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Indicators of economy in Guyana

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in Guyana, on the other hand, reached USD 9,999 per capita, or 8.04 billion USD for the whole country. Guyana is one of the smaller economies and is currently ranked 154. If this is calculated per inhabitant, taking purchasing power parity into account, then Guyana ranks 64th in the list of the richest countries.

Inflation in Guyana in 2021 was around 5.03%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 45.2 percent lower.
The index for perceived corruption in the public sector is 39, which is below average by global standards.


Back to overview: Guyana

Impact of the COVID-19 pandemic

Overall, the gross domestic product in Guyana in 2020 increased from 5.17 billion US dollars to 5.47 billion US dollars. 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 fell from 2.1 percent previously to 1.0 percent by the end of 2020.

Unemployment rates in percentages 1991 - 2021

Economic performance 2021

 Guyana
Total
Guyana
per capita
EU
Total
EU
per capita
GDP8.04 bn USD9,998.54 USD17.177 tn USD33,384.92 USD
Gross national product7.57 bn USD9,405.44 USD16.895 tn USD32,835.37 USD


Development of gross domestic product in millions of USD 1960 - 2021



Imports and Exports 2021

 Guyana
Total
Guyana
per capita
EU
Total
EU
per capita
Imports3.69 bn USD4,584.49 USD8.916 tn USD17,329.02 USD
Exports2.80 bn USD3,475.29 USD9.554 tn USD18,569.19 USD


Development of imports and exports in millions of USD 1977 - 2021

Exports
Imports



Guyana: AirportsThe 4 airports in GuyanaThe 4 biggest airports in Guyana
Pariah StatesList of the 11 current Pariah States11 countries, that suffer from the sanctions of the international community because of their mostly autocratic government.
Alliance: ASEAN - Association of Southeast Asian NationsMembers of the ASEAN - Association of Southeast Asian NationsThe 10 members of the ASEAN trade agreement, listed with area and population (8.5% of world population)