Exporting guide to Guyana
Strengthening economy
The import market has seen steady growth over the last five years, and this was expected to increase further in 2020 (IMF, 2019). UK exports increased in the year up to March 2019 by 159.8% (ONS, 2019). GDP is also increasing rapidly, and GDP per capita is projected to increase by 400% by 2025 (IMF, 2019).
English speaking
Guyana has under 800,000 citizens (ONS, 2019). It is the only English-speaking nation in South America. UK businesses interested in operating there will benefit from English-speaking potential partners and workforce.
Geolocation
Its strategic location makes it a gateway to South America (the country borders both Brazil and Venezuela), and also (via sea routes) to its top export destinations: the United States, Canada and China (OEC, 2019). If you are a UK business looking to reach a wide market audience, Guyana may be a great option for you.
Guyana: at a glance
Currency
Guyanese dollar
Business language
English
GDP per capita
$9,644
Actual figure (IMF, 2021). The UK is $47,203 (IMF, 2021, projected figure).
Economic growth
19.9%
(IMF, 2021)
Time zone
GMT -4
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Check for trade barriers
Trade barriers, such as tariffs or taxes, can raise costs, cause delays, or even stop you from exporting. Check for any issues that may impact your business when exporting.
Check duties and customs
Find information on how to export goods from the UK. View the duties, rules, restrictions, and the documents you need for your products.
Next steps
DIT can advise you on doing business abroad, and help put you in touch with other people who can help such as lawyers and distributors.
