Editing Economy of Guyana

{{Short description|none}}
{{outdated|date=December 2024}}
{{Infobox economy
| country = Guyana
| image = 20191122 Guyana 0082 Georgetown sRGB (49295764796).jpg
| image_size = 310px
| caption = Downtown [[Georgetown, Guyana]]
| currency = [[Guyanese dollar]] (GYD)
| fixed exchange = 
| year = Calendar year
| organs = [[CARICOM]], [[WTO]], [[Forum for the Progress and Development of South America|Prosur]], [[Union of South American Nations|Unasur]], [[Mercosur]] (associate)
| group = {{plainlist|
* [[Developing country|Developing/Emerging]]<ref>{{cite web |url=https://www.imf.org/external/pubs/ft/weo/2019/01/weodata/weoselco.aspx?g=2200&sg=All+countries+%2f+Emerging+market+and+developing+economies |title=World Economic Outlook Database, April 2019 |publisher=[[International Monetary Fund]] |website=IMF.org |access-date=29 September 2019}}</ref>
* [[World Bank high-income economy|High-income economy]]<ref>{{cite web |url=https://datahelpdesk.worldbank.org/knowledgebase/articles/906519-world-bank-country-and-lending-groups |title=World Bank Country and Lending Groups |publisher=[[World Bank]] |website=datahelpdesk.worldbank.org |access-date=29 September 2019}}</ref>}}
| population = {{increase}} 743,700 (Q1, 2024)<ref name="CIAWFGY"/>
| gdp = {{plainlist|
* {{increase}} $24.48 billion (nominal; 2025)<ref name="IMFWEOGY">{{cite web |url=https://www.imf.org/en/Publications/WEO/weo-database/2024/April/weo-report?c=336,&s=NGDP_RPCH,NGDPD,PPPGDP,NGDPDPC,PPPPC,PCPIPCH,&sy=2022&ey=2029&ssm=0&scsm=1&scc=0&ssd=1&ssc=0&sic=0&sort=country&ds=.&br=1 |title=Report for Selected Countries and Subjects: April 2024|publisher=[[International Monetary Fund]]|website=imf.org}}</ref>
* {{increase}} $70.822 billion (PPP; 2025)<ref name="IMFWEOGY"/>}}
| gdp rank = {{plainlist|
* [[List of countries by GDP (nominal)|124th (nominal, 2024)]]
* [[List of countries by GDP (PPP)|115th (PPP, 2024)]]}}
| growth = {{plainlist|  
* 33%&nbsp;(2023)
* 34%&nbsp;(2024)
* 19%&nbsp;(2025)<ref name="IMFWEOGY"/>
}}
| per capita = {{plainlist|
* {{increase}} $30,652 (nominal; 2025)<ref name="IMFWEOGY"/>
* {{increase}} $91,380 (PPP; 2025)<ref name="IMFWEOGY"/>}}
| per capita rank = {{plainlist|
* [[List of countries by GDP (nominal) per capita|42nd (nominal, 2024)]]
* [[List of countries by GDP (PPP) per capita|10th (PPP, 2024)]]}}
| sectors = {{plainlist|
* [[Primary sector of the economy|agriculture]]: 15.4%
* [[Secondary sector of the economy|industry]]: 15.3%
* [[Tertiary sector of the economy|services]]: 69.3%
* (2017 est.)<ref name="CIAWFGY">{{cite web|url=https://www.cia.gov/the-world-factbook/countries/guyana/ |title=The World Factbook |publisher=[[Central Intelligence Agency]] |website=CIA.gov |access-date=10 February 2019}}</ref>}}
| components = 
| inflation = 4.5% (2023)<ref name="IMFWEOGY"/>
| poverty = 35% (2006 est.)<ref name="CIAWFGY"/>
| gini = 44.6 {{color|darkorange|medium}} (2007)<ref name="CIAWFGY"/>
| hdi = {{plainlist|
* {{increase}} 0.742 {{color|green|high}} (2022)<ref name="gyhdi">{{Cite web |date=13 March 2024 |title=Human Development Report 2023/2024 |url=https://hdr.undp.org/system/files/documents/global-report-document/hdr2023-24reporten.pdf|url-status=live |archive-url=https://web.archive.org/web/20240313164319/https://hdr.undp.org/system/files/documents/global-report-document/hdr2023-24reporten.pdf |archive-date=13 March 2024 |access-date=13 June 2024 |publisher=[[United Nations Development Programme]] |language=en}}</ref> ([[List of countries by Human Development Index|95th]])
* N/A [[List of countries by inequality-adjusted Human Development Index|IHDI]] (2022)}}
| edbr = {{steady}} [[Ease of doing business index#Ranking|134th (medium, 2020)]]<ref name="World Bank and International Financial Corporation">{{cite web |url=http://www.doingbusiness.org/data/exploreeconomies/guyana |title=Ease of Doing Business in Guyana |publisher=Doingbusiness.org |access-date=2017-01-23 }}</ref>
