Economic
Guyana Posts Historic Low Unemployment of 6.8%
Guyana's unemployment rate has fallen to a record low of 6.8%, the lowest in the country's history, reflecting a robust labour market and sustained economic expansion across oil and non-oil sectors.
According to the latest Guyana Labour Force Survey conducted by the Bureau of Statistics, the nation's unemployment rate has dropped to a historic low of 6.8%, marking a significant improvement in the labour market. This decline continues a downward trend from 12.8% in the first quarter of 2020 and underscores how the country's rapid economic growth, driven by oil and large-scale infrastructure projects, is translating into jobs. Employment is expanding in construction, services, agriculture, and public works, while job creation has outpaced labour-force growth. The government cited prudent fiscal management and investment in social programmes as key to sustaining this low unemployment. However policymakers note the need to ensure skills development keeps pace with structural shifts in the economy.
- Status
- active
- Location
- Georgetown, Guyana
- Date added
- 2026-03-26 09:50 UTC
- Last updated
- 2026-03-26 09:50 UTC
- Connected threats
- Not provided