Even as the global economy grappled with financial instability, uneven growth and an uncertain outlook, Guyana recorded extraordinary economic expansion in 2025, with real Gross Domestic Product (GDP) growing by 19.3 per cent, driven by strong performance in both oil and non-oil sectors.
The non-oil economy expanded by 14.3 per cent, underscoring continued growth in productive sectors despite international economic headwinds, according to figures presented during the 2026 National Budget.
The data were disclosed by Senior Minister in the Office of the President with responsibility for Finance, Dr Ashni Singh, during the presentation of the government’s first budget since its re-election, themed “Putting People First.”
“Guyana’s sustained strong economic performance comes against the backdrop of a global economy that is best characterised by uneven growth and an uncertain outlook,” Dr Singh said.
Real GDP is an inflation-adjusted measure that reflects the value of all goods and services produced by an economy in a given year.
He explained that growth in the non-oil economy was driven primarily by agriculture, mining, and construction and services, while overall economic expansion was fuelled by the rapid growth of the oil and gas industry.
In 2025, the agriculture, forestry, and fishing sectors grew by 11.5 per cent, with all sub-sectors recording increases.