| labor = {{plainlist|
* {{increase}} 299,147 (2021)<ref>{{cite web |title=Labor force, total - Guyana |url=https://data.worldbank.org/indicator/SL.TLF.TOTL.IN?locations=GY |website=data.worldbank.org |publisher=World Bank |access-date=11 September 2022}}</ref>
* {{increase}} 43.3% employment rate (2019)<ref>{{cite web |title=Employment to population ratio, 15+, total (%) (national estimate) - Guyana |url=https://data.worldbank.org/indicator/SL.EMP.TOTL.SP.NE.ZS?locations=GY |website=data.worldbank.org |publisher=World Bank |access-date=11 September 2022}}</ref>}}
| occupations = N/A
| unemployment = {{plainlist|
* {{increaseNegative}} 16.4% (2019)<ref name="CIAWFGY"/>
* {{increaseNegative}} 29.9% youth unemployment (2021; 15 to 24 year-olds)<ref name="CIAWFGY"/>
* Number of people unemployed: N/A}}
| exports = {{increase}} $5.721 billion (2021)<ref name="CIAWFGY"/>
| export-goods = [[crude petroleum]], [[sugar]], [[gold]], [[bauxite]], [[alumina]], [[rice]], [[shrimp]], [[molasses]], [[rum]], [[timber]], railway shipping containers
| imports = {{increase}} $6.661 billion (2021)<ref name="CIAWFGY"/>
| import-goods = floating drilling platforms, [[refined petroleum]], [[valves]], [[construction vehicles]], [[cars]] [[manufacturing]], [[machinery]], [[food]]
| export-partners = {{plainlist|
* {{flag|United States}} 42%
* {{flag|Singapore}} 16%
* {{flag|UAE}} 6.9%
* {{flag|United Kingdom}} 6.9%
* {{flag|Canada}} 6.6%
* {{fact|date=October 2022}}}}
| import-partners = {{plainlist|
* {{flag|Singapore}} 33%
* {{flag|United States}} 19%
* {{flag|Trinidad and Tobago}} 12%
* {{flag|China}} 8%
* {{flag|Brazil}} 2%<ref name="CIAWFGY"/>}}
| current-account = {{decreaseNegative}} −$1.660 billion (Q3 2021)<ref name=wto>{{cite web|title=Canada – WTO Statistics Database|url=http://stat.wto.org/CountryProfile/WSDBCountryPFView.aspx?Country=CA|work=[[World Trade Organization]]|access-date=March 1, 2017|archive-url=https://web.archive.org/web/20170906091202/http://stat.wto.org/CountryProfile/WSDBCountryPFView.aspx?Country=CA|archive-date=September 6, 2017|url-status=dead}}</ref>
| gross external debt = {{decreasePositive}} $1.38 billion (Q1 2022)<ref name="CIAWFGY"/>
| debt = {{decreasePositive}} 44% of GDP (2021 est.)<ref name="CIAWFGY"/>
| balance = −5.3% (of GDP) (2020){{fact|date=October 2022}}
| revenue = 1.002 billion (2017)<ref name="CIAWFGY"/>
| expenses = 1.164 billion (2017)<ref name="CIAWFGY"/>
| aid = $5.8 million (2020)<ref>{{cite web|title=Net official development assistance and official aid received (current US$) – Guyana|url=https://data.worldbank.org/indicator/DT.ODA.ALLD.CD?locations=GY |website=[[OECD]] |access-date=September 12, 2022}}</ref>
| credit = N/A
}}
The '''economy of Guyana''' is one of the [[List of countries by real GDP growth rate|fastest growing economies]] in the world, with a gross domestic product (GDP) growth of 19.9% in 2021.<ref name="Nasdaq">{{cite web |url= https://www.nasdaq.com/articles/the-five-fastest-growing-economies-in-the-world-2020-10-16 |title=The Five Fastest Growing Economies in the World, October 2020 |publisher=Nasdaq |website=Nasdaq.com |access-date=14 December 2020}}</ref> In 2024, [[Guyana]] had a per capita [[gross domestic product]] ([[purchasing power parity]]) of [[Int$]]80,137 and an average GDP growth of 4.2% over the previous decade.<ref name="IMFWEOGY"/> Guyana's economy was transformed in 2015 with the discovery of an offshore oil field in the country's waters about 190&nbsp;km from [[Georgetown, Guyana|Georgetown]], making the first commercial-grade [[Petroleum|crude oil]] draw in December 2019, sending it abroad for refining.<ref name="Nasdaq"/>

