Guyana recorded a Current Account deficit of 27.60 percent of the country's Gross Domestic Product in 2018. source: Bank of Guyana

Current Account to GDP in Guyana averaged -15.34 percent from 1977 until 2018, reaching an all time high of -1.20 percent in 2015 and a record low of -37.09 percent in 1992. This page provides - Guyana Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Guyana Current Account to GDP - values, historical data and charts - was last updated on March of 2021.

Current Account to GDP in Guyana is expected to reach -3.20 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Guyana Current Account to GDP is projected to trend around -3.00 percent in 2021, according to our econometric models.

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Guyana Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-27.60 -11.00 -1.20 -37.09 1977 - 2018 percent Yearly

Guyana Trade Last Previous Highest Lowest Unit
Balance of Trade 286.90 97.50 286.90 -1546.00 USD Million [+]
Current Account -1802.80 -1438.80 -12.40 -1802.80 USD Million [+]
Current Account to GDP -27.60 -11.00 -1.20 -37.09 percent [+]
Imports 535.30 430.40 1995.20 194.90 USD Million [+]
Exports 822.10 527.80 822.10 125.80 USD Million [+]
External Debt 1320782.00 1293135.00 1392008.00 953525.00 USD Thousand [+]
Terrorism Index 0.48 0.04 2.94 0.00 [+]
Tourist Arrivals 281.90 247.30 281.90 99.00 Thousand [+]


Guyana Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.