The World Bank says Guyana is experiencing exceptionally rapid and sustained economic growth since 2020, driven by the scaling up of offshore oil production. Multiple outlets report that the bank highlights Guyana as a standout performer within Latin America and the Caribbean, with growth rates that separate it from other economies in the region.
In the World Bank’s latest Latin America and the Caribbean Economic Update, reported by outlets including INews Guyana and Guyana Chronicle, the country’s performance is linked to the ongoing oil boom. Kaieteur News adds a specific projection, stating that Guyana’s real GDP is expected to grow by 23.7% in 2026, reinforcing the view that it is likely to remain the fastest-growing economy in the region during the period covered by the report.
While the outlets focus on different elements—overall growth since 2020 versus the 2026 projection—they all attribute the expansion primarily to increased offshore oil output and position Guyana at the top of regional growth rankings.
