Guyana: Budget balance forecast
* indicates monthly or quarterly data series
Guyana |
Budget balance forecast, percent of GDP |
---|---|
Latest value | -0.71 |
Year | 2028 |
Measure | percent |
Data availability | 2000 - 2028 |
Average | -4.52 |
Min - Max | -10.77 - 1.35 |
Source | International Monetary Fund |
The latest value from 2028 is -0.71 percent, an increase from -1.4 percent in 2027. In comparison, the world average is -2.11 percent, based on data from 80 countries. Historically, the average for Guyana from 2000 to 2028 is -4.52 percent. The minimum value, -10.77 percent, was reached in 2006 while the maximum of 1.35 percent was recorded in 2015.
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Definition: The structural budget balance refers to the general government cyclically adjusted balance adjusted for nonstructural elements beyond the economic cycle. These include temporary financial sector and asset price movements as well as one-off, or temporary, revenue or expenditure items. The cyclically adjusted balance is the fiscal balance adjusted for the effects of the economic cycle. The series includes actual historical values for past years and forecast values for the current and the next few years.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Economic growth forecast | 13.49 | 2028 | percent |
Investment forecast | 6.09 | 2028 | percent |
Inflation forecast | 5.54 | 2028 | percent |
Budget balance forecast | -0.71 | 2028 | percent |
Current account forecast | 46.78 | 2028 | percent |