Guyana | Economic Forecasts | 2017-2020 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 Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 204.51 206 208 214 212 245 [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Annual Growth Rate 3.00 3.4 3.4 3.4 3.6 4.2 percent [+]
GDP 3.17 3.4 3.27 3.29 3.32 3.64 USD Billion [+]
GDP per capita 3663.42 3800 3719 3800 3751 4200 USD [+]
GDP per capita PPP 7064.45 7193 7245 7296 7335 7944 USD [+]
Gdp Constant Prices 385435.00 391603 394545 397487 400555 451356 GYD Million [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 21.00 20 20 20 21.3 19 percent [+]
Population 0.74 0.74 0.74 0.74 0.74 0.75 Million [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 1.40 1.7 1.8 2 2.1 2.5 percent [+]
Inflation Rate Mom 0.30 0.07 0.07 0.07 0.07 0.07 percent [+]
Consumer Price Index Cpi 113.50 114 115 115 116 120 Index Points [+]
Food Inflation 4.20 4.25 4.26 4.28 4.29 4.29 percent [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 5.00 5 5 5 5 5 percent [+]
Deposit Interest Rate 1.20 1.17 1.17 1.17 1.16 1.12 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -133.90 -123 -115 -111 -110 -112 USD Million [+]
Exports 329.00 360 326 359 326 358 USD Million [+]
Imports 462.80 465 440 467 440 467 USD Million [+]
Current Account -144.20 -260 -214 -167 -172 -218 USD Million [+]
Current Account to GDP -4.60 -8.37 -6.56 -4.75 -4.39 -6.93 percent [+]
Remittances 415.00 416 416 416 416 418 USD Million [+]
Terrorism Index 0.00 0.63 0.69 0.76 0.87 1.28 [+]
Tourist Arrivals 206.80 200 205 210 210 209 Thousand [+]
External Debt 1153695.00 1160650 1160039 1162686 1161855 1163393 USD Thousand [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 48.30 47.41 45.93 44.46 44.29 43.43 percent [+]
Government Budget -1.40 -3.77 -3.05 -2.33 -2.29 -2.68 percent of GDP [+]
Military Expenditure 49.00 47.36 48.03 48.71 48.96 51.58 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Ease of Doing Business 124.00 127 124 121 121 117 [+]
Competitiveness Index 3.56 3.57 3.55 3.53 3.52 3.5 Points [+]
Competitiveness Rank 121.00 114 115 115 115 112 [+]
Corruption Index 34.00 31 31 31 32 34 Points [+]
Corruption Rank 108.00 116 116 116 117 128 [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Sales Tax Rate 16.00 16 16 16 16 16 percent [+]