Guyana's real economy expanded by 33.3 per cent in the first half of 2026, driven largely by the first full six-month period in which four Floating Production, Storage and Offloading (FPSO) vessels operated simultaneously in the Stabroek Block, following first oil from the One Guyana FPSO in August last year.
The non-oil economy grew by 10.1 per cent over the same period, driven principally by construction, services and mining. Overall real GDP growth for 2026 is now projected at 20.8 per cent, with non-oil growth of 10.2 per cent.

Oil and Gas

The oil and gas industry expanded by 41.3 per cent in the first half, with total production of 163.3 million barrels, up from 115.7 million barrels a year earlier. Daily production averaged approximately 902,000 bpd, compared with about 639,000 bpd in the first half of last year. Production rates stood at approximately 120,000 bpd on the Destiny FPSO, 261,000 bpd on Unity, 262,000 bpd on Prosperity, and approximately 260,000 bpd on One Guyana.
With further ramp-up projected for One Guyana and first oil expected from the fifth vessel, Errea Wittu, in the final quarter, the sector is now expected to grow by 24.2 per cent this year.

Mining and Quarrying

Mining and quarrying grew by an estimated 40.7 per cent in the first half, with growth recorded across all subsectors.
Bauxite mining grew by an estimated 7.3 per cent, with total production of 1,763,222 tonnes from the sector's two large producers – 1,642,891 tonnes from the larger operator and 120,331 tonnes from the smaller. Heavy and prolonged rainfall flooded pits and disrupted extraction, and the subsector is now projected to grow by 10.2 per cent this year, targeting approximately 4,351,000 tonnes.
Gold mining expanded by an estimated 11.3 per cent, with total declarations of 232,287 troy ounces. Small- and medium-scale declarations grew from 137,441 to 162,182 troy ounces, offsetting a marginal decline from the lone large-scale producer, from 71,316 to 70,105 troy ounces. The growth projection is maintained at 5.4 per cent, consistent with budgeted declarations of 510,450 troy ounces.
Other mining and quarrying – sand, stone, diamonds and manganese – grew by an estimated 40 per cent, driven by continued construction activity. Sand and stone declarations grew by 61.7 per cent and 2.3 per cent respectively, offsetting declines of 27.5 per cent in manganese and 61.7 per cent in diamonds. The subsector is now estimated to grow by 14.9 per cent this year.

Manufacturing

Manufacturing expanded by an estimated 3 per cent in the first half, driven by other manufacturing and sugar manufacturing. Other manufacturing grew by 4.4 per cent on improved output of fabricated metal products, wearing apparel, chemicals and plastic products, while sugar manufacturing grew by 19.3 per cent and rice manufacturing fell by 2.7 per cent. The sector is now projected to grow by 10.7 per cent in 2026.

Services

The services sector grew by an estimated 7.2 per cent in the first half, largely reflecting growth in wholesale and retail trade and repairs, financial and insurance activities, transport and storage, real estate activities, and administrative and support services, which grew by 10.9 per cent, 12.7 per cent, 14.2 per cent, 3.2 per cent and 2.5 per cent, respectively. The sector is now projected to grow by 7.7 per cent this year.

Construction

The construction sector expanded by an estimated 24.7 per cent in the first half, supported by Government's expanded Public Sector Investment Programme (PSIP) and private investment across several industries. With this momentum expected to continue into the second half, the sector is now projected to expand by 27.6 per cent this year.