Countries
Guyana
Key Economic Indicators
$66.62 billion
$80,155
43.82%
2.9%
11.96%
$24.836 billion (2024 est.)
50.7% of GDP (2016 est.)
$2.35 billion
Economic Overview
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
All Economic Data
Agricultural products
rice, sugarcane, plantains, cassava, papayas, pumpkins/squash, chicken, milk, ginger, eggplants (2023)
note:
<b>note:</b> top ten agricultural products based on tonnage
Budget
Expenditures:
$1.467 billion (2019 est.)
Revenues:
$1.333 billion (2019 est.)
Currency
code:
GYD
name:
Guyanese dollar (GYD) [$]
Current account balance
$2.35 billion
Current account balance 2021:
-$1.36 billion (2021 est.)
Current account balance 2022:
$4.242 billion (2022 est.)
Current account balance 2023:
$2.352 billion (2023 est.)
Note:
<b>note:</b> balance of payments - net trade and primary/secondary income in current dollars
Debt - external
$3.68 billion
Debt - external 2023:
$1.805 billion (2023 est.)
Note:
<b>note:</b> present value of external debt in current US dollars
Exchange rates
Currency:
Guyanese dollars (GYD) per US dollar -
Exchange rates 2020:
208.5 (2020 est.)
Exchange rates 2021:
208.5 (2021 est.)
Exchange rates 2022:
208.5 (2022 est.)
Exchange rates 2023:
208.5 (2023 est.)
Exchange rates 2024:
208.5 (2024 est.)
Exports
Exports 2021:
$4.594 billion (2021 est.)
Exports 2022:
$11.517 billion (2022 est.)
Exports 2023:
$13.739 billion (2023 est.)
Note:
<b>note:</b> balance of payments - exports of goods and services in current dollars
Exports - commodities
crude petroleum, railway cargo containers, gold, ships, rice (2023)
note:
<b>note:</b> top five export commodities based on value in dollars
Exports - partners
USA 20%, Trinidad & Tobago 11%, Netherlands 10%, Singapore 10%, Germany 7% (2023)
note:
<b>note:</b> top five export partners based on percentage share of exports
Foreign direct investment
net inflows:
$8.63 billion
GDP - composition, by sector of origin
Agriculture:
8% (2024 est.)
Industry:
74.3% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Services:
15.3% (2024 est.)
GDP (official exchange rate)
$24.836 billion (2024 est.)
note:
<b>note:</b> data in current dollars at official exchange rate
GDP per capita (nominal)
$29,675
Gini Index coefficient - distribution of family income
45.1 (1998)
GNI (gross national income)
$16.09 billion
GNI per capita
$20,140
Imports
Imports 2021:
$6.588 billion (2021 est.)
Imports 2022:
$7.033 billion (2022 est.)
Imports 2023:
$10.956 billion (2023 est.)
Note:
<b>note:</b> balance of payments - imports of goods and services in current dollars
Imports - commodities
refined petroleum, ships, construction vehicles, excavation machinery, cars (2023)
note:
<b>note:</b> top five import commodities based on value in dollars
Imports - partners
USA 28%, China 13%, Trinidad & Tobago 11%, Brazil 5%, Bahamas, The 4% (2023)
note:
<b>note:</b> top five import partners based on percentage share of imports
Industrial production growth rate
53.3% (2024 est.)
note:
<b>note:</b> annual % change in industrial value added based on constant local currency
Industries
bauxite, sugar, rice milling, timber, textiles, gold mining
Inflation rate (consumer prices)
2.9%
Inflation rate (consumer prices) 2022:
6.1% (2022 est.)
Inflation rate (consumer prices) 2023:
2.8% (2023 est.)
Inflation rate (consumer prices) 2024:
2.9% (2024 est.)
Note:
<b>note:</b> annual % change based on consumer prices
Labor force
292,200 (2024 est.)
note:
<b>note:</b> number of people ages 15 or older who are employed or seeking work
total:
326,682 persons
Labor force - by occupation
agriculture:
12.21%
industry:
31.09%
services:
56.69%
Public debt
Public debt 2016:
50.7% of GDP (2016 est.)
Real GDP (purchasing power parity)
$66.62 billion
Note:
<b>note:</b> data in 2021 dollars
Real GDP (purchasing power parity) 2022:
$30.457 billion (2022 est.)
Real GDP (purchasing power parity) 2023:
$40.749 billion (2023 est.)
Real GDP (purchasing power parity) 2024:
$58.423 billion (2024 est.)
Real GDP growth rate
43.82%
Note:
<b>note:</b> annual GDP % growth based on constant local currency
Real GDP growth rate 2022:
63.3% (2022 est.)
Real GDP growth rate 2023:
33.8% (2023 est.)
Real GDP growth rate 2024:
43.4% (2024 est.)
Real GDP per capita
$80,155
Note:
<b>note:</b> data in 2021 dollars
Real GDP per capita 2022:
$37,100 (2022 est.)
Real GDP per capita 2023:
$49,300 (2023 est.)
Real GDP per capita 2024:
$70,300 (2024 est.)
Remittances
$600 million
Note:
<b>note:</b> personal transfers and compensation between resident and non-resident individuals/households/entities
Remittances 2021:
6.9% of GDP (2021 est.)
Remittances 2022:
3.7% of GDP (2022 est.)
Remittances 2023:
3.2% of GDP (2023 est.)
Reserves of foreign exchange and gold
$1.01 billion
Note:
<b>note:</b> holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars
Reserves of foreign exchange and gold 2022:
$917.877 million (2022 est.)
Reserves of foreign exchange and gold 2023:
$895.275 million (2023 est.)
Reserves of foreign exchange and gold 2024:
$1.01 billion (2024 est.)
Unemployment rate
11.96%
Note:
<b>note:</b> % of labor force seeking employment
Unemployment rate 2022:
12.1% (2022 est.)
Unemployment rate 2023:
12.1% (2023 est.)
Unemployment rate 2024:
10.2% (2024 est.)
Youth unemployment rate (ages 15-24)
Female:
28.1% (2024 est.)
Male:
17.4% (2024 est.)
Note:
<b>note:</b> % of labor force ages 15-24 seeking employment
Total:
22.3% (2024 est.)
World Bank Indicators
Currency
Guyanese dollar (GYD) $ (2025)
Gini Index
45.10 (1998)
Languages
English (2025)
Economic Rankings
GDP Growth Rate
#1
GDP per Capita
#14
Gini Index
#32
Unemployment Rate
#33
External Debt
#93
Exports
#106
GDP (PPP)
#117
GDP (Nominal)
#117
Imports
#119
Reserves
#139
Inflation Rate
#142
Quick Facts
Industries
bauxite, sugar, rice milling, timber, textiles, gold mining
Agricultural products
rice, sugarcane, plantains, cassava, papayas, pumpkins/squash, chicken, milk, ginger, eggplants (2023)
Labor force
292,200 (2024 est.)
Exports - partners
USA 20%, Trinidad & Tobago 11%, Netherlands 10%, Singapore 10%, Germany 7% (2023)
Imports - partners
USA 28%, China 13%, Trinidad & Tobago 11%, Brazil 5%, Bahamas, The 4% (2023)
Exchange rates
Guyanese dollars (GYD) per US dollar -
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