LU3: Combined rate of unemployment and potential labour force in Guyana
Guyana: LU3: Combined rate of unemployment and potential labour force was 16.04 in 2024. ▼ Falling
LU3: Combined rate of unemployment and potential labour force in Guyana, 2018–2024
Source: International Labour Organization.
Analysis
The most recent figure for lu3: combined rate of unemployment and potential labour force in Guyana is 16.04, measured in 2024. That is the lowest value across all 5 years on record.
Compared with earlier readings it is down 35.6% on the previous year and down 35.5% over ten years.
That places Guyana 17th out of 89 countries with data for 2024, putting it in the top quarter.
LU3: Combined rate of unemployment and potential labour force in Guyana, year by year
| Year | Value | Change |
|---|---|---|
| 2018 | 24.87 | — |
| 2019 | 23.28 | -6.4% |
| 2020 | 22.29 | -4.2% |
| 2021 | 24.91 | +11.7% |
| 2024 | 16.04 | -35.6% |
Guyana compared with similar countries
- Guyana's 16.04 is above the median for high income countries, which is 7.45, 2.2× the median. (46 countries reporting)
- Guyana's 16.04 is above the median for Latin America & Caribbean, which is 9.19, 1.7× the median. (15 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 24.08 | 23.28 | 24.87 | 2 |
| 2020s | 21.08 | 16.04 | 24.91 | 3 |
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 lu3: combined rate of unemployment and potential labour force in Guyana?
- Lu3: combined rate of unemployment and potential labour force in Guyana was 16.04 in 2024, according to International Labour Organization.
- What is the highest lu3: combined rate of unemployment and potential labour force recorded in Guyana?
- The highest recorded value was 24.91 in 2021.
- What is the lowest lu3: combined rate of unemployment and potential labour force recorded in Guyana?
- The lowest recorded value was 16.04 in 2024.
- How does Guyana rank for lu3: combined rate of unemployment and potential labour force?
- Guyana ranks 17th out of 89 countries with data for 2024.
- Is lu3: combined rate of unemployment and potential labour force rising or falling in Guyana?
- Over the last ten years it is down 35.5%. The long-run trend across the full record is falling.
- Where does this Guyana data come from?
- The figures come from International Labour Organization, published as part of LU3: Combined rate of unemployment and potential labour force (previous ILO definition - ICLS13) (15+). Statizoid updates them automatically from the source API.
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About this data
With the aim of promoting international comparability, statistics presented on ILOSTAT are based on standard international definitions wherever feasible and may differ from official national figures. This series is based on the 13th ICLS definitions. For time series comparability, it includes countries that have implemented the 19th ICLS standards, for which data are also available in the Work Statistics -- 19th ICLS (WORK) database. LU3 represents the share of the extended labour force that are in unemployment or the potential labour force. Data disaggregated by level of education are provided on the highest level of education completed, classified according to the International Standard Classification of Education (ISCED). Data may have been regrouped from national classifications, which may not be strictly compatible with ISCED. For more information, refer to the Education and Mismatch Indicators (EMI) database description.