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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |
