Guyana - Economic Forecasts - 2018-2020 Outlook

This page has economic forecasts for Guyana including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Guyana economy.


MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 207.98
211 215 220 224 243
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 2.10
percent
3.1 3.1 3.02 2.95 4.2
GDP 3.68
USD Billion
3.77 3.75 3.8 3.8 4
GDP per capita 3871.39
USD
3920 3920 4100 4100 4200
GDP per capita PPP 7435.05
USD
7564 7570 7789 7789 8055
Gdp Constant Prices 398016.00
GYD Million
410354 409757 410036 409757 445327
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 12.00
percent
12.2 12.2 11.9 11.9 11.5
Population 0.76
Million
0.76 0.76 0.76 0.76 0.76
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 0.60
percent
0.7 2.4 0.7 0.7 2.5
Inflation Rate Mom 0.00
percent
0.07 0.05 0.06 0.06 0.06
Consumer Price Index Cpi 114.80
Index Points
116 118 116 116 123
Food Inflation 1.00
percent
4 4.5 4.29 1.4 3.6
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 5.00
percent
5 5 5 5 5
Deposit Interest Rate 1.05
percent
1.05 1.05 1.05 1.05 1.05
Money Supply M2 367.21
GYD Billion
359 359 359 359 359
Foreign Exchange Reserves 485.30
USD Million
475 478 475 477 476
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -51.70
USD Million
-63.97 -54.82 -67.15 -53.52 -57.06
Exports 394.30
USD Million
348 386 345 388 384
Imports 446.00
USD Million
412 441 412 441 441
Current Account 13.00
USD Million
-9.82 35.76 31.77 27.77 28.65
Current Account to GDP 0.40
percent
-3.7 -3.7 -3.2 -3.2 -2.8
Terrorism Index 0.15
0.74 0.78 0.86 0.94 1.15
Tourist Arrivals 235.30
Thousand
200 200 225 250 300
External Debt 1240593.00
USD Thousand
1270780 1269138 1277478 1277014 1282120
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 53.40
percent
50.2 56 61.8 61.8 55.8
Government Budget -4.50
percent of GDP
-4.68 -4.99 -4.69 -4.39 -4.14
Military Expenditure 55.88
USD Million
56.25 57.43 57.84 58.26 62.1
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Internet Speed 3142.19
KBps
2894 2926 3236 2917 3052
IP Addresses 28467.00
IP
29548 30022 30541 31047 36010
Ease of Doing Business 126.00
132 137 134 132 121
Competitiveness Index 3.56
Points
3.55 3.53 3.52 3.52 3.5
Competitiveness Rank 121.00
115 115 115 114 112
Corruption Index 38.00
Points
38 39 40 40 43
Corruption Rank 91.00
97 94 95 95 117
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Sales Tax Rate 14.00
percent
14 14 14 14 14
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Temperature 26.76
celsius
26.06 26.37 25.76 26.7 26.56