Guyana’s Economy Records 7.5% Growth in the First Half of the Year

• Guyana’s economy continues a trajectory of strong, broad-based economic growth, underpinned by sustained expansion in the oil and gas sector, alongside robust performance across the non-oil economy. At the end of the first half of the year, it is estimated that Guyana’s overall economy grew by 7.5%, and the non-oil economy by an estimated 13.8%, representing the fifth successive year of expansion in the non-oil economy at the half-year, following the contraction in 2020.
• Based on the developments in the first half of the year, real GDP growth for 2025 has been revised upward to 15.2% overall from 10.6%, and 13.9% for non-oil real GDP, up from 13.8%
• The agriculture, fishing and forestry sector grew by an estimated 9% in the first half of the year. This was driven by growth in other crops, rice growing, livestock, forestry and sugar. Under the extractive industries, the mining and quarrying sector is estimated to have grown by 5.9% in the first half of the year due to increased output across all subsectors, including bauxite, gold, other mining, and oil and gas.
• The manufacturing sector is estimated to have grown by 26.8% in the first half, driven by growth across all subcategories, with the sector now projected to grow by 14.9% this year.
• Meanwhile, the services sector is estimated to have expanded by 6.6% in the first half of the year, primarily supported by growth in wholesale and retail trade and repairs, administrative and support services, financial and insurance activities, professional, scientific and technical services, information and communication, while the overall 2025 growth target for services is now 8.6%. Additionally, the construction sector is estimated to have grown by 29.9% in the first half of 2025, supported by the government’s expanded public sector investment programme, along with robust private sector investments across several sectors. With this, the sector is now expected to grow by 26.2% in 2025.
• The 2025 Mid-Year Report confirms that this Government, led by President Ali, is committed to sustaining high growth, while maintaining fiscal discipline and safeguarding Guyana’s long-term stability, with aggressive efforts to implement its ambitious policies and programmes.

(Sources: Department of Public Information, Guyana and Caribbean News Global)