This statistic shows the 20 countries with the highest growth of the gross domestic product (GDP) in 2024. In 2043, Guyana ranked 1st with an estimated GDP growth of approximately 43.57 percent compared to the previous year. GDP around the world Gross domestic product (GDP) is an indicator of the monetary value of all goods and services produced by a nation in a specific time period. GDP is a strong index of a country’s economic strength - the higher the GDP of a nation, the stronger that country’s economy. The countries in the world with the highest GDP or GDP per capita are mainly developed and emerging countries, with global gross domestic product amounting to nearly 75 trillion U.S. dollars. As of 2016, the United States is the nation in the world with the highest GDP with more than 18.56 trillion U.S. dollars, which makes up more than 15.7 percent of the global GDP. The countries with the lowest gross domestic product per capita in 2014 were mainly African nations. The country in the world with the lowest GDP per capita in 2016 was South Sudan, followed by Malawi, and Burundi. However, several economically struggling African and Asian countries such as Myanmar, Côte d'Ivoire, Bhutan, and India reported the highest growth of the gross domestic product in 2016. Also in the top 20 nations with the highest growth of the GDP is China. In 2016, the GDP in China was the second highest GDP in the world. It is estimated that by 2019 the GDP in China will grow by 6 percent. Based on this estimate, GDP in China will be at around 14.6 trillion U.S. dollars by 2019.

Time series data for the statistic GDP per person employed (constant 2017 PPP $) and country Guyana. Indicator Definition:GDP per person employed is gross domestic product (GDP) divided by total employment in the economy. Purchasing power parity (PPP) GDP is GDP converted to 2017 constant international dollars using PPP rates. An international dollar has the same purchasing power over GDP that a U.S. dollar has in the United States.The indicator "GDP per person employed (constant 2017 PPP $)" stands at 222.57 Thousand usd as of 12/31/2024, the highest value at least since 12/31/1992, the period currently displayed. Regarding the One-Year-Change of the series, the current value constitutes an increase of 39.86 percent compared to the value the year prior.The 1 year change in percent is 39.86.The 3 year change in percent is 198.21.The 5 year change in percent is 423.26.The 10 year change in percent is 520.89.The Serie's long term average value is 42.94 Thousand usd. It's latest available value, on 12/31/2024, is 418.40 percent higher, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 12/31/1991, to it's latest available value, on 12/31/2024, is +1,260.91%.The Serie's change in percent from it's maximum value, on 12/31/2024, to it's latest available value, on 12/31/2024, is 0.0%.

Time series data for the statistic GDP_Per_Capita_Current_USD and country Guyana. Indicator Definition:GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars.The statistic "GDP Per Capita Current USD" stands at 29,883.63 United States Dollars as of 12/31/2024, the highest value at least since 12/31/1961, the period currently displayed. Regarding the One-Year-Change of the series, the current value constitutes an increase of 45.96 percent compared to the value the year prior.The 1 year change in percent is 45.96.The 3 year change in percent is 203.05.The 5 year change in percent is 366.51.The 10 year change in percent is 446.05.The Serie's long term average value is 2,832.42 United States Dollars. It's latest available value, on 12/31/2024, is 955.06 percent higher, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 12/31/1963, to it's latest available value, on 12/31/2024, is +10,246.79%.The Serie's change in percent from it's maximum value, on 12/31/2024, to it's latest available value, on 12/31/2024, is 0.0%.

Haiti is expected to experience the worst economic recession in Latin America and the Caribbean in 2024. Haiti's gross domestic product (GDP) in 2024 is forecast to be 3 percent lower than the value registered in 2023, based on constant prices. Aside from Argentina, Haiti, and Puerto Rico, most economies in the region were likely to experience economic growth in 2024, most notably, Guyana.

The statistic shows gross domestic product (GDP) per capita in the Association of Caribbean States in 2023. GDP is the total value of all goods and services produced in a country in a year. It is considered to be a very important indicator of the economic strength of a country and a positive change is an indicator of economic growth. The Association of Caribbean States comprises Antigua and Barbuda, Bahamas, Barbados, Belize, Colombia, Costa Rica, Cuba, Dominica, Dominican Republic, El Salvador, Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, Suriname, Trinidad and Tobago and Venezuela. In 2023, GDP per capita in Barbados amounted to around 23,167.3 U.S. dollars.

