ty, and a resumption of growth -
requires considerable public administrative abilities and continued patience
by consumers during a long incubation period. Buoyed by a recovery in mining
and agriculture, the economy posted 6% growth in 1991 and 7% growth in 1992,
according to official figures. A large volume of illegal and quasi-legal
economic activity is not captured in estimates of the country's total
output.
National product:
GDP - exchange rate conversion - $267.5 million (1992 est.)
National product real growth rate:
7% (1992 est.)
National product per capita:
$370 (1992 est.)
Inflation rate (consumer prices):
15% (1992)
Unemployment rate:
12%-15% (1991 est.)
Budget:
revenues $121 million; expenditures $225 million, including capital
expenditures of $50 million (1990 est.)
Exports:
$268 million (f.o.b., 1992 est.)
commodities:
sugar, bauxite/alumina, rice, gold, shrimp, molasses, timber, rum
partners:
UK 28%, US 25%, FRG 8%, Canada 7%, Japan 6% (1989)
Imports:
$242.4 million (f.o.b., 1990 est.)
commodities:
manufactures, machinery, food, petroleum
partners:
US 40%, Trinidad & Tobago 13%, UK 11%, Japan 5%, Netherland Antilles 3%
(1989)
External debt:
$2 billion including arrears (1990)
Industrial production:
growth rate 12% (1990 est.); accounts for about 24% of GDP
Electricity:
253,500 kW capacity; 276 million kWh produced, 370 kWh per capita (1992)
Industries:
bauxite mining, sugar, rice milling, timber, fishing (shrimp), textiles,
gold mining
Agriculture:
most important sector, accounting for 25% of GDP and about half of exports;
sugar and rice are key crops; development potential exists for fishing and
forestry; not self-sufficient in food, especially wheat, vegetable oils, and
animal products

*Guyana, Economy

Economic aid:
US commitments, including Ex-Im (FY70-89), $116 million; Western (non-US)
countries, ODA and OOF bilateral commitments (1970-89), $325 million;
Communist countries 1970-89, $242 million
Currency:
1 Guyanese dollar (G$) = 100 cents
Exchange rates:
Guyanese dollars (G$) per US$1 - 125.8 (January 1993) 125.0 (1992), 111.8
(1991), 39.533 (1990), 27.159 (1989), 10.000 (1988)
Fiscal year:
calendar year

*Guyana, Communications

Railroads:
187 km total, all single track 0.914-meter gauge
Highways:
7,665 km total; 550 km paved, 5,000 km gravel, 1,525 km earth, 590 km
unimproved
Inland w