Guyana: Economy
|
Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Lower Middle Income |
|
Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| Economic Trivia | Guyana has had positive economic growth almost every year of the past decade. |
|
Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2018): United States, Trinidad and Tobago, and Canada |
| Top Industries Source: CIA World Factbook | Bauxite; Sugar; Rice Milling; Timber |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $6,731,168,974 (2018) |
| GDP Growth Rate (annual %) | 4.1% (2018) |
| GDP Per Capita, PPP (current international) | $8,641 (2018) |
GDP Country Rank 163/196 (2018)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 1.283% (2018) |
| External debt stocks, total (DOD, current US$) | $1,609,079,134 (2018) |
| Total tax rate (% of commercial profits) | 30.6% (2019) |
| Real Interest Rate (5 year average %) | 7.192% (2018) |
| Manufacturing, value added (% of GDP) | 5.005% (2018) |
| Current Account Balance (BoP, current US$) | ($1,071,725,156) (2018) |
Labor and Employment [1]
| Labor Force, Total | 324,943 (2019) |
| Employment in Agriculture (% of total employment) | 18.251% (2019) |
| Employment in Industry (% of total employment) | 25.692% (2019) |
| Employment in Services (% of total employment) | 56.057% (2019) |
| Unemployment Rate | 12.219% (2019) |
Trade [1]
| Imports of goods and services (current US$) | $1,827,749,045 (2018) |
| Exports of goods and services (current US$) | $1,375,798,383 (2018) |
| Total Merchandise Trade (% of GDP) | 81.858% (2018) |
| FDI, net inflows (BoP, current US$) | $494,797,738 (2018) |
| Commercial Service Exports (current US$) | $156,206,067 (2018) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Guyana’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.