The economy of Guyana advanced by 48.7 percent year-on-year in 2020 compared to 4.3 percent in 2019. It was the strongest expansion on record, mainly driven by the mining sector (303.7 percent vs 10.6 percent in 2019), owing to petroleum & gas and gold. source: Bank of Guyana
GDP Annual Growth Rate in Guyana averaged 2.98 percent from 1961 until 2020, reaching an all time high of 48.70 percent in 2020 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 May of 2021.
GDP Annual Growth Rate in Guyana is expected to reach 16.00 percent by the end of 2021, 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 46.00 percent in 2022 and 10.00 percent in 2023, according to our econometric models.