Trends in the small business sector in Guyana

Contribution

In last week’s column, it was noted that small businesses make up a substantial part of the Guyana economy. The column this week highlights some of the trends noticeable in the small business sector. The trends show up in the distribution of loans between men and women, between age groups and between sectors of the economy. These trends help to identify the demographic aspects of small businesses and something about their contribution to the economy. It is reported that small businesses account for about 50 per cent of the businesses in Guyana and those with a relationship with IPED contribute about five per cent to the economy. With small businesses making up such a large portion of economic participation, the study of this aspect of the life of small businesses