Guyana is expected to remain one of the strongest-performing economies in the Caribbean and the wider Latin America region as oil production continues to expand and economic transformation accelerates, according to the latest Global Economic Prospects report released by the World Bank Group. 

The June 2026 flagship report projects that economic activity across the Caribbean will strengthen despite ongoing global uncertainties, with growth reaching 2.5 per cent in 2026 and averaging approximately 3.9 percent between 2027 and 2028.  

While most Caribbean economies remain vulnerable to higher fuel costs as net energy importers, the report identified Guyana as an exception, citing continued expansion in oil output as a major driver of growth. 

Growth to remain exceptional

According to the World Bank report, “growth is expected to remain exceptionally strong” in Guyana as petroleum production increases and economic activity broadens. The report highlighted that regional recovery is being supported by stronger domestic demand and continued expansion in services, particularly tourism. 

However, Guyana’s performance continues to stand out because of its growing energy sector and strengthening export position. Export performance across Latin America and the Caribbean (LAC) was described as resilient, especially among commodity and energy exporters, including Guyana. 

The World Bank report notes that favourable oil price developments have helped the country’s export earnings and maintain economic momentum. The Guyanese government has repeatedly outlined its intention to use oil revenues to build a diversified economy capable of generating long-term opportunities across productive sectors. 

The June 2026 document reinforces that outlook, positioning Guyana as a major economic growth engine within the Caribbean at a time when many economies continue to navigate inflationary pressures, energy costs and external trade uncertainty.