==Overview==
Developed in conjunction with the [[World Bank]] and the [[International Monetary Fund]] (IMF), an economic recovery program significantly reduced the government's role in the economy, encouraged foreign investment, enabled the government to clear all its arrears on loan repayments to foreign governments and the multilateral banks, and brought about the sale of 15 of the 41 government-owned ([[parastatal]]) businesses. The cellphone company and assets in the timber, rice, and fishing industries also were privatized. International corporations were hired to manage the huge state sugar company, [[GuySuCo]], and the most significant  state [[bauxite]] mine. An American company was allowed to open a bauxite mine, and two Canadian companies were permitted to develop the largest open-pit [[gold mine]] in [[South America]]. However, efforts to privatize the two state-owned bauxite mining companies, [[Berbice]] Mining Company and [[Linden, Guyana|Linden]] Mining Company have so far been unsuccessful.

Most price controls were removed, the laws affecting mining and oil exploration were improved, and an investment policy receptive to foreign investment was announced. Tax reforms designed to promote exports and agricultural production in the private sector were enacted.

=== Debt ===
Since 1986, Guyana has received its entire wheat supply from the United States on concessional terms under a PL 480 [[Food for Peace]] programme. It is now supplied on a grant basis. The Guyanese currency generated by the sale of the wheat is used for purposes agreed upon by the U.S. and Guyana Governments. As with many developing countries, Guyana is heavily indebted. Reduction of the debt burden has been one of the present administration's top priorities. In 1999, through the [[Paris Club]] "Lyons terms" and the [[Heavily Indebted Poor Countries]] (HIPC) initiative Guyana managed to negotiate $256 million in [[debt relief|debt forgiveness]].

In qualifying for HIPC assistance, for the first time, Guyana became eligible for a reduction of its multilateral debt. About half of Guyana's debt is owed to the multilateral development banks and 20% to its neighbour [[Trinidad and Tobago]], which until 1986 was its principal supplier of petroleum products. Almost all debt to the U.S. government has been forgiven. In late 1999, net international reserves were at $123.2 million, down from $254 million in 1994. However, net international reserves had rebounded to $174.1 million by January 2001.

Guyana's extremely high debt burden to foreign creditors has meant limited availability of foreign exchange and reduced capacity to import necessary raw materials, spare parts, and equipment, thereby further reducing production. The increase in global fuel costs also contributed to the country's decline in production and growing trade deficit. The decline of production has increased unemployment. Although no reliable statistics exist, combined unemployment and underemployment are estimated at 30%.

Emigration, principally to the U.S. and Canada, remains substantial. Net emigration in 1998 was estimated to be about 1.4 percent of the population, and in 1999, this figure totalled 1.2 percent. After years of a state-dominated economy, the mechanisms for private investment, domestic or foreign, are still evolving. The shift from a state-controlled economy to a primarily mixed economic system began under [[Desmond Hoyte]] and continued under [[People's Progressive Party (Guyana)|PPP]]/CIVIC governments. The current PPP/C administration recognizes the need for foreign investment to create jobs, enhance technical capabilities, and generate goods for export.

The [[foreign exchange market]] was fully liberalized in 1991, and currency is now freely traded without restriction. The rate is subject to change on a daily basis, but the [[Guyana dollar]] has depreciated 17.6% from 1998 to 2000 and may depreciate further pending the stability of the post-election period.

== Economic history ==

=== European settlement and plantation workforce ===
The Dutch were the first to settle Guyana in the 1600s, engaging in trade with the Amerindians and establishing plantations. It was soon discovered that the soil and climate were ideal for growing sugar cane and slaves from Africa were brought in to work on these plantations. The colonies of the Guianas were merged and taken into the British empire. When slavery was abolished, a new wave of labour was brought from India as indentured servants. Politics was greatly controlled by powerful plantation owners. Portuguese and Chinese also came into the country as agricultural labour, but eventually settled into their own specific service industries.<ref>{{Cite web|title=Guyana - HISTORY OF THE ECONOMY|url=http://countrystudies.us/guyana/54.htm|access-date=2020-12-04|website=countrystudies.us}}</ref>

=== Nationalization ===
When Guyana became independent from British rule, there was a great need to ensure the economy was locally-owned after centuries of foreign involvement. Socialist policies were of great interest at the time, and nearly every sector of industry was nationalized during the Burnham presidency of the 1970s, with new agencies established to support the poor and working class. Initially, government investment was successful to aid growth, but lacked management skills and was weak in the face of world commodity prices and competition. Economic and political strife went hand in hand, and the population dwindled from resulting waves of emigration.<ref>{{Cite web|title=Guyana - HISTORY OF THE ECONOMY - Postindependence|url=http://countrystudies.us/guyana/55.htm|access-date=2020-12-04|website=countrystudies.us}}</ref>

