Net trade in goods and services in Guyana
Guyana: Net trade in goods and services was 2.78 billion BoP, current US$ in 2023. ◆ Volatile
Net trade in goods and services in Guyana, 1977–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Guyana recorded 2.78 billion BoP, current US$ for net trade in goods and services in 2023.
The figure is down 38.0% on the previous year and up 432.1% over ten years.
Over the whole period, net trade in goods and services in Guyana peaked at 4.48 billion BoP, current US$ in 2022 and was at its lowest, -3.47 billion BoP, current US$, in 2019.
Guyana ranks 58th of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -40.22 million BoP, current US$ | -71.96 million BoP, current US$ | 196,078 BoP, current US$ | 3 |
| 1980s | -83.92 million BoP, current US$ | -129.14 million BoP, current US$ | -51.08 million BoP, current US$ | 6 |
| 1990s | -53.94 million BoP, current US$ | -101.08 million BoP, current US$ | 8.80 million BoP, current US$ | 8 |
| 2000s | -239.02 million BoP, current US$ | -635.40 million BoP, current US$ | -32.60 million BoP, current US$ | 10 |
| 2010s | -1.01 billion BoP, current US$ | -3.47 billion BoP, current US$ | -174.02 million BoP, current US$ | 10 |
| 2020s | 1.02 billion BoP, current US$ | -1.99 billion BoP, current US$ | 4.48 billion BoP, current US$ | 4 |
Countries ranked near Guyana
- 55 Congo 3.26 billion BoP, current US$ compare
- 56 Brunei 2.94 billion BoP, current US$ compare
- 57 Venezuela 2.87 billion BoP, current US$ compare
- 59 Cyprus 2.40 billion BoP, current US$ compare
- 60 Trinidad and Tobago 1.88 billion BoP, current US$ compare
- 61 Guinea 1.49 billion BoP, current US$ compare
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 net trade in goods and services in Guyana?
- Net trade in goods and services in Guyana was 2.78 billion BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods and services recorded in Guyana?
- The highest recorded value was 4.48 billion BoP, current US$ in 2022.
- What is the lowest net trade in goods and services recorded in Guyana?
- The lowest recorded value was -3.47 billion BoP, current US$ in 2019.
- How does Guyana rank for net trade in goods and services?
- Guyana ranks 58th out of 199 countries with data for 2023.
- Is net trade in goods and services rising or falling in Guyana?
- Over the last ten years it is up 432.1%. 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 Net trade in goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. 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.