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 Q4/17 Q1/18 Q2/18 Q3/18 2020
Currency 204.50 204 202 200 198 176 [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Annual Growth Rate 3.30 3.8 4.2 4.3 2.35 4.2 percent [+]
GDP 3.45 3.6 3.62 3.65 3.67 3.8 USD Billion [+]
GDP per capita 3758.70 3800 3821 3830 3840 4200 USD [+]
GDP per capita PPP 7248.20 7387 7417 7446 7476 7678 USD [+]
Gdp Constant Prices 398016.00 406989 408709 410429 412149 420950 GYD Million [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 21.00 20 21.3 21.3 20.88 19 percent [+]
Population 0.74 0.74 0.74 0.74 0.74 0.75 Million [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 2.00 2 2.1 2.2 3.2 2.5 percent [+]
Inflation Rate Mom 0.30 0.15 0.16 0.15 0.15 0.15 percent [+]
Consumer Price Index Cpi 115.10 115 116 116 115 120 Index Points [+]
Food Inflation 4.70 5.5 7.2 6.1 5.9 3.6 percent [+]
MONEY Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Interest Rate 5.00 5 5 5 5.25 5 percent [+]
Deposit Interest Rate 1.20 1.81 2.01 2.21 2.41 3.68 percent [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade -68.10 -83.08 -88.22 -91.87 -94.56 -101 USD Million [+]
Exports 363.70 360 353 356 354 355 USD Million [+]
Imports 431.80 435 433 437 438 445 USD Million [+]
Current Account 13.00 66.46 63.79 61.11 58.43 -173 USD Million [+]
Current Account to GDP 0.40 -4 -3.7 -3.7 -0.84 -2.8 percent [+]
Remittances 415.00 395 390 385 380 265 USD Million [+]
Terrorism Index 0.00 0.82 0.93 1.05 1.16 1.18 [+]
Tourist Arrivals 235.30 200 225 250 275 300 Thousand [+]
External Debt 1200647.00 1217201 1223257 1222414 1221480 1161440 USD Thousand [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 48.30 50.8 51.57 52.35 53.12 61.8 percent [+]
Government Budget -4.50 -2.9 -3.1 -3.29 -3.49 -2.94 percent of GDP [+]
Military Expenditure 49.00 47.39 47.21 47.04 46.86 44.27 USD Million [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Ease of Doing Business 124.00 121 121 120 120 117 [+]
Competitiveness Index 3.56 3.54 3.54 3.54 3.54 3.52 Points [+]
Competitiveness Rank 121.00 110 109 108 107 114 [+]
Corruption Index 34.00 32 33 34 35 37 Points [+]
Corruption Rank 108.00 118 119 120 122 131 [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Sales Tax Rate 16.00 16 16 16 16 16 percent [+]