IMF Staff Country Reports

Guyana: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Guyana

May 7, 2025

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International Monetary Fund. Western Hemisphere Dept. "Guyana: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Guyana", IMF Staff Country Reports 2025, 103 (2025), accessed May 9, 2025, https://doi.org/10.5089/9798229008860.002

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Summary

Guyana’s economy has grown rapidly over the past two decades, progressing from low-middle-income to high-income status—the only Heavily Indebted Poor Countries (HIPC) Initiative participant to achieve this milestone. Oil production is fast ramping up and, together with strong non-oil growth and large-scale infrastructure investment, it is supporting the highest real GDP growth rate in the world at a recorded average of 47 percent in 2022–24. The government is making significant investments, funded by oil revenue, to promote inclusive and sustainable development while striving for resilient growth. Fundamentals remain strong, with no clear signs of overheating, amid substantial accumulation of the oil revenue windfall in the Natural Resource Fund (NRF).

Subject: Capital spending, Commodities, Environment, Expenditure, External debt, Labor, Labor markets, Natural resources, Oil, Oil production, Oil, gas and mining taxes, Production, Public debt, Taxes

Keywords: Gas and mining taxes, Capital spending, Education, Labor markets, Natural resources, Oil, Oil, Oil production

Publication Details

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