Export earnings from the production and export of locally made commodities could reach US $7 billion this year. This is as Guyana strives to overcome the pervasive challenges posed by COVID-19. Also, as they implement appropriate frameworks and steps to guard against any eventualities that may arise as time passes.
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Using current basic prices as a benchmark, authorities estimated that Guyana could earn approximately US $7,792,800,000 by the end of this year. This amount will represent a 55 percent increase over last year’s revenues totaling US $4,352,000,000.
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Guyana’s earnings in 2021 were primarily driven by oil export returns, which increased by 179.6 percent to US $2,975.5 million [US $2.9 billion] due to increases in both volume and price.
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