Labor share of gross domestic product (GDP) in Guyana

Guyana: Labor share of gross domestic product (GDP) was 49.9% in 2020. β–¬ Flat

Latest (2020)
49.9%
Change on year
up 5.7%
World rank
78th
of 186 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

010203040502004201220202004: 47.1 %2005: 47.4 %2006: 46.7 %2007: 46.5 %2008: 47.1 %2009: 46.8 %2010: 46.8 %2011: 46.7 %2012: 46.6 %2013: 46.8 %2014: 46.9 %2015: 47 %2016: 46.7 %2017: 46.6 %2018: 46.4 %2019: 47.2 %2020: 49.9 %

Source: International Labour Organisation (2023) – processed 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 78th of 186 countries on this measure, in the middle of the range.

Averages by decade

DecadeAverage LowestHighest 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

  1. 75 Belize 50.4% compare
  2. 75 Suriname 50.4% compare
  3. 77 Singapore 50.3% compare
  4. 79 Montenegro 49.4% compare
  5. 80 Burkina Faso 49.1% compare
  6. 80 Pakistan 49.1% compare

See the full ranking of 186 places β†’

More work & labour data for Guyana

All data for Guyana β†’

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 Organisation (2023) – processed 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 78th out of 186 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 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.