Guyana

Guyana is an agricultural and industrial country. The basis of the economy is agriculture and bauxite mining. In addition to mining, the sugar industry stands out. Domestic transport is mainly automobile. Sea transport is also important.

Agriculture, forestry and fishing account for a quarter of Guyana's gross domestic product and generate about half of all export revenues. Although about a quarter of the working population is employed in the agricultural sector of the economy, the area of agricultural land does not exceed 1% of the country's territory. The main agricultural crop of Guyana is sugar cane. The main importers of Guyanese sugar are EU countries and Canada. Black molasses and rum are also obtained from sugar cane. Rice is the second agricultural crop of Guyana after sugar. There are 75 rice factories in the country. Rice forms the basis of the local diet, despite the fact that a significant part of it is exported. Rice farms are mostly small, with an area of less than 3 hectares each, although the number of large mechanized farms is growing. Coconut palms, tobacco, coffee, cocoa, citrus fruits, vegetables, bananas and grains are also grown. Beef cattle breeding is developed in the savanna, and dairy — in the coastal strip.

Large-scale logging in the recent past has largely depleted the country's rich forest resources. In Guyana, the so-called iron tree grows, the durable wood of which is used in shipbuilding, for the manufacture of machine parts and underwater structures. Harvesting of Guinea carp (crab tree) and high mora wood is underway. It is practiced to cut rubber plants in order to extract hevea juice (latex coagulation product).

Electricity production in the country is about 220 million kWh.

In 2015, the Lisa-1 oil field was discovered by ExxonMobil, and in 2016 the Lisa-2 field was discovered. For 2023, oil reserves in Guyana are estimated at 11 billion. barrels, thereby making Guyana strange with the largest reserves of offshore oil in the world. Oil production is rapidly increasing, in 2020 Guyana produced about 66 thousand barrels per day, and by 2023 it reached the mark of 383 thousand barrels per day.