| variable | 1980-1989 | 1990-1999 | 2000-2007 | 2008-2009 | 2010-2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| real gdp growth | -3.16 | 4.96 | 2.06 | 3.85 | 7.73 | 20.06 | 63.33 | 33.77 | 43.57 | 10.31 |
| CPI % | 32.86 | 19.17 | 6.57 | 3.63 | 1.59 | 3.32 | 6.48 | 4.52 | 2.46 | 3.56 |
| Current account balance/GDP % | -20.84 | -7.1 | -5.18 | -6.07 | -15.54 | -24.8 | 25.85 | 9.93 | 24.61 | 8.93 |
| Debt/GDP % | - | 100.93 | 82.12 | 52.11 | 44.51 | 41.17 | 24.83 | 26.65 | 24.27 | 27.7 |
Data derived from World Economic Outlook Database. To see main macroeconomic indicator in graphs click here
Originally a Dutch colony in the 17th century, by 1815 Guyana had become a British possession. The abolition of slavery led to former slaves settling urban areas and indentured servants being imported from India to work the sugar plantations. The resulting ethnocultural divide has persisted and has led to turbulent politics. Guyana achieved independence from the UK in 1966, and since then primarily socialist-oriented governments have ruled the country. In 1992, Cheddi JAGAN was elected president in what is considered the country's first free and fair election since independence. After his death five years later, his wife, Janet JAGAN, became president but resigned in 1999 due to poor health. Her successor, Bharrat JAGDEO, was elected in 2001 and again in 2006. Donald RAMOTAR won in 2011, but early elections held in 2015 resulted in the first change in governing party, and David GRANGER took office. After a 2018 no-confidence vote against the GRANGER government, the administration ignored a constitutional requirement to hold elections and remained in place until the 2020 elections, when Irfaan ALI became president. The discovery of massive offshore oil reserves in 2015 has been Guyana's primary economic and political focus, with many hoping the reserves will transform one of the poorest countries in the region. Guyana is the only English-speaking country in South America and shares cultural and historical bonds with the Anglophone Caribbean.
Area: 214,969 km2
Climate: tropical; hot, humid, moderated by northeast trade winds; two rainy seasons (May to August, November to January)
Natural resources: bauxite, gold, diamonds, hardwood timber, shrimp, fish
Groups: East Indian 39.8%, African descent 29.3%, mixed 19.9%, Indigenous 10.5%, other 0.5% (includes Portuguese, Chinese, White) (2012 est.)
Languages: English (official), Guyanese Creole, Amerindian languages (including Caribbean and Arawak languages), Indian languages (including Caribbean Hindustani, a dialect of Hindi), Chinese (2014 est.)
Religions: Protestant 34.8% (Pentecostal 22.8%, Seventh Day Adventist 5.4%, Anglican 5.2%, Methodist 1.4%), Hindu 24.8%, other Christian 20.8%, Roman Catholic 7.1%, Muslim 6.8%, Jehovah's Witness 1.3%, Rastafarian 0.5%, other 0.9%, none 3.1% (2012 est.)
Capital: Georgetown
Government type: parliamentary republic
Chief of state: President Mohammed Irfaan ALI (since 2 August 2020)
Head of government: President Mohammed Irfaan ALI (since 2 August 2020)cabinet: Cabinet of Ministers appointed by the president, responsible to the National Assemblyelection/appointment process: the predesignated candidate of the winning party in the last National Assembly election becomes president for a 5-year term (no term limits); prime minister appointed by the presidentmost recent election date: 1 September 2025election results: 2025: Mohammed Irfaan ALI (PPP/C) reelected president by the majority party in the National Assembly2020: Mohammed Irfaan ALI (PPP/C) designated president by the majority party in the National Assembly2015: David GRANGER (APNU-AFC) designated president by the majority party in the National Assemblyexpected date of next election: August 2030note: the president is both chief of state and head of government
Description: legislature name: Parliament of the Co-operative Republic of Guyanalegislative structure: unicameralchamber name: National Assemblynumber of seats: 72 (all directly elected)electoral system: proportional representationscope of elections: full renewalterm in office: 5 yearsmost recent election date: 9/1/2025parties elected and seats per party: People's Progressive Party/Civic (PPP/C) (36); We Invest in Nationhood (W.I.N.) (16); A Partnership for National Unity (APNU) (12); Other (1)percentage of women in chamber: 36.1%expected date of next election: August 2030
Information derived by "The World Factbook 2021. Washington, DC: Central Intelligence Agency, 2021. https://www.cia.gov/the-world-factbook/"