NRGBriefs: Guyana’s GDP Growth

(Energy Analytics Institute, 30.Apr.2022) — Energy briefs including rising production and robust oil prices to aid Guyana’s gross domestic product growth in coming years.

LATIN AMERICA AND THE CARIBBEAN

Guyana

— Rising production and robust oil prices will aid Guyana’s GDP growth. The country’s GDP will be the highest in the Latin America and Caribbean (LAC) region for the next 2 yrs, according to The World Bank’s semiannual rpt on the region published in early April 2022. Guyana’s growth is expected to reach 47.9% in 2022 and 34.3% in 2023 vs 19.9% in 2021, far exceeding the low single digit avg growth rates for the LAC region as forecast by the bank.

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By Ian Silverman, Aaron Simonsky and Piero Stewart. © Energy Analytics Institute (EAI). All Rights Reserved.