Guyana - Economic Forecasts - 2018-2020 Outlook

This page has economic forecasts for Guyana including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Guyana economy.


MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 207.35
209 210 212 213 219
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 2.10
percent
3.1 3.1 3.02 2.95 4.2
GDP 3.68
USD Billion
3.77 3.75 3.8 3.8 4
GDP per capita 3871.39
USD
3920 3920 4100 4100 4200
GDP per capita PPP 7435.05
USD
7564 7570 7789 7789 8055
Gdp Constant Prices 406723.00
GYD Million
410543 418721 419006 418721 455069
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 12.00
percent
12.2 12.2 11.9 11.9 11.5
Population 0.76
Million
0.76 0.76 0.76 0.76 0.76
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 1.30
percent
1.2 2.4 1.2 1.2 2.5
Inflation Rate Mom 0.70
percent
0.05 0.1 0.11 0.1 0.1
Consumer Price Index Cpi 116.20
Index Points
117 118 116 118 123
Food Inflation 1.70
percent
4 4.5 4.29 2.64 3.6
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 5.00
percent
5 5 5 5 5
Deposit Interest Rate 1.05
percent
1.05 1.05 1.05 1.05 1.05
Money Supply M2 367.21
GYD Billion
359 359 359 359 359
Foreign Exchange Reserves 454.40
USD Million
450 449 446 448 447
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade 100.90
USD Million
-81.83 -73.39 -86.82 -72.05 -75.85
Exports 326.20
USD Million
341 379 336 380 377
Imports 427.10
USD Million
423 452 423 453 453
Current Account -287.40
USD Million
-257 -309 -295 -282 -234
Current Account to GDP -8.10
percent
-3.7 -3.7 -3.2 -3.2 -2.8
Terrorism Index 0.15
0.74 0.78 0.86 0.94 1.15
Tourist Arrivals 249.20
Thousand
200 200 200 200 200
External Debt 1259600.00
USD Thousand
1285004 1286334 1294290 1296704 1303537
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 53.40
percent
50.2 56 61.8 61.8 55.8
Government Budget -4.50
percent of GDP
-4.68 -4.99 -4.69 -4.39 -4.14
Military Expenditure 55.88
USD Million
56.25 57.43 57.84 58.26 62.1
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Internet Speed 3142.19
KBps
2894 2926 3236 2917 3052
IP Addresses 28467.00
IP
29548 30022 30541 31047 36010
Ease of Doing Business 126.00
132 137 134 132 121
Competitiveness Index 3.56
Points
3.55 3.53 3.52 3.52 3.5
Competitiveness Rank 121.00
115 115 115 114 112
Corruption Index 38.00
Points
38 39 40 40 43
Corruption Rank 91.00
97 94 95 95 117
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Sales Tax Rate 14.00
percent
14 14 14 14 14
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Temperature 26.76
celsius
26.06 26.37 25.76 26.7 26.56