Guyana: Trade balance, percent of GDP
* indicates monthly or quarterly data series
Guyana |
Trade balance as percent of GDP |
---|---|
Latest value | -25.11 |
Year | 2005 |
Measure | percent |
Data availability | 1960 - 2005 |
Average | -8.36 |
Min - Max | -25.11 - 16.79 |
Source | The World Bank |
The latest value from 2005 is -25.11 percent, a decline from -9.6 percent in 2004. In comparison, the world average is -4.15 percent, based on data from 169 countries. Historically, the average for Guyana from 1960 to 2005 is -8.36 percent. The minimum value, -25.11 percent, was reached in 2005 while the maximum of 16.79 percent was recorded in 1963.
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The trade balance for Guyana and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Terms of trade | 123.92 | 2021 | percent |
Trade openness | 194.35 | 2005 | percent |
Financial openness | 1.100 | 2021 | index points |
Exports, percent of GDP | 84.62 | 2005 | percent |
Exports, billion dollars | 0.70 | 2005 | billion U.S. dollars |
Imports, percent of GDP | 109.73 | 2005 | percent |
Imports, billion dollars | 0.91 | 2005 | billion U.S. dollars |
Foreign Direct Investment, percent of GDP | 42.88 | 2023 | percent |
Foreign Direct Investment, billion dollars | 0.44 | 2022 | billion U.S. dollars |
Portfolio investment inflows, equities | 0.00 | 2020 | million dollars (current) |
Current account, percent of GDP | 10.31 | 2023 | percent |
Current account, in dollars | -0.25 | 2022 | billion U.S. dollars |
Trade balance, percent of GDP | -25.11 | 2005 | percent |
Trade balance, in dollars | 4.47 | 2022 | billion U.S. dollars |
Reserves | 0.90 | 2023 | billion U.S. dollars |
Remittances, percent of GDP | 3.27 | 2023 | percent |
Remittances | 548.84 | 2023 | million U.S. dollars |
Net errors and omissions | 520.37 | 2022 | million USD |
External debt | 17.84 | 2022 | percent |
Short-term external debt | 2.28 | 2022 | percent |
Short-term debt to reserves | 5.92 | 2022 | percent |
Foreign exchange reserves | 156.32 | 9/2024 | billion |