Exporting to Guyana
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).
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.
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.