=== Opening of markets ===
The economy made dramatic progress after President Hoyte's 1989 economic recovery program. As a result, Guyana's GDP increased 6% in 1991 following 15 years of decline. Growth was consistently above six percent until 1995, when it dipped to 5.1 percent. The government reported that the economy grew at a rate of 7.9 percent in 1996, 6.2 percent in 1997, and fell 1.3 percent in 1998. The 1999 growth rate was three percent. The unofficial growth rate in 2005 was 0.5 percent. In 2006, it was 3.2%.

== Infrastructure ==
{{Main|Electricity in Guyana|Transport in Guyana|Water supply and sanitation in Guyana}}
Infrastructure is primarily concentrated on the coast, and there is difficulty in building up industries in the hinterlands due to limitations of access and energy.

==Major economic sectors==
Agriculture and mining are Guyana's <nowiki>most</nowiki> important economic activities, with sugar, bauxite, rice, and gold accounting for 70–75 percent of export earnings. However, the rice sector experienced a decline in 2000, with export earnings down 27 percent through the third quarter of 2000. Ocean shrimp exports, which were heavily impacted by a one-month import ban to the United States in 1999, accounted for only 3.5 percent of total export earnings that year. Shrimp exports rebounded in 2000, representing 11 percent of export earnings through the third quarter of 2000. Other exports include timber, diamonds, garments, rum, and pharmaceuticals. The value of these other exports is increasing.

=== Agriculture ===
{{main|Agriculture in Guyana}}
Sugar is the most historically important product of Guyana, however, the industry has been in decline due to global competition and other factors. It still is a major export, along with its related products molasses and rum.<ref name=":0">{{Cite web|title=South America :: Guyana — The World Factbook - Central Intelligence Agency|url=https://www.cia.gov/the-world-factbook/countries/guyana/|access-date=2020-12-04|website=www.cia.gov}}</ref> [[Banks DIH]] and [[El Dorado Rum|Demerara Distilleries]] are the countries' only distillers, but Guyana is world's 14th largest exporter of rum.<ref>{{Cite web|title=Guyana's Rum Industry on an economic high|url=https://guyanachronicle.com/2013/11/16/guyanas-rum-industry-on-an-economic-high/|access-date=2021-01-20|website=Guyana Chronicle|date=16 November 2013 |language=en-US}}</ref>

In 2018, Guyana produced 1.2 million tons of [[sugar cane]], 964 thousand tons of [[rice]], 136 thousand tons of [[coconut]], in addition to smaller productions of other products agricultural products, such as [[eggplant]] (47 thousand tons), [[pineapple]] (34 thousand tons), [[Black pepper|pepper]] (37 thousand tons), [[banana]] (23 thousand tons), [[Orange (fruit)|orange]] (21 thousand tons), [[cassava]] (20 thousand tons), etc.<ref>[http://www.fao.org/faostat/en/#data/QC/ Guyana production in 2018, by FAO]</ref>

=== Mining ===
{{main|Mining in Guyana}}
Mining has surpassed the economic importance of sugar in recent years, making up a sizable portion of Guyana's GDP. The large-scale gold and bauxite mining operations are all foreign-owned, but the vast proportion of gold and diamond mining is done by small and [[medium-scale mining|medium-scale]] miners.

=== Petroleum ===
{{Main articles|Petroleum industry in Guyana}}
In the 2010's, significant off-shore oil finds by Exxon has renewed interest in foreign investment in the country. A 2018 estimate predicts Guyana's oilfields are holding over 3.2 billion barrels.<ref name=":0" /> Off-shore crude oil extraction began in 2019. 

By 2024, [[Extraction of petroleum|oil production]] in Guyana had soared to approximately 645,000 barrels per day (bpd), marking a significant increase from 98,000 bpd in its initial full year of production. Guyana increased crude oil production by an annual average of 98,000 b/d from 2020 to 2023, making it the third-fastest growing non-OPEC producing country during this period. The expansion of this sector has significantly contributed to the national economy, with the petroleum industry driving a 62.3 percent GDP growth in 2022, the highest globally according to the [[International Monetary Fund|IMF]]. Looking forward, Guyana plans to further boost its production capacity to about 1.3 million bpd by 2027 through the development of new projects like Yellowtail, Uaru, and Whiptail.<ref>{{Cite web |title=Guyana becomes key contributor to global crude oil supply growth |url=https://www.eia.gov/todayinenergy/detail.php?id=62103 |access-date=2024-08-22 |website=U.S. Energy Information Administration |language=en-US}}</ref>
In December 2024, Guyana became the third largest per capita petroleum producing country in the world.<ref>{{cite web | url=https://www.caribbeanlife.com/guyana-now-third-largest-per-capita-oil-producer-in-the-world/ | title=Guyana now third largest per-capita oil producer in the world – Caribbean Life | date=20 December 2024 }}</ref>

