Guyana

Basic country data

  • Population 60 and over (2018)
  • 69,644
  • % of total
  • 8.9%
  • Population 60 and over (2050)
  • 125,941
  • % of total
  • 16.1%
  • Total pension coverage*
  • 100%
  • Does the country have a social pension?
  • Yes
  • Region
  • Latin America & Caribbean
  • Income group
  • Upper middle income

% of older people (65+) receiving a pension, by type

Data on social pensions

Old Age Pension

Basic scheme information

Data on social pensions

  • Name of pension or programme
  • Old Age Pension
  • Year first social pension introduced
  • 1944
  • Administrative Organisation
  • Ministry of Labour, Human Services and Social Security

Eligibility criteria

Adequacy

2015

Government of Guyana: Budget speech 2015

Coverage

  • Number of recipients
  • 42,397
  • Coverage of population over the age of eligibility
  • 110.4%
  • Coverage of population 60+
  • 66.5%
  • References and notes

2015

HelpAge Calculation

Cost

  • Total cost (local currency)
  • 8,648,988,000 Guyanese Dollar
  • Cost as % of GDP
  • 1.3%
  • References and notes

In 2011 it was proposed to remove 17,000 people from Guyana's social pension register. Although this proposal was rejected it stirred up strong feelings amongst older people in Guyana. In this video two older people talk about why they think it's right for everyone to receive the pension.

Resources on the pension in Guyana

Social pensions database

Explore the Social pensions database

Calculator

Calculate the cost of a universal pension in your country