This article needs additional citations for verification. (December 2022) |
Currency | Guyanese dollar (GYD) |
---|---|
Calendar year | |
Trade organisations | CARICOM, WTO, Prosur, Unasur, Mercosur (associate) |
Country group | |
Statistics | |
Population | 743,700 (Q1, 2024)[3] |
GDP | |
GDP rank | |
GDP growth |
|
GDP per capita | |
GDP per capita rank | |
GDP by sector |
|
4.5% (2023)[4] | |
Population below poverty line | 35% (2006 est.)[3] |
44.6 medium (2007)[3] | |
Labour force | |
Labour force by occupation | N/A |
Unemployment | |
External | |
Exports | $5.721 billion (2021)[3] |
Export goods | crude petroleum, sugar, gold, bauxite, alumina, rice, shrimp, molasses, rum, timber, railway shipping containers |
Main export partners |
|
Imports | $6.661 billion (2021)[3] |
Import goods | floating drilling platforms, refined petroleum, valves, construction vehicles, cars manufacturing, machinery, food |
Main import partners |
|
Gross external debt | $1.38 billion (Q1 2022)[3] |
Public finances | |
44% of GDP (2021 est.)[3] | |
−5.3% (of GDP) (2020)[citation needed] | |
Revenues | 1.002 billion (2017)[3] |
Expenses | 1.164 billion (2017)[3] |
Economic aid | $5.8 million (2020)[8] |
N/A | |
All values, unless otherwise stated, are in US dollars. |
The economy of Guyana is one of the fastest growing economies in the world with a gross domestic product (GDP) growth of 19.9% in 2021.[9] 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.[4] Guyana's economy was transformed in 2015 with the discovery of an offshore oil field in the country's waters about 190 km from Georgetown, making the first commercial-grade crude oil draw in December 2019, sending it abroad for refining.[9]