Share of employment outside the formal sector (current ILO definition) in Guyana
Guyana: Share of employment outside the formal sector (current ILO definition) was 37.69 in 2024. ▼ Falling
Share of employment outside the formal sector (current ILO definition) in Guyana, 2018–2024
Source: International Labour Organization.
Analysis
In 2024, share of employment outside the formal sector (current ilo definition) in Guyana stood at 37.69. That is the lowest value across all 5 years on record.
Compared with earlier readings it is down 2.4% on the previous year and down 4.9% over ten years.
Guyana ranks 10th of 46 countries on this measure, in the top quarter.
Share of employment outside the formal sector (current ILO definition) in Guyana, year by year
| Year | Value | Change |
|---|---|---|
| 2018 | 39.63 | — |
| 2019 | 39.42 | -0.5% |
| 2020 | 43.16 | +9.5% |
| 2021 | 38.62 | -10.5% |
| 2024 | 37.69 | -2.4% |
Guyana compared with similar countries
- Guyana's 37.69 is above the median for high income countries, which is 4.95, 7.6× the median. (32 countries reporting)
- Guyana's 37.69 is above the median for Latin America & Caribbean, which is 36.07, 1.0× the median. (7 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 39.53 | 39.42 | 39.63 | 2 |
| 2020s | 39.82 | 37.69 | 43.16 | 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 share of employment outside the formal sector (current ilo definition) in Guyana?
- Share of employment outside the formal sector (current ilo definition) in Guyana was 37.69 in 2024, according to International Labour Organization.
- What is the highest share of employment outside the formal sector (current ilo definition) recorded in Guyana?
- The highest recorded value was 43.16 in 2020.
- What is the lowest share of employment outside the formal sector (current ilo definition) recorded in Guyana?
- The lowest recorded value was 37.69 in 2024.
- How does Guyana rank for share of employment outside the formal sector (current ilo definition)?
- Guyana ranks 10th out of 46 countries with data for 2024.
- Is share of employment outside the formal sector (current ilo definition) rising or falling in Guyana?
- Over the last ten years it is down 4.9%. 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 Share of employment outside the formal sector (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. This harmonized series for employment outside the formal sector is derived using the same set of criteria across countries to improve comparability. The criteria used are based on employment status, institutional sector, destination of production, bookkeeping, registration, social security contribution, places of work and size. For more information, refer to the Work Statistics -- 19th ICLS (WORK) database description.