Trade in services (% of GDP) in Guyana
Guyana: Trade in services (% of GDP) was 32.4% in 2023. ▼ Falling
Trade in services in Guyana, 1977–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2023, trade in services in Guyana stood at 32.4%.
The figure is up 17.3% on the previous year and up 102.4% over ten years.
Over the whole period, trade in services in Guyana peaked at 65.8% in 1992 and was at its lowest, 13.3%, in 2015.
That places Guyana 63rd out of 200 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 41 years of available data.
Trade in services (% of GDP) in Guyana, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1977 | 17.1% | — |
| 1978 | 15.4% | -9.7% |
| 1979 | 17.0% | +9.9% |
| 1980 | 21.1% | +24.3% |
| 1981 | 21.4% | +1.4% |
| 1982 | 24.3% | +13.7% |
| 1983 | 26.5% | +9.1% |
| 1984 | 29.3% | +10.6% |
| 1985 | 33.5% | +14.4% |
| 1992 | 65.8% | +96.2% |
| 1993 | 58.0% | -11.8% |
| 1994 | 51.6% | -11.0% |
| 1995 | 49.1% | -4.9% |
| 1996 | 41.7% | -15.2% |
| 1997 | 41.8% | +0.3% |
| 1998 | 44.0% | +5.3% |
| 1999 | 46.8% | +6.4% |
| 2000 | 50.9% | +8.7% |
| 2001 | 51.2% | +0.6% |
| 2002 | 50.7% | -0.9% |
| 2003 | 44.3% | -12.7% |
| 2004 | 46.8% | +5.7% |
| 2005 | 42.3% | -9.6% |
| 2006 | 16.5% | -60.9% |
| 2007 | 16.3% | -1.2% |
| 2008 | 17.8% | +8.8% |
| 2009 | 14.0% | -21.2% |
| 2010 | 17.2% | +23.3% |
| 2011 | 19.8% | +14.9% |
| 2012 | 20.3% | +2.4% |
| 2013 | 16.0% | -21.1% |
| 2014 | 14.7% | -8.2% |
| 2015 | 13.3% | -9.7% |
| 2016 | 17.0% | +27.7% |
| 2017 | 16.4% | -3.0% |
| 2018 | 28.9% | +75.5% |
| 2019 | 36.5% | +26.4% |
| 2020 | 39.8% | +8.9% |
| 2021 | 38.9% | -2.3% |
| 2022 | 27.6% | -28.9% |
| 2023 | 32.4% | +17.3% |
Guyana compared with similar countries
- Guyana's 32.4% is above the median for high income countries, which is 32.3%, 1.0× the median. (72 countries reporting)
- Guyana's 32.4% is above the median for Latin America & Caribbean, which is 27.7%, 1.2× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 16.5% | 15.4% | 17.1% | 3 |
| 1980s | 26.0% | 21.1% | 33.5% | 6 |
| 1990s | 49.8% | 41.7% | 65.8% | 8 |
| 2000s | 35.1% | 14.0% | 51.2% | 10 |
| 2010s | 20.0% | 13.3% | 36.5% | 10 |
| 2020s | 34.7% | 27.6% | 39.8% | 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)
- SDRs holdings, US dollar, annual growth rate 46.26 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0001 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 2.73 units per person (2025)
- SDRs holdings, SDR, annual growth rate 39.28 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0001 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1.99 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0092 units per US$ of GDP (2025)
Frequently asked questions
- What is trade in services in Guyana?
- Trade in services in Guyana was 32.4% in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Guyana?
- The highest recorded value was 65.8% in 1992.
- What is the lowest trade in services recorded in Guyana?
- The lowest recorded value was 13.3% in 2015.
- How does Guyana rank for trade in services?
- Guyana ranks 63rd out of 200 countries with data for 2023.
- Is trade in services rising or falling in Guyana?
- Over the last ten years it is up 102.4%. The long-run trend across the full record is falling.
- 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 Trade in services (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. 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.