Compare Guyana (2008) - Guyana (2007)

Compare Guyana (2008) z Guyana (2007)

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	Guyana (2008)	Guyana (2007)

Budget	revenues: $419.4 million expenditures: $527.4 million (2007 est.)	revenues: $399 million expenditures: $506.5 million (2006 est.)
Economy - overview	The Guyanese economy exhibited moderate economic growth in 2001-07, based on expansion in the agricultural and mining sectors, a more favorable atmosphere for business initiatives, a more realistic exchange rate, fairly low inflation, and the continued support of international organizations. Economic recovery since the 2005 flood-related contraction has been buoyed by increases in remittances and foreign direct investment. Chronic problems include a shortage of skilled labor and a deficient infrastructure. The government is juggling a sizable external debt against the urgent need for expanded public investment. In March 2007, the Inter-American Development Bank, Guyana's principal donor, canceled Guyana's nearly $470 million debt, equivalent to nearly 41% of GDP. The bauxite mining sector should benefit in the near term from restructuring and partial privatization, and the state-owned sugar industry will conduct efficiency increasing modernizations. Export earnings from agriculture and mining have fallen sharply, while the import bill has risen, driven by higher energy prices. Guyana's entrance into the Caricom Single Market and Economy (CSME) in January 2006 will broaden the country's export market, primarily in the raw materials sector.	The Guyanese economy exhibited moderate economic growth in 2001-02, based on expansion in the agricultural and mining sectors, a more favorable atmosphere for business initiatives, a more realistic exchange rate, fairly low inflation, and the continued support of international organizations. Chronic problems include a shortage of skilled labor and a deficient infrastructure. The government is juggling a sizable external debt against the urgent need for expanded public investment. The Inter-American Development Bank in November 2006 canceled Guyana's nearly $400 million debt with the Bank. The bauxite mining sector should benefit in the near term from restructuring and partial privatization. Export earnings from agriculture and mining have fallen sharply, while the import bill has risen, driven by higher energy prices. Guyana's entrance into the Caricom Single Market and Economy (CSME) in January 2006 will broaden the country's export market, primarily in the raw materials sector.
Exchange rates	Guyanese dollars per US dollar - 201.89 (2007), 200.28 (2006), 200.79 (2005), 198.31 (2004), 193.88 (2003)	Guyanese dollars per US dollar - 200.28 (2006), 200.79 (2005), 198.31 (2004), 193.88 (2003), 190.67 (2002)
Exports	0 bbl/day (2004)	NA bbl/day
GDP - composition by sector	agriculture: 35.2% industry: 19% services: 45.8% (2007 est.)	agriculture: 34.9% industry: 19.4% services: 45.7% (2006 est.)
GDP - real growth rate	4.5% (2007 est.)	4.7% (2006 est.)
Household income or consumption by percentage share	lowest 10%: 1.3% highest 10%: 33.8% (1999)	lowest 10%: NA% highest 10%: NA% (1999)
Imports	10,070 bbl/day (2004)	NA bbl/day
Industrial production growth rate	2% (2007 est.)	NA%
Inflation rate (consumer prices)	10.4% (2007 est.)	7.2% (2006 est.)

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