CARIFORUM-UK economic partnership agreement
The UK has signed an economic partnership agreement (EPA) with the CARIFORUM trade bloc which includes Guyana. Read our latest updates for more information on the status of this agreement and how it may benefit your business.
Geolocation
Its strategic location in the North makes Guyana a gateway to the rest of South America. It also has established sea routes to the United States, Canada and China. If you are a UK business looking to reach a wide market audience, Guyana may be a great option for you.
Top five UK goods exported to Guyana, in the four quarters to the end of Q2 2022
| Goods | Value (£million) |
|---|---|
| Road vehicles other than cars (capital) | |
| General industrial machinery (intermediate) | |
| Ships | |
| Specialised machinery (capital) | |
| Scientific instruments (capital) |
Source:
ONS Trade in goods: country-by-commodity exports
Last updated: November 2022
Download the latest trade and investment factsheet for Guyana.
Total import value (into the UK from Guyana) and export value (from the UK into Guyana) over time
| Year | Imports (£million) | Exports (£million) | Total trade (£million) |
|---|---|---|---|
| 2016 | 32.0 | 97.0 | 129.0 |
| 2017 | 72.0 | 122.0 | 194.0 |
| 2018 | 39.0 | 252.0 | 291.0 |
| 2019 | 41.0 | 468.0 | 509.0 |
| 2020 | 32.0 | 541.0 | 573.0 |
| 2021 | 34.0 | 447.0 | 481.0 |
Source:
ONS UK total trade: all countries, seasonally adjusted
Last updated: October 2022
Total trade is the sum of all exports and imports over the same time period.
Download the latest trade and investment factsheet for Guyana.
Guyana: at a glance
Economic growth
23.8%
Actual figure (IMF, 2021)
The UK is 7.4% (IMF, 2021, projected figure)
GDP per capita
$6,594
Actual figure (IMF, 2019)
The UK is $43,121 (IMF, 2019, actual figure)
Currency
Guyanese dollar
Business language
English
Time zone
GMT -4
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