Economy Archives

November 3, 2025

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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), […]

April 19, 2025

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Guyana’s positive economic growth has created a natural shift in the local pay scale and the need to redefine the local work culture. With this shift being supported by the government, Chief Investment Officer and Agency Head of the Guyana Office for Investment, Dr Peter Ramsaroop, said it would benefit foreign companies to also understand […]

March 20, 2025

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Guyana’s lucrative oil economy will continue to be a major contributor to regional economic growth, even as the country’s expansion is projected to slow this year. This was stated by Caribbean Development Bank (CDB) Director of Economics, Ian Durant, as he presented an overview of the Caribbean’s 2024 performance and the region’s 2025 trajectory at […]

February 20, 2025

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The government is making significant strides in diversifying and fortifying the non-oil economy, with impressive growth across agriculture, construction, and mining sectors, said Senior Minister in the Office of the President with Responsibility for Finance and Public Service, Dr Ashni Singh, as he made a compelling case to investors at the Guyana Energy Conference and […]

February 4, 2025

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Some 121,000 Guyanese have already received their grants, said Prime Minister Brigadier (Ret’d) Mark Phillips, as he defended the allocation of more than $40 million towards this programme. Speaking during the deliberation before the Committee of Supply in the National Assembly on Monday, the Prime Minister made clear that all eligible Guyanese will benefit from […]

January 23, 2025

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A substantial amount of $42.8 billion has been budgeted in 2025 to ensure senior citizens enjoy their golden years in comfort. A report from the government’s Department of Information (DPI) said that from this amount, the government has proposed a whopping $298.1 million for water subsidies for more than 35,000 senior citizens. This reflects an […]

January 23, 2025

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The Caribbean Community (CARICOM) is pleased to note the decision of the Government of the United States of America, on 14 January 2025, to issue a certification of rescission of the Republic of Cuba’s designation as a State Sponsor of Terrorism. The Caribbean Community said in a public statement that, “This decision to remove the […]

January 23, 2025

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Guyana has unveiled its largest budget since the addition of its oil resource at a whopping $1.38t, 20.6 percent larger than last year’s. Minister of Finance Ashni Singh on Friday 17 delivered budget 2025 under the theme, “A secure prosperous, and sustainable Guyana”, detailing projected Gross Domestic Product (GDP) growth at 10.6 percent, mainly supported […]

Tag: Economy

Economy grew 7.5 per cent, surge experienced in manufacturing sector

Economic boom driving shift in pay and work culture

Guyana’s oil economy remains key driver of regional growth

Dr Singh: Now is the time to invest in Guyana’s booming economy

121,000 Guyanese received cash grant

Budget 2025 allocates billions to cost of living relief, senior citizens, public assistance

USA to remove Cuba from the List of State Sponsors of Terrorism … CARICOM wants financial, economic, and trade embargo lifted

Guyana government tables massive $1.38 trillion budget …Maintains double digit growth despite fall in GDP expansion

$1 billion eye hospital opens on New Market Street

55 NDCs now equipped with garbage trucks under national rollout

Three foreign nationals sentenced to prison over illegal mining in Iwokrama forest

$1 billion eye hospital opens on New Market Street

55 NDCs now equipped with garbage trucks under national rollout

Three foreign nationals sentenced to prison over illegal mining in Iwokrama forest