Exchange Rate Home >> Country Info >> Guyana
Guyana |
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Introduction
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Background:
Originally a Dutch colony in the 17th century, by 1815 Guyana had become a British possession. The abolition of slavery led to black settlement of urban areas and the importation of indentured servants from India to work the sugar plantations. This ethnocultural divide has persisted and has led to turbulent politics. Guyana achieved independence from the UK in 1966, and since then it has been ruled mostly by socialist-oriented governments. In 1992, Cheddi JAGAN was elected president in what is considered the country's first free and fair election since independence. After his death five years later, his wife, Janet JAGAN, became president but resigned in 1999 due to poor health. Her successor, Bharrat JAGDEO, was reelected in 2001 and again in 2006.
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Geography
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Freshwater withdrawal (domestic/industrial/agricultural):
total: 1.64 cu km/yr (2%/1%/98%) per capita: 2,187 cu m/yr (2000)
Total renewable water resources:
241 cu km (2000)
Land boundaries:
total: 2,949 km border countries: Brazil 1,606 km, Suriname 600 km, Venezuela 743 km
Environment - international agreements:
party to: Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Law of the Sea, Ozone Layer Protection, Ship Pollution, Tropical Timber 83, Tropical Timber 94 signed, but not ratified: none of the selected agreements
Climate:
tropical; hot, humid, moderated by northeast trade winds; two rainy seasons (May to August, November to January)
Map references:
South America
Geographic coordinates:
5 00 N, 59 00 W
Natural resources:
bauxite, gold, diamonds, hardwood timber, shrimp, fish
Elevation extremes:
lowest point: Atlantic Ocean 0 m highest point: Mount Roraima 2,835 m
Terrain:
mostly rolling highlands; low coastal plain; savanna in south
Geography - note:
the third-smallest country in South America after Suriname and Uruguay; substantial portions of its western and eastern territories are claimed by Venezuela and Suriname respectively
Area:
total: 214,970 sq km land: 196,850 sq km water: 18,120 sq km
Location:
Northern South America, bordering the North Atlantic Ocean, between Suriname and Venezuela
Coastline:
459 km
Area - comparative:
slightly smaller than Idaho
Irrigated land:
1,500 sq km (2003)
Environment - current issues:
water pollution from sewage and agricultural and industrial chemicals; deforestation
Maritime claims:
territorial sea: 12 nm exclusive economic zone: 200 nm continental shelf: 200 nm or to the outer edge of the continental margin
Natural hazards:
flash floods are a constant threat during rainy seasons
Land use:
arable land: 2.23% permanent crops: 0.14% other: 97.63% (2005)
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People
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Total fertility rate:
2.03 children born/woman (2008 est.)
Sex ratio:
at birth: 1.05 male(s)/female under 15 years: 1.04 male(s)/female 15-64 years: 1.02 male(s)/female 65 years and over: 0.73 male(s)/female total population: 1.01 male(s)/female (2008 est.)
HIV/AIDS - adult prevalence rate:
2.5% (2003 est.)
HIV/AIDS - people living with HIV/AIDS:
11,000 (2003 est.)
Life expectancy at birth:
total population: 66.43 years male: 63.81 years female: 69.18 years (2008 est.)
Major infectious diseases:
degree of risk: high food or waterborne diseases: bacterial and protozoal diarrhea, hepatitis A, and typhoid fever vectorborne diseases: dengue fever and malaria water contact disease: leptospirosis (2008)
Literacy:
definition: age 15 and over has ever attended school total population: 98.8% male: 99.1% female: 98.5% (2003 est.)
Net migration rate:
-7.45 migrant(s)/1,000 population (2008 est.)
Ethnic groups:
East Indian 43.5%, black (African) 30.2%, mixed 16.7%, Amerindian 9.1%, other 0.5% (2002 census)
Median age:
total: 28.2 years male: 27.7 years female: 28.7 years (2008 est.)
Population:
770,794 note: estimates for this country explicitly take into account the effects of excess mortality due to AIDS; this can result in lower life expectancy, higher infant mortality, higher death rates, lower population growth rates, and changes in the distribution of population by age and sex than would otherwise be expected (July 2008 est.)
Education expenditures:
8.3% of GDP (2006)
Population growth rate:
0.211% (2008 est.)
Languages:
English, Amerindian dialects, Creole, Caribbean Hindustani (a dialect of Hindi), Urdu
Death rate:
8.29 deaths/1,000 population (2008 est.)
Infant mortality rate:
total: 30.43 deaths/1,000 live births male: 33.87 deaths/1,000 live births female: 26.82 deaths/1,000 live births (2008 est.)
HIV/AIDS - deaths:
1,100 (2003 est.)
