Key Market Indicators
Guyanese vehicle registration is projected to hit approximately 7,600 units by 2028, reflecting an average annual growth rate of 1% from the 7,100 units recorded in 2023. This steady rise marks a continuation of the trend observed since 2010, where the market has seen an average yearly increase of 0.7%. In 2023, Guyana ranked 99th globally in vehicle registrations, narrowly edged out by Moldova, which registered the same number of units. Topping the list, Canada, China, and Austria secured the 2nd, 3rd, and 4th spots, respectively.
