Get all your news in one place.
100's of premium titles.
One app.
Start reading
Latin Times
Latin Times
Business
Mateo Moreno

How Guyana Became Richer Per Capita Than the United States

General view of the Staatsolie refinery owned by Suriname State Oil Company in Wanica, Suriname, on September 26, 2022. - Emerging as potential oil powers while the world seeks to wean itself off planet-warming fossil fuels, poverty-striken South American neighbors Guyana and Suriname say they have no choice but to cash in while they can. (Credit: Photo by Ranu Abhelakh / AFP) (Photo by RANU ABHELAKH/AFP via Getty Images)

For most of the 20th century, Guyana was one of South America's overlooked economies — a jungle-blanketed nation of roughly 850,000 people, dependent on sugar, timber, and gold, and among the region's lowest-ranked countries by income per capita. That identity has been dismantled with startling speed. Today, Guyana is one of the fastest-growing economies on earth, and on certain purchasing-power measures, its income per person has surpassed that of the United States. This is not a story of gradual development. It is a rupture.

The Drillbit That Changed Everything

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.