Guyana Economic Statistics and Indicators

21, Nov 2018, EST. Welcome to the Guyana economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Guyana › Change country
National or Regional Currency: Guyana Dollar, GYD
Year of data: 2015 › Change year
Number of Indicators Listed:
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 735554 ; 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 (July 2014 est.)
Area: total: 214,969 sq km ; land: 196,849 sq km ; water: 18,120 sq km
Natural Resources: bauxite, gold, diamonds, hardwood timber, shrimp, fish
Capital: name: Georgetown ; geographic coordinates: 6 48 N, 58 09 W ; time difference: UTC-4 (1 hour ahead of Washington, DC, during Standard Time)

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. Guyana has experienced positive growth almost every year over the past decade. Inflation has been kept under control. Recent years have seen the government's stock of debt reduced significantly - with external debt now less than half of what it was in the early 1990s. Chronic problems include a shortage of skilled labor and a deficient infrastructure. Despite recent improvements, the government is still juggling a sizable external debt against the urgent need for expanded public investment. In March 2007, the Inter-American Development Bank, Guyana's principal donor, canceled Guyana's nearly $470 million debt, equivalent to 21% of GDP, which along with other Highly Indebted Poor Country (HIPC) debt forgiveness brought the debt-to-GDP ratio down from 183% in 2006 to 60% in 2013. Guyana had become heavily indebted as a result of the inward-looking, state-led development model pursued in the 1970s and 1980s. Much of Guyana's growth in recent years has come from a surge in gold production in response to global prices, although downward trends in gold prices may threaten future growth. In 2013, production of sugar dropped to a 23-year low.

Economic Indicators for Guyana 2015

Not Available
* Source: IMF
Aggregate Indicators for Guyana
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Guyana
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Guyana
  Natural Resources, Agricultural Products, Land Use and Water Use for Guyana
  Nationality, Ethnic Groups, Languages and Religions for Guyana
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Guyana
  Age Structure, Median Age, Gender and Urbanization for Guyana
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Guyana
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Guyana
  HIV, AIDS and Other Major Infectious Disease Rates for Guyana
  Literacy Rate, Educational Expenditure and School Life Expectancy for Guyana
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Guyana
  Industries and Industrial Growth Production Rate for Guyana
  Labor Force by Occupation for Guyana
  Poverty Line, Gini Index, Household Income and Consumption for Guyana
  National Budget and Public Debt for Guyana
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Guyana
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Guyana
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Guyana
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Guyana
  Foreign Exchange Reserves and Gold Reserves for Guyana
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Guyana
  Exchange Rate Statistics for Guyana
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Guyana
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Guyana
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Guyana
  Television and Radio Statistics (TV Stats, Radio Stats) for Guyana
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Guyana
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Guyana
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Guyana
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Guyana
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Guyana
* Source: CIA
Internet Indicators for Guyana
Indicators
  Number of Internet Users for Guyana
  Internet Penetration Rate for Guyana
  Number of Facebook Accounts for Guyana
  Facebook Penetration Rate for Guyana
* Source: IWS
Economic Freedom Indicators for Guyana
Indicators
  Economic Freedom World Rank for Guyana
  Government Spending for Guyana
  Monetary Freedom for Guyana
  Investment Freedom for Guyana
  Financial Freedom for Guyana
  Property Rights for Guyana
  Economic Freedom Regional Ranking for Guyana
  Freedom from Corruption for Guyana
  Labor Freedom for Guyana
  Tariff Rate for Guyana
  Income Tax Rate for Guyana
  Corporate Tax Rate for Guyana
  Tax Burden % of GDP for Guyana
  Government Expenditure % of GDP for Guyana
  Business Freedom for Guyana
  Trade Freedom for Guyana
  Fiscal Freedom for Guyana
  2016 Score for Guyana
* Source: HFO