School life expectancy (primary to tertiary education):
total: 13 years male: 13 years female: 14 years (2005)
Age structure:
0-14 years: 25.9% (male 101,712/female 97,907) 15-64 years: 68.7% (male 267,239/female 262,188) 65 years and over: 5.4% (male 17,610/female 24,138) (2008 est.)
Birth rate:
17.85 births/1,000 population (2008 est.)
Religions:
Hindu 28.4%, Pentecostal 16.9%, Roman Catholic 8.1%, Anglican 6.9%, Seventh Day Adventist 5%, Methodist 1.7%, Jehovah Witness 1.1%, other Christian 17.7%, Muslim 7.2%, other 4.3%, none 4.3% (2002 census)
Nationality:
noun: Guyanese (singular and plural) adjective: Guyanese
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Government
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Diplomatic representation from the US:
chief of mission: Ambassador John Melvin JONES embassy: US Embassy, 100 Young and Duke Streets, Kingston, Georgetown mailing address: P. O. Box 10507, Georgetown; US Embassy, 3170 Georgetown Place, Washington DC 20521-3170 telephone: [592] 225-4900 through 4909 FAX: [592] 225-8497
National holiday:
Republic Day, 23 February (1970)
Suffrage:
18 years of age; universal
Government type:
republic
Political pressure groups and leaders:
Amerindian People's Association; Guyana Bar Association; Guyana Citizens Initiative; Guyana Human Rights Association; Guyana Public Service Union or GPSU; Private Sector Commission; Trades Union Congress
Diplomatic representation in the US:
chief of mission: Ambassador Bayney KARRAN chancery: 2490 Tracy Place NW, Washington, DC 20008 telephone: [1] (202) 265-6900 FAX: [1] (202) 232-1297 consulate(s) general: New York
International organization participation:
ACP, C, Caricom, CDB, FAO, G-77, IADB, IBRD, ICAO, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM (observer), ISO (subscriber), ITU, ITUC, LAES, MIGA, NAM, OAS, OIC, OPANAL, OPCW, PCA, RG, UN, UNASUR, UNCTAD, UNESCO, UNIDO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO
Legislative branch:
unicameral National Assembly (65 seats; members elected by popular vote, also not more than 4 non-elected non-voting ministers and 2 non-elected non-voting parliamentary secretaries appointed by the president; to serve five-year terms) elections: last held 28 August 2006 (next to be held by August 2011) election results: percent of vote by party - PPP/C 54.6%, PNC/R 34%, AFC 8.1%, other 3.3%; seats by party - PPP/C 36, PNC/R 22, AFC 5, other 2
Legal system:
based on English common law with certain admixtures of Roman-Dutch law; has not accepted compulsory ICJ jurisdiction
Flag description:
green, with a red isosceles triangle (based on the hoist side) superimposed on a long, yellow arrowhead; there is a narrow, black border between the red and yellow, and a narrow, white border between the yellow and the green
Independence:
26 May 1966 (from UK)
Country name (Goverment):
conventional long form: Cooperative Republic of Guyana conventional short form: Guyana former: British Guiana
Political parties and leaders:
Alliance for Change or AFC [Raphael TROTMAN and Khemraj RAMJATTAN]; Guyana Action Party or GAP [Paul HARDY]; Justice for All Party [C.N. SHARMA]; People's National Congress/Reform or PNC/R [Robert Herman Orlando CORBIN]; People's Progressive Party/Civic or PPP/C [Bharrat JAGDEO]; Rise, Organize, and Rebuild or ROAR [Ravi DEV]; The United Force or TUF [Manzoor NADIR]; The Unity Party [Joey JAGAN]; Vision Guyana [Peter RAMSAROOP]; Working People's Alliance or WPA [Rupert ROOPNARAINE]
Capital:
name: Georgetown geographic coordinates: 6 48 N, 58 10 W time difference: UTC-4 (1 hour ahead of Washington, DC during Standard Time)
Constitution:
6 October 1980
Executive branch:
chief of state: President Bharrat JAGDEO (since 11 August 1999); note - assumed presidency after resignation of President Janet JAGAN and was reelected in 2001, and again in 2006 head of government: Prime Minister Samuel HINDS (since October 1992, except for a period as chief of state after the death of President Cheddi JAGAN on 6 March 1997) cabinet: Cabinet of Ministers appointed by the president, responsible to the legislature elections: president elected by popular vote as leader of a party list in parliamentary elections, which must be held at least every five years (no term limits); elections last held 28 August 2006 (next to be held by August 2011); prime minister appointed by the president election results: President Bharrat JAGDEO reelected; percent of vote 54.6%
Administrative divisions:
10 regions; Barima-Waini, Cuyuni-Mazaruni, Demerara-Mahaica, East Berbice-Corentyne, Essequibo Islands-West Demerara, Mahaica-Berbice, Pomeroon-Supenaam, Potaro-Siparuni, Upper Demerara-Berbice, Upper Takutu-Upper Essequibo
Judicial branch:
Supreme Court of Judicature, consisting of the High Court and the Judicial Court of Appeal, with right of final appeal to the Caribbean Court of Justice
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Economy
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Exports - partners:
Canada 18.7%, US 16.5%, UK 9.1%, Portugal 7.6%, Trinidad and Tobago 5.2%, France 4.7%, Netherlands 4.6%, Jamaica 4% (2007)
Electricity - consumption:
747 million kWh (2006 est.)
