Guyana GDP Trends from 1980 to 2024: A overall increase with some decline Flow

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%.

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.


Guyana GDP from 1980 to 2024

The total market value of goods and services produced annually in Guyana.

Change Chart

    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)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 842M
    $ 1,101.86
    $ 2,468.59
    $ 1B 886M
    -2.076 %
    -18.219 %
    2.70 %
    0 %
    764,000 people
    1981
    $ 808M
    $ 1,055.84
    $ 2,711.85
    $ 2B 76M
    0.562 %
    -29.473 %
    −6.20 %
    0 %
    765,000 people
    1982
    $ 692M
    $ 904.86
    $ 2,625.26
    $ 2B 8M
    -8.884 %
    -26.108 %
    −8.63 %
    0 %
    765,000 people
    1983
    $ 703M
    $ 921.54
    $ 2,421.55
    $ 1B 847M
    -11.497 %
    -25.722 %
    −10.83 %
    0 %
    763,000 people
    1984
    $ 654M
    $ 861.05
    $ 2,574.81
    $ 1B 954M
    2.134 %
    -17.769 %
    0.44 %
    0 %
    759,000 people
    1985
    $ 697M
    $ 924.30
    $ 2,682.50
    $ 2B 23M
    0.366 %
    -21.511 %
    −2.89 %
    0 %
    754,000 people
    1986
    $ 789M
    $ 1,053.70
    $ 2,751.44
    $ 2B 59M
    -0.234 %
    -20.412 %
    −2.75 %
    0 %
    748,000 people
    1987
    $ 728M
    $ 982.26
    $ 2,841.79
    $ 2B 108M
    -0.13 %
    -17.432 %
    −2.22 %
    0 %
    742,000 people
    1988
    $ 828M
    $ 1,125.87
    $ 2,791.02
    $ 2B 51M
    -5.981 %
    -12.075 %
    −1.50 %
    0 %
    735,000 people
    1989
    $ 832M
    $ 1,146.24
    $ 2,791.24
    $ 2B 25M
    -4.944 %
    -14.38 %
    −0.66 %
    0 %
    726,000 people
    1990
    $ 685M
    $ 950.97
    $ 2,831.94
    $ 2B 39M
    -3.01 %
    -23.486 %
    −0.71 %
    0 %
    720,000 people
    1991
    $ 744M
    $ 1,036.88
    $ 3,112.80
    $ 2B 235M
    6.026 %
    -18.54 %
    17.62 %
    0 %
    718,000 people
    1992
    $ 823M
    $ 1,145.78
    $ 3,429.77
    $ 2B 463M
    7.758 %
    -14.045 %
    8.55 %
    0 %
    718,000 people
    1993
    $ 1B 2M
    $ 1,392.98
    $ 3,789.52
    $ 2B 728M
    8.201 %
    -9.745 %
    7.17 %
    0 %
    720,000 people
    1994
    $ 1B 176M
    $ 1,626.90
    $ 4,181.30
    $ 3B 23M
    8.482 %
    -5.036 %
    7.36 %
    0 %
    723,000 people
    1995
    $ 1B 332M
    $ 1,832.40
    $ 4,460.08
    $ 3B 242M
    5.055 %
    -4.255 %
    10.81 %
    0 %
    727,000 people
    1996
    $ 1B 495M
    $ 2,048.53
    $ 4,882.91
    $ 3B 565M
    7.956 %
    -2.124 %
    12.08 %
    0 %
    730,000 people
    1997
    $ 1B 587M
    $ 2,161.65
    $ 5,245.56
    $ 3B 850M
    6.185 %
    -5.136 %
    11.53 %
    2.772 %
    734,000 people
    1998
    $ 1B 500M
    $ 2,035.86
    $ 5,192.75
    $ 3B 827M
    -1.707 %
    -6.088 %
    8.81 %
    1.173 %
    737,000 people
    1999
    $ 1B 488M
    $ 2,010.77
    $ 5,401.47
    $ 3B 997M
    2.986 %
    -1.373 %
    11.16 %
    3.101 %
    740,000 people