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 Q1/18 Q2/18 Q3/18 Q4/18 2020
Currency 205.98
212 217 223 229 253
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Annual Growth Rate 3.30
percent
4.2 4.3 2.45 2.5 4.2
GDP 3.45
USD Billion
3.3 3.4 3.5 3.6 3.8
GDP per capita 3758.70
USD
3747 3768 3790 3920 4200
GDP per capita PPP 7248.20
USD
7275 7312 7350 7387 7730
Gdp Constant Prices 398016.00
GYD Million
399440 401956 404472 406989 420950
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 11.40
percent
21.3 21.3 11.32 11.2 19
Population 0.74
Million
0.74 0.74 0.74 0.74 0.75
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 1.50
percent
2.1 2.2 2.1 2.4 2.5
Inflation Rate Mom 0.20
percent
0.11 0.15 0.15 0.15 0.15
Consumer Price Index Cpi 115.20
Index Points
116 116 115 115 120
Food Inflation 2.80
percent
3.2 3.8 4 4.5 3.6
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 5.00
percent
5 5 5.25 5.25 5
Deposit Interest Rate 1.20
percent
1.78 1.79 1.8 1.81 3.96
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -35.90
USD Million
-66.64 -73.35 -79.05 -83.56 -98.04
Exports 360.50
USD Million
363 364 362 363 359
Imports 396.40
USD Million
412 420 423 427 442
Current Account 13.00
USD Million
-59.95 -17.81 24.32 66.46 -297
Current Account to GDP 0.40
percent
-3.7 -3.7 -1.61 -3.7 -2.8
Remittances 415.00
USD Million
393 394 395 395 256
Terrorism Index 0.15
0.71 0.76 0.8 0.85 1.07
Tourist Arrivals 235.30
Thousand
200 200 200 200 300
External Debt 1209959.00
USD Thousand
1227957 1227806 1226485 1220904 1165268
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 48.30
percent
49.9 50.2 50.5 50.8 66.1
Government Budget -4.50
percent of GDP
-2.63 -2.72 -2.81 -2.9 -2.45
Military Expenditure 49.00
USD Million
45.7 46.26 46.83 47.39 43.04
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Internet Speed 3142.19
KBps
2743 2677 2829 2721 2240
IP Addresses 28467.00
IP
27883 27715 27541 27365 25455
Ease of Doing Business 126.00
123 128 132 137 121
Competitiveness Index 3.56
Points
3.59 3.58 3.56 3.54 3.51
Competitiveness Rank 121.00
117 114 112 110 112
Corruption Index 34.00
Points
32 32 32 32 34
Corruption Rank 108.00
116 117 117 118 128
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Sales Tax Rate 14.00
percent
15 15 15 15 15
CLIMATE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Temperature 26.76
celsius
25.7 25.8 26.06 26.37 26.56