Overview of Guyana's Extractive Industries
Guyana is bordered by the Atlantic Ocean, Venezuela, Brazil, and Suriname in the north-eastern coast of South America. With a surface area of 214,970 square kilometres, the country is divided into ten administrative regions, with its capital in the City of Georgetown.14 With a population of 746,955 , 15 90% of the population lives on the coastal strip, while the Indigenous people mainly occupy the savannahs and forest regions. The most recent Guyana National Population and Housing Census 2022 began in September 2022 and is still ongoing at the time of producing this report in accordance with recent communications of the Bureau of Statistics of Guyana.
Guyana’s economic growth rate reached 36.4% in the first half of 2022. This is largely impacted by the continuous growth of the oil sector in the country. The non-oil growth accounted for 8.3% in accordance with the Ministry of Finance.