resentation:
chief of mission:
Ambassador George F. Jones
embassy:
99-100 Young and Duke Streets, Kingstown, Georgetown
mailing address:
P. O. Box 10507, Georgetown
telephone:
[592] (2) 54900 through 54909 and 57960 through 57969
FAX:
[592] (2) 58497
Flag:
green with a red isosceles triangle (based on the hoist side)
superimposed on a long yellow arrowhead; there is a narrow black
border between the red and yellow, and a narrow white border between
the yellow and the green

@Guyana, Economy

Overview:
Guyana, one of the poorest countries in the Western Hemisphere, has
pushed ahead strongly in 1991-93, at 7% average annual growth rate.
Favorable factors include recovery in the key agricultural and mining
sectors, a more favorable atmosphere for business initiative, a more
realistic exchange rate, a sharp drop in the inflation rate, and the
continued support of international organizations. Serious underlying
economic problems will continue. Electric power has been in short
supply and constitutes a major barrier to future gains in national
output. The government will have to persist in efforts to control
external debt and inflation and to extend the privatization program.
National product:
GDP - purchasing power equivalent - $1.4 billion (1993 est.)
National product real growth rate:
8.3% (1993 est.)
National product per capita:
$1,900 (1993 est.)
Inflation rate (consumer prices):
7% (1993
Unemployment rate:
12% (1992 est.)
Budget:
revenues:
$121 million
expenditures:
$225 million, including capital expenditures of $50 million (1990
est.)
Exports:
$400 million (f.o.b., 1993 est.)
commodities:
sugar, bauxite/alumina, rice, shrimp, molasses
partners:
UK 33%, US 31%, Canada 9%, France 5%, Japan 3%, (1992)
Imports:
$520 million (c.i.f., 1993 est.)
commodities:
manufactures, machinery, petroleum, food
partners:
US 37%, Trinidad and Tobago 13%, UK 11%, Italy 8%, Japan 5% (1992)
External debt:
$1.9 billion including arrears (1992 est)
Industrial production:
growth rate 11% (1991 est.); accounts for about 11% of GDP
Electricity:
capacity:
253,500 kW
production:
276 million kWh
consumption per capita:
370 kWh (1992)
Industries:
bauxite mining, sugar, rice milling, timber, fishing (shrimp),
textiles, gold mining
Agriculture:
most important sector, accounting for 25% of GDP and about half of
exports; sugar and rice