==== 2025 ====
In the first quarter of 2025, Guyana’s Natural Resource Fund (NRF) received USD 605.5 million in oil revenues, including seven profit oil payments and one royalty payment. These payments were for oil produced from January to March 2025, with two payments related to December 2024 lifts. Despite an increase in daily production, the country's earnings are expected to decline due to a projected 10.9% drop in oil prices, forecasted at USD 71.9 per barrel for 2025. In 2024, Guyana's oil production grew by 57.7%, yielding 225.4 million barrels and generating USD 2.6 billion in revenue. Under the 2016 Production Sharing Agreement, Guyana receives a 2% share of oil sold and a 12.5% profit share after [[ExxonMobil]]'s expenses. The country is also set to have 246 oil lifts in 2025.<ref>{{Cite web |title=Guyana received USD 605 million oil money in first quarter of 2025 |url=https://www.surinametimes.com/artikel/guyana-received-usd-605-million-oil-money-in-first-quarter-of-2025 |access-date=2025-04-08 |website=www.surinametimes.com |language=en}}</ref>

=== Forestry ===
Guyana contains the "largest unspoiled rainforests on the continent".<ref name=":0" /> Despite the vast forests covering the country, the timber industry has remained small due to infrastructural limitations such as undeveloped roads and lacking or unreliable electricity to milling operations.<ref>{{Cite web|title=Guyana - Forestry|url=http://countrystudies.us/guyana/65.htm|access-date=2020-12-04|website=countrystudies.us}}</ref>

The country also sees large financial contributions from international organizations looking to protect the forests.

=== Fishing ===
Most of what is fished is consumed locally, but there is a sizable export market for ocean shrimp. Overfishing of shrimp has led to [[Atlantic seabob]] becoming the most commercially important catch.  Commercial fishing is mostly marine, as inland fishing is mostly attributed to subsistence fishing done by Amerindians.<ref>{{Cite web|title=FAO Fisheries & Aquaculture - Country Profile|url=http://www.fao.org/fishery/facp/GUY/en|access-date=2020-12-04|website=www.fao.org}}</ref>

