Guyana: the factor-driven economy

Change in structure

A particularly interesting feature of the Guyana economy is the growth that it has exhibited over the last several years.  As was pointed out in last week’s article, much of the growth has been in the non-traditional industries of the economy.  That reality points to a change in the structure of the economy, and that the economy depends less on the production of agriculture and primary commodities and more on other industries.  By way of comparison, agriculture and mining accounted for 50 per cent