LU4: Composite rate of labour underutilization (current ILO) in Guyana
Guyana: LU4: Composite rate of labour underutilization (current ILO) was 22.54 in 2024. ▼ Falling
LU4: Composite rate of labour underutilization (current ILO) in Guyana, 2018–2024
Source: International Labour Organization.
Analysis
The most recent figure for lu4: composite rate of labour underutilization (current ilo) in Guyana is 22.54, measured in 2024. That is the lowest value across all 5 years on record.
That represents a change of down 29.7% on the previous year and down 37.6% over ten years.
Guyana ranks 7th of 56 countries on this measure, in the top quarter.
LU4: Composite rate of labour underutilization (current ILO) in Guyana, year by year
| Year | Value | Change |
|---|---|---|
| 2018 | 36.14 | — |
| 2019 | 31.28 | -13.4% |
| 2020 | 29.61 | -5.3% |
| 2021 | 32.07 | +8.3% |
| 2024 | 22.54 | -29.7% |
Guyana compared with similar countries
- Guyana's 22.54 is above the median for high income countries, which is 12.04, 1.9× the median. (43 countries reporting)
- Guyana's 22.54 is above the median for Latin America & Caribbean, which is 13.89, 1.6× the median. (8 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 33.71 | 31.28 | 36.14 | 2 |
| 2020s | 28.07 | 22.54 | 32.07 | 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 lu4: composite rate of labour underutilization (current ilo) in Guyana?
- Lu4: composite rate of labour underutilization (current ilo) in Guyana was 22.54 in 2024, according to International Labour Organization.
- What is the highest lu4: composite rate of labour underutilization (current ilo) recorded in Guyana?
- The highest recorded value was 36.14 in 2018.
- What is the lowest lu4: composite rate of labour underutilization (current ilo) recorded in Guyana?
- The lowest recorded value was 22.54 in 2024.
- How does Guyana rank for lu4: composite rate of labour underutilization (current ilo)?
- Guyana ranks 7th out of 56 countries with data for 2024.
- Is lu4: composite rate of labour underutilization (current ilo) rising or falling in Guyana?
- Over the last ten years it is down 37.6%. 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 LU4: Composite rate of labour underutilization (current ILO definition - ICLS19) (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 includes only countries for which the 19th ICLS definitions are applied. LU4 represents the share of the extended labour force that are in unemployment, time-related underemployment or the potential labour force. For more information, refer to the Work Statistics -- 19th ICLS (WORK) database description.