Guyana Trade Balance
External balance on goods and services NE.RSB.GNFS.CD
Guyana's trade balance was $-207.1M in 2005, ranked 90th globally. This represents a 173.8% decrease from 2004. Data from World Bank, covering 1960–2005.
Overview
Guyana's trade balance stood at $-207.1M in 2005, a decline of +$131.5M from 2004. Guyana ranked 90th globally.
Guyana’s trade balance has deteriorated markedly over the 46‑year span from 1960 to 2005, moving from a modest surplus of 29,516,592.88 in 1963 – the highest level recorded – to a cumulative deficit of –207,086,428.52 in 2005, the lowest point in the series and the country’s worst position globally (rank 90). The early deficit of –13,999,965.00 in 1960 already signalled a structural reliance on imports that deepened as export growth failed to keep pace with rising consumption and investment needs. By contrast, peer small‑state economies such as Aruba and Bhutan posted similar negative balances (–210,034,078.21 and –214,535,269.01 respectively), underscoring the vulnerability of commodity‑dependent nations to external price shocks and limited diversification. The persistent widening of the deficit suggests that without significant expansion of export capacity, particularly in value‑added sectors, Guyana’s trade balance is likely to remain in deficit, though recent discoveries of offshore oil reserves could alter this trajectory if export revenues are effectively mobilised.
Data & projection
| Year | Trade Balance | YoY change | Rank |
|---|---|---|---|
| 2005 | $-207.1M | −$131.5M | #90 |
| 2004 | $-75.6M | −$2.7M | #98 |
| 2003 | $-72.9M | +$15.1M | #95 |
| 2002 | $-88.0M | +$10.5M | #82 |
| 2001 | $-98.5M | +$5.6M | #88 |
| 2000 | $-104.1M | −$48.2M | #89 |
| 1999 | $-55.9M | +$30.1M | #97 |
| 1998 | $-85.9M | −$12.4M | #104 |
| 1997 | $-73.5M | −$30.5M | #95 |
| 1996 | $-43.0M | +$24.8M | #102 |
| 1995 | $-67.8M | −$2.0M | #101 |
| 1994 | $-65.8M | +$10.2M | #88 |
| 1993 | $-75.9M | +$11.8M | #87 |
| 1992 | $-87.7M | −$25.0M | #80 |
| 1991 | $-62.7M | +$5.4M | #84 |
Detected Pattern
Analysis
Guyana matched the Export Boom Cycle pattern in 2024. Historically, 71% of countries showing this pattern (546 out of 768) saw trade balance improve within 24 months. View full analysis →
Frequently Asked Questions
Guyana's trade balance was $-207.1M in 2005. Ranked 90th globally. This represents a 173.8% decrease from the previous year.
Guyana's trade balance peaked at $29.5M in 1963.
The lowest trade balance in Guyana was $-207.1M in 2005.
Guyana ranks 90th globally in trade balance as of 2005.
The World Bank indicator code is NE.RSB.GNFS.CD. Data sourced from World Bank.
The trade balance of Guyana in 2005 was $-207.1M. This ranks 90th in the world.
Cite this page
@misc{historysaid_guyana_trade-balance,
title = {Guyana Trade Balance},
url = {https://historysaid.com/guyana/trade-balance/},
publisher = {HistorySaid},
year = {2026}
}