Current account balance in Guyana
Guyana: Current account balance was 2.35 billion BoP, current US$ in 2023. ◆ Volatile
Current account balance in Guyana, 1977–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for current account balance in Guyana is 2.35 billion BoP, current US$, measured in 2023.
That represents a change of down 44.6% on the previous year and up 615.8% over ten years.
Over the whole period, current account balance in Guyana peaked at 4.24 billion BoP, current US$ in 2022 and was at its lowest, -2.95 billion BoP, current US$, in 2019.
Guyana ranks 42nd of 199 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -70.00 million BoP, current US$ | -97.53 million BoP, current US$ | -29.57 million BoP, current US$ | 3 |
| 1980s | -134.11 million BoP, current US$ | -183.50 million BoP, current US$ | -96.62 million BoP, current US$ | 6 |
| 1990s | -92.42 million BoP, current US$ | -140.22 million BoP, current US$ | -32.70 million BoP, current US$ | 8 |
| 2000s | -129.45 million BoP, current US$ | -321.36 million BoP, current US$ | -19.92 million BoP, current US$ | 10 |
| 2010s | -606.75 million BoP, current US$ | -2.95 billion BoP, current US$ | 151.17 million BoP, current US$ | 10 |
| 2020s | 1.15 billion BoP, current US$ | -1.36 billion BoP, current US$ | 4.24 billion BoP, current US$ | 4 |
Countries ranked near Guyana
More economy & growth data for Guyana
- Gross capital formation 32.3% (2005)
- Gross fixed capital formation 266.72 million current US$ (2005)
- Gross fixed capital formation 53.31 billion current LCU (2005)
- Gross fixed capital formation 32.3% (2005)
- Changes in inventories 0 current US$ (2005)
- Changes in inventories 0 current LCU (2005)
- Gross capital formation 266.72 million current US$ (2005)
- Gross capital formation 53.31 billion current LCU (2005)
- External balance on goods and services -41.39 billion current LCU (2005)
- External balance on goods and services -207.09 million current US$ (2005)
Frequently asked questions
- What is current account balance in Guyana?
- Current account balance in Guyana was 2.35 billion BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Guyana?
- The highest recorded value was 4.24 billion BoP, current US$ in 2022.
- What is the lowest current account balance recorded in Guyana?
- The lowest recorded value was -2.95 billion BoP, current US$ in 2019.
- How does Guyana rank for current account balance?
- Guyana ranks 42nd out of 199 countries with data for 2023.
- Is current account balance rising or falling in Guyana?
- Over the last ten years it is up 615.8%. 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 Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.