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.
Basic Information
Government Type: Parliamentary republic
Capital City: Georgetown
GDP & Economic Information
Macroeconomy & Sovereign Data
Central Bank | Bank of Guyana |
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Currency | Guyanese dollars (GYD) |
International Reserves |
USD 0.5 billion (2018) International Monetary Fund (IMF), data retrieved October 2019 |
Gross Domestic Product – GDP | USD 3.6 billion (2018, estimate) |
GDP (Purchasing Power Parity) | Intl$ 6.7 billion (2018, estimate) |
GDP Data
Real GDP growth |
2007 7% 2008 2% 2009 3.3% 2010 4.4% 2011 5.4% 2012 5% 2013 5% 2014 3.9% 2015 3.1% 2016 3.4% 2017* 2.1% 2018* 3.4% *Estimate |
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GDP per capita – current prices | USD 4,648.7 (2018, estimate) |
GDP per capita – PPP | Intl$ 8,519.0 (2018, estimate) |
GDP (PPP) – share of world total |
1980 0.01% 1990 0.01% 2000 0.01% 2010 0.01% 2019* 0.005% |
GDP – composition by sector |
agriculture: 15.4% industry: 31.9% services: 42% (2017 estimate) |
Gross domestic expenditure on R&D; (% of GDP) | N/A |
Inflation |
2015 -0.9%% 2016 0.8% 2017 1.9% 2018* 1.3% 2019* 2.1% *Estimate |
Guyana
Inflation & Debt
Inflation |
2015 -0.9%% 2016 0.8% 2017 1.9% 2018* 1.3% 2019* 2.1% *Estimate |
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Government Bond Ratings |
Standard & Poor’s: N/A Moody’s: N/A Standard & Poor’s / Moody’s |
Unemployment rate |
2015 N/A 2016 N/A 2017 N/A 2018* N/A 2019* N/A *Estimate |
Household saving rates | N/A |
Public debt (General government gross debt as a % of GDP) |
2015 50.1% 2016 50.7% 2017 51.4% 2018* 52.9% 2019* 55.5% *Estimate |
Public deficit (General government net lending/borrowing as a % of GDP) |
2015 -1.2% 2016 -4.3% 2017 -4.3% 2018* -3.5% 2019* -4.8% *Estimate |
Market value of publicly traded shares |
2016 N/A 2017 N/A 2018 N/A |
Largest Companies | N/A |
Import/Export
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) |
Total exports | USD 1.6 billion (2017 estimate) |
Export commodities | Sugar, gold, bauxite, alumina, rice, shrimp, molasses, rum, timber |
Total imports | USD 2.1 billion (2017 estimate) |
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) |
Competitiveness & Trade
Current account balance | USD -0.7 billion (2018 estimate) |
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Current account balance by percentage of GDP | -17.5 % (2018 estimate) |
FDI inflows |
2016 USD 58 million 2017 USD 212 million 2018 USD 495 million |
FDI Outflows |
2016 USD 26.0 million 2017 USD 0.0 million 2018 USD 0.0 million |
Value of cross-border M&A, by country of purchaser |
2015 N/A 2016 N/A 2017 N/A 2018 N/A United Nations Conference on Trade and Development (UNCTAD) – World Investment Report |
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 |
Global competitiveness ranking | N/A |
Index of Economic Freedom |
Ranking: 113 / Score: 56.8 (Mostly unfree) (100=totally free 0=totally repressed) |
Population & Geographic Data
Total Area |
214,969 sq km |
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Total Population |
1990 0.72 Million 2000 0.74 Million 2010 0.75 Million 2015 0.77 Million 2020* 0.79 Million *Estimate |
Urban population as % of total population |
1960 29% 1980 30.5% 2000 28.7 28.7 28.7% 2018 26.6% |
Population median age | 26.7 years |
Population growth rate | 0.48% (2018 estimate) |
Life expectancy |
68.9 years (2018 estimate) |
% of population living on less than $3.10 a day | N/A |
Inequality of wealth distribution (Gini index) | N/A |
Freedom House rating |
Free Political Rights: 2 Civil Liberties: 3 (2019) (1 represents the most free, 7 the least free rating) |
Total telephone subscribers as % of population |
Fixed: 17.5% Mobile: 83% (2017) (fixed-telephone subscribers and mobile-cellular subscribers) |
Internet users as % of total population | 37.33 % (2017) |
Language & Religon
Languages | English (official), Guyanese Creole, Amerindian languages (including Caribbean and Arawak languages), Indian languages (including Caribbean Hindustani, a dialect of Hindi), Chinese(2014 est.) |
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Literacy |
Total population: 88.5% Male: 87.2% Female: 89.8% Definition: age 15 and over has ever attended school (2015 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.) |
World Rankings
Population | 0.79 million |
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Mercer Cost of living index | N/A |
C02 Emissions per capita |
2.63 metric tons per capita (2014) |
Global Finance Rankings & Awards: Guyana
Global Finance Magazine holds several conferences and awards ceremonies throughout the year to recognize the winning financial institutions and companies in a host of categories including World’s Best Trade Finance Banks, World's Biggest Banks, World's Safest Banks, World's Best Developed & Emerging Markets Banks, World's Best Internet Banks, and World’s Best Investment Banks.
Data Sources:
IMF World Economic Outlook
UN World Population Prospects
World Inequality Report
S&P Global Ratings
Moody’s
Fitch Ratings
IMF Direction of Trade Statistics (DOTS)
UN Conference on Trade and Development (UNCTAD)
CIA The World Factbook
World Bank’s World Integrated Trade Solution
Forbes Global 2000