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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
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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.
...
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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