Economy
Guyana
Budget
revenues
$1.333 billion (2019 est.)
expenditures
$1.467 billion (2019 est.)
Exports
Exports 2021
$4.594 billion (2021 est.)
Exports 2022
$11.517 billion (2022 est.)
Exports 2023
$13.739 billion (2023 est.)
Imports
Imports 2021
$6.588 billion (2021 est.)
Imports 2022
$7.033 billion (2022 est.)
Imports 2023
$10.956 billion (2023 est.)
Industries
bauxite, sugar, rice milling, timber, textiles, gold mining
Labor force
292,200 (2024 est.)
Public debt
Public debt 2016
50.7% of GDP (2016 est.)
Remittances
Remittances 2021
6.9% of GDP (2021 est.)
Remittances 2022
3.7% of GDP (2022 est.)
Remittances 2023
3.2% of GDP (2023 est.)
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.)
Debt - external
Debt - external 2023
$1.805 billion (2023 est.)
Economic overview
a small, hydrocarbon-based export economy located in South America; significant forest area utilized for carbon credit offsets to promote conservation; a developing financial sector; abundant reserves of bauxite and gold
Unemployment rate
Unemployment rate 2022
12.1% (2022 est.)
Unemployment rate 2023
12.1% (2023 est.)
Unemployment rate 2024
10.2% (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)
Real GDP per capita
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.)
Real GDP growth rate
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.)
Agricultural products
rice, sugarcane, plantains, cassava, papayas, pumpkins/squash, chicken, milk, ginger, eggplants (2023)
Exports - commodities
crude petroleum, railway cargo containers, gold, ships, rice (2023)
Imports - commodities
refined petroleum, ships, construction vehicles, excavation machinery, cars (2023)
Current account balance
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.)
GDP (official exchange rate)
$24.836 billion (2024 est.)
Inflation rate (consumer prices)
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.)
Industrial production growth rate
53.3% (2024 est.)
Real GDP (purchasing power parity)
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.)
Youth unemployment rate (ages 15-24)
male
17.4% (2024 est.)
total
22.3% (2024 est.)
female
28.1% (2024 est.)
Reserves of foreign exchange and gold
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.)
GDP - composition, by sector of origin
industry
74.3% (2024 est.)
services
15.3% (2024 est.)
agriculture
8% (2024 est.)