Major Offshore Oil Finds To Transform Guyana
Guyana may soon become one of the top 10 oil producers in the world.
Guyana GDP and Economic Data
Includes Guyana real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Guyana economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Guyana best banks and safest banks are also available.
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International Reserves
USD 0.5 billion (2018)
International Monetary Fund (IMF), data retrieved October 2019
Real GDP growth
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 |
| 7% | 2% | 3.3% | 4.4% | 5.4% | 5% | 5% |
| 2014 | 2015 | 2016 | 2017* | 2018* | ||
| 3.9% | 3.1% | 3.4% | 2.1% | 3.4% |
*Estimate
Source
GDP (PPP) - share of world total
| 1980 | 1990 | 2000 | 2010 | 2019* |
| 0.01% | 0.01% | 0.01% | 0.01% | 0.005% |
*Estimate
Source
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GDP - composition by sector
- agriculture: 15.4%
- industry: 31.9%
- services: 42%
(2017 estimate)
Inflation
| 2015 | 2016 | 2017 | 2018* | 2019* |
| -0.9% | 0.8% | 1.9% | 1.3% | 2.1% |
*Estimate
Source
Unemployment rate
| 2015 | 2016 | 2017 | 2018 | 2019 |
| N/A | N/A | N/A | N/A | N/A |
*Estimate
Source
Public debt (General government gross debt as a % of GDP)
| 2015 | 2016 | 2017 | 2018* | 2019* |
| 50.1% | 50.7% | 51.4% | 52.9% | 55.5% |
*Estimate
Source
Public deficit (General government net lending/borrowing as a % of GDP)
| 2015 | 2016 | 2017 | 2018* | 2019* |
| -1.2% | -4.3% | -4.3% | -3.5% | -4.8% |
*Estimate
Source
Government bond ratings
Standard & Poor's: N/A
Moody's: N/A
Standard & Poor's / Moody's
Source
Market value of publicly traded shares
| 2016 | 2017 | 2018 |
| N/A | N/A | N/A |
Source
Current account balance by percentage of GDP
-17.5 % (2018 estimate)
Source
Exports as percent of GDP (Exports of goods and services)
45.2% (2017)
Shares in world total merchandising export
0.01% (2018)
Shares in world total commercial services export
0.002% (2017)
Export commodities
Sugar, gold, bauxite, alumina, rice, shrimp, molasses, rum, timber
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Import commodities
Manufactures, machinery, petroleum, food
Exports - major partners
Canada 24.9%, US 16.5%, Panama 9.6%, UK 7.7%, Jamaica 5.1%, Trinidad and Tobago 5%(2017)
Imports - major partners
Trinidad and Tobago 27.5%, US 26.5%, China 8.9%, Suriname 6.1% (2017)
FDI inflows
| 2016 | 2017 | 2018 |
| USD 58 million | USD 212 million | USD 495 million |
FDI outflows
| 2016 | 2017 | 2018 |
| USD 26.0 million | USD 0.0 million | USD 0.0 million |
Value of cross-border M&A, by country of purchaser
| 2015 | 2016 | 2017 | 2018 |
| N/A | N/A | N/A | N/A |
Cross-border M&A deals worth over $3 billion completed in 2014
N/A
Cross-border M&A deals worth over $3 billion completed in 2015
N/A
Best countries for doing business
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking:
134 out of 190 countries
Subcategories:
Starting a Business: 111 out of 190 countries
Dealing with Construction Permits: 167 out of 190 countries
Getting Electricity: 170 out of 190 countries
Registering Property: 128 out of 190 countries
Getting Credit: 94 out of 190 countries
Protecting Minority Investors: 88 out of 190 countries
Paying Taxes: 122 out of 190 countries
Trading across Borders: 151 out of 190 countries
Enforcing Contracts: 92 out of 190 countries
Resolving Insolvency: 163 out of 190 countries
Source
Index of Economic Freedom
Ranking: 113 / Score: 56.8 (Mostly unfree)
(100=totally free 0=totally repressed)
Source
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Languages
English (official), Guyanese Creole, Amerindian languages (including Caribbean and Arawak languages), Indian languages (including Caribbean Hindustani, a dialect of Hindi), Chinese(2014 est.)
Religions
Protestant 34.8% (Pentecostal 22.8%, Seventh Day Adventist 5.4%, Anglican 5.2%, Methodist 1.4%), Hindu 24.8%, Roman Catholic 7.1%, Muslim 6.8%, Jehovah's Witness 1.3%, Rastafarian 0.5%, other Christian 20.8%, other 0.9%, none 3.1% (2012 est.)
Total population
| 1990 | 2000 | 2010 | 2015 | 2020* |
| 0.72 million | 0.74 million | 0.75 million | 0.77 million | 0.79 million |
*Estimate
Source
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2018 |
| 29% | 30.5% | 28.7% | 26.6% |
Literacy
Total population: 88.5%
Male: 87.2%
Female: 89.8%
Definition: age 15 and over has ever attended school (2015 est.)
Freedom House rating
Free
Political Rights: 2
Civil Liberties: 3 (2019)
(1 represents the most free, 7 the least free rating)
Source
Total telephone subscribers as % of population
Fixed: 17.5%
Mobile: 83%
(2017)
(fixed-telephone subscribers and mobile-cellular subscribers)