| Pre
1992 |
Post
1992 |
Projections
|
| External
debt US$2.1B. |
US$1.24B. |
The
2001 PPP/C manifesto said this debt will be reduced to
US$800M.
|
|
GDP
$33,622M (Current Prices)
|
2003
GDP G$143,842M (Current Prices) |
The
PRSP 2003/2004 Report project GDP at G$156,000M
|
| Debt
servicing 94% of GDP |
Less
than 30% |
About
20 %
|
| Rice
Production 91000 tonnes |
300,000
tonnes. |
tremendous
increase as a result of a 11.7M Euros grant to enhance
international competitiveness
|
| Seafood
production US$1M |
US$52M
representing an increase of 5100 % |
new
markets opening in Europe and the US as a result of the
enacted Fisheries Bill of 2002.
|
| Sugar
Production 129,000 tonnes |
331,000
tonnes |
500,000
tonnes by 2006.
|
| Depreciation:
Guyana vs. US $ 119% |
.
5%. |
Stability
|
| unemployment
rate 11.7 % |
7
% |
Decrease
significantly as investment increases.
|
| Commercial
Banks Lending Rates 36% |
20% |
decrease:
deposits and business confidence increase.
|
| The
inflation rate 100% |
6.1%. |
stability
|
| Minimum
wage for public servants US$13 or G$ 1541. |
US$115
or $22,000 an increase of 785% |
With
Government committed to continued wage increases and
modernization of the public sector, wages will go up further.
|
| Per
capita Income US$ 231 |
Per
capita income in Guyana is US$ 900 today, an increase of 290% |
As
production increases and the economy grows this figure will
increase.
|
| Non-Traditional
Exports were US$ 447.4 M |
Currently
Non-Traditional Exports are worth US$731M. |
There
is increased emphasis in this area via New GMC and GO-INVEST.
This sector will continue to thrive as the demand for Guyanese
products increases.
|
| Investment
represented US$ 731M |
approximately
US$12B an increase of 1542 % |
As
business confidence and savings in the economy increase, local
and foreign investment will also increase.
|
| 85
% Guyanese were living in poverty |
reduced
to 35 percent. |
There
has been the formulation of a National Poverty Reduction
Strategy Paper. When implemented this will further reduce
poverty.
|
| Total
savings in the Commercial Banks G$11B |
Total
savings in Commercial Banks at 2003 were G$106B representing
an increase of 863 % |
Public
savings are expected to increase to 13.2 % of GDP from 3% in
2001.
|
| Guyana
was placed at 134 on the World Bank Human Development Index |
Guyana
moved up to 92 |
Guyana’s
rating will improve further as measures to increase production
and the distribution of income increase.
|
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