Source: world bank Nominal/PPP
Summary:
Guyana GDP Per Capita expanded from 1960 to 2024, increasing from $0.17 to $24.66 .The compound annual growth rate (CAGR) averaged 8.09% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 41.67%, indicating the largest cyclical decline from peak levels. The country experienced 11 recession episode(s) during the observed period.
Guyana Economic Phases (1960 - 2024)
From 1960 to 2024, Guyana economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1964–1967) indicating robust economic expansion
- High Growth (1969–1971) indicating robust economic expansion
- High Growth (1973–1975) indicating robust economic expansion
- Contraction (1976–1977) indicating temporary slowdown
- High Growth (1992–1997) indicating robust economic expansion
- Contraction (1998–1999) indicating temporary slowdown
- Expansion (2002–2003) indicating steady moderate growth
- High Growth (2006–2008) indicating robust economic expansion
- High Growth (2010–2012) indicating robust economic expansion
- Expansion (2015–2016) indicating steady moderate growth
- High Growth (2019–2024) indicating robust economic expansion
The most remarkable growth occurred in 2006 with an increase of 188.505%, while the largest decline was in 1987 at -29.735%.