Economy Guyana
Economy - overview:
The Guyanese economy has exhibited moderate economic growth in
2001-02, based on 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. The bauxite mining sector
should benefit in the near term by restructuring and partial
privatization.
GDP:
purchasing power parity - $2.628 billion (2002 est.)
GDP - real growth rate:
1.1% (2002 est.)
GDP - per capita:
purchasing power parity - $3,800 (2002 est.)
GDP - composition by sector:
agriculture: 35%
industry: 21%
services: 44% (2002 est.)
Population below poverty line:
NA%
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices):
4.7% (2002 est.)
Labor force:
418,000 (2001 est.)