Economy of Guyana

Economy of Guyana
	Downtown Georgetown, Guyana
Currency	Guyanese dollar (GYD)
Fiscal year	Calendar year
Trade organisations	CARICOM, WTO, Prosur, Unasur, Mercosur (associate)
Country group	Developing/Emerging; High income economy;
Statistics
Population	791,739 (Q1, 2023)
GDP	$20.5 billion (nominal; 2023); $60.7 billion (PPP; 2023);
GDP rank	135th (nominal, 2023); 126th (PPP, 2023);
GDP growth	37.2% (2023); 45.3% (2024); 3.41% (2025);
GDP per capita	$20,539 (nominal; 2023); $60,648 (PPP; 2023);
GDP per capita rank	48th (nominal, 2023); 24th (PPP, 2023);
GDP by sector	agriculture: 15.4%; industry: 15.3%; services: 69.3%; (2017 est.);
Inflation (CPI)	6.0% (2023 est.)
Population below poverty line	35% (2006 est.)
Gini coefficient	44.6 medium (2007)
Human Development Index	0.714 high (2021) (108th); 0.591 medium IHDI (83rd) (2021);
Labour force	299,147 (2021); 43.3% employment rate (2019);
Labour force by occupation	N/A
Unemployment	16.4% (2019); 29.9% youth unemployment (2021; 15 to 24 year-olds); Number of people unemployed: N/A;
External
Exports	$5.721 billion (2021)
Export goods	crude petroleum, sugar, gold, bauxite, alumina, rice, shrimp, molasses, rum, timber, railway shipping containers
Main export partners	United States 42%; Singapore 16%; UAE 6.9%; United Kingdom 6.9%; Canada 6.6%; ;
Imports	$6.661 billion (2021)
Import goods	floating drilling platforms, refined petroleum, valves, construction vehicles, cars manufacturing, machinery, food
Main import partners	Singapore 33%; United States 19%; Trinidad and Tobago 12%; China 8%; Brazil 2%;
Gross external debt	$1.38 billion (Q1 2022)
Public finances
Government debt	44% of GDP (2021 est.)
Budget balance	−5.3% (of GDP) (2020)
Revenues	1.002 billion (2017)
Expenses	1.164 billion (2017)
Economic aid	$5.8 million (2020)
Credit rating	N/A
	; All values, unless otherwise stated, are in US dollars.

The economy of Guyana is one of the fastest growing in the world with a gross domestic product (GDP) growth of 19.9% in 2021. In 2023, Guyana had a per capita gross domestic product (purchasing power parity) of Int$60,648 and an average GDP growth of 4.2% over the previous decade. Guyana's economy was transformed in 2015 with the discovery of an offshore oil field in the country’s waters about 190 km from Georgetown, making the first commercial-grade crude oil draw in December 2019, sending it abroad for refining.

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