Guyana: Male labor force participation
* indicates monthly or quarterly data series
| Guyana |
Male labor force participation rate |
|---|---|
| Latest value | 62.49 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1991 - 2023 |
| Average | 73.80 |
| Min - Max | 60.22 - 81.07 |
| Source | The World Bank |
The latest value from 2023 is 62.49 percent, an increase from 61.92 percent in 2022. In comparison, the world average is 70.48 percent, based on data from 178 countries. Historically, the average for Guyana from 1991 to 2023 is 73.8 percent. The minimum value, 60.22 percent, was reached in 2021 while the maximum of 81.07 percent was recorded in 1991.
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The male labor force participation rate is the percent of the male population ages 15 and older who are economically active. That includes the employed people as well as the unemployed people.
Definition: Labor force participation rate is the proportion of the population ages 15 and older that is economically active: all people who supply labor for the production of goods and services during a specified period.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Labor force | 0.30 | 2023 | million people |
| Unemployment rate | 12.43 | 2023 | percent |
| Female unemployment | 12.04 | 2023 | percent |
| Male unemployment | 9.18 | 2023 | percent |
| Youth unemployment | 21.94 | 2023 | percent |
| Labor force participation | 50.67 | 2023 | percent |
| Labor force: percent female | 40.41 | 2023 | percent |
| Female labor force participation | 39.61 | 2023 | percent |
| Male labor force participation | 62.49 | 2023 | percent |
| Self-employment | 34.41 | 2022 | percent |
| Informal employment | 56.50 | 2019 | percent |