GDP grew last year by 33%, public works to get $204.1b

Minister of Finance Dr. Ashni Singh yesterday announced that Guyana ‘s Gross Domestic Product (GDP) grew by 33% for the year 2023.

He made this announcement during his more than five-hour-long Budget 2024 presentation themed “Staying the course building prosperity for all”.

He said that the country’s GDP witness-ed such growth due to the expansion of the thriving oil and gas sector.

The non-oil economy grew by 11.7 per cent, due to advances in construction, agriculture, forestry, fishing and as well as the mining sector.