Guyana

Guyana : economy statistics and industry reports

  • Updated on : 27 August 2012  Source : The World Factbook

Imports

$1.456 billion (2011 est.)
$1.299 billion (2010 est.)

Exports

$1.178 billion (2011 est.)
$884.5 million (2010 est.)

Inflation rate (consumer prices)

2.2% (2011 est.)
4.5% (2010 est.)

Unemployment rate

11% (2007)

GDP - per capita (PPP)

$7,600 (2011 est.)
$7,300 (2010 est.)
$7,000 (2009 est.)
note: data are in 2011 US dollars

National product real growth rate

2.5% (2010 est.)
2.3% (2009 est.)
3% (2008 est.)

Internet users

189,600 (2009)

Telephones - mobile cellular

555,400 (2005)

Population growth rate

-0.327% (2012 est.)

Population

741,908 (July 2012 est.)
note: estimates for this country explicitly take into account the effects of excess mortality due to AIDS; this can result in lower life expectancy, higher infant mortality, higher death rates, lower population growth rates, and changes in the distribution of population by age and sex than would otherwise be expected

Historical background

Originally a Dutch colony in the 17th century, by 1815 Guyana had become a British possession.

The abolition of slavery led to black settlement of urban areas and the importation of indentured servants from India to work the sugar plantations.

This ethnocultural divide has persisted and has led to turbulent politics.

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Guyana

Economic overview

The Guyanese economy exhibited moderate economic growth in recent years and is based largely on agriculture and extractive industries.

The economy is heavily dependent upon the export of six commodities - sugar, gold, bauxite, shrimp, timber, and rice - which represent nearly 60% of the country's GDP and are highly susceptible to adverse weather conditions and fluctuations in commodity prices.

Guyana's entrance into the Caricom Single Market and Economy (CSME) in January 2006 has broadened the country's export market, primarily in the raw materials sector.

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PRS Group

Country Forecasts (Subscription, two issues per year, April & October)

Country Forecasts (Subscription, two issues per year, April & October)

  • $ 882
  • Country report
  • April 2014
  • by PRS Group

Country Forecasts is a 480-page perfect-bound volume published in April and October. This publication provides a four-page summary of forecasts and data for each of the 100 countries monitored by Political ...

  • Countries : World, South America, Asia, Europe, North America, Africa, Dominican Republic, Czech Republic, South Korea, Philippines, Guinea, Congo, Democratic Republic Of, Papua New Guinea, New Zealand, Australia, Venezuela, Argentina, United States, Nicaragua, Guatemala, El Salvador, Dominica, Costa Rica, United Kingdom, Switzerland, Netherlands, United Arab Emirates, Sri Lanka, Singapore, Saudi Arabia, Kazakhstan, Indonesia, Bangladesh, Azerbaijan, South Africa, Uruguay, Suriname, Paraguay, Guyana, Ecuador, Chile, Colombia, Bolivia, Brazil, Panama, Mexico, Jamaica, Honduras, Haiti, Canada, Ukraine, Sweden, Spain, Slovakia (slovak Republic), Russian Federation, Romania, Portugal, Poland, Norway, Italy, Ireland, Hungary, Greece, France, Germany, Finland, Denmark, Bulgaria, Belgium, Austria, Vietnam, Thailand, Taiwan, Syrian Arab Republic, Pakistan, Myanmar, Malaysia, Kuwait, Japan, Israel, India, China, Zimbabwe, Zambia, Tunisia, Sudan, Nigeria, Morocco, Libyan Arab Jamahiriya, Kenya, Ivory Coast (cote D'ivoire), Gabon, Ghana, Egypt, Cameroon, Botswana, Angola, Algeria, Oceania, Peru, Cuba, Oman, Iraq, Iran

Oxford Economics

Country Economic Forecasts > Guyana

Country Economic Forecasts > Guyana

  • $ 185
  • Country report
  • August 2014
  • by Oxford Economics

The economy grew by just over 5% in 2013, driven by solid growth in services and sizeable gains in construction, gold mining and rice production. Growth is expected to ease to 4.8% in 2014, with services ...

  • Countries : Guyana

The Economist Intelligence Unit

Country Report Guyana 4th Quarter 2014

Country Report Guyana 4th Quarter 2014

  • $ 285
  • Country report
  • October 2014
  • by The Economist Intelligence Unit

Outlook for 2015-16 As the first minority government in Guyana's history, the People's Progressive Party/Civic (PPP/C) administration, led by Donald Ramotar, will continue to face severe difficulties ...

  • Countries : Guyana

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