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![]() ![]() Guyana Economy - 2002 https://greekorthodoxchurch.org/wfb2002/guyana/guyana_economy.html SOURCE: 2002 CIA WORLD FACTBOOK Economy - overview The Guyanese economy has exhibited moderate economic growth since 1999, based on an expansion in the agricultural and mining sectors, a more favorable atmosphere for business initiatives, a more realistic exchange rate, fairly low inflation, and the continued support of international organizations. Chronic problems include a shortage of skilled labor and a deficient infrastructure. The government is juggling a sizable external debt against the urgent need for expanded public investment. Low prices for key mining and agricultural commodities combined with troubles in the bauxite and sugar industries threaten the government's already tenuous fiscal position and dim prospects for 2002. GDP purchasing power parity - $2.5 billion (2000 est.) GDP - real growth rate 2.8% (2001 est.) GDP - per capita purchasing power parity - $3,600 (2000 est.) GDP - composition by sector
Population below poverty line NA% Household income or consumption by percentage share
Inflation rate (consumer prices) 6% (2001 est.) Labor force 418,000 (2001 est.) Labor force - by occupation agriculture NA%, industry NA%, services NA% Unemployment rate 9.1% (2000) (understated) Budget
Industries bauxite, sugar, rice milling, timber, textiles, gold mining Industrial production growth rate 7.1% (1997 est.) Electricity - production 505 million kWh (2000) Electricity - production by source
Electricity - consumption 469.65 million kWh (2000) Electricity - exports 0 kWh (2000) Electricity - imports 0 kWh (2000) Agriculture - products sugar, rice, wheat, vegetable oils; beef, pork, poultry, dairy products; fish (shrimp) Exports $505 million (f.o.b., 2000) Exports - commodities sugar, gold, bauxite/alumina, rice, shrimp, molasses, rum, timber Exports - partners Canada 22%, US 22%, UK 18%, Netherlands Antilles 11% (1999) Imports $585 million (c.i.f., 2000) Imports - commodities manufactures, machinery, petroleum, food Imports - partners US 29%, Trinidad and Tobago 18%, Netherlands Antilles 16%, UK 7% (1999) Debt - external $1.1 billion (2000) Economic aid - recipient $84 million (1995), Heavily Indebted Poor Country Initiative (HIPC) $253 million (1997) Currency Guyanese dollar (GYD) Currency code GYD Exchange rates Guyanese dollars per US dollar - 189.5 (December 2001), 187.3 (2001), 182.4 (2000), 178.0 (1999), 150.5 (1998), 142.4 (1997) Fiscal year
calendar year
NOTE: The information regarding Guyana on this page is re-published from the 2002 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Guyana Economy 2002 information contained here. All suggestions for corrections of any errors about Guyana Economy 2002 should be addressed to the CIA. |