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The economy of Guyana is one of the fastest growing in the world with a gross domestic product (GDP) growth of 19.9% in 2021. [12] In 2023, Guyana had a per capita gross domestic product ( purchasing power parity) of Int$ 60,648 and an average GDP growth of 4.2% over the previous decade. [4]
The figures are from the International Monetary Fund World Economic Outlook Database unless otherwise specified. [1] This list is not to be confused with the list of countries by real GDP per capita growth , which is the growth rate of GDP per person recalculated according to the changing number of the population of the country.
In 2008, the economy witnessed a 3% increase in growth amid the global economic crisis; it grew 5.4% in 2011 and 3.7% in 2012. IMF projected economic growth to be 53% in 2020 following the completion of the first off-shore oil project. Actual growth in GDP in 2020 was 43%; reports in April 2021 anticipate 20% growth for 2021. Tax policy
This is a list of countries by GDP (real) per capita growth rate, i.e., the growth rate of GDP per capita or the rate of increase of income per person. These numbers are corrected for inflation but not for purchasing power parity .
These figures have been taken from the International Monetary Fund's World Economic Outlook (WEO) Database (April 2024 edition) and/or other sources. [1] For older GDP trends, see List of regions by past GDP (PPP) .
Latin American and the Caribbean countries by GDP per capita PPP (2019). This is a list of Latin American and the Caribbean countries by gross domestic product at purchasing power parity in international dollars according to the International Monetary Fund's estimates in the October 2023 World Economic Outlook database.
This is a list of Latin American and Caribbean countries by gross domestic product (nominal) in USD according to the International Monetary Fund's estimates in April 2024 World Economic Outlook database. Cuba is not included in the list due to lack of economic data.
In June 2023, Guyana was elected as a non-permanent member to the UN Security Council. The country will serve on the Council for a period of two years, beginning in January 2024. Guyana has diplomatic relations with a wide range of nations, and these are managed primarily through its Ministry of Foreign Affairs.