4.65 percent.
In 2020, the unemployment rate in Guatemala was 4.65 percent.
Guatemala: Unemployment rate from 1999 to 2020.
| Characteristic | Unemployment rate |
|---|---|
| 2020 | 4.65% |
| 2019 | 2.36% |
| 2018 | 2.41% |
| 2017 | 2.46% |
Contents
What is the employment rate of Guatemala?
Guatemala: Distribution of employment by economic sector from 2009 to 2019
| Characteristic | Agriculture | Services |
|---|---|---|
| 2019 | 31.3% | 49.98% |
| 2018 | 31.74% | 49.54% |
| 2017 | 31.78% | 49.22% |
| 2016 | 29.38% | 49.61% |
Is there a lack of jobs in Guatemala?
According to the International Labor Organization, in 2017 Guatemala had an unemployment rate of 2.7%, one of the lowest in the region compared to 12.2% in Brazil, 10.8% in Colombia, 9.3% in Uruguay, or 8.4% from Paraguay.
What country has the highest unemployment rate 2020?
Here are the 10 countries with the highest rates of unemployment:
- Burkina Faso (77.00%)
- Syria (50.00%)
- Senegal (48.00%)
- Haiti (40.60%)
- Kenya (40.00%)
- Djibouti (40.00%)
- Republic of the Congo (36.00%)
- Marshall Islands (36.00%)
Which country has the lowest unemployment rate?
Lowest Unemployment Rates
- Qatar: 0.1%
- Solomon Islands: 0.5%
- Niger: 0.5%
- Lao People’s Democratic Republic: 0.6%
- Cambodia: 0.7%
- Bahrain: 0.8%
- Thailand: 0.8%
- Rwanda: 1%
What is the poverty rate in Guatemala?
59.3%
The poverty rate in Guatemala is very high. According to the World Bank, 59.3% of the population lives below the poverty line. In addition, 23% live in extreme poverty. The indigenous people in Guatemala are most affected by poverty.
What are Guatemala jobs like?
The conditions under which most Guatemalans work are less than desirable and often in violation of Guatemalan law. According to the nation’s labor laws, the minimum daily wage is US$3.00 for agricultural workers, US$3.30 for workers in commerce, US$3.38 for construction workers, and US$6.00 for specialized labor.
What is the minimum wage in Guatemala?
Guatemala’s minimum wage varies by sector. 81.87 Guatemalan quetzales per day for agricultural and nonagricultural work,74.89 quetzales per day for work in export-sector factories. Minimum wage workers get a mandatory monthly bonus of 250 quetzales.
What is the most common job in Guatemala?
The agriculture and service sectors each employ roughly 40% of Guatemala’s labour force, with the remainder engaged in construction and manufacturing (food processing, textile, chemical products, etc.). Fast-growing, the service industry accounts for the bulk of Guatemala’s GDP, with tourism as an important pillar.
What is the typical work day in Guatemala?
8 hours per day
Working Hours
The standard working day in Guatemala is 8 hours per day, 44 hours per week, and cannot exceed 12 hours per day. However, working hours do not apply to high-level executives or domestic employees.
What is China’s unemployment rate?
In 2020, the rate of registered unemployment in urban areas of China increased to about 4.2 percent due to the COVID-19 pandemic.
Unemployment rate in urban China from 2010 to 2020 with forecasts until 2026.
| Characteristic | Unemployment rate |
|---|---|
| 2020 | 4.24% |
| 2019 | 3.62% |
| 2018 | 3.8% |
| 2017 | 3.9% |
Why is Egypt unemployment rate so high?
The unemployment issue in Egypt is mainly about the educated youth seeking its first job. The mismatch of skills between job requirements and the qualification of job seekers, the high reservation wage of new school leavers, and limited labor mobility are at the root of the problem.
Who has the highest unemployment rate in the world 2021?
South Africa
According to a new report released on Tuesday by Bloomberg, South Africa has the highest unemployment rate on a global list of 82 countries as the jobless rate increased to 34.4 per cent in Q2 2021 from 32.6 per cent in Q1 2021.
What is the highest unemployment in the world?
Burkina Faso
In 2017, Burkina Faso had the highest unemployment rate in the world, at 77 percent. This means that for every 100 members of the workforce, 77 did not have jobs at the time of the survey.
Which country has the highest employment rate in the world?
The adult employment rate in 2020 was higher in Switzerland than any other Organization for Economic Cooperation and Development (OECD) country, at 79.9 percent.
Employment rate in OECD countries in 2020.
| Characteristic | Employment rate |
|---|---|
| Germany* | 76.7% |
| Sweden | 75.5% |
| United Kingdom | 75.3% |
| Norway | 74.7% |
What is the global unemployment rate 2021?
For the European countries, one of reasons for the persistent worker shortages is the ageing population (figure 2), which also implies an increase in the number of retirements in the medium-term, not likely to be offset by young people joining the labour force.
Why Guatemala is so poor?
Many depend on farming inherited land as their sole source of income, contributing to cyclical poverty in Guatemala. As 65 percent of the land is controlled by 2.5 percent of farms, land is passed down through families and most consider farming one of their only options.
Is Guatemala the poorest country in Central America?
Guatemala
Guatemala has the largest economy in Central America, but more than half of its citizens live below the poverty line. Guatemala’s per capita GDP is $3,838 making it the fourth-poorest country in North America.
Is Guatemala rich or poor?
Measured by its GDP per capita (US$4,603 in 2020), Guatemala is an upper middle-income country. However, the economic stability and upper middle-income status have not translated to a significant reduction in poverty and inequality.
What is the main currency of Guatemala?
Guatemalan quetzal
The Guatemalan quetzal (GTQ) is the official currency of Guatremala, first appearing in 1924. The quetzal is a free floating currency, but was once pegged to the U.S. dollar and before that adhered to the gold standard. Guatemala is the largest economy in Central America, and tenth-largest in Latin America.
What are 5 interesting facts about Guatemala?
11 Surprising Cultural Facts You Didn’t Know About Guatemala
- The national bird lends its name to the Guatemalan currency.
- Guatemala means “land of many trees”
- It has been inhabited for 20,000 years.
- 22 languages are spoken in the country.
- The CIA overthrew a socialist government in 1954.
