This year’s export earnings could exceed $7 billion. – iKnow Guyana

2022-05-21 Newsfeed

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 and implements 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, representing a 55 percent increase over revenues totaling US $4,352,000,000 earned last year.

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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