Support Our Sponsor
. . Flags of the World Maps of All Countries

  • |Main INDEX|
  • 2004 INDEX
  • Country Ranks
  • DEFINITIONS

    Guyana Index


    . Feedback
  • geographic.org Home PageCountry Index

    Guyana Economy - 2004
    https://immigration-usa.com/wfb2004/guyana/guyana_economy.html
    SOURCE: 2004 CIA WORLD FACTBOOK

      Economy - overview:
      The Guyanese economy exhibited moderate economic growth in 2001-02, based on expansion in the agricultural and mining sectors, a more favorable atmosphere for business initiatives, a more realistic exchange rate, fairly low inflation, and the continued support of international organizations. Growth then slowed in 2003. Chronic problems include a shortage of skilled labor and a deficient infrastructure. The government is juggling a sizable external debt against the urgent need for expanded public investment. The bauxite mining sector should benefit in the near term by restructuring and partial privatization.

      GDP:
      purchasing power parity - $2.792 billion (2003 est.)

      GDP - real growth rate:
      0.3% (2003 est.)

      GDP - per capita:
      purchasing power parity - $4,000 (2003 est.)

      GDP - composition by sector:
      agriculture: 35%
      industry: 21%
      services: 44% (2002 est.)

      Population below poverty line:
      NA%

      Household income or consumption by percentage share:
      lowest 10%: NA%
      highest 10%: NA%

      Inflation rate (consumer prices):
      4.7% (2002 est.)

      Labor force:
      418,000 (2001 est.)

      Labor force - by occupation:
      agriculture NA%, industry NA%, services NA%

      Unemployment rate:
      9.1% (understated) (2000)

      Budget:
      revenues: $227 million
      expenditures: $235.2 million, including capital expenditures of $93.4 million (2000)

      Industries:
      bauxite, sugar, rice milling, timber, textiles, gold mining

      Industrial production growth rate:
      7.1% (1997 est.)

      Electricity - production:
      852 million kWh (2001)

      Electricity - production by source:
      fossil fuel: 99.4%
      hydro: 0.6%
      other: 0% (2001)
      nuclear: 0%

      Electricity - consumption:
      792.4 million kWh (2001)

      Electricity - exports:
      0 kWh (2001)

      Electricity - imports:
      0 kWh (2001)

      Oil - production:
      0 bbl/day (2001 est.)

      Oil - consumption:
      11,000 bbl/day (2001 est.)

      Oil - exports:
      NA

      Oil - imports:
      NA

      Agriculture - products:
      sugar, rice, wheat, vegetable oils; beef, pork, poultry, dairy products; fish (shrimp)

      Exports:
      $512 million f.o.b. (2003 est.)

      Exports - commodities:
      sugar, gold, bauxite/alumina, rice, shrimp, molasses, rum, timber

      Exports - partners:
      Canada 26.3%, US 22.3%, UK 13%, Jamaica 5.1%, Portugal 5.1%, Belgium 4.2% (2002)

      Imports:
      $612 million f.o.b. (2003 est.)

      Imports - commodities:
      manufactures, machinery, petroleum, food

      Imports - partners:
      US 25.1%, Trinidad and Tobago 16%, Netherlands Antilles 13.7%, Italy 6.6%, UK 5.5%, Cuba 4.4% (2002)

      Debt - external:
      $1.2 billion (2002)

      Economic aid - recipient:
      $84 million (1995), Heavily Indebted Poor Country Initiative (HIPC) $253 million (1997) (2000 est.)

      Currency:
      Guyanese dollar (GYD)

      Currency code:
      GYD

      Exchange rates:
      Guyanese dollars per US dollar - NA (2003), 190.67 (2002), 187.32 (2001), 182.43 (2000), 178 (1999)

      Fiscal year:
      calendar year


      NOTE: The information regarding Guyana on this page is re-published from the 2004 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Guyana Economy 2004 information contained here. All suggestions for corrections of any errors about Guyana Economy 2004 should be addressed to the CIA.

    Support Our Sponsor

    Support Our Sponsor

    Please ADD this page to your FAVORITES - - - - -



    https://immigration-usa.com/wfb2004/guyana/guyana_economy.html

    Revised 21-May-04
    Copyright © 2004 Photius Coutsoukis (all rights reserved)


    CTR040725