Economy of Guyana
Population: 0.78 M (2018)
GDP per Capita: 4,979 USD (2018)
3,880 M.

GDP USD

(2018)

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1,380 M.

EXPORTS USD

(2018)

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1,830 M.

IMPORTS USD

(2018)

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52.94 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 4.10 % (2018)
GDP of 2010 USD USD 3.10 B. (2018)
GDP Current USD USD 3.88 B. (2018)
GDP per Capita Current USD USD 4,979 (2018)
GDP per capita, PPP USD 7,667 (2018)
GDP per Capita, 2010 USD USD 3,992 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 17.84 % (2018)
Government Spending USD 0.69 B. (2018)
Government Debt % GDP 52.94 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 122.44 (2018)
Trade Openness 82.59 % (2018)
Exports of Goods and Services % GDP 35.47 % (2018)
Exports Goods & Services USD 1.38 B. (2018)
Exports Annual Growth 0.40 % (2017)
Imports as % GDP 47.12 % (2018)
Total Imports USD 1.83 B. (2018)
Foreign Direct Investment % GDP 30.43 % (2018)
Foreign Direct Investment USD 0.49 B. (2018)
Current Account Balance % GDP USD -27.63 % (2018)
Current Account Balance USD -1.07 B. (2018)
Trade Balance % GDP -11.65 % (2018)
Trade Balance USD -1.44 B. (2018)
Foreign Exchange Reserves incl Gold USD 0.52 B. (2018)
Remittances % GDP 7.36 % (2018)
Remittances USD 328 M. (2018)
Balance of Payments USD 18 M. (2014)

Labor Market

Indicator Value
Labor Force 0.32 M. (2019)
Unemployment Rate 12.22 % (2019)
Unemployment Rate Females 15.19 % (2019)
Unemployment Rate Males 9.70 % (2019)
Youth Unemployment (ages 15-24) 22.96 % (2019)
Labor Force Participation Rate 57.51 % (2019)
Labor Force (Percent Female) 39.18 % (2019)
Female Labor Force Participation Rate 41.32 % (2019)
Male Labor Force Participation Rate 73.50 % (2019)
Dependent People 53.06 % (2018)

Agriculture Sector

Indicator Value
Forest Area 83.90 % (2016)
Forest Area km² 165,160 km² (2016)
Agricultural Land 8.64 % (2016)
Agricultural Land km² 17,000 km² (2016)
Employment 18.25 % (2019)
Value added % GDP 12.73 % (2018)
Agriculture Value added USD 0.49 B. (2018)
Crop Production Index 126.50 (2016)
Precipitation 2,387 mm (2014)
Arable Land 2 % (2016)
Cereal Yield 3,620 kg/hectare (2017)
Food production index 131 (2016)
Rural Population 73 % (2018)
Fertilizer use of Arable Land 45 kg/hectare (2016)
Livestock Production Index 144 (2016)
Economy of Guyana

According to the World Bank and its latest published data, the economy of the Guyana presents a growth rate of 4.10 % (2018) to the previous year.

With a population that reaches 0.78 M (2018) and a gross domestic product of USD 3.88 B. (2018), it translates a Gross Domestic Product per Capita of USD 4,979 placing its inhabitants on the threshold of an Upper middle income country (according to the World Bank's updated classification).

Guyana also has a workforce of 0.32 M. (2019) with an unemployment rate of 12.22 % (2019), where women represent 15.19 % (2019) and men 9.70 % (2019), the unemployment rate for young people between 15-24 years old stood at 22.96 % (2019). The total number of dependent people stands at 53.06 % (2018).

The central government spent 17.84 % (2018) of its gross domestic product that year, which in absolute terms is USD 0.69 B. (2018). Its consolidated public debt reached 52.94 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Guyana exported USD 1.38 B. (2018), which represents 35.47 % (2018) of its gross domestic product, in that same sense its imports reached USD 1.83 B. (2018) with a direct foreign investment of USD 0.49 B. (2018).

Guyana has a forest area of 165,160 km² (2016), which represents 83.90 % (2016) of its total area, an average rainfall of 2,387 mm (2014) per year and a population of 73 % (2018) living in rural areas. With a total area of 17,000 km² (2016) available for agriculture and 18.25 % (2019) of its employments, the agricultural sector contributes to the economy of the Guyana about USD 0.49 B. (2018) (12.73 % (2018) of its GDP).