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Guyana - Economy
How is the economy of Guyana? Based on the information we have, Guyana has a small, hydrocarbon-driven South American export economy; major forest coverage being leveraged in carbon credit offsets to encourage preservation; strengthening financial sector; large bauxite and gold resources. Key agricultural products in this country include: rice, sugarcane, plantains, cassava, papayas, pumpkins/squash, chicken, milk, ginger, eggplants (2023).
More about the economy of Guyana
| Labor force | 292,200 (2024 est.) |
|---|---|
| Industrial production growth rate | 53.3% (2024 est.) |
| Industries | bauxite, sugar, rice milling, timber, textiles, gold mining |
| Population below poverty line | N/A |
| Taxes and other revenues | N/A |
| Fiscal year | N/A |
| Exchange rates | |
| Currency | Guyanese dollars (GYD) per US dollar - |
| Exchange rates 2024 | 208.5 (2024 est.) |
| Exchange rates 2023 | 208.5 (2023 est.) |
| Exchange rates 2022 | 208.5 (2022 est.) |
| Exchange rates 2021 | 208.5 (2021 est.) |
| Exchange rates 2020 | 208.5 (2020 est.) |
| Debt - external | |
| Debt - external 2023 | $1.805 billion (2023 est.) |
| Reserves of foreign exchange and gold | |
| Reserves of foreign exchange and gold 2024 | $1.01 billion (2024 est.) |
| Reserves of foreign exchange and gold 2023 | $895.275 million (2023 est.) |
| Reserves of foreign exchange and gold 2022 | $917.877 million (2022 est.) |
| Current account balance | |
| Current account balance 2023 | $2.352 billion (2023 est.) |
| Current account balance 2022 | $4.242 billion (2022 est.) |
| Current account balance 2021 | -$1.36 billion (2021 est.) |
| Public debt | |
| Public debt 2016 | 50.7% of GDP (2016 est.) |
| Budget | |
| Revenues | $1.333 billion (2019 est.) |
| Expenditures | $1.467 billion (2019 est.) |
| Budget surplus (+) or deficit (-) | N/A |
| Remittances | |
| Remittances 2023 | 3.2% of GDP (2023 est.) |
| Remittances 2022 | 3.7% of GDP (2022 est.) |
| Remittances 2021 | 6.9% of GDP (2021 est.) |
| Imports | |
| Imports 2023 | $10.956 billion (2023 est.) |
| Imports 2022 | $7.033 billion (2022 est.) |
| Imports 2021 | $6.588 billion (2021 est.) |
| Imports (partners) | USA 28%, China 13%, Trinidad & Tobago 11%, Brazil 5%, Bahamas, The 4% (2023) |
| Comodities Imports force | refined petroleum, ships, construction vehicles, excavation machinery, cars (2023) |
| Exports | |
| Exports 2023 | $13.739 billion (2023 est.) |
| Exports 2022 | $11.517 billion (2022 est.) |
| Exports 2021 | $4.594 billion (2021 est.) |
| Exports (partners) | USA 20%, Trinidad & Tobago 11%, Netherlands 10%, Singapore 10%, Germany 7% (2023) |
| Comodities Exports force | crude petroleum, railway cargo containers, gold, ships, rice (2023) |
| Real GDP (purchasing power parity) | |
| Real GDP (purchasing power parity) 2024 | $58.423 billion (2024 est.) |
| Real GDP (purchasing power parity) 2023 | $40.749 billion (2023 est.) |
| Real GDP (purchasing power parity) 2022 | $30.457 billion (2022 est.) |
| GDP (official exchange rate) | $24.836 billion (2024 est.) |
| Real GDP Per capita | |
| Real GDP per capita 2024 | $70,300 (2024 est.) |
| Real GDP per capita 2023 | $49,300 (2023 est.) |
| Real GDP per capita 2022 | $37,100 (2022 est.) |
| GDP - composition, by sector of origin | |
| Agriculture | 8% (2024 est.) |
| Industry | 74.3% (2024 est.) |
| Services | 15.3% (2024 est.) |
| Unemployment rate | |
| Unemployment rate 2024 | 10.2% (2024 est.) |
| Unemployment rate 2023 | 12.1% (2023 est.) |
| Unemployment rate 2022 | 12.1% (2022 est.) |
| Youth unemployment rate (ages 15-24) | |
| Total | 22.3% (2024 est.) |
| Male | 17.4% (2024 est.) |
| Female | 28.1% (2024 est.) |
All Important Facts about Guyana
Want to know more about Guyana? Check all different factbooks for Guyana below.