== Data ==
The following table shows the main economic indicators in 1980–2028 (with IMF staff estimates for 2021–2028). Inflation below 3% is in green.<ref>{{cite web |date=October 2024 |title=Report for Selected Countries and Subjects |url=https://www.imf.org/external/datamapper/profile/GUY |access-date=2025-02-10 |website=International Monetary Fund (IMF) |language=en-US}}</ref>
{| class="wikitable" style="text-align: center;"
!Year
!GDP
<small>(in Bil. US$PPP)</small>
!GDP per capita
<small>(in US$ PPP)</small>
!'''GDP'''
<small>(in Bil. US$nominal)</small>
!'''GDP per capita'''
<small>(in US$ nominal)</small>
!GDP growth
<small>(real)</small>
!Inflation rate
<small>(in Percent)</small>
!Unemployment
<small>(in Percent)</small>
!Government debt
<small>(in % of GDP)</small>
|-
|1980
|{{Increase}}1.88
|{{Increase}}2,421.5
|{{Increase}}0.84
|{{Increase}}1,101.9
|{{Decrease}}-2.1%
|{{IncreaseNegative}}14.1%
|7.1%
|n/a
|-
|1981
|{{Increase}}2.07
|{{Increase}}2,711.7
|{{Decrease}}0.81
|{{Decrease}}1,055.8
|{{Increase}}0.6%
|{{IncreaseNegative}}22.2%
|{{IncreaseNegative}}7.6%
|n/a
|-
|1982
|{{Decrease}}2.01
|{{Decrease}}2,625.2
|{{Decrease}}0.69
|{{Decrease}}904.9
|{{Decrease}}-8.9%
|{{IncreaseNegative}}20.6%
|{{IncreaseNegative}}9.7%
|n/a
|-
|1983
|{{Decrease}}1.85
|{{Decrease}}2,421.5
|{{Increase}}0.70
|{{Increase}}921.5
|{{Decrease}}-11.5%
|{{IncreaseNegative}}15.3%
|{{DecreasePositive}}9.6%
|n/a
|-
|1984
|{{Increase}}1.95
|{{Increase}}2,574.7
|{{Decrease}}0.65
|{{Decrease}}861.1
|{{Increase}}2.1%
|{{IncreaseNegative}}25.1%
|{{DecreasePositive}}7.5%
|n/a
|-
|1985
|{{Increase}}2.02
|{{Increase}}2,682.4
|{{Increase}}0.70
|{{Increase}}924.3
|{{Increase}}0.4%
|{{IncreaseNegative}}15.0%
|{{DecreasePositive}}7.1%
|n/a
|-
|1986
|{{Increase}}2.06
|{{Increase}}2,751.3
|{{Increase}}0.79
|{{Increase}}1,053.7
|{{Decrease}}-0.2%
|{{IncreaseNegative}}7.9%
|{{DecreasePositive}}7.0%
|n/a
|-
|1987
|{{Increase}}2.11
|{{Increase}}2,841.5
|{{Decrease}}0.73
|{{Decrease}}982.3
|{{Decrease}}-0.1%
|{{IncreaseNegative}}28.7%
|{{DecreasePositive}}6.1%
|n/a
|-
|1988
|{{Decrease}}2.05
|{{Decrease}}2,790.8
|{{Increase}}0.83
|{{Increase}}1,125.9
|{{Decrease}}-6.0%
|{{IncreaseNegative}}33.9%
|{{DecreasePositive}}5.4%
|n/a
|-
|1989
|{{Decrease}}2.03
|{{Increase}}2,791.0
|{{Steady}}0.83
|{{Increase}}1,146.2
|{{Decrease}}-4.9%
|{{IncreaseNegative}}89.5%
|{{DecreasePositive}}5.2%
|n/a
|-
|1990
|{{Increase}}2.04
|{{Increase}}2,831.7
|{{Decrease}}0.69
|{{Decrease}}951.0
|{{Decrease}}-3.0%
|{{IncreaseNegative}}64.3%
|{{IncreaseNegative}}5.6%
|n/a
|-
|1991
|{{Increase}}2.24
|{{Increase}}3,112.5
|{{Increase}}0.74
|{{Increase}}1,036.9
|{{Increase}}6.0%
|{{IncreaseNegative}}103.1%
|{{IncreaseNegative}}6.8%
|n/a
|-
|1992
|{{Increase}}2.46
|{{Increase}}3,429.4
|{{Increase}}0.82
|{{Increase}}1,145.8
|{{Increase}}7.8%
|{{IncreaseNegative}}26.7%
|{{IncreaseNegative}}7.4%
|n/a
|-
|1993
|{{Increase}}3.73
|{{Increase}}3,789.2
|{{Increase}}1.00
|{{Increase}}1,393.0
|{{Increase}}8.2%
|{{IncreaseNegative}}8.4%
|{{DecreasePositive}}6.9%
|n/a
|-
|1994
|{{Decrease}}3.02
|{{Increase}}4,180.9
|{{Increase}}1.18
|{{Increase}}1,626.9
|{{Increase}}8.5%
|{{IncreaseNegative}}12.4%
|{{DecreasePositive}}6.1%
|n/a
|-
|1995
|{{Increase}}3.24
|{{Increase}}4,459.7
|{{Increase}}1.33
|{{Increase}}1,832.4
