External balance on goods and services in Guyana
Guyana: External balance on goods and services was -25.1% 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 % of GDP.
Analysis
Guyana recorded -25.1% for external balance on goods and services in 2005. That is the lowest value across all 46 years on record.
That represents a change of down 161.5% on the previous year and down 130.2% over ten years.
Over the whole period, external balance on goods and services in Guyana peaked at 16.8% in 1963 and was at its lowest, -25.1%, in 2005.
That places Guyana 164th out of 193 countries with data for 2005, putting it in the bottom quarter.
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 | % of GDP | Change |
|---|---|---|
| 1960 | -8.2% | — |
| 1961 | -0.9% | -88.9% |
| 1962 | 11.8% | -1391.9% |
| 1963 | 16.8% | +42.8% |
| 1964 | 3.6% | -78.6% |
| 1965 | -2.4% | -166.8% |
| 1966 | -5.2% | +115.4% |
| 1967 | -2.4% | -54.5% |
| 1968 | 3.1% | -231.4% |
| 1969 | 3.8% | +23.3% |
| 1970 | -0.5% | -114.2% |
| 1971 | 3.7% | -787.6% |
| 1972 | -1.3% | -135.0% |
| 1973 | -16.7% | +1183.3% |
| 1974 | 1.9% | -111.5% |
| 1975 | -0.0% | -101.3% |
| 1976 | -24.9% | +98570.8% |
| 1977 | -15.6% | -37.6% |
| 1978 | -0.0% | -99.9% |
| 1979 | -9.4% | +59599.8% |
| 1980 | -12.4% | +31.2% |
| 1981 | -23.4% | +89.3% |
| 1982 | -17.3% | -26.0% |
| 1983 | -18.7% | +8.1% |
| 1984 | -7.2% | -61.5% |
| 1985 | -13.8% | +91.7% |
| 1986 | -6.9% | -49.9% |
| 1987 | -11.2% | +62.1% |
| 1988 | -4.3% | -61.6% |
| 1989 | -7.2% | +67.2% |
| 1990 | -17.2% | +138.5% |
| 1991 | -18.0% | +4.8% |
| 1992 | -23.5% | +30.6% |
| 1993 | -16.7% | -28.8% |
| 1994 | -12.1% | -27.9% |
| 1995 | -10.9% | -9.6% |
| 1996 | -6.1% | -44.1% |
| 1997 | -9.8% | +61.1% |
| 1998 | -12.0% | +22.0% |
| 1999 | -8.0% | -32.9% |
| 2000 | -14.6% | +81.6% |
| 2001 | -13.8% | -5.3% |
| 2002 | -12.1% | -12.4% |
| 2003 | -9.8% | -19.1% |
| 2004 | -9.6% | -2.1% |
| 2005 | -25.1% | +161.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.0% | -8.2% | 16.8% | 10 |
| 1970s | -6.3% | -24.9% | 3.7% | 10 |
| 1980s | -12.2% | -23.4% | -4.3% | 10 |
| 1990s | -13.4% | -23.5% | -6.1% | 10 |
| 2000s | -14.2% | -25.1% | -9.6% | 6 |
Countries ranked near Guyana
- 161 Vanuatu -22.7% compare
- 162 El Salvador -24.1% compare
- 163 Nepal -24.9% compare
- 165 Montenegro -25.6% compare
- 166 Ukraine -26.5% compare
- 167 French Polynesia -27.8% compare
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)
- Gross national expenditure (current US$), annual growth rate 26.73 % change on previous year (2005)
- Gross national expenditure (current US$), per unit of GDP 1.33 current US$ per US$ of GDP (2005)
- Gross national expenditure (current US$), per capita 1,438 current US$ per person (2005)
- Gross national expenditure (current LCU), annual growth rate 27.73 % change on previous year (2005)
- Gross national expenditure (current LCU), per unit of GDP 265.14 current LCU per US$ of GDP (2005)
- Gross national expenditure (current LCU), per capita 287,432 current LCU per person (2005)
- Exports of goods and services (current US$), annual growth rate -7.28 % change on previous year (2005)
- Exports of goods and services (current US$), per unit of GDP 0.8462 current US$ per US$ of GDP (2005)
Frequently asked questions
- What is external balance on goods and services in Guyana?
- External balance on goods and services in Guyana was -25.1% 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 16.8% in 1963.
- What is the lowest external balance on goods and services recorded in Guyana?
- The lowest recorded value was -25.1% in 2005.
- How does Guyana rank for external balance on goods and services?
- Guyana ranks 164th 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 130.2%. 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 (% of GDP). 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 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.