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Indicators of economy in Guyana

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.915 US Dollar per capita. In contrast, the GDP in Guyana reached 6.956 US dollars per inhabitant, or 5.47 bn US Dollar in the whole country. Guyana is currently at number 160 among the international economies and is therefore one of the less significant. If this is calculated per inhabitant taking into account the purchasing power parity, then Guyana is in the list of the world's richest countries in place 70.

Inflation in Guyana was in 2021 at around 5.03%. Within the EU, the average in the same year was 2.62%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 45.2% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


Back to overview: Guyana

Impact of the Covid-19 pandemic in 2020

Overall, the gross domestic product in Guyana in 2020 increased from 5.17 billion US Dollar to 5.47 billion US Dollar. Certainly, there have been shifts in numerous sectors of the economy, but a 5.8 percent increase has been rather unusual this year. While most countries have suffered significant losses, Guyana has certainly held its own. The unemployment rate rose from 14.0 to 16.4 percent. The inflation rate has fallen from 2.1 percent previously to 1.0 percent by the end of 2020.

Unemployment rates in percent 1991 - 2021

Economic performance 2020

 Guyana
Total
Guyana
per capita
EU
Total
EU
per capita
GDP5.47 bn USD6,955.94 USD15,291.93 tn USD29,692.11 USD
Gross national product5.61 bn USD7,134.63 USD15,330.84 tn USD29,767.66 USD


Development of gross domestic product in million US Dollar 1960 - 2020



Im- and Exports 2020

 Guyana
Total
Guyana
per capita
EU
Total
EU
per capita
Imports3.69 bn USD4,689.45 USD7,340.01 bn USD14,251.98 USD
Exports2.80 bn USD3,554.85 USD7,939.04 bn USD15,415.11 USD


Development of imports and exports in million US dollars 1977 - 2020

Exports
Imports



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