Guyana’s Centre for Local Business Development executed a Labour Assessment study in Q3 2023 funded by the Greater Guyana Initiative (GGI).
The Centre undertook the study to assess the challenges of the labour market; fill gaps in existing labour and workforce data in five priority sectors through primary qualitative and quantitative data collection; select the five cross-cutting sectors critical to Guyana’s development and rapidly expanding economy; and make comprehensive recommendations regarding actions stakeholders can take to close workforce skills gaps in these sectors.
The study focused on five sectors critical to Guyana’s development: Agriculture, Construction, Health, Transport and Logistics, and Oil and Gas. Based on available data, the study assessed that these five sectors would require 52,396 additional workers by 2028, surpassing the projected available educational output for the entire economy.
According to the findings, high attrition rates, inadequate skill development, and limited immigration policies exacerbate labour shortages combined with escalating economic growth across the entire economy. Meeting the escalating demands will require a comprehensive approach, including increased educational and training capacities, focused immigration policies, and adopting mechanization and automation in certain industries.
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