Net trade in goods in Guyana
Guyana: Net trade in goods was 7.21 billion BoP, current US$ in 2023. ◆ Volatile
Net trade in goods in Guyana, 1977–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2023, net trade in goods in Guyana stood at 7.21 billion BoP, current US$.
The figure is down 10.8% on the previous year and up 1,542.1% over ten years.
Over the whole period, net trade in goods in Guyana peaked at 8.08 billion BoP, current US$ in 2022 and was at its lowest, -2.04 billion BoP, current US$, in 2019.
That places Guyana 38th out of 199 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.22 million BoP, current US$ | -27.37 million BoP, current US$ | 42.12 million BoP, current US$ | 3 |
| 1980s | -12.62 million BoP, current US$ | -53.23 million BoP, current US$ | 15.24 million BoP, current US$ | 6 |
| 1990s | -24.06 million BoP, current US$ | -68.30 million BoP, current US$ | 22.50 million BoP, current US$ | 8 |
| 2000s | -179.46 million BoP, current US$ | -522.09 million BoP, current US$ | -7.79 million BoP, current US$ | 10 |
| 2010s | -573.08 million BoP, current US$ | -2.04 billion BoP, current US$ | 93.78 million BoP, current US$ | 10 |
| 2020s | 4.14 billion BoP, current US$ | 635.47 million BoP, current US$ | 8.08 billion BoP, current US$ | 4 |
Countries ranked near Guyana
- 35 Kazakhstan 11.04 billion BoP, current US$ compare
- 36 Finland 9.32 billion BoP, current US$ compare
- 37 Papua New Guinea 8.71 billion BoP, current US$ compare
- 39 Azerbaijan 6.38 billion BoP, current US$ compare
- 40 Ecuador 6.36 billion BoP, current US$ compare
- 41 Austria 5.73 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 in Guyana?
- Net trade in goods in Guyana was 7.21 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 recorded in Guyana?
- The highest recorded value was 8.08 billion BoP, current US$ in 2022.
- What is the lowest net trade in goods recorded in Guyana?
- The lowest recorded value was -2.04 billion BoP, current US$ in 2019.
- How does Guyana rank for net trade in goods?
- Guyana ranks 38th out of 199 countries with data for 2023.
- Is net trade in goods rising or falling in Guyana?
- Over the last ten years it is up 1,542.1%. 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 (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 is the difference between the exports and imports of goods. 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.