Guyana’s GDP Grew by 30.9% in 2020, Fastest Growing Economy in the World

Guyana experienced an important economic transformation in 2020, but not to the extent previously expected.

RIO DE JANEIRO, BRAZIL - Early in the year it was forecast that Guyana would grow by 85% in 2020. However, the domestic and international effects of the coronavirus disease (COVID-19) pandemic have lowered expectations and growth is now projected at 30.9%, writes th United Nations Economic Commission for Latin America and the Caribbean (ECLAC) in its latest report

The first case of COVID-19 in Guyana was recorded on March 12th, 2020. While the disease initially spread slowly in the country, it began to accelerate in August and by the end of October there were over 4,000 . . .

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