According to the World Bank, Guyana could be a high income, oil-producing economy by 2030 but its development must include an agenda for broad-based growth and social cohesion, where all citizens receive a fair share of growth benefits.
In its first systematic country diagnostic (SCD) published in November 2020 the multilateral organisation posited that projected oil production and revenues could see, Guyana’s GDP rise from US$4.3 billion in 2019 to US$14.0 billion in 2030, with the oil sector alone accounting for US$3.6 billion at the end of the period.
