Guyana recorded a Current Account deficit of 8.10 percent of the country's Gross Domestic Product in 2017. Current Account to GDP in Guyana averaged -14.79 percent from 1977 until 2017, reaching an all time high of -0.40 percent in 2016 and a record low of -37.62 percent in 1992.

Current Account to GDP in Guyana is expected to be -3.20 percent by the end of this quarter, 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 2020, according to our econometric models.

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Guyana Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-8.10 -0.40 -0.40 -37.62 1977 - 2017 percent Yearly

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.

Guyana Trade Last Previous Highest Lowest Unit
Balance of Trade -335.00 -293.00 16.20 -335.00 USD Million [+]
Current Account -679.70 -297.20 -12.40 -679.70 USD Million [+]
Current Account to GDP -8.10 -0.40 -0.40 -37.62 percent [+]
Exports 402.90 340.90 589.00 125.80 USD Million [+]
Imports 737.80 633.90 783.70 194.90 USD Million [+]
Terrorism Index 0.04 0.08 2.94 0.00 [+]
Tourist Arrivals 281.90 247.30 281.90 99.00 Thousand [+]
External Debt 1274045.00 1267810.00 1392008.00 953525.00 USD Thousand [+]