Share of employment outside the formal sector (previous ILO) in Guyana
Guyana: Share of employment outside the formal sector (previous ILO) was 38.43 in 2024. ▼ Falling
Share of employment outside the formal sector (previous ILO) in Guyana, 2018–2024
Source: International Labour Organization.
Analysis
In 2024, share of employment outside the formal sector (previous ilo) in Guyana stood at 38.43. That is the lowest value across all 5 years on record.
Compared with earlier readings it is down 4.3% on the previous year and down 7.5% over ten years.
That places Guyana 32nd out of 44 countries with data for 2024, putting it in the middle of the range.
Share of employment outside the formal sector (previous ILO) in Guyana, year by year
| Year | Value | Change |
|---|---|---|
| 2018 | 41.55 | — |
| 2019 | 40.98 | -1.4% |
| 2020 | 43.92 | +7.2% |
| 2021 | 40.17 | -8.5% |
| 2024 | 38.43 | -4.3% |
Guyana compared with similar countries
- Guyana's 38.43 is above the median for high income countries, which is 34.18, 1.1× the median. (6 countries reporting)
- Guyana's 38.43 is below the median for Latin America & Caribbean, which is 47.78, 80% of the median. (15 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 41.26 | 40.98 | 41.55 | 2 |
| 2020s | 40.84 | 38.43 | 43.92 | 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 (previous ilo) in Guyana?
- Share of employment outside the formal sector (previous ilo) in Guyana was 38.43 in 2024, according to International Labour Organization.
- What is the highest share of employment outside the formal sector (previous ilo) recorded in Guyana?
- The highest recorded value was 43.92 in 2020.
- What is the lowest share of employment outside the formal sector (previous ilo) recorded in Guyana?
- The lowest recorded value was 38.43 in 2024.
- How does Guyana rank for share of employment outside the formal sector (previous ilo)?
- Guyana ranks 32nd out of 44 countries with data for 2024.
- Is share of employment outside the formal sector (previous ilo) rising or falling in Guyana?
- Over the last ten years it is down 7.5%. 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 Share of employment outside the formal sector (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. 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. Data disaggregated by economic activity are provided according to the latest version of the International Standard Industrial Classification of All Economic Activities (ISIC) available for that year. Data may have been regrouped from national classifications, which may not be strictly compatible with ISIC. For more information, refer to the Labour Force Statistics (LFS and STLFS) database description.