Current account balance in Guyana
Guyana: Current account balance was 13.9% in 2023. ◆ Volatile
Current account balance in Guyana, 1977–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for current account balance in Guyana is 13.9%, measured in 2023.
Compared with earlier readings it is down 51.8% on the previous year and up 227.1% over ten years.
Over the whole period, current account balance in Guyana peaked at 28.8% in 2022 and was at its lowest, -57.1%, in 2019.
That places Guyana 16th out of 199 countries with data for 2023, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance in Guyana, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1977 | -21.7% | — |
| 1978 | -5.8% | -73.1% |
| 1979 | -15.6% | +168.0% |
| 1980 | -21.3% | +36.3% |
| 1981 | -32.2% | +51.0% |
| 1982 | -29.3% | -8.9% |
| 1983 | -32.2% | +9.8% |
| 1984 | -22.2% | -31.0% |
| 1985 | -21.3% | -4.1% |
| 1992 | -37.1% | +74.1% |
| 1993 | -30.9% | -16.7% |
| 1994 | -22.9% | -25.8% |
| 1995 | -21.7% | -5.4% |
| 1996 | -4.6% | -78.6% |
| 1997 | -8.4% | +81.7% |
| 1998 | -7.7% | -8.0% |
| 1999 | -7.1% | -8.1% |
| 2000 | -11.5% | +61.9% |
| 2001 | -12.8% | +10.7% |
| 2002 | -8.6% | -32.8% |
| 2003 | -6.0% | -30.0% |
| 2004 | -2.5% | -57.9% |
| 2005 | -11.7% | +361.7% |
| 2006 | -7.6% | -35.0% |
| 2007 | -6.1% | -20.1% |
| 2008 | -10.6% | +75.1% |
| 2009 | -7.3% | -31.4% |
| 2010 | -7.2% | -1.5% |
| 2011 | -10.1% | +40.5% |
| 2012 | -9.0% | -10.5% |
| 2013 | -10.9% | +21.2% |
| 2014 | -9.3% | -14.7% |
| 2015 | -0.9% | -90.3% |
| 2016 | 3.4% | -471.8% |
| 2017 | -2.6% | -175.9% |
| 2018 | -26.7% | +941.9% |
| 2019 | -57.1% | +114.1% |
| 2020 | -11.6% | -79.7% |
| 2021 | -16.9% | +45.6% |
| 2022 | 28.8% | -270.5% |
| 2023 | 13.9% | -51.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -14.4% | -21.7% | -5.8% | 3 |
| 1980s | -26.4% | -32.2% | -21.3% | 6 |
| 1990s | -17.6% | -37.1% | -4.6% | 8 |
| 2000s | -8.5% | -12.8% | -2.5% | 10 |
| 2010s | -13.0% | -57.1% | 3.4% | 10 |
| 2020s | 3.6% | -16.9% | 28.8% | 4 |
Countries ranked near Guyana
More economy & growth data for Guyana
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 11.36 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 11.93 Percent per annum (2029)
- Industry (including construction), value added (constant 2015 US$) 21.34 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.9565 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 31,005 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 21.34 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 209.26 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 6.78 million constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 12.82 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.1485 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is current account balance in Guyana?
- Current account balance in Guyana was 13.9% in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Guyana?
- The highest recorded value was 28.8% in 2022.
- What is the lowest current account balance recorded in Guyana?
- The lowest recorded value was -57.1% in 2019.
- How does Guyana rank for current account balance?
- Guyana ranks 16th out of 199 countries with data for 2023.
- Is current account balance rising or falling in Guyana?
- Over the last ten years it is up 227.1%. The long-run trend across the full record is volatile.
- Where does this Guyana data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.