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

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