Guyana GDP Data & Country Report

Guyana Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Guyana; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION

Central bank

Bank of Guyana

International Reserves

US$ 782.064 million (Source: World Bank; Data updated: November 2010)

Gross Domestic Product - GDP

US$ 2.397 billion (2009 estimate)

GDP (Purchasing Power Parity)

5.697 billion of International dollars (2009 estimate)

Real GDP growth

2000	2001	2002	2003	2004	2005	2006	2007
-1.3%	2.3%	1.1%	-0.7%	1.6%	-1.9%	5.1%	7%
2008	2009	2010	2011*
2%	3.3%	3.6%	4.7%

*Estimate

GDP per capita - current prices

US$ 3,094 (2002 estimate)

GDP per capita - PPP

$7,354 International Dollars (2002 estimate)

GDP (PPP) - share of world total

1980	1990	2000	2010	2015**
0.01%	0.01%	0.01%	0.01%	0.01%

**Forecast

GDP - composition by sector

agriculture: 25.1%
industry: 24%
services: 50.9% (2009 estimate)

(Data released on November 2010)

Gross domestic expenditure on R&D (% of GDP)

N/A

(Data released on November 2010)

Inflation

2008	2009	2010	2011*
8.1%(2008)	3%	3.7%	6.2%

*Estimate

Unemployment rate

2008	2009	2010	2011*
N/A	N/A	N/A(2009)	N/A

*Estimate

Household saving rates

N/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)

2007	2008	2009	2010	2011*
60%	61.6%	61.5%	61.3%	62.3%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)

2007	2008	2009	2010*	2011**
-4.3%	-3.6%	-3.5%	-3.7%	-3.6%

*Estimate **Forecast

Government bond ratings

Standard & Poor's: N/A

Moody's rating: N/A

Moody's outlook: N/A

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares

2007	2008	2009
US$262 million	US$290 million	N/A

Largest companies in Guyana

N/A

DATA ON TRADE AND COMPETITIVENESS

Current account balance

US$ -0.3 billion (2009 estimate)(After 2008)

Current account balance by percentage of GDP

-11.9% of GDP (2009 estimate)(2009)

Exports as percent of GDP

(Exports of goods and services)

68.3% (2008)

(Data released on December 2010)

Shares in world total merchandising export

0.01%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export

0.01%(2007)

(Data were released in Nov 2011 and refer to 2009)

Total exports

US$814 million f.o.b. (2010 estimate)

Export commodities

sugar, gold, bauxite, alumina, rice, shrimp, molasses, rum, timber

Total imports

US$1.162 billion f.o.b. (2008 estimate)

Import commodities

manufactures, machinery, petroleum, food

Exports - major partners

Canada 18.7%, US 16.5%, UK 9.1%, Portugal 7.6%, Trinidad and Tobago 5.2%, France 4.7%, Netherlands 4.6%, Jamaica 4% (2007)

Imports - major partners

Trinidad and Tobago 26.2%, US 20.5%, Cuba 7.2%, China 7.1%, UK 5.4% (2007)

FDI inflows

2008	2009	2010
US$178 million	US$144 million(2009)	US$188 million(2009)

FDI outflows

2008	2009	2010
N/A	N/A	N/A

Value of cross-border M&A, by country of purchaser

2008	2009	2010	2011
N/A	N/A(2009)	N/A(2009)	N/A

Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 100 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 90 out of 183 countries(2009)

Registering property: 75 out of 183 countries

Paying Taxes: 119 out of 183 countries

Getting credit: 152 out of 183 countries

Protecting investors: 74 out of 183 countries

Trading across border: 78 out of 183 countries

Enforcing Contracts: 74 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)

109

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 151 Score: 49.4 (Repressed) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW

Time zone

UTC-4

Total area

214,969 km² (2006)

Capital

Georgetown (2009)

Currency

Guyanese dollars (GYD) (2009)

Government type

republic (2009)

Languages

English, Amerindian dialects, Creole, Caribbean Hindustani (a dialect of Hindi), Urdu

Religions

Hindu 28.4%, Pentecostal 16.9%, Roman Catholic 8.1%, Anglican 6.9%, Seventh Day Adventist 5%, Methodist 1.7%, Jehovah Witness 1.1%, other Christian 17.7%, Muslim 7.2%, other 4.3%, none 4.3% (2002 census)

Total population

1980	1990	2000	2010*	2015**
0.73 million	0.75 million	0.74 million	0.77 million	0.78 million

*Estimate **Forecast

Urban population as % of total population

1960	1980	2000	2009
29%	30.5%	28.6%	28.4%

Population median age

27.0 years (2006)

Population growth rate

-0.1% (2009)

Life expectancy

66 years (2007)

Adult literacy

N/A

% of population living on less than $2 a day

16.80% (2011)

Inequality of wealth distribution (Gini index)

N/A

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:2
Civil Liberties:3 (2010)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

93.47% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

29.9% (Data were released in 2011 and refer to 2010)

Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

N/A

CO2 emissions
(Metric tons of CO2 per capita)

1.9975 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST INTERNET BANKS

2011:

COUNTRY WINNERS / Best Consumer Internet Banks Scotiabank (National, 2011)
COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Scotiabank (National, 2011)

2010:

COUNTRY WINNERS / Best Consumer Internet Banks Scotiabank (National, 2010)

ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE

Guyana GDP Data & Country Report | Global Finance

WORLD'S BEST INTERNET BANKS

2011:

2010: