Guyana

Guyana has become the world's fastest-growing economy by far, transformed almost overnight by enormous offshore oil discoveries that have begun pumping since 2019, sending output and incomes soaring.

Once one of South America's poorest countries, Guyana now faces the challenge of managing a sudden, vast oil windfall wisely while avoiding the pitfalls that have plagued other resource-rich nations.

Key Sectors

The economy is now dominated by offshore oil, alongside traditional sectors of gold and bauxite mining, agriculture (rice and sugar), and timber.