Time series data for the statistic Real_GDP_Per_Capita_Constant_2015_USD and country Guyana. Indicator Definition:GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2015 U.S. dollars.The statistic "Real GDP Per Capita Constant 2015 USD" stands at 32,932.21 United States Dollars as of 12/31/2024, the highest value at least since 12/31/1961, the period currently displayed. Regarding the One-Year-Change of the series, the current value constitutes an increase of 42.56 percent compared to the value the year prior.The 1 year change in percent is 42.56.The 3 year change in percent is 207.43.The 5 year change in percent is 424.51.The 10 year change in percent is 484.35.The Serie's long term average value is 4,768.42 United States Dollars. It's latest available value, on 12/31/2024, is 590.63 percent higher, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 12/31/1963, to it's latest available value, on 12/31/2024, is +1,287.27%.The Serie's change in percent from it's maximum value, on 12/31/2024, to it's latest available value, on 12/31/2024, is 0.0%.

Guyana was the South American country 20360the highest gross national income per capita, with 20,360 U.S. dollars per person in 2023. Uruguay ranked second, registering a GNI of 19,530 U.S. dollars per person, based on current prices. Gross national income (GNI) is the aggregated sum of the value added by residents in an economy, plus net taxes (minus subsidies) and net receipts of primary income from abroad. Which are the largest Latin American economies? Based on annual gross domestic product, which is the total amount of goods and services produced in a country per year, Brazil leads the regional ranking, followed by Mexico, Argentina, and Chile. Many Caribbean countries and territories hold the highest GDP per capita in this region, measurement that reflects how GDP would be divided if it was perfectly equally distributed among the population. GNI per capita is, however, a more exact calculation of wealth than GDP per capita, as it takes into consideration taxes paid and income receipts from abroad. How much inequality is there in Latin America? In many Latin American countries, more than half the total wealth created in their economies is held by the richest 20 percent of the population. When a small share of the population concentrates most of the wealth, millions of people don't have enough to make ends meet. For instance, in Brazil, about 5.32 percent of the population lives on less than 3.2 U.S. dollars per day.

The average for 2024 based on 177 countries was 3.2 percent. The highest value was in Guyana: 43.37 percent and the lowest value was in Palestine: -26.56 percent. The indicator is available from 1961 to 2024. Below is a chart for all countries where data are available.

Time series data for the statistic Real_GDP_Per_Capita_PPP_Constant_2017_USD and country Guyana. Indicator Definition:GDP per capita based on purchasing power parity (PPP). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP at purchaser's prices is the sum of gross value added by all resident producers in the country plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2017 international dollars.The statistic "Real GDP Per Capita PPP Constant 2017 USD" stands at 70,297.40 United States Dollars as of 12/31/2024, the highest value at least since 12/31/1991, the period currently displayed. Regarding the One-Year-Change of the series, the current value constitutes an increase of 42.56 percent compared to the value the year prior.The 1 year change in percent is 42.56.The 3 year change in percent is 207.43.The 5 year change in percent is 424.51.The 10 year change in percent is 484.35.The Serie's long term average value is 13,551.48 United States Dollars. It's latest available value, on 12/31/2024, is 418.74 percent higher, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 12/31/1990, to it's latest available value, on 12/31/2024, is +1,285.33%.The Serie's change in percent from it's maximum value, on 12/31/2024, to it's latest available value, on 12/31/2024, is 0.0%.

Time series data for the statistic GDP_Per_Capita_PPP_Current_International_USD and country Guyana. Indicator Definition:This statistic provides per capita values for gross domestic product (GDP) expressed in current international dollars converted by purchasing power parity (PPP) conversion factor. GDP is the sum of gross value added by all resident producers in the country plus any product taxes and minus any subsidies not included in the value of the products. conversion factor is a spatial price deflator and currency converter that controls for price level differences between countries. Total population is a mid-year population based on the de facto definition of population, which counts all residents regardless of legal status or citizenship.The statistic "GDP Per Capita PPP Current International USD" stands at 79,905.74 United States Dollars as of 12/31/2024, the highest value at least since 12/31/1991, the period currently displayed. Regarding the One-Year-Change of the series, the current value constitutes an increase of 46.00 percent compared to the value the year prior.The 1 year change in percent is 46.00.The 3 year change in percent is 249.45.The 5 year change in percent is 503.47.The 10 year change in percent is 616.96.The Serie's long term average value is 12,672.19 United States Dollars. It's latest available value, on 12/31/2024, is 530.56 percent higher, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 12/31/1990, to it's latest available value, on 12/31/2024, is +2,544.48%.The Serie's change in percent from it's maximum value, on 12/31/2024, to it's latest available value, on 12/31/2024, is 0.0%.

