Guyana - Economy
How is the economy of Guyana? Based on the information we have, Guyana has a small, hydrocarbon-driven South American export economy; major forest coverage being leveraged in carbon credit offsets to encourage preservation; strengthening financial sector; large bauxite and gold resources. Key agricultural products in this country include: sugarcane, rice, plantains, papayas, cassava, pumpkins/squash, chicken, milk, eggplants, ginger (2022).
More about the economy of Guyana
Labor force 295,000 (2023 est.)
Industrial production growth rate 98.53% (2022 est.)
Industries bauxite, sugar, rice milling, timber, textiles, gold mining
Population below poverty line
Taxes and other revenues 28.1% (of GDP) (2017 est.)
Fiscal year
Exchange rates
Currency Guyanese dollars (GYD) per US dollar -
Exchange rates 2023 208.5 (2023 est.)
Exchange rates 2022 208.5 (2022 est.)
Exchange rates 2021 208.5 (2021 est.)
Exchange rates 2020 208.5 (2020 est.)
Exchange rates 2019 208.5 (2019 est.)
Debt - external
Debt - external 2022 $1.631 billion (2022 est.)
Reserves of foreign exchange and gold
Reserves of foreign exchange and gold 2023 $895.275 million (2023 est.)
Reserves of foreign exchange and gold 2022 $917.877 million (2022 est.)
Reserves of foreign exchange and gold 2021 $790.785 million (2021 est.)
Current account balance
Current account balance 2022 -$254.121 million (2022 est.)
Current account balance 2021 -$2.503 billion (2021 est.)
Current account balance 2020 -$396.533 million (2020 est.)
Public debt
Public debt 2017 52.2% of GDP (2017 est.)
Budget
Revenues $1.333 billion (2019 est.)
Expenditures $1.467 billion (2019 est.)
Budget surplus (+) or deficit (-)
Remittances
Remittances 2023 3.27% of GDP (2023 est.)
Remittances 2022 3.57% of GDP (2022 est.)
Remittances 2021 6.81% of GDP (2021 est.)
Imports
Imports 2022 $7.067 billion (2022 est.)
Imports 2021 $6.611 billion (2021 est.)
Imports 2020 $3.756 billion (2020 est.)
Imports (partners) US 28%, China 14%, Brazil 7%, Trinidad and Tobago 7%, Suriname 4% (2022)
Comodities Imports force refined petroleum, valves, iron pipes, construction vehicles, cars (2022)
Exports
Imports 2022 $7.067 billion (2022 est.)
Imports 2021 $6.611 billion (2021 est.)
Imports 2020 $3.756 billion (2020 est.)
Exports (partners) Panama 32%, Netherlands 15%, US 13%, UAE 6%, Italy 6% (2022)
Comodities Exports force crude petroleum, gold, rice, aluminum ore, liquor (2022)
Real GDP (purchasing power parity)
Real GDP (purchasing power parity) 2023 $40.539 billion (2023 est.)
Real GDP (purchasing power parity) 2022 $30.476 billion (2022 est.)
Real GDP (purchasing power parity) 2021 $18.647 billion (2021 est.)
GDP (official exchange rate) $16.786 billion (2023 est.)
Real GDP Per capita
Real GDP per capita 2023 $49,800 (2023 est.)
Real GDP per capita 2022 $37,700 (2022 est.)
Real GDP per capita 2021 $23,200 (2021 est.)
GDP - composition, by sector of origin
Agriculture 10% (2022 est.)
Industry 67.8% (2022 est.)
Services 19.3% (2022 est.)
GDP - composition, by end use
Household consumption 71.1% (2017 est.)
Government consumption 18.2% (2017 est.)
Investment in fixed capital 25.4% (2017 est.)
Exports of goods and services 47.8% (2017 est.)
Imports of goods and services -63% (2017 est.)
Unemployment rate
Unemployment rate 2023 12.43% (2023 est.)
Unemployment rate 2022 12.42% (2022 est.)
Unemployment rate 2021 14.93% (2021 est.)
Youth unemployment rate (ages 15-24)
Total 25.9% (2023 est.)
Male 21.5% (2023 est.)
Female 32.4% (2023 est.)
All Important Facts about Guyana

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Guyana is found in South America