Labor share of gross domestic product (GDP) in Guyana
Guyana: Labor share of gross domestic product (GDP) was 49.9% in 2020. ▬ Flat
Latest (2020)
49.9%
Change on year
up 5.7%
World rank
73rd
of 187 countries
All-time high
49.9%
in 2020
All-time low
46.4%
in 2018
Years of data
17
2004–2020
Labor share of gross domestic product (GDP) in Guyana, 2004–2020
Source: International Labour Organization – with minor processing by Our World in Data. Measured in %.
Analysis
In 2020, labor share of gross domestic product (gdp) in Guyana stood at 49.9%. That is the highest value across all 17 years on record.
The figure is up 5.7% on the previous year and up 6.6% over ten years.
Over the whole period, labor share of gross domestic product (gdp) in Guyana peaked at 49.9% in 2020 and was at its lowest, 46.4%, in 2018.
Guyana ranks 73rd of 187 countries on this measure, in the middle of the range.
Labor share of gross domestic product (GDP) in Guyana, year by year
| Year | % | Change |
|---|---|---|
| 2004 | 47.1% | — |
| 2005 | 47.4% | +0.6% |
| 2006 | 46.7% | -1.5% |
| 2007 | 46.5% | -0.4% |
| 2008 | 47.1% | +1.3% |
| 2009 | 46.8% | -0.6% |
| 2010 | 46.8% | +0.0% |
| 2011 | 46.7% | -0.2% |
| 2012 | 46.6% | -0.2% |
| 2013 | 46.8% | +0.4% |
| 2014 | 46.9% | +0.2% |
| 2015 | 47.0% | +0.2% |
| 2016 | 46.7% | -0.6% |
| 2017 | 46.6% | -0.2% |
| 2018 | 46.4% | -0.4% |
| 2019 | 47.2% | +1.7% |
| 2020 | 49.9% | +5.7% |
Guyana compared with similar countries
- Guyana's 49.9% is below the median for high income countries, which is 54.5%, 92% of the median. (62 countries reporting)
- Guyana's 49.9% is below the median for Latin America & Caribbean, which is 50.4%, 99% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 46.9% | 46.5% | 47.4% | 6 |
| 2010s | 46.8% | 46.4% | 47.2% | 10 |
| 2020s | 49.9% | 49.9% | 49.9% | 1 |
Countries ranked near Guyana
More work & labour data for Guyana
- Population - Est. & Proj. — Total Population - Both sexes, annual -0.4095 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth -0.3957 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth -0.4228 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate -0.9077 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate 0.9156 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 295.49 1000 No (2050)
- Population - Est. & Proj. — Rural population 526.41 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 455.78 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 433.17 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 888.95 1000 No (2100)
Frequently asked questions
- What is labor share of gross domestic product (gdp) in Guyana?
- Labor share of gross domestic product (gdp) in Guyana was 49.9% 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 Guyana?
- The highest recorded value was 49.9% in 2020.
- What is the lowest labor share of gross domestic product (gdp) recorded in Guyana?
- The lowest recorded value was 46.4% in 2018.
- How does Guyana rank for labor share of gross domestic product (gdp)?
- Guyana ranks 73rd out of 187 countries with data for 2020.
- Is labor share of gross domestic product (gdp) rising or falling in Guyana?
- Over the last ten years it is up 6.6%. The long-run trend across the full record is flat.
- Where does this Guyana 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 (%).