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 (2017): United States, Trinidad and Tobago, and Canada
Top 3 Exported Goods (2017): Precious Stones & Metals, Railway Equipment, and Cereals

Top Industries Source: CIA World Factbook

Bauxite; Sugar; Rice Milling; Timber

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $6,675,097,046 (2018)
GDP Growth Rate (annual %) 3.443% (2018)
GDP Per Capita, PPP (current international) $8,569 (2018)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 163/196 (2018)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 1.283% (2018)
External debt stocks, total (DOD, current US$) $1,609,079,134 (2018)
Total tax rate (% of commercial profits) 30.6% (2018)
Real Interest Rate (5 year average %) 14.17% (2018)
Manufacturing, value added (% of GDP) 3.054% (2017)
Current Account Balance (BoP, current US$) $127,852,599 (2016)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 321,217 (2018)
Employment in Agriculture (% of total employment) 18.466% (2018)
Employment in Industry (% of total employment) 25.663% (2018)
Employment in Services (% of total employment) 55.871% (2018)
Unemployment Rate 12.151% (2018)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $2,163,854,722 (2017)
Exports of goods and services (current US$) $1,606,300,242 (2017)
Total Merchandise Trade (% of GDP) 87.94% (2018)
FDI, net inflows (BoP, current US$) $494,797,738 (2018)
Commercial Service Exports (current US$) $165,673,383 (2016)
Click on a row to display its 5-year graph on the right.

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.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Sources

  1. The World Bank