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The economy of Guyana is one of the fastest growing economies in the world, with a gross domestic product (GDP) growth of 19.9% in 2021. [9] In 2024, Guyana had a per capita gross domestic product (purchasing power parity) of Int$80,137 and an average GDP growth of 4.2% over the previous decade. [4]
The economic growth Guyana had enjoyed began to slow in 1998 due to factors including undeveloped capital markets, limited access to credit, and high emigration of educated individuals leading to brain-drain. [10]
In 2008, the economy witnessed a 3% increase in growth amid the global economic crisis; it grew 5.4% in 2011 and 3.7% in 2012. IMF projected economic growth to be 53% in 2020 following the completion of the first off-shore oil project. [54] Actual growth in GDP in 2020 was 43%; reports in April 2021 anticipate 20% growth for 2021. [43]
Latin American and the Caribbean countries by GDP per capita PPP (2019). This is a list of Latin American and the Caribbean countries by gross domestic product at purchasing power parity in international dollars according to the International Monetary Fund's estimates in the October 2023 World Economic Outlook database.
This is a list of estimates of the real gross domestic product growth rate (not rebased GDP) in Latin American and the Caribbean nations for the latest years recorded in the CIA World Factbook. Nations are not included if their latest growth estimate was for a year prior to 2014. The list contains some non-sovereign territories.
The figures are from the International Monetary Fund (IMF) World Economic Outlook Database, unless otherwise specified. [1] This list is not to be confused with the list of countries by real GDP per capita growth, which is the percentage change of GDP per person recalculated according to the changing number of the population of the country.
The economy is doing great, evidenced by a solid pace of nearly 3% economic growth as measured by GDP, a labor market that seems to be in the sweet spot with record employment numbers and few ...
This is a list of countries by real GDP per capita growth rate. These numbers are corrected for inflation but not for purchasing power parity . [ 2 ] This list is not to be confused with gross national income per capita growth [ 3 ] or the real GDP growth .