Finance of Guyana

The minimum monthly wage in Guyana is 168 USD. Guyana has a government debt of 52.7% of the country's Gross Domestic Product (GDP), as assessed in 2011. With regard to consumer prices, the inflation rate in Guyana is 3.9%. The currency of Guyana is Guyanese dollar. The plural form of the word Guyanese dollar is dollars. The symbol used for this currency is $, and it is abbreviated as GYD. The Guyanese dollar is divided into cent; there are 100 in one dollar. Each year, consumers spend around $1,674 million. The ratio of consumer spending to GDP in Guyana is 0.06%, and the ratio of consumer spending to the world consumer market is 0.48%. The corporate tax in Guyana is set at 30%. The maximum personal income tax is%.VAT in Guyana is 16%. In 2013, Guyana received 114.4 million USD in foreign aid.In 2014, the foreign aid amounted to 158.7 USD.

Gross Domestic Product

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Guyana is $5,534 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Guyana was last recorded at $7,074,691. PPP in Guyana is considered to be very good when compared to other countries. Very good PPP indicates that citizens in this country find it easy to purchase local goods. Local goods can include food, shleter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with very good PPP are safe locations for investments. The total Gross Domestic Product (GDP) in Guyana is 2,990 billion. Based on this statistic, Guyana is considered to have a small economy. Countries with small economies generally support less industries and opportunities for investment. However, worthwhile investment opportunities may be found. The Gross Domestic Product (GDP) per capita in Guyana was last recorded at $3,822,430. The average citizen in Guyana has very high wealth. Countries with very high wealth per capita have an extended life expectancy and very high standard of living. Highly skilled workers can be found in many industries, and labor is very expensive in these countries. Countries with very high wealth offer opportunities for safe investments, as they are often supported by a diverse and thriving financial sector. GDP Annual Growth Rate in Guyana averaged 3.3% in 2014. According to this percentage, Guyana is currently experiencing modest growth. Countries that are experiencing modest growth offer safe opportunities for investment; their expanding economy indicates that businesses, jobs, and income will expand accordingly.