Economy grew 7.5 per cent, surge experienced in manufacturing sector

Credit: Business Outreach

Guyana’s economy expanded by an estimated 7.5 per cent in the first half of 2025, driven by strong performances in both the oil and non-oil sectors, according to the government’s mid-year report.

Growth in the manufacturing sector surged 26.8 per cent during the period, supported by increases across all subcategories—particularly other manufacturing (30.8 per cent), rice (12.4 per cent), and sugar (136.7 per cent). The sector is now projected to grow 14.9 per cent for the full year.

The non-oil economy also showed robust expansion, rising 13.8 per cent in the first six months, led by solid gains in construction and services. The construction sector grew 29.9 per cent, bolstered by large-scale infrastructure projects under the Public Sector Investment Programme (PSIP) and private investment, with full-year growth expected at 26.2 per cent.

Meanwhile, the services sector expanded 6.6 per cent, supported by higher activity in wholesale and retail trade (8.6 per cent), administrative and support services (6 per cent), financial and insurance activities (6.6 per cent), professional and technical services (41.6 per cent), and information and communication (12.3 per cent).

With the fourth Floating Production Storage and Offloading (FPSO) vessel coming online in the second half of the year, overall real GDP growth for 2025 has been upgraded to 15.2 per cent, up from 10.6 per cent. Non-oil growth is projected at 13.9 per cent, making 2025 the fifth consecutive year of expansion in both the overall and non-oil economies.