Central bank discount rate:
6.5% (31 December 2007)
Electricity - imports:
0 kWh (2007 est.)
Current account balance:
-$220 million (2008 est.)
Debt - external:
$1.2 billion (2002)
Unemployment rate:
9.1% (2000)
Oil - exports:
0 bbl/day (2005)
GDP - per capita (PPP):
$4,000 (2008 est.)
Investment (gross fixed):
40.5% of GDP (2008 est.)
Stock of domestic credit:
$739.3 million (31 December 2007)
GDP (purchasing power parity):
$3.082 billion (2008 est.)
GDP (official exchange rate):
$1.134 billion (2008 est.)
Distribution of family income - Gini index:
43.2 (1999)
Exchange rates:
Guyanese dollars (GYD) per US dollar - 203.86 (2008 est.), 201.89 (2007), 200.28 (2006), 200.79 (2005), 198.31 (2004)
GDP - real growth rate:
4.8% (2008 est.)
Stock of money:
$315.2 million (31 December 2007)
Labor force:
418,000 (2001 est.)
Imports - partners:
Trinidad and Tobago 26.2%, US 20.5%, Cuba 7.2%, China 7.1%, UK 5.4% (2007)
Inflation rate (consumer prices):
8.3% (2008 est.)
GDP - composition by sector:
agriculture: 31.9% industry: 21% services: 47.2% (2008 est.)
Oil - imports:
10,960 bbl/day (2005)
Exports:
$779 million f.o.b. (2008 est.)
Natural gas - consumption:
0 cu m (2007 est.)
Agriculture - products:
sugarcane, rice, shrimp, fish, edible oils; beef, pork, poultry
Currency (code):
Guyanese dollar (GYD)
Economy - overview:
The Guyanese economy exhibited moderate economic growth in recent years and is based largely on agriculture and extractive industries. The economy is heavily dependent upon the export of six commodities - sugar, gold, bauxite, shrimp, timber, and rice - which represent nearly 60% of the country's GDP and are highly susceptible to adverse weather conditions and fluctuations in commodity prices. Economic recovery since the 2005 flood-related contraction has been buoyed by increases in remittances and foreign direct investment in the sugar and rice industries as well as the mining sector. The bauxite mining sector should benefit in the near term from restructuring and partial privatization, and the state-owned sugar industry will conduct efficiency increasing modernizations. Export earnings from agriculture and mining have remained flat as rising commodity prices have offset declining production, while the import bill has risen, driven by higher energy costs. Chronic problems include a shortage of skilled labor and a deficient infrastructure. The government is juggling a sizable external debt against the urgent need for expanded public investment. In March 2007, the Inter-American Development Bank, Guyana's principal donor, canceled Guyana's nearly $470 million debt, equivalent to nearly 48% of GDP, which along with other Highly Indebted Poor Country (HIPC) debt forgiveness brought the debt-to-GDP ratio down from 183% in 2006 to 120% in 2007. Guyana became heavily indebted as a result of the inward-looking, state-led development model pursued in the 1970s and 1980s. Guyana's entrance into the Caricom Single Market and Economy (CSME) in January 2006 has broadened the country's export market, primarily in the raw materials sector.
Natural gas - exports:
0 cu m (2007 est.)
Imports - commodities:
manufactures, machinery, petroleum, food
Industries:
bauxite, sugar, rice milling, timber, textiles, gold mining
Electricity - exports:
0 kWh (2007 est.)
Population below poverty line:
NA%
Commercial bank prime lending rate:
14.61% (31 December 2007)
Stock of quasi money:
$728.8 million (31 December 2007)
Electricity - production:
901 million kWh (2006 est.)
Imports:
$1.162 billion f.o.b. (2008 est.)
Oil - proved reserves:
0 bbl (1 January 2006 est.)
Labor force - by occupation:
agriculture: NA% industry: NA% services: NA%
Natural gas - proved reserves:
0 cu m (1 January 2006 est.)
Reserves of foreign exchange and gold:
$380 million (31 December 2008 est.)
Oil - consumption:
10,440 bbl/day (2006 est.)
