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ECON FACTBOOK

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Economy of Guyana

Population: 800 thousand in 20131

GDP: $3.08 billion in 20132

GDP per capita: $3,739 nominal3 ($6,551 PPP4) in 2013

GDP growth rate: 5.2% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Other activities50321.5%
Mining and utilities46019.6%
Agriculture, hunting, forestry, fishing42017.9%
Wholesale, retail trade, restaurants and hotels35715.2%
Transport, storage and communication24110.3%
Construction2169.2%
Manufacturing1466.2%
Total value added2,344100%

Employment

Unemployment rate: 11.1% in 20137

Employment by Industry

N/A

Corporations

Top 10 Corporations by Revenue 20138

N/A

Households

Household Wealth: $2 billion (154% of GDP) in 20149

Household Wealth per Adult: $4,104 in 20149

Gini Coefficient: .446 in 200710

Government

Central Government

Central Government Revenue: $757 million (25% of GDP) in 201311

Central Government Expenditure: $949 million (31% of GDP) in 201311

Central Government Budget Balance: $192 million (-6% of GDP) in 201311

Central Government Public Debt: $404 million (13% of GDP) in Sept 2014* 12

Central Government 10 Year Bond Interest Rate: N/A

* Money supply calculate using the exchange rate 207.2 GYD = 1 USD

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds in 2013* 13

Corporate Tax Rate: 35% in 201414

* Individual thresholds calculated using the exchange rate 207.2 GYD = 1 USD

Monetary Policy

Money Supply (M0): $543 million (18% of GDP) in Sept 2014* 15

Benchmark Interest Rate: Bank Rate = 5.00% in 201516

Total Reserves: $783 million (25% of GDP) in 201317

Exchange Rate: 207.2 Guyanese Dollar = 1 U.S. Dollar on Feb 22, 201518

Inflation: 2.1% in 201319

* Money supply calculated using the exchange rate 207.2 GYD = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201320

N/A (data not available at Relbanks.com)

International Accounts

Exports: $1.34 billion (43% of GDP) in 201321

Imports: $2.04 billion (66% of GDP) in 201321

Trade Balance: -$0.70 billion (-23% of GDP) in 201321

Foreign Direct Investment Inflow: $200 million (6% of GDP) in 201322

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $114 million (4% of GDP) in 201223

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: Annual reports (Corporate data) Go back
9. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
10. Source: CIA World Factbook (Gini coefficient) Go back
11. Source: CIA World Factbook (Government budget) Go back
12. Source: Bank of Guyana, Economic & Financial Framework, Publications, Qtrly Report (Public debt) Go back
13. Source: PKF Tax Guide (Individual tax rates) Go back
14. Source: Tax Foundation (Corporate tax rate) Go back
15. Source: Bank of Guyana, Economic & Financial Framework, Publications, Qtrly Report (Money supply) Go back
16. Source: Bank of Guyana (Benchmark interest rate) Go back
17. Source: World Bank Indicators (Total reserves) Go back
18. Source: xe.com (Exchange rate) Go back
19. Source: World Bank Indicators (Inflation rate) Go back
20. Source: Relbanks.com (Financial institutions by assets) Go back
21. Source: CIA World Factbook (Trade data) Go back
22. Source: World Bank Indicators (FDI data) Go back
23. Source: World Bank Indicators (Aid data) Go back