The Gross Domestic Product (GDP) in Guyana expanded 4.70 percent in 2019 from the previous year.

GDP Annual Growth Rate in Guyana averaged 2.21 percent from 1961 until 2019, reaching an all time high of 11.36 percent in 1964 and a record low of -13.19 percent in 1982. This page provides - Guyana GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Guyana GDP Annual Growth Rate - values, historical data and charts - was last updated on July of 2020.

GDP Annual Growth Rate in Guyana is expected to reach -5.00 percent by the end of 2020, 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 3.50 percent in 2021 and 3.00 percent in 2022, according to our econometric models.

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Guyana GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.70 4.10 11.36 -13.19 1961 - 2019 percent Yearly

Guyana GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 4.70 4.10 11.36 -13.19 percent [+]
GDP 4.28 3.88 4.28 0.17 USD Billion [+]
GDP per capita 3965.97 3852.69 3965.97 1448.52 USD [+]
GDP per capita PPP 7616.69 7399.14 7616.69 2875.31 USD [+]
GDP Constant Prices 423528.00 406698.00 423528.00 262880.00 GYD Million [+]


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.