External balance on goods and services in Guyana
Guyana: External balance on goods and services was -41.39 billion current LCU in 2005. ◆ Volatile
External balance on goods and services in Guyana, 1960–2005
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2005, external balance on goods and services in Guyana stood at -41.39 billion current LCU. That is the lowest value across all 46 years on record.
The figure is down 176.0% on the previous year and down 330.0% over ten years.
Over the whole period, external balance on goods and services in Guyana peaked at 50.60 million current LCU in 1963 and was at its lowest, -41.39 billion current LCU, in 2005.
That places Guyana 126th out of 193 countries with data for 2005, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services in Guyana, year by year
| Year | current LCU | Change |
|---|---|---|
| 1960 | -24.00 million current LCU | — |
| 1961 | -2.90 million current LCU | -87.9% |
| 1962 | 39.30 million current LCU | -1455.2% |
| 1963 | 50.60 million current LCU | +28.8% |
| 1964 | 12.00 million current LCU | -76.3% |
| 1965 | -8.70 million current LCU | -172.5% |
| 1966 | -20.10 million current LCU | +131.0% |
| 1967 | -10.00 million current LCU | -50.2% |
| 1968 | 14.20 million current LCU | -242.0% |
| 1969 | 19.00 million current LCU | +33.8% |
| 1970 | -2.90 million current LCU | -115.3% |
| 1971 | 21.00 million current LCU | -824.1% |
| 1972 | -7.80 million current LCU | -137.1% |
| 1973 | -107.70 million current LCU | +1280.8% |
| 1974 | 18.40 million current LCU | -117.1% |
| 1975 | -300,000 current LCU | -101.6% |
| 1976 | -283.20 million current LCU | +94300.0% |
| 1977 | -175.00 million current LCU | -38.2% |
| 1978 | -200,000 current LCU | -99.9% |
| 1979 | -124.90 million current LCU | +62350.0% |
| 1980 | -186.30 million current LCU | +49.2% |
| 1981 | -373.50 million current LCU | +100.5% |
| 1982 | -250.20 million current LCU | -33.0% |
| 1983 | -274.50 million current LCU | +9.7% |
| 1984 | -119.70 million current LCU | -56.4% |
| 1985 | -269.00 million current LCU | +124.7% |
| 1986 | -149.90 million current LCU | -44.3% |
| 1987 | -389.00 million current LCU | +159.5% |
| 1988 | -178.00 million current LCU | -54.2% |
| 1989 | -743.00 million current LCU | +317.4% |
| 1990 | -2.69 billion current LCU | +261.6% |
| 1991 | -7.01 billion current LCU | +160.7% |
| 1992 | -10.97 billion current LCU | +56.6% |
| 1993 | -9.89 billion current LCU | -9.9% |
| 1994 | -9.10 billion current LCU | -8.0% |
| 1995 | -9.63 billion current LCU | +5.8% |
| 1996 | -6.04 billion current LCU | -37.3% |
| 1997 | -10.47 billion current LCU | +73.5% |
| 1998 | -12.94 billion current LCU | +23.5% |
| 1999 | -9.95 billion current LCU | -23.1% |
| 2000 | -18.99 billion current LCU | +91.0% |
| 2001 | -18.45 billion current LCU | -2.9% |
| 2002 | -16.78 billion current LCU | -9.1% |
| 2003 | -14.13 billion current LCU | -15.8% |
| 2004 | -15.00 billion current LCU | +6.1% |
| 2005 | -41.39 billion current LCU | +176.0% |
Guyana compared with similar countries
- Guyana's -41.39 billion current LCU is below the median for high income countries, which is 3.18 billion current LCU. (72 countries reporting)
- Guyana's -41.39 billion current LCU is below the median for Latin America & Caribbean, which is -509.00 million current LCU, 81.3× the median. (29 countries reporting)
Biggest year-on-year movements
Years where External balance on goods and services in Guyana changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1976 | -94300.0% | -300,000 current LCU | -283.20 million current LCU |
| 1979 | -62350.0% | -200,000 current LCU | -124.90 million current LCU |
| 1962 | +1455.2% | -2.90 million current LCU | 39.30 million current LCU |
| 1973 | -1280.8% | -7.80 million current LCU | -107.70 million current LCU |
| 1971 | +824.1% | -2.90 million current LCU | 21.00 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 6.94 million current LCU | -24.00 million current LCU | 50.60 million current LCU | 10 |
| 1970s | -66.26 million current LCU | -283.20 million current LCU | 21.00 million current LCU | 10 |
| 1980s | -293.31 million current LCU | -743.00 million current LCU | -119.70 million current LCU | 10 |
| 1990s | -8.87 billion current LCU | -12.94 billion current LCU | -2.69 billion current LCU | 10 |
| 2000s | -20.79 billion current LCU | -41.39 billion current LCU | -14.13 billion current LCU | 6 |
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 5.70 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0002 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 6.86 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 8.63 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 860.28 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.3499 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 10,383 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 34.31 % change on previous year (2025)
Frequently asked questions
- What is external balance on goods and services in Guyana?
- External balance on goods and services in Guyana was -41.39 billion current LCU in 2005, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Guyana?
- The highest recorded value was 50.60 million current LCU in 1963.
- What is the lowest external balance on goods and services recorded in Guyana?
- The lowest recorded value was -41.39 billion current LCU in 2005.
- How does Guyana rank for external balance on goods and services?
- Guyana ranks 126th out of 193 countries with data for 2005.
- Is external balance on goods and services rising or falling in Guyana?
- Over the last ten years it is down 330.0%. The long-run trend across the full record is volatile.
- Where does this Guyana data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (current LCU). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.