Guyana Is World’s Most Booming Economy — And Is Set to Grow 38% This Year
- Massive crude deposits first drilled by Exxon transform Guyana
- Last year economy grew 62%; boom forecast to last for years
Shoppers walk past vendors at the Stabroek Market in Georgetown, Guyana.
Photographer: Eilon Paz/BloombergThis article is for subscribers only.
Guyana’s economy will expand 38% this year as a wave of oil wealth transforms the South American nation, the International Monetary Fund said Monday.
Massive offshore oil deposits first drilled by Exxon Mobil Corp. in 2015 have allowed the economy to quadruple in size over the last five years, with rapid growth projected to continue for some time.