Time series data for the statistic Gross_Domestic_Product_Current_USD and country Guyana. Indicator Definition:GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.The statistic "Gross Domestic Product Current USD" stands at 24,835,899,825.90 United States Dollars as of 12/31/2024, the highest value at least since 12/31/1961, the period currently displayed. Regarding the One-Year-Change of the series, the current value constitutes an increase of 46.80 percent compared to the value the year prior.The 1 year change in percent is 46.80.The 3 year change in percent is 208.85.The 5 year change in percent is 380.04.The 10 year change in percent is 501.69.The Serie's long term average value is 2,233,004,094.63 United States Dollars. It's latest available value, on 12/31/2024, is 1,012.22 percent higher, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 12/31/1960, to it's latest available value, on 12/31/2024, is +14,490.79%.The Serie's change in percent from it's maximum value, on 12/31/2024, to it's latest available value, on 12/31/2024, is 0.0%.

In 2023, four Caribbean nations were the countries with the highest gross national income per capita in Latin America and the Caribbean. On average, the national gross income amounted to around 31,990 U.S. dollars per person in the Bahamas, an island country which also had one of the highest gross domestic product per capita in this region. Outside the Caribbean Excluding the Caribbean, the economies with the highest national income per capita are generally located in South America, with the exceptions of Panama, Costa Rica and Mexico. Guyana leads among continental states with a national income of around 20.360 U.S. dollars per person. Gross national income (GNI) is the aggregated sum of the value added by residents in an economy, plus net taxes (minus subsidies) and net receipts of primary income from abroad. The biggest economies Brazil and Mexico are still miles ahead in the race for the biggest economy of Latin America. As of 2023, both nations exceeded the two trillion U.S. dollars mark in their Gross Domestic Product (GDP). While Argentina's GDP, third place, slightly surpassed the 600 billion U.S. dollars. Nonetheless, both nations also ranked as the most populated by far in the region.

Time series data for the statistic Domestic general government health expenditure (% of GDP) and country Guyana. Indicator Definition:Public expenditure on health from domestic sources as a share of the economy as measured by GDP.The indicator "Domestic general government health expenditure (% of GDP)" stands at 2.16 as of 12/31/2022, the lowest value since 12/31/2014. Regarding the One-Year-Change of the series, the current value constitutes a decrease of -35.74 percent compared to the value the year prior.The 1 year change in percent is -35.74.The 3 year change in percent is -25.78.The 5 year change in percent is -22.80.The 10 year change in percent is 19.93.The Serie's long term average value is 2.18. It's latest available value, on 12/31/2022, is 0.944 percent lower, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 12/31/2001, to it's latest available value, on 12/31/2022, is +32.04%.The Serie's change in percent from it's maximum value, on 12/31/2020, to it's latest available value, on 12/31/2022, is -45.77%.

Time series data for the statistic Current health expenditure (% of GDP) and country Guyana. Indicator Definition:Level of current health expenditure expressed as a percentage of GDP. Estimates of current health expenditures include healthcare goods and services consumed during each year. This indicator does not include capital health expenditures such as buildings, machinery, IT and stocks of vaccines for emergency or outbreaks.The indicator "Current health expenditure (% of GDP)" stands at 3.01 as of 12/31/2022, the lowest value at least since 12/31/2001, the period currently displayed. Regarding the One-Year-Change of the series, the current value constitutes a decrease of -38.94 percent compared to the value the year prior.The 1 year change in percent is -38.94.The 3 year change in percent is -38.69.The 5 year change in percent is -30.39.The 10 year change in percent is -18.93.The Serie's long term average value is 4.00. It's latest available value, on 12/31/2022, is 24.90 percent lower, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 12/31/2022, to it's latest available value, on 12/31/2022, is +0.0%.The Serie's change in percent from it's maximum value, on 12/31/2020, to it's latest available value, on 12/31/2022, is -44.51%.

