Why Guyana?
With the development of the emerging oil and gas sector in Guyana, there has been a surge in new businesses taking advantage of the available opportunities.
Population Information
The population increased 6.5% between 1990 and 2015. In 1990, the population structure had an expansive structure. By 2015, the structure became irregular, with an expansive shape in the groups older than 45 years of age and in those 15 and 30 years of age; a regressive shape manifested itself in the remaining groups, as a result of changes driven by migration, birth rate, and mortality at different periods.
Source: Pan American Health Organization, based on the United Nations Department of Economic and Social Affairs, Population Division. Revision 2015, New York, 2015
Female Population 375,437
Male Population 372,447
The most recent Population and Housing Census was calculated Guyana’s population to be 747,884 persons, with 49.8% males and 50.2% females. Guyana had a negative population growth rate of -0.44 over the intercensal period 2002-2012.
In 2012, 88.2% of the population was under the age of 55 years old, census showed that 41.9% of the population resided in the capital city of Georgetown, located in Region 4; 47.2% lived in the coastal region (excluding Georgetown); and 10.9% lived in the hinterland. In 2012, Guyana’s population structure for the 10-14- and 15-19-year-old age groups shows the impact of the high number of registered live births from 1993-2002. The population structure also reflects a shrinking of age groups in their prime working years (20-39 years) due to continuous, outward migration.
Market Entry / Distribution Points
Source: Bureau of Statistics, UN World Population Prospects (2019 Revision) – United Nations population estimates and projections, GeoNames Gazetteer
| Place | Population |
|---|---|
|
Georgetown |
235,017 |
|
Linden |
44,690 |
|
New Amsterdam |
35,039 |
|
Anna Regina |
12,448 |
|
Bartica |
11,157 |
|
Skeldon |
5,859 |
|
Rosignol |
5,782
|
|
Mahdia |
4,200 |
|
Vreed-en-Hoop |
3,073 |
|
Mabaruma |
717 |
Market Entry/ Distribution Points
- STRENGHTS
- Attractive prospects for investors in mining, hydroelectric power and agriculture
- Abundant offshore oil and gas reserves, being developed since 2020
- Member of the Caribbean Community and Common Market (CARICOM)
- Fastest growing economy in the Western Hemisphere
Macro Economics - GDP Growth
GDP per capita was US$4,121 in ,2018 and US$4,929 in 2019. According to the IMF, per capita GDP increased to US$5,931 in 2020 and will continue increasing to US$9,169 in 2023.
Guyana’s actual and forecasted oil production
The oil production will be one of the largest in the world by 2024.