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Zenger
Zenger
Business
Lennox Kalifungwa

Guyana’s Economy Set To Double In Size, Driven By Booming Oil Industry

As the world’s fastest-growing economy, the small South American nation of Guyana is projected to double in size over the next five years, driven primarily by its burgeoning oil industry. PHOTO  BY TECH DAILY/UNSPLASH

As the world’s fastest-growing economy, the small South American nation of Guyana is projected to double in size over the next five years, driven primarily by its burgeoning oil industry.

A recent report by CNBC indicates that Guyana, a country with close to 800,000 inhabitants, is expected to expand by a remarkable 38% by the end of the year. This rapid growth trajectory is echoed in the International Monetary Fund’s (IMF) latest GDP predictions.

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