Guyana's GDP changed from approximately $842M in 1980 to $21B 178M in 2024, showing an overall 2415.2% sharply increased during the period.
The lowest GDP was recorded in 1984 at $654M, and the highest in 2024 at $21B 178M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 7.6%.
For comparison, the average annual growth rate of Suriname was 2.8%, and that of Venezuela was 0.9%.
Guyana GDP from 1980 to 2024
The total market value of goods and services produced annually in Guyana.
Overview of Guyana's GDP (1980–2024)
The Gross Domestic Product (GDP) of Guyana recorded a 2415.2% sharply increased from 1980 to 2024.
The average GDP during this period was $3B 246M, and the median was $1B 587M.
GDP fluctuated within a range of $20B 524M, with a standard deviation of $4B 272M.
The average annual change was $230M 201K.
Highest and Lowest GDP Records
- Lowest GDP: 1984, $654M
- Highest GDP: 2024, $21B 178M
- Most Recent GDP: 2024, $21B 178M
Notable Annual GDP Changes
- 2022: Significant increase in GDP
- 1990: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Guyana's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $5B 174M → $5B 471M
- Outcome: increased
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $2B 225M → $2B 596M
- Outcome: sharply increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $1B 497M → $1B 504M
- Outcome: remained stable
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $1B 587M → $1B 500M
- Outcome: declined
Key Economic Indicators of Guyana (1980–2024)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1980 | -2.076 % | $ 842M | $ 1B 886M | $ 1,101.86 | $ 2,468.59 | 2.70 % | 764,000 people | -18.219 % | 0 % |
1981 | 0.562 % | $ 808M | $ 2B 76M | $ 1,055.84 | $ 2,711.85 | −6.20 % | 765,000 people | -29.473 % | 0 % |
1982 | -8.884 % | $ 692M | $ 2B 8M | $ 904.86 | $ 2,625.26 | −8.63 % | 765,000 people | -26.108 % | 0 % |
1983 | -11.497 % | $ 703M | $ 1B 847M | $ 921.54 | $ 2,421.55 | −10.83 % | 763,000 people | -25.722 % | 0 % |
1984 | 2.134 % | $ 654M | $ 1B 954M | $ 861.05 | $ 2,574.81 | 0.44 % | 759,000 people | -17.769 % | 0 % |
1985 | 0.366 % | $ 697M | $ 2B 23M | $ 924.30 | $ 2,682.50 | −2.89 % | 754,000 people | -21.511 % | 0 % |
1986 | -0.234 % | $ 789M | $ 2B 59M | $ 1,053.70 | $ 2,751.44 | −2.75 % | 748,000 people | -20.412 % | 0 % |
1987 | -0.13 % | $ 728M | $ 2B 108M | $ 982.26 | $ 2,841.79 | −2.22 % | 742,000 people | -17.432 % | 0 % |
1988 | -5.981 % | $ 828M | $ 2B 51M | $ 1,125.87 | $ 2,791.02 | −1.50 % | 735,000 people | -12.075 % | 0 % |
1989 | -4.944 % | $ 832M | $ 2B 25M | $ 1,146.24 | $ 2,791.24 | −0.66 % | 726,000 people | -14.38 % | 0 % |
1990 | -3.01 % | $ 685M | $ 2B 39M | $ 950.97 | $ 2,831.94 | −0.71 % | 720,000 people | -23.486 % | 0 % |
1991 | 6.026 % | $ 744M | $ 2B 235M | $ 1,036.88 | $ 3,112.80 | 17.62 % | 718,000 people | -18.54 % | 0 % |
1992 | 7.758 % | $ 823M | $ 2B 463M | $ 1,145.78 | $ 3,429.77 | 8.55 % | 718,000 people | -14.045 % | 0 % |
1993 | 8.201 % | $ 1B 2M | $ 2B 728M | $ 1,392.98 | $ 3,789.52 | 7.17 % | 720,000 people | -9.745 % | 0 % |
1994 | 8.482 % | $ 1B 176M | $ 3B 23M | $ 1,626.90 | $ 4,181.30 | 7.36 % | 723,000 people | -5.036 % | 0 % |
1995 | 5.055 % | $ 1B 332M | $ 3B 242M | $ 1,832.40 | $ 4,460.08 | 10.81 % | 727,000 people | -4.255 % | 0 % |
1996 | 7.956 % | $ 1B 495M | $ 3B 565M | $ 2,048.53 | $ 4,882.91 | 12.08 % | 730,000 people | -2.124 % | 0 % |
1997 | 6.185 % | $ 1B 587M | $ 3B 850M | $ 2,161.65 | $ 5,245.56 | 11.53 % | 734,000 people | -5.136 % | 2.772 % |
1998 | -1.707 % | $ 1B 500M | $ 3B 827M | $ 2,035.86 | $ 5,192.75 | 8.81 % | 737,000 people | -6.088 % | 1.173 % |
1999 | 2.986 % | $ 1B 488M | $ 3B 997M | $ 2,010.77 | $ 5,401.47 | 11.16 % | 740,000 people | -1.373 % | 3.101 % |