Wage bill as a percentage of GDP in Guyana
Guyana: Wage bill as a percentage of GDP was 2.9% in 2022. ▼ Falling
Latest (2022)
2.9%
Change on year
down 39.9%
World rank
183rd
of 191 countries
All-time high
6.4%
in 2019
All-time low
2.9%
in 2022
Years of data
23
2000–2022
Wage bill as a percentage of GDP in Guyana, 2000–2022
Source: World Bank.
Analysis
In 2022, wage bill as a percentage of gdp in Guyana stood at 2.9%. That is the lowest value across all 23 years on record.
The figure is down 39.9% on the previous year and down 30.7% over ten years.
Over the whole period, wage bill as a percentage of gdp in Guyana peaked at 6.4% in 2019 and was at its lowest, 2.9%, in 2022.
Guyana ranks 183rd of 191 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 23 years of available data.
Wage bill as a percentage of GDP in Guyana, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 5.2% | — |
| 2001 | 5.3% | +0.4% |
| 2002 | 5.5% | +4.2% |
| 2003 | 5.9% | +7.4% |
| 2004 | 5.3% | -10.0% |
| 2005 | 5.4% | +2.1% |
| 2006 | 5.3% | -2.5% |
| 2007 | 4.9% | -7.5% |
| 2008 | 4.7% | -3.5% |
| 2009 | 4.9% | +4.8% |
| 2010 | 4.8% | -2.4% |
| 2011 | 4.6% | -4.3% |
| 2012 | 4.2% | -9.2% |
| 2013 | 4.5% | +7.3% |
| 2014 | 5.0% | +10.4% |
| 2015 | 5.1% | +1.8% |
| 2016 | 5.3% | +5.5% |
| 2017 | 5.6% | +4.1% |
| 2018 | 6.0% | +7.7% |
| 2019 | 6.4% | +6.3% |
| 2020 | 6.3% | -0.9% |
| 2021 | 4.8% | -23.2% |
| 2022 | 2.9% | -39.9% |
Guyana compared with similar countries
- Guyana's 2.9% is below the median for high income countries, which is 10.0%, 29% of the median. (64 countries reporting)
- Guyana's 2.9% is below the median for Latin America & Caribbean, which is 7.5%, 39% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.2% | 4.7% | 5.9% | 10 |
| 2010s | 5.1% | 4.2% | 6.4% | 10 |
| 2020s | 4.7% | 2.9% | 6.3% | 3 |
Countries ranked near Guyana
More reference data data for Guyana
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.0396 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0791 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.2193 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0297 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.2193 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.1326 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.0457 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.4179 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 1.05 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.1619 (2050)
Frequently asked questions
- What is wage bill as a percentage of gdp in Guyana?
- Wage bill as a percentage of gdp in Guyana was 2.9% in 2022, according to the World Bank.
- What is the highest wage bill as a percentage of gdp recorded in Guyana?
- The highest recorded value was 6.4% in 2019.
- What is the lowest wage bill as a percentage of gdp recorded in Guyana?
- The lowest recorded value was 2.9% in 2022.
- How does Guyana rank for wage bill as a percentage of gdp?
- Guyana ranks 183rd out of 191 countries with data for 2022.
- Is wage bill as a percentage of gdp rising or falling in Guyana?
- Over the last ten years it is down 30.7%. The long-run trend across the full record is falling.
- Where does this Guyana data come from?
- The figures come from the World Bank, published as part of Wage bill as a percentage of GDP. Statizoid updates them automatically from the source API.
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CSV · JSON — 23 observations, free to reuse under CC BY 4.0 (World Bank Open Data).