Market value of publicly traded shares:
$262.4 million (31 December 2007)
Currency code:
GYD
Household income or consumption by percentage share:
lowest 10%: 1.3% highest 10%: 33.8% (1999)
Exports - commodities:
sugar, gold, bauxite, alumina, rice, shrimp, molasses, rum, timber
Economic aid - recipient:
$136.8 million (2005)
Electricity - production by source:
fossil fuel: 99.4% hydro: 0.6% nuclear: 0% other: 0% (2001)
Natural gas - imports:
0 cu m (2007 est.)
Natural gas - production:
0 cu m (2007 est.)
Budget:
revenues: $463.7 million expenditures: $536 million (2008 est.)
Fiscal year:
calendar year
Oil - production:
0 bbl/day (2007 est.)
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Communications
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Internet users:
190,000 (2007)
Telephones - main lines in use:
110,100 (2005)
Televisions:
46,000 (1997)
Internet country code:
.gy
Radio broadcast stations:
AM 3, FM 3, shortwave 1 (1998)
Radios:
420,000 (1997)
Telephones - mobile cellular:
281,400 (2005)
Television broadcast stations:
3 (1 public station; 2 private stations which relay US satellite services) (1997)
Telephone system:
general assessment: fair system for long-distance service domestic: microwave radio relay network for trunk lines; fixed-line teledensity is about 15 per 100 persons; many areas still lack fixed-line telephone services; mobile-cellular teledensity reached 37 per 100 persons in 2005 international: country code - 592; tropospheric scatter to Trinidad; satellite earth station - 1 Intelsat (Atlantic Ocean)
Internet Service Providers (ISPs):
3 (2000)
Internet hosts:
6,218 (2008)
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Transportation
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Waterways:
330 km note: Berbice, Demerara, and Essequibo rivers are navigable by oceangoing vessels for 150 km, 100 km, and 80 km respectively (2008)
Ports and terminals:
Georgetown
Merchant marine:
total: 8 by type: cargo 6, petroleum tanker 1, refrigerated cargo 1 registered in other countries: 3 (Saint Vincent and the Grenadines 2, unknown 1) (2008)
Airports - with paved runways:
total: 9 1,524 to 2,437 m: 3 under 914 m: 6 (2007)
Roadways:
total: 7,970 km paved: 590 km unpaved: 7,380 km (2000)
Airports - with unpaved runways:
total: 84 1,524 to 2,437 m: 1 914 to 1,523 m: 14 under 914 m: 69 (2007)
Airports:
93 (2007)
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Military
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Military service age and obligation:
18-25 years of age for voluntary military service; no conscription (2008)
Manpower available for military service:
males age 16-49: 220,797 (2008 est.)
Manpower fit for military service:
males age 16-49: 150,623 (2008 est.)
Military branches:
Guyana Defense Force: Army (includes Coast Guard, Air Corps) (2007)
Manpower reaching militarily significant age annually:
male: 6,713 female: 6,451 (2008 est.)
Military expenditures:
1.8% of GDP (2006)
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Transnational Issues
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Disputes - international:
all of the area west of the Essequibo River is claimed by Venezuela preventing any discussion of a maritime boundary; Guyana has expressed its intention to join Barbados in asserting claims before UNCLOS that Trinidad and Tobago's maritime boundary with Venezuela extends into their waters; Suriname claims a triangle of land between the New and Kutari/Koetari rivers in a historic dispute over the headwaters of the Courantyne; Guyana seeks arbitration under provisions of the UN Convention on the Law of the Sea (UNCLOS) to resolve the long-standing dispute with Suriname over the axis of the territorial sea boundary in potentially oil-rich waters
Trafficking in persons:
current situation: Guyana is a source, transit, and destination country for men, women, and children trafficked for the purposes of commercial sexual exploitation and forced labor; most trafficking appears to take place in remote mining camps in the country's interior; some women and girls are trafficked from northern Brazil; reporting from other nations suggests Guyanese women and girls are trafficked for sexual exploitation to neighboring countries and Guyanese men and boys are subject to labor exploitation in construction and agriculture; trafficking victims from Suriname, Brazil, and Venezuela transit Guyana en route to Caribbean destinations tier rating: Tier 2 Watch List - for a second consecutive year, Guyana is on the Tier 2 Watch List for failing to provide evidence of increasing efforts to combat trafficking, particularly in the area of law enforcement actions against trafficking offenders; the government has yet to produce an anti-trafficking conviction under the comprehensive Combating of Trafficking in Persons Act, which became law in 2005; the government operates no shelters for trafficking victims, but did include limited funding for anti-trafficking NGOs in its 2008 budget; the government did not make any effort to reduce demand for commercial sex acts during 2007 (2008)
Illicit drugs:
transshipment point for narcotics from South America - primarily Venezuela - to Europe and the US; producer of cannabis; rising money laundering related to drug trafficking and human smuggling
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