Guyana Current Account to GDP

Guyana recorded a Current Account deficit of 13.20 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Guyana is reported by the Central Bank of Guyana. From 1977 until 2012, Guyana Current Account to GDP averaged -15.6 Percent reaching an all time high of -2.5 Percent in December of 2004 and a record low of -37.6 Percent in December of 1992. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Guyana Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-13.20 -13.40 -2.53 -37.62 -17.00 | 2013/12 1977 - 2012 Percent Yearly

TO

Guyana Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Remittances 405.00 2012-12-31 401.00 424.00 90.00 407.99 2013-12-31 USD Million [+]
Balance of Trade -49.70 2013-09-30 -137.40 -49.70 -232.80 -91.51 2013-12-31 USD Million [+]
Current Account -394.80 2012-12-31 -372.20 -69.80 -394.80 -479.32 2013-12-31 USD Million [+]
Current Account to GDP -13.20 2012-12-31 -13.40 -2.53 -37.62 -17.00 2013-12-31 Percent [+]
Exports 398.80 2013-09-30 318.90 589.00 125.80 358.04 2013-12-31 USD Million [+]
Imports 448.40 2013-09-30 456.30 783.70 194.90 445.31 2013-12-31 USD Million [+]
[+]


Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.


RELATED NEWS

Guyana Inflation Rate at 0.90 Percent  
The inflation rate in Guyana was recorded at 0.90 percent in the fourth quarter of 2013. Inflation Rate in Guyana is reported by the Statistics Guyana.
Guyana Interest Rate at 5.00 Percent  
The benchmark interest rate in Guyana was last recorded at 5 percent. Interest Rate in Guyana is reported by the Bank of Guyana.
Guyana Sales Tax Rate | VAT at 16.00 Percent  
The Sales Tax Rate in Guyana stands at 16 percent. Sales Tax Rate in Guyana is reported by the Ministry of Finance.
Guyana GDP Annual Growth Rate at 3.90 Percent  
The Gross Domestic Product (GDP) in Guyana expanded 3.90 percent in the first six months of 2013 from the same period of the previous year. GDP Annual Growth Rate in Guyana is reported by the Bank of Guyana.
Guyana Balance of Trade at -49.70 USD Million  
Guyana recorded a trade deficit of 49.70 USD Million in the third quarter of 2013. Balance of Trade in Guyana is reported by the Bank of Guyana.
Guyana Current Account at -394.80 USD Million  
Guyana recorded a Current Account deficit of 394.80 USD Million in 2012. Current Account in Guyana is reported by the Bank of Guyana.
Guyana Imports at 448.40 USD Million  
Imports in Guyana decreased to 448.40 USD Million in the third quarter of 2013 from 456.30 USD Million in the second quarter of 2013. Imports in Guyana is reported by the Bank of Guyana.
Guyana Exports at 398.80 USD Million  
Exports in Guyana increased to 398.80 USD Million in the third quarter of 2013 from 318.90 USD Million in the second quarter of 2013. Exports in Guyana is reported by the Bank of Guyana.
Guyana Remittances at 405.00 USD Million  
Remittances in Guyana increased to 405 in December of 2012 from 401 in December of 2011.
Guyana GDP per capita at 1276.80 USD  
The Gross Domestic Product per capita in Guyana was last recorded at 1276.80 US dollars in 2012. The GDP per Capita in Guyana is equivalent to 10 percent of the worlds average. GDP per capita in Guyana is reported by the World Bank.
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