Share of employment outside the formal sector in Grenada
Grenada: Share of employment outside the formal sector was 42.88 in 2023. ▼ Falling
Share of employment outside the formal sector in Grenada, 2018–2023
Source: International Labour Organization.
Analysis
Grenada recorded 42.88 for share of employment outside the formal sector in 2023.
The figure is down 3.9% on the previous year and up 2.1% over ten years.
That places Grenada 33rd out of 81 countries with data for 2023, putting it in the middle of the range.
Share of employment outside the formal sector in Grenada, year by year
| Year | Value | Change |
|---|---|---|
| 2018 | 41.99 | — |
| 2019 | 52.03 | +23.9% |
| 2020 | 42.52 | -18.3% |
| 2021 | 44.61 | +4.9% |
| 2023 | 42.88 | -3.9% |
Grenada compared with similar countries
- Grenada's 42.88 is below the median for upper middle income countries, which is 46.77, 92% of the median. (28 countries reporting)
- Grenada's 42.88 is below the median for Latin America & Caribbean, which is 46.78, 92% of the median. (19 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 47.01 | 41.99 | 52.03 | 2 |
| 2020s | 43.34 | 42.52 | 44.61 | 3 |
Countries ranked near Grenada
More work & labour data for Grenada
- Population - Est. & Proj. — Total Population - Both sexes, annual -1.03 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth -0.9965 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth -1.06 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate -1.18 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate 0.6059 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 51.81 1000 No (2050)
- Population - Est. & Proj. — Rural population 57.77 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 37.43 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 36.46 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 73.89 1000 No (2100)
Frequently asked questions
- What is share of employment outside the formal sector in Grenada?
- Share of employment outside the formal sector in Grenada was 42.88 in 2023, according to International Labour Organization.
- What is the highest share of employment outside the formal sector recorded in Grenada?
- The highest recorded value was 52.03 in 2019.
- What is the lowest share of employment outside the formal sector recorded in Grenada?
- The lowest recorded value was 41.99 in 2018.
- How does Grenada rank for share of employment outside the formal sector?
- Grenada ranks 33rd out of 81 countries with data for 2023.
- Is share of employment outside the formal sector rising or falling in Grenada?
- Over the last ten years it is up 2.1%. The long-run trend across the full record is falling.
- Where does this Grenada 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). 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.