Guyana: Commercial service exports (current US$)

Key figures

What the numbers say

In 2023, Guyana's commercial service exports (current US$) rose 141.3% on 2022 (from US$217.09 million to US$523.74 million).

Across the 30 yearly changes before that (1993 to 2022), the average change was +4.3% and a typical year strayed about 18.7% from that (the standard deviation). This year's change was 7.3 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 141.3% in 2023 and the biggest yearly fall was 44.7% in 2013. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2014 to 2023 the straight-line trend is upward, about US$23.7 million a year. A straight line explains 42% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2023, Guyana had the 8th highest value of the 12 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Guyana in the 2023 ranking

• Sint Maarten (Dutch part) — 4th of 12: US$1.27 billion
• Senegal — 5th of 12: US$1.27 billion
• Libya — 6th of 12: US$628.9 million
• Benin — 8th of 12: US$451.05 million
• South Sudan — 9th of 12: US$383.32 million
• Comoros — 10th of 12: US$110.18 million

What this measures

Commercial service exports are total service exports minus exports of government services not included elsewhere. Exports of services are services provided by residents to non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Limitations: Balance of payments statistics, the main source of information on international trade in services, have many weaknesses. Disaggregation of important components may be limited and varies considerably across countries. There are inconsistencies in the methods used to report items. And the recording of major flows as net items is common (for example, insurance transactions are often recorded as premiums less claims). These factors contribute to a downward bias in the value of the service trade reported in the balance of payments. Efforts are being made to improve the coverage, quality, and consistency of these data.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 41 values

Commercial service exports (current US$) in nearby economies

• Antigua and Barbuda — US$1.21 billion (2025)
• Argentina — US$18.1 billion (2025)
• Aruba — US$2.96 billion (2023)
• Bahamas, The — US$5.84 billion (2024)
• Barbados — US$1.5 billion (2017)
• Belize — US$1.16 billion (2025)
• Bolivia — US$1.27 billion (2025)
• Brazil — US$53.54 billion (2025)
• Chile — US$12.55 billion (2025)
• Colombia — US$19.74 billion (2025)

More private sector & trade data for Guyana

• Merchandise trade (% of GDP) — 106.69% (2025)
• Merchandise imports (current US$) — US$10.22 billion (2025)
• Merchandise exports (current US$) — US$18.69 billion (2025)
• Merchandise imports from high-income economies (% of total merchandise imports) — 69.45% (2023)
• Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) — 16.96% (2023)
• Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports) — 13.24% (2023)
• Merchandise imports from low- and middle-income economies in South Asia (% of total merchandise imports) — 1.69% (2023)

Reading data like this

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Questions people ask

What is Guyana's commercial service exports (current US$)?

US$523.74 million in 2023, according to the World Bank (World Development Indicators).

How has it changed since 1977?

It is up 3,510% from US$14.51 million in 1977 (8.11% a year on average, compounded). The highest value was US$523.74 million in 2023 and the lowest US$14.51 million in 1977.

How does Guyana rank?

8th highest of 12 economies with data for 2023.

Is the latest change in commercial service exports (current US$) unusual for Guyana?

In 2023, Guyana's commercial service exports (current US$) rose 141.3% on 2022 (from US$217.09 million to US$523.74 million). Across the 30 yearly changes before that (1993 to 2022), the average change was +4.3% and a typical year strayed about 18.7% from that (the standard deviation). This year's change was 7.3 standard deviations above that average, so it was unusually large compared with the rest of the record.

Source

World Bank, World Development Indicators, indicator TX.VAL.SERV.CD.WT, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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