Travel services in Guyana
Guyana: Travel services was 2.0% in 2023. ◆ Volatile
Travel services in Guyana, 1977–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
The most recent figure for travel services in Guyana is 2.0%, measured in 2023.
The figure is up 19.3% on the previous year and down 87.4% over ten years.
Over the whole period, travel services in Guyana peaked at 42.3% in 1999 and was at its lowest, 1.6%, in 2020.
That places Guyana 196th out of 198 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Travel services in Guyana, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1977 | 5.6% | — |
| 1978 | 8.5% | +52.8% |
| 1979 | 8.9% | +4.9% |
| 1980 | 7.9% | -11.7% |
| 1981 | 10.8% | +37.8% |
| 1982 | 12.7% | +17.7% |
| 1983 | 14.3% | +12.0% |
| 1984 | 18.6% | +30.2% |
| 1985 | 28.4% | +53.1% |
| 1992 | 10.1% | -64.5% |
| 1993 | 11.8% | +17.3% |
| 1994 | 14.3% | +20.6% |
| 1995 | 12.3% | -14.0% |
| 1996 | 38.4% | +212.7% |
| 1997 | 37.6% | -2.0% |
| 1998 | 36.2% | -3.6% |
| 1999 | 42.3% | +16.9% |
| 2000 | 35.7% | -15.8% |
| 2001 | 28.6% | -19.7% |
| 2002 | 19.6% | -31.5% |
| 2003 | 15.3% | -22.1% |
| 2004 | 14.6% | -4.3% |
| 2005 | 19.7% | +34.6% |
| 2006 | 20.0% | +1.4% |
| 2007 | 21.1% | +5.7% |
| 2008 | 16.1% | -23.6% |
| 2009 | 19.2% | +19.3% |
| 2010 | 21.4% | +11.1% |
| 2011 | 18.2% | -14.7% |
| 2012 | 15.6% | -14.1% |
| 2013 | 16.0% | +2.4% |
| 2014 | 18.0% | +12.6% |
| 2015 | 21.9% | +21.3% |
| 2016 | 20.1% | -8.2% |
| 2017 | 16.4% | -18.4% |
| 2018 | 6.7% | -59.0% |
| 2019 | 2.8% | -58.1% |
| 2020 | 1.6% | -41.6% |
| 2021 | 2.0% | +18.8% |
| 2022 | 1.7% | -13.6% |
| 2023 | 2.0% | +19.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.6% | 5.6% | 8.9% | 3 |
| 1980s | 15.5% | 7.9% | 28.4% | 6 |
| 1990s | 25.4% | 10.1% | 42.3% | 8 |
| 2000s | 21.0% | 14.6% | 35.7% | 10 |
| 2010s | 15.7% | 2.8% | 21.9% | 10 |
| 2020s | 1.8% | 1.6% | 2.0% | 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)
- Total reserves minus gold (current US$), annual growth rate 34.31 % change on previous year (2025)
- Total reserves minus gold (current US$), per unit of GDP 0.05 current US$ per US$ of GDP (2025)
- Total reserves minus gold (current US$), per capita 1,622 current US$ per person (2025)
- General government final consumption expenditure (current US$) 3.68 % change on previous year (2005)
- General government final consumption expenditure (current US$), per 0.2691 current US$ per US$ of GDP (2005)
- General government final consumption expenditure (current US$), per 291.77 current US$ per person (2005)
- General government final consumption expenditure (current LCU) 4.5 % change on previous year (2005)
- General government final consumption expenditure (current LCU), per 53.79 current LCU per US$ of GDP (2005)
Frequently asked questions
- What is travel services in Guyana?
- Travel services in Guyana was 2.0% in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest travel services recorded in Guyana?
- The highest recorded value was 42.3% in 1999.
- What is the lowest travel services recorded in Guyana?
- The lowest recorded value was 1.6% in 2020.
- How does Guyana rank for travel services?
- Guyana ranks 196th out of 198 countries with data for 2023.
- Is travel services rising or falling in Guyana?
- Over the last ten years it is down 87.4%. 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 Travel services (% of service imports, BoP). Statizoid updates them automatically from the source API.
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About this data
Travel services cover goods and services for own use or to give away acquired from an economy by nonresidents during visits to that economy, or acquired from other economies by residents during visits to these other economies. This indicator is expressed as a percentage of service imports which are services provided by non-residents to residents.