Guyanese Current Account Deficit To Reach Surplus As Oil Helps Exports Surge

Fitch Solutions forecasts Guyana’s current account deficit will narrow from 11.5% of GDP in 2020 to 6.8% in 2021 and 3.2% in 2022.
Guyana’s current account deficit will flip to a surplus in 2023 due to receipts from booming oil exports.
Imports are also forecast to also grow as the country emerges from the pandemic and economic activity generates higher demand for foreign goods.