the bottom quarter.

The long-run direction has been consistently falling across the 17 years of available data.

Averages by decade

DecadeAverage LowestHighest 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

  1. 180 Niger 30.8% compare
  2. 181 Cote d'Ivoire 30.5% compare
  3. 182 Qatar 30.2% compare
  4. 184 Gabon 28.5% compare
  5. 185 Tajikistan 19.3% compare
  6. 186 Venezuela 10.2% compare

See the full ranking of 186 places β†’

More work & labour data for Guinea

All data for Guinea β†’

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 Organisation (2023) – processed 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 183rd out of 186 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 Organisation (2023) – processed 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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About this data

Indicator
Labor share of gross domestic product (GDP)
Unit
%
Source
International Labour Organisation (2023) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
186 places, 3,162 data points, 2004–2020
Last refreshed

The labor share of gross domestic product (GDP) is the estimated total compensation of employees given as a percent of GDP. It provides information about the relative share of output paid as compensation to employees, compared to the share paid to capital.