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Guyana to be fastest growing country in the world next year at 86%


Guyana to be fastest growing country in the world next year at 86%

 


Guyana’s GDP is expected to be more at 86% in 2020 after expanding 4.4% in 2019, International Monetary Fund (IMF) said.

This growth expectation had done after Exxon Mobil Corp.’s discovery of oil at Guyana. Government to set up sovereign wealth fund to invest surplus. Guyana’s economy will grow more than three times within five years.

Guyana’ GDP is to get fourteen times as fast as China’s GDP in 2020.

Guyana is a country of 780,000 Population and neighbors countries are brazil and Venezuela.

The oil sector will represent about 40% of the economy within five years.

It crosses $4billion annual Gross domestic product (GDP) and also it will expand to about $15 billion by 2024.