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Economic Gateway

Discover Guyana's
Economic Gateway

Your comprehensive platform for connecting with Guyanese communities, comparing cost of living, and exploring economic opportunities.

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πŸ“ˆ Economic Highlights (2024)

GDP Growth Rate

43.6%

#1 Worldwide

GDP Value

$24.8B

Nominal

Oil Production

645K bpd

+57% YoY

Inflation Rate

2.9%

Stable
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Economic Dashboard

Real-time indicators for South America's fastest-growing economy

πŸ“ˆ
43.6%
GDP Growth (2024)
Fastest growing globally
πŸ’΅
$31,378
GDP Per Capita
High-income status
πŸ‘₯
89.8%
Employment Rate
10.2% unemployment
🏦
$3.1B
Sovereign Wealth Fund
Natural Resource Fund
2.9%
Inflation Rate
645K
Oil bpd
$2.6B
Oil Revenue (2024)
24.5%
Current Account Surplus

Data sources: IMF, World Bank, Trading Economics (2024-2025)

Detailed Economic Indicators

πŸ‘₯ Population

Total Population 817,000
Median Age 26.2 years
Urban Population 28%
GDP Per Capita (PPP) $94,260

β›½ Oil & Energy

Daily Production 645,000 bpd
2024 Oil Revenue $2.6B
Annual Production 225.4M barrels
2027 Target 1.3M bpd

πŸ“¦ Trade

Total Exports $16.8B
Current Account +24.5% GDP
Key Exports Oil, Gold, Bauxite
Exchange Rate 210 GYD/USD

πŸ›οΈ Government

Fiscal Deficit 7.3% GDP
Public Debt/GDP 28.5%
Infrastructure Plan $950M
Natural Resource Fund $3.1B

🏠 Consumer

Inflation 2.9%
Rent vs US -39.6%
Credit Growth +7.7%
Mortgage Growth +11.4%

πŸ“ˆ Growth Sectors

Oil Sector +57.7%
Construction +43.7%
Non-Oil Economy +11.8%
Manufacturing +12.4%

US vs Guyana Comparison

See how the world's fastest-growing economy compares to the United States

Indicator πŸ‡ΊπŸ‡Έ United States πŸ‡¬πŸ‡Ύ Guyana Advantage
GDP Growth (2024) 2.8% 43.6% Guyana +40.8%
Population 340.1 million 817,000 -
GDP Per Capita (Nominal) $66,683 $31,378 US Higher
GDP Per Capita (PPP) $85,373 $94,260 Guyana +10%
Unemployment Rate 4.0% 10.2% US Lower
Inflation Rate 2.5% 2.9% Similar
Median Age 38.5 years 26.2 years Guyana Younger
Rent (vs US Average) Baseline -39.6% Guyana Cheaper

Data sources: IMF, World Bank, BEA, Trading Economics (2024-2025)

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6
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Growth Trends Data

Month GDP Growth (%)
Jan 12%
Feb 16%
Mar 20%
Apr 24%
May 28%
Jun 32%
Jan 12%
Feb 16%
Mar 20%
Apr 24%
May 28%
Jun 32%

Economic Sectors

  • Oil & Gas - 45%
  • Mining - 25%
  • Agriculture - 15%
  • Services - 15%
πŸ™οΈ
Trending Location

Georgetown

Demerara-Mahaica

The capital city and economic hub of Guyana. Home to government, finance, and commerce.

$185,000
Avg. Property Price
+23.5%
YoY Growth
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Frequently Asked Questions

What is Guyana NYC?

Guyana NYC is a comprehensive economic platform connecting the Guyanese diaspora in New York with opportunities in Guyana. We provide people directories, cost of living comparisons, community forums, and economic insights.

Why is Guyana's economy growing so fast?

Guyana has experienced unprecedented growth due to major offshore oil discoveries. With a GDP growth rate of 43.6% in 2024, it became the world's fastest-growing economy, attracting international investment and development.

How can I use the People Directory?

The People Directory allows you to search and browse residents across Guyana by name, occupation, city, or region. It's a valuable resource for reconnecting with communities and networking with professionals.

How does the NYC vs Guyana comparison work?

Our cost comparison tool allows you to see how prices for common goods, services, and housing compare between New York City and Guyana, helping you make informed decisions about relocation or investment.

Is this platform free to use?

Yes, Guyana NYC is free for all users. You can browse the people directory, participate in forums, compare costs, and access economic data without any subscription fees.