Report by the WTO Secretariat

Guyana is a relatively small economy traditionally based on mining of gold and bauxite, and exportation of sugar and rice. Furthermore, Guyana is now also an exporter of crude oil, the result of successive major offshore discoveries beginning in 2015. In 2020, oil exports swung Guyana’s trade balance into surplus and thereby mitigated the otherwise significant negative effects of the COVID-19 pandemic on the domestic economy. GDP per capita has been rising steadily and reached nearly USD 6,900 in 2020.