|{{Increase}}5.1%
|{{IncreaseNegative}}12.2%
|{{DecreasePositive}}5.5%
|n/a
|-
|1996
|{{Increase}}3.56
|{{Increase}}4,882.5
|{{Increase}}1.50
|{{Increase}}2,048.5
|{{Increase}}8.0%
|{{IncreaseNegative}}7.1%
|{{DecreasePositive}}5.4%
|n/a
|-
|1997
|{{Increase}}3.85
|{{Increase}}5,245.1
|{{Increase}}1.59
|{{Increase}}2,161.6
|{{Increase}}6.2%
|{{IncreaseNegative}}3.6%
|{{DecreasePositive}}4.9%
|101.4%
|-
|1998
|{{Increase}}3.83
|{{Decrease}}5,192.4
|{{Decrease}}1.50
|{{Decrease}}2,035.9
|{{Decrease}}-1.7%
|{{IncreaseNegative}}4.6%
|{{DecreasePositive}}4.5%
|{{IncreaseNegative}}108.0%
|-
|1999
|{{Increase}}4.00
|{{Increase}}5,400.8
|{{Decrease}}1.49
|{{Decrease}}2,010.8
|{{Increase}}3.0%
|{{IncreaseNegative}}7.5%
|{{DecreasePositive}}4.2%
|{{DecreasePositive}}97.1%
|-
|2000
|{{Increase}}4.03
|{{Increase}}5,434.1
|{{Increase}}1.50
|{{Increase}}2,017.2
|{{Decrease}}-1.3%
|{{IncreaseNegative}}6.1%
|{{DecreasePositive}}3.9%
|{{IncreaseNegative}}97.2%
|-
|2001
|{{Increase}}4.22
|{{Increase}}5,673.3
|{{Steady}}1.50
|{{Increase}}2,023.6
|{{Increase}}2.3%
|{{Increase}}2.6%
|{{IncreaseNegative}}4.7%
|{{IncreaseNegative}}104.6%
|-
|2002
|{{Increase}}4.33
|{{Increase}}5,828.4
|{{Increase}}1.56
|{{Increase}}2,093.0
|{{Increase}}1.1%
|{{IncreaseNegative}}5.4%
|{{IncreaseNegative}}5.7%
|{{IncreaseNegative}}105.1%
|-
|2003
|{{Increase}}4.39
|{{Increase}}5,909.2
|{{Increase}}1.59
|{{Increase}}2,144.1
|{{Decrease}}-0.7%
|{{IncreaseNegative}}6.0%
|{{IncreaseNegative}}5.9%
|{{DecreasePositive}}95.6%
|-
|2004
|{{Increase}}4.58
|{{Increase}}6,116.0
|{{Increase}}1.66
|{{Increase}}2,333.0
|{{Increase}}1.6%
|{{IncreaseNegative}}4.7%
|{{DecreasePositive}}5.5%
|{{IncreaseNegative}}91.8%
|-
|2005
|{{Increase}}4.63
|{{Increase}}6,233.0
|{{Increase}}1.71
|{{Increase}}2,305.9
|{{Decrease}}-1.9%
|{{IncreaseNegative}}6.9%
|{{DecreasePositive}}5.0%
|{{DecreasePositive}}90.7%
|-
|2006
|{{Increase}}5.02
|{{Increase}}6,741.1
|{{Increase}}1.90
|{{Increase}}2,551.8
|{{Increase}}5.1%
|{{IncreaseNegative}}6.7%
|{{DecreasePositive}}4.6%
|{{DecreasePositive}}74.5%
|-
|2007
|{{Increase}}5.51
|{{Increase}}7,389.4
|{{Increase}}2.23
|{{Increase}}2,982.2
|{{Increase}}7.0%
|{{IncreaseNegative}}12.2%
|{{Steady}}4.6%
|{{DecreasePositive}}47.0%
|-
|2008
|{{Increase}}5.73
|{{Increase}}7,659.5
|{{Increase}}2.49
|{{Increase}}3,329.6
|{{Increase}}2.0%
|{{IncreaseNegative}}8.1%
|{{IncreaseNegative}}5.8%
|{{IncreaseNegative}}47.6%
|-
|2009
|{{Increase}}5.96
|{{Increase}}7,932.6
|{{Increase}}2.60
|{{Increase}}3,457.4
|{{Increase}}3.3%
|{{IncreaseNegative}}3.0%
|{{IncreaseNegative}}9.2%
|{{IncreaseNegative}}51.7%
|-
|2010
|{{Increase}}6.29
|{{Increase}}8,356.6
|{{Increase}}2.89
|{{Increase}}3,837.3
|{{Increase}}4.4%
|{{IncreaseNegative}}4.3%
|{{IncreaseNegative}}9.6%
|{{IncreaseNegative}}52.5%
|-
|2011
|{{Increase}}6.77
|{{Increase}}8,958.3
|{{Increase}}3.33
|{{Increase}}4,402.8
|{{Increase}}5.4%
|{{IncreaseNegative}}4.4%
|{{DecreasePositive}}8.9%
|{{DecreasePositive}}51.2%
|-
|2012
|{{Increase}}7.92
|{{Increase}}10,443.7
|{{Increase}}4.06
|{{Increase}}5,360.3
|{{Increase}}5.0%
|{{Increase}}2.4%
|{{DecreasePositive}}8.0%
|{{DecreasePositive}}44.3%
|-
|2013
|{{Increase}}8.37
|{{Increase}}10,998.3
|{{Increase}}4.17
|{{Increase}}5,476.7
|{{Increase}}3.7%
|{{Increase}}1.9%
|{{DecreasePositive}}7.3%
|{{DecreasePositive}}41.1%
|-
|2014
|{{Decrease}}8.36
|{{Decrease}}10,942.8
|{{Decrease}}4.13
|{{Decrease}}5,402.7
|{{Increase}}1.7%
|{{Increase}}0.7%
|{{DecreasePositive}}6.1%
|{{DecreasePositive}}38.3%
|-
|2015
|{{Increase}}8.59
|{{Increase}}11,204.6
|{{Increase}}4.28
|{{Increase}}5,580.0
|{{Decrease}}0.7%
|{{Increase}}-0.9%
|{{DecreasePositive}}5.2%
|{{IncreaseNegative}}41.8%
|-
|2016
|{{Increase}}8.71
|{{Increase}}11,268.4
|{{Increase}}4.48
|{{Increase}}5,796.8
|{{Increase}}3.8%
|{{Increase}}0.8%
|{{DecreasePositive}}4.8%
|{{IncreaseNegative}}43.8%
|-
|2017
|{{Increase}}9.31
|{{Increase}}11,964.6
|{{Increase}}4.75
|{{Increase}}6,104.2
|{{Increase}}3.7%
|{{Increase}}1.9%
|{{DecreasePositive}}4.3%
|{{DecreasePositive}}42.9%
|-
|2018
|{{Increase}}9.95
|{{Increase}}12,725.0
|{{Increase}}4.79
|{{Increase}}6,120.5
|{{Increase}}4.4%
|{{Increase}}1.3%
|{{DecreasePositive}}3.8%
|{{IncreaseNegative}}47.0%
|-
|2019
|{{Increase}}10.68
|{{Increase}}13,605.8
|{{Increase}}5.17
|{{Increase}}6,594.4
|{{Increase}}5.4%
|{{Increase}}2.1%
|{{DecreasePositive}}3.6%
|{{DecreasePositive}}43.6%
|-
|2020
|{{Increase}}15.52
|{{Increase}}19,717.1
|{{Increase}}5.47
|{{Increase}}6,952.7
|{{Increase}}43.5%
|{{Increase}}1.2%
|{{IncreaseNegative}}8.0%
|{{IncreaseNegative}}51.1%
|-
|2021
|{{Increase}}19.47
|{{Increase}}24,661.7
|{{Increase}}7.66
|{{Increase}}9,702.5
|{{Increase}}20.1%
|{{IncreaseNegative}}3.3%
|{{DecreasePositive}}5.3%
|{{DecreasePositive}}43.2%
|-
|2022
|{{Increase}}33.80
|{{Increase}}42,698.9
|{{Increase}}14.52
|{{Increase}}18,342.3
|{{Increase}}62.3%
|{{IncreaseNegative}}6.5%
|{{DecreasePositive}}3.5%
|{{DecreasePositive}}27.8%
|-
|2023
|{{Increase}}48.16
|{{Increase}}60,648.1
|{{Increase}}16.31
|{{Increase}}20,539.9
|{{Increase}}37.2%
|{{IncreaseNegative}}6.6%
|{{Steady}}3.5%
|{{IncreaseNegative}}29.8%
|-
|2024
|{{Increase}}71.54
|{{Increase}}89,924.7
|{{Increase}}22.01
|{{Increase}}27,641.2
|{{Increase}}45.3%
|{{IncreaseNegative}}5.5%
|{{IncreaseNegative}}3.9%
|{{DecreasePositive}}24.2%
|-
|2025
|{{Increase}}75.38
|{{Increase}}94,370.1
|{{Increase}}22.63
|{{Increase}}28,330.0
|{{Increase}}3.4%
|{{IncreaseNegative}}5.0%
|{{Steady}}3.9%
|{{DecreasePositive}}24.1%
|-
|2026
|{{Increase}}104.9
|{{Increase}}130,912.7
|{{Increase}}29.58
|{{Increase}}36,919.5
|{{Increase}}36.6%
|{{IncreaseNegative}}5.0%
|{{Steady}}3.9%
|{{DecreasePositive}}18.9%
|-
|2027
|{{Increase}}110.4
|{{Increase}}137,334.8
|{{Increase}}30.46
|{{Increase}}37,907.2
|{{Increase}}3.3%
|{{IncreaseNegative}}5.0%
|{{Steady}}3.9%
|{{DecreasePositive}}18.8%
|-
|2028
|{{Increase}}116.2
|{{Increase}}144,160.3
|{{Increase}}31.43
|{{Increase}}38,998.6
|{{Increase}}3.3%
|{{IncreaseNegative}}5.0%
|{{Steady}}3.9%
|{{DecreasePositive}}18.6%
|}

== See also ==
{{div col|colwidth=22em}}
* [[Suriname-Guyana Chamber of Commerce]]
* [[Guyanese dollar]]
* [[Bank of Guyana]]
* [[List of Guyanese companies]]
* [[Economy of South America]]
* [[Aurora gold mine]]
* [[Omai mine]]
* [[Toroparu mine]]
* [[Petroleum exploration in Guyana]]
{{div col end}}

== References ==
{{Reflist}}

{{Economy of Guyana}}
{{Guyana topics}}
{{Caricom}}
{{SACN}}
{{Americas topic|Economy of}}
{{World Trade Organization}}

[[Category:Economy of Guyana| ]]
[[Category:World Trade Organization member economies|Guyana]]