Guyana's Big Growth: More Than Just Oil

Guyana's economy is soaring, with a 19. 3% growth in 2025. This is the sixth straight year of double-digit growth, but the oil sector, which has been the main driver, is slowing down. In 2025, oil grew by 21%, which is less than the 57. 7% growth in 2024. But other sectors like agriculture, mining, construction, and services are stepping up, growing by 14. 3%. Oil production in Guyana is still a big deal. In 2025, the country produced 261. 1 million barrels, up from 225. 4 million in 2024. This increase is partly due to a new project by ExxonMobil that started in August. Exxon and its partners control all of Guyana's oil production. Guyana exported 260 cargoes of crude oil in 2025. The government got 32 of these cargoes from its share of the oil. Each cargo has about one million barrels, so that's a lot of oil!Oil will continue to be a major part of Guyana's economy in 2026. A new offshore project is starting this year. Exxon raised Guyana's oil production to more than 900, 000 barrels per day last year. This new project aims to increase production to up to 1. 15 million barrels per day. The government is planning to spend a lot on infrastructure. They want to build 40, 000 homes over five years and expand road networks. So, even though oil growth is slowing, the economy is still doing well. Guyana is the newest oil producer in Latin America. In just a few years, it has become the fifth-largest crude exporter in the region. That's a big deal!