Guyana's net trade in goods (current US$, BoP) was US$7.21 billion in 2023, the latest year in the World Bank's World Development Indicators. That is up 1,542% from −US$499.79 million in 2013.
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$7.21 billion | 2023 |
| Five years earlier | −US$710.21 million | 2018 |
| Ten years earlier | −US$499.79 million | 2013 |
| Highest | US$8.08 billion | 2022 |
| Lowest | −US$2.04 billion | 2019 |
| Average since 2014 | US$1.31 billion | 2014–2023 |
| First recorded | −US$27.37 million |
What the numbers say
In 2023, Guyana's net trade in goods (current US$, BoP) fell US$868.6 million on 2022 (from US$8.08 billion to US$7.21 billion).
Across the 30 yearly changes before that (1993 to 2022), the average change was +US$271.23 million and a typical year strayed about US$1.47 billion from that (the standard deviation). This year's change was 0.8 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was US$7.42 billion in 2022 and the biggest yearly fall was US$1.33 billion in 2019. 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$798.61 million a year. A straight line explains 50% 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 2nd 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
- Libya — 1st of 12: US$13.88 billion
- South Sudan — 3rd of 12: US$1.76 billion
- Tuvalu — 4th of 12: −US$34.82 million
- Palau — 5th of 12: −US$162.42 million
What this measures
The balance of international trade in goods is the difference between the exports and imports of goods. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 41 values
| Year | Net trade in goods (current US$, BoP) |
|---|---|
| 2023 | 7,207,384,487 |
| 2022 | 8,075,980,145 |
| 2021 | 654,516,161 |
| 2020 | 635,472,305 |
| 2019 | -2,042,798,477 |
| 2018 | -710,206,019 |
| 2017 | 10,686,573 |
| 2016 | 93,780,461 |
| 2015 | -201,557,075 |
| 2014 | -624,079,765 |
| 2013 |
Net trade in goods (current US$, BoP) in nearby economies
- Antigua and Barbuda — −US$696.93 million (2025)
- Argentina — US$15.36 billion (2025)
- Aruba — −US$1.22 billion (2023)
- Bahamas, The — −US$3.72 billion (2024)
- Barbados — −US$820.85 million (2017)
- Belize — −US$940.14 million (2025)
- Bolivia — US$1.18 billion (2025)
- Brazil — US$59.73 billion (2025)
- Chile — US$23.85 billion (2025)
- Colombia — −US$14.84 billion (2025)
- Costa Rica
More economic policy & debt data for Guyana
- Total reserves, including gold (current US$) — US$1.36 billion (2025)
- Total reserves, excluding gold (current US$) — US$1.36 billion (2025)
- Agriculture, forestry, and fishing, value added (current US$) — US$2.1 billion (2025)
- Agriculture, forestry, and fishing, value added (current LCU) — 436.98 billion (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) — US$1.62 billion (2025)
- Agriculture, forestry, and fishing, value added (constant LCU) — 363.35 billion (2025)
- Agriculture, forestry, and fishing, value added (% of GDP) — 7.73% (2025)
- Manufacturing, value added (current US$) — US$514.49 million (2025)
- Manufacturing, value added (current LCU)
Reading data like this
Questions people ask
- What is Guyana's net trade in goods (current US$, BoP)?
- US$7.21 billion in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1977?
- It is up 26,431% from −US$27.37 million in 1977. The highest value was US$8.08 billion in 2022 and the lowest −US$2.04 billion in 2019.
- How does Guyana rank?
- 2nd highest of 12 economies with data for 2023.
- Is the latest change in net trade in goods (current US$, BoP) unusual for Guyana?
- In 2023, Guyana's net trade in goods (current US$, BoP) fell US$868.6 million on 2022 (from US$8.08 billion to US$7.21 billion). Across the 30 yearly changes before that (1993 to 2022), the average change was +US$271.23 million and a typical year strayed about US$1.47 billion from that (the standard deviation). This year's change was 0.8 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator BN.GSR.MRCH.CD, 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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