Guyana Economic information

Guyana is a country located on the northern coast of South America. Its capital is Georgetown. It borders Guyana, Venezuela, Brazil and Suriname. The country's economy is based on agriculture, mining, energy and tourism. Guyana's most important agricultural products are sugar cane, rice, corn, soybeans, bananas and palm oil. Fishing is also an important industry. The mining sector has great potential for Guyana's economy. The country has precious metals such as gold, diamonds, bauxite and uranium. Offshore oil discoveries have been made in recent years and it has been revealed that Guyana's oil reserves have great potential. The energy sector plays an important role in Guyana's economic growth. The country's hydroelectric potential is high and therefore energy exports are also made. Tourism is another sector that contributes to the Guyana economy. The country's natural beauties, rainforests, savannahs and rivers attract the attention of tourists. However, Guyana's economy faces challenges such as a high poverty rate, low human capital and infrastructure problems. The country is trying to make investments to cope with these problems and maintain economic growth.