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National Accounts Department                                                       back


National Accounts Department


Function: National Accounts Department compiles the national accounts of Guyana's economy, which is subdivided into twenty-three sub-industries. Two of the most well-known variables produced by these accounts, and perhaps the two most requested by the public, are Gross Domestic Product and Per Capita Income. Guyana launched its rebased and revised series of national accounts in February 2010, with a new base year of 2006 for constant GDP and with current GDP revised back to 2006. In revising its national accounts, Guyana adopted System of National Accounts 1993 (SNA 1993) recommendations, moving forward from the practices of SNA 1968.

Guyana compiles GDP at current and constant prices by industry, mainly by the production method. GDP by expenditure is compiled residually for the economy as a whole, and at current prices only.

The rebasing and revising of the national accounts which was conducted during 2007 to 2009 allowed not only the adoption of a more recent base year (previously 1988), but facilitated the use of more modern measurement techniques and a truer picture of economic structure. In the rebased and revised series, the increasing contribution of services to the economy and the subsequent diminishing contribution of traditional industries are evident.

Data collection: Data is collected on the output of the real and services industries of the economy. Examples of the data collected are: production of crops (such as rice, sugar, and other non-traditional crops), extraction of minerals (such as bauxite and gold), harvesting of seafood, and several manufactured items (varying from industrial items such as paint, to consumer items such as beverages). In terms of services, data collected includes parcels posted in and out by weight, domestic air passengers, aircraft landings at Cheddi Jagan International Airport (Timehri), registration of new motor vehicles, newspaper circulation, cellular subscribers, mortgages granted and ferry passengers, to name a few.


Selected Monthly Production Data

The National Accounts Department monitors the production of primary commodities and some locally manufactured commodities on a monthly basis.

The information is collected by way of a monthly survey. This data is now being posted on our website to make it more accessible to the general public. The table will generally be posted with a time lag of 4 - 6 weeks, since its publication depends on the time in which our repondents submit data.

The Department is, as always, appreciative of the companies and agencies who uphold their corporate and national responsibility by providing the information we compile.

Download available here: Selected Annual Production Data (PDF version)



Statistical Bulletin

Please refer to the National Accounts & Prices section of Statistical Bulletin for National Accounts publications.



Guyana Rebased Gross Domestic Product (GDP) Series



The Bureau of Statistics held a seminar on its newly rebased GDP series on March 11, 2010 at the Pegasus Hotel, Georgetown. The Bureau also launched its first National Accounts publication Guyana System of National Accounts.

The publication is available for download here Guyana System of National Accounts and copies of the Powerpoint presentations are also available on request (nataccts@statisticsguyana.gov.gy).

The Bureau of Statistics has introduced a new series of Gross Domestic Product (GDP) rebased and rebenchmarked to year 2006, replacing the series based in 1988. Below are downloadable files containing GDP by industry at constant and current prices for both the old (at 1988 prices) and new (at 2006 prices) series.
A brief overview of the newly rebased and rebenchmarked GDP series is also available.

Downloadable files:

Constant Gross Domestic Product at 2006 Prices (2006 - Budget 2016)

Current Gross Domestic Product - Revised and Rebased Series (2006 - Budget 2016)

National Aggregates - Revised and Rebased Series (2006 - Budget 2015)

GDP, Per Capita - GNDI in US$ 2012 - 2015

Overview - Guyana's Rebased GDP at 2006 prices

Current Gross Domestic Product by industry, 2000 to 2009 (previous series)

Current Gross Domestic Product, 1960 to 2008 (annual - previous series)

  Real GDP Growth Rates Data
Constant Gross Domestic Product at 2006 Prices - Growth Rates (2007 - Budget 2016)

Guyana GDP Half-Year Growth Rates, 2010 - 2015

Constant Gross Domestic Product - Real Growth Rates (total) at 1988 Prices, 1990 -2009

Constant Gross Domestic Product & Real Growth Rates (by Industry) at 1988 Prices, 1989 - 2009

For older GDP series data not found in these files, please contact the National accounts Department via email: nataccts@statisticsguyana.gov.gy or nat_act_bos@hotmail.com







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Guyana at a Glance



Population 746,955  (Census 2012)
Size 214,970 square km
Location Between 1o & 9o  North Latitude and 57o & 61o West Longitude
Time Zone GMT - 04:00
Currency Guyana Dollar (G$)
Per capita GDP 2015 at basic prices US$3,724.00
Nominal GDP 2015 G$653,836  million
Real GDP 2015 G$441,105  million
Inflation Rate

Dec '15 - Dec. '16:
           
1.4

Average Exchange Rate (Mid Rate)

Oct '16:   
G$208.08
to US $1
Nov '16:   
G$208.00
to US $1
Dec '16:   
G$208.23
to US $1


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