Time series data for the statistic Energy intensity level of primary energy (megajoules per constant 2017 PPP GDP) and country Guyana. Indicator Definition:Energy intensity level of primary energy is the ratio between energy supply and gross domestic product measured at purchasing power parity. Energy intensity is an indication of how much energy is used to produce one unit of economic output. Lower ratio indicates that less energy is used to produce one unit of output.The indicator "Energy intensity level of primary energy (megajoules per constant 2017 PPP GDP)" stands at 2.06 as of 12/31/2022, the lowest value at least since 12/31/2001, the period currently displayed. Regarding the One-Year-Change of the series, the current value constitutes a decrease of -26.43 percent compared to the value the year prior.The 1 year change in percent is -26.43.The 3 year change in percent is -48.24.The 5 year change in percent is -47.98.The 10 year change in percent is -53.08.The Serie's long term average value is 4.56. It's latest available value, on 12/31/2022, is 54.80 percent lower, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 12/31/2022, to it's latest available value, on 12/31/2022, is +0.0%.The Serie's change in percent from it's maximum value, on 12/31/2004, to it's latest available value, on 12/31/2022, is -67.30%.

Time series data for the statistic Consolidated foreign claims of BIS reporting banks to GDP (%) and country Guyana. Indicator Definition:The ratio of consolidated foreign claims to GDP of the banks that are reporting to BIS. Foreign claims are defined as the sum of cross-border claims plus foreign offices’ local claims in all currencies. In the consolidated banking statistics claims that are granted or extended to nonresidents are referred to as either cross-border claims. In the context of the consolidated banking statistics, local claims refer to claims of domestic banks’ foreign affiliates (branches/subsidiaries) on the residents of the host country (i.e. country of residence of affiliates). Items (A+L from BIS Table 9A). End-of-year data (i.e. December data) are considered for banks claims. GDP is from World Development Indicators.The indicator "Consolidated foreign claims of BIS reporting banks to GDP (%)" stands at 6.95 as of 12/31/2020. Regarding the One-Year-Change of the series, the current value constitutes an increase of 11.73 percent compared to the value the year prior.The 1 year change in percent is 11.73.The 3 year change in percent is -8.42.The 5 year change in percent is -62.46.The 10 year change in percent is -73.47.The Serie's long term average value is 19.59. It's latest available value, on 12/31/2020, is 64.55 percent lower, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 12/31/2019, to it's latest available value, on 12/31/2020, is +11.73%.The Serie's change in percent from it's maximum value, on 12/31/1983, to it's latest available value, on 12/31/2020, is -91.35%.

Time series data for the statistic Government expenditure on tertiary education as % of GDP (%) and country Guyana. Indicator Definition:Total general (local, regional and central) government expenditure on tertiary education (current, capital, and transfers), expressed as a percentage of GDP. It includes expenditure funded by transfers from international sources to government. Divide total government expenditure for a given level of education (ex. primary, secondary, or all levels combined) by the GDP, and multiply by 100. A higher percentage of GDP spent on education shows a higher government priority for education, but also a higher capacity of the government to raise revenues for public spending, in relation to the size of the country's economy. When interpreting this indicator however, one should keep in mind in some countries, the private sector and/or households may fund a higher proportion of total funding for education, thus making government expenditure appear lower than in other countries. Limitations: In some instances data on total public expenditure on education refers only to the Ministry of Education, excluding other ministries which may also spend a part of their budget on educational activities. For more information, consult the UNESCO Institute of Statistics website: http://www.uis.unesco.org/Education/The indicator "Government expenditure on tertiary education as % of GDP (%)" stands at 0.1611 as of 12/31/2012. Regarding the One-Year-Change of the series, the current value constitutes an increase of 16.02 percent compared to the value the year prior.The 1 year change in percent is 16.02.The 3 year change in percent is -33.59.The 5 year change in percent is -27.11.The 10 year change in percent is -60.40.The Serie's long term average value is 0.556. It's latest available value, on 12/31/2012, is 71.03 percent lower, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 12/31/2011, to it's latest available value, on 12/31/2012, is +16.02%.The Serie's change in percent from it's maximum value, on 12/31/1977, to it's latest available value, on 12/31/2012, is -89.59%.

Time series data for the statistic Classification of household consumption and country Guyana. Indicator Definition:Classification of Individual Consumption According to Purpose (COICOP) is used in household budget surveys, consumer price indices and international comparisons of gross domestic product (GDP) and its component expenditures. Although COICOP is not strictly linked to any particular model of consumer behavior, the classification is designed to broadly reflect differences in income elasticities. It is an integral part of the SNA1993 and more detailed subdivision of the classes provide comparability between countries and between statistics in these different areas.