The Gross Domestic Product (GDP) in Guyana expanded 33.20 percent in the fourth quarter of 2023 over the same quarter of the previous year. GDP Annual Growth Rate in Guyana averaged 4.72 percent from 1961 until 2023, reaching an all time high of 65.30 percent in 2022 and a record low of -13.19 percent in 1982. source: Bank of Guyana

GDP Annual Growth Rate in Guyana is expected to reach 20.00 percent by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Guyana GDP Annual Growth Rate is projected to trend around 10.00 percent in 2025 and 6.00 percent in 2026, according to our econometric models.




Related Last Previous Unit Reference
GDP 16.79 14.72 USD Billion Dec 2023
GDP Annual Growth Rate 33.20 65.30 percent Dec 2023
GDP Constant Prices 3792495.00 2847840.00 GYD Million Dec 2023
GDP per Capita 23325.12 17646.22 USD Dec 2023
GDP per Capita PPP 49811.79 37684.24 USD Dec 2023

Guyana GDP Annual Growth Rate
Guyana is one of the poorest countries in Latin America. Guyana’s economy is dependent on agriculture, mining (gold and bauxite), eco-tourism and foreign aid. Recent debt reliefs under the Highly Indebted Poor Countries initiative and the entrance into the Caribbean Single Market and Economy have enabled investment on infrastructure and broadened the export market. As a result, commercial agriculture and industrial production has been expanding. However, systemic trade deficits, high crime rates and skilled labour-force migration continue to hamper economic development.
Actual Previous Highest Lowest Dates Unit Frequency
33.20 65.30 65.30 -13.19 1961 - 2023 percent Yearly