Market Research In Guyana

Guyana Profile:

  • Guyana officially the Co-operative Republic of Guyana, is a sovereign state on the northern mainland of South America.
  • Guyana is a member of CARICOM and a founding member of the Union of South American Nations.
  • Guyana has experienced positive growth almost every year over the past decade. Inflation has been kept under control.
  • Government is still juggling a sizable external debt against the urgent need for expanded public investment. Chronic problems include a shortage of skilled labour and a deficient infrastructure.
  • The government initiated a major overhaul of the tax code in early 2007. The Value Added Tax (VAT) was brought into effect, replacing six different taxes

Guyana Economy:

  • The Guyanese economy exhibited moderate economic growth in recent years and is based largely on agriculture and extractive industries.
  • The main economic activities in Guyana are agriculture (production of rice and Demerara sugar), bauxite mining, gold mining, timber, shrimp fishing and minerals.
  • 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.
  • Much of Guyana’s growth in recent years has come from a surge in gold production in response to global prices, although downward trends in gold prices may threaten future growth.
  • The sugar industry, which accounts for 28% of all export earnings, is largely run by the company GuySuCo, which employs more people than any other industry

Guyana Facts:

  • Population: 737,718
  • Capital: Georgetown
  • Largest city: Georgetown
  • Area: 214,969 sq km
  • Major language: English (official), Guyanese Creole, Amerindian, Indian languages, Chinese
  • Major religion: Protestant 34.8%, Hindu 24.8%, Roman Catholic 7.1%, Muslim 6.8%, Jehovah’s Witness 1.3%, Rastafarian 0.5%, other Christian 20.8%, other 0.9%
  • Life expectancy: 65.6 years (Male), 71.8 years (Female)
  • Monetary unit: 1 Guyana Dollar(G$, GYD) = 100 Cents
  • Main exports: Sugar, gold, bauxite, alumina, rice, shrimp, molasses, rum, timber
  • GNI per Capita: $7,810

Our Market Research Services in Guyana:

We Employ A Wide Range of Research Techniques in Guyana:

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