Guyana’s economy is expected to post another year of rapid expansion in 2026, with real Gross Domestic Product (GDP) projected to grow by 16.2%.
Growth outside of oil is also forecast to remain robust at 10.8%, signalling continued momentum across traditional industries even as petroleum output remains the dominant driver.
Senior Minister in the Office of the President with responsibility for Finance, Dr. Ashni Singh, said the oil and gas industry will continue to anchor national performance. At the same time, activity in agriculture, mining, manufacturing, construction and services is anticipated to stay elevated.
The agriculture, forestry and fishing sector is projected to grow by 7.6% in 2026, supported by expected gains across its main segments.
Sugar is forecast to record the sharpest jump, rising by 67.9%, with production targeted at 100,041 tonnes. Rice output is set at 827,500 tonnes, with the industry projected to expand by 1.8%.
Growth is also anticipated in “other crops,” which is expected to increase by 9.8% on improved performance across key crop categories. Livestock is forecast to grow by 2.6%, while fishing is projected to rise by 2%, helped by increased marine landings and aquaculture output.
Forestry is expected to grow by 7.6%, with timber production targeted at 533,592 cubic metres.
Mining and quarrying are projected to expand by 17.6% in 2026, reflecting ongoing scaling-up in petroleum and growth across other extractive activities.
The oil and gas sector alone is forecast to grow by 17.9%, with four producing FPSOs in the Stabroek Block expected to deliver close to 307 million barrels of crude, equivalent to an estimated average of roughly 840,000 barrels per day.
Within the broader mining industry, gold declarations are targeted at 510,450 ounces, supporting a projected 5.4% increase in output. Bauxite production is expected to climb 19.3% to about 4.8 million tonnes, with larger operators anticipated to contribute higher volumes.
Other mining and quarrying activity is forecast to grow by 10.3%, driven mainly by stronger sand and stone production to supply the country’s construction surge.
Manufacturing growth is projected at 12.9% in 2026, with expansion expected in sugar processing, rice milling and other manufacturing lines. Sugar manufacturing is forecast to mirror the industry’s output rebound at 67.9%, while rice manufacturing is projected to grow by 2.6% and other manufacturing by 13.5%.
Construction is expected to remain one of the strongest engines of activity, with output projected to rise by 25.4% on continued public-sector works and private investment.
Services are projected to expand by 6.8% in 2026, with growth anticipated in financial and insurance activities (11%), wholesale and retail trade and repairs (8%), transport and storage (5.3%), professional, scientific and technical services (23.2%), and administrative and support services (6.9%).
Dr. Singh said the projections align with the government’s focus on sustaining high growth while strengthening the non-oil economy, as investment and production capacity continue to broaden across multiple sectors.
