Part 365

Political pressure groups and leaders: Trades Union Congress (TUC); Guyana Council of Indian Organizations (GCIO); Civil Liberties Action Committee (CLAC) note: the latter two organizations are small and active but not well organized

International organization participation: ACP, C, Caricom, CCC, CDB, ECLAC, FAO, G-77, IADB, IBRD, ICAO, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Intelsat (nonsignatory user), Interpol, IOC, ISO (subscriber), ITU, LAES, NAM, OAS, UN, UNCTAD, UNESCO, UNIDO, UPU, WCL, WFTU, WHO, WIPO, WMO, WTrO

Diplomatic representation in the US: chief of mission: Ambassador Dr. Ali Odeen ISHMAEL chancery : 2490 Tracy Place NW, Washington, DC 20008 telephone: (202) 265-6900, 6901 consulate(s) general: New York

Diplomatic representation from the US: chief of mission: Ambassador (vacant); Charge d'Affaires Hugh SIMON embassy: 99-100 Young and Duke Streets, Kingston, Georgetown mailing address: P. O. Box 10507, Georgetown telephone: (2) 54900 through 54909, 57960 through 57969 FAX : (2) 58497

Flag description: green with a red isosceles triangle (based on the hoist side) superimposed on a long yellow arrowhead; there is a narrow black border between the red and yellow, and a narrow white border between the yellow and the green

Economy

Economy - overview: In 1996, Guyana, one of the poorest countries in the Western Hemisphere, posted its fifth straight year of economic growth of 5% or better, with the advance led by gold and bauxite mining and by sugar. Favorable growth factors have included expansion in the key agricultural and mining sectors, a more favorable atmosphere for business initiative, a more realistic exchange rate, a moderate inflation rate, and the continued support of international organizations. Serious underlying economic problems will continue. Electric power has been in short supply and constitutes a major barrier to future gains in national output. The government must persist in efforts to manage its sizable external debt and extend its privatization program.

GDP: purchasing power parity - $1.8 billion (1996 est.)

GDP - real growth rate: 7.9% (1996 est.)

GDP - per capita: purchasing power parity - $2,490 (1996 est.)

GDP - composition by sector: agriculture: 49% industry: 28% services: 33% (1995 est.)

Inflation rate - consumer price index: 4.5% (1996 est.)

Labor force: NA

Unemployment rate: 12% (1992 est.)

Budget: revenues: $209 million expenditures: $303 million, including capital expenditures of $109 million (1995 est.)

Industries: bauxite, sugar, rice milling, timber, fishing (shrimp), textiles, gold mining

Industrial production growth rate: 5.6% (1994 est.)

Electricity - capacity: 157,000 kW (1995)

Electricity - production: 318 million kWh (1995)

Electricity - consumption per capita: 301 kWh (1995 est.)

Agriculture - products: sugar, rice, wheat, vegetable oils; beef, pork, poultry, dairy products; development potential exists for fishing and forestry

Exports: total value: $565 million (f.o.b., 1996 est.) commodities : sugar, gold, bauxite/alumina, rice, shrimp, molasses partners: Canada 33%, US 24%, UK 22% (1994 est.)

Imports: total value: $589 million (c.i.f., 1996 est.) commodities: manufactures, machinery, petroleum, food partners : US 29%, Trinidad and Tobago 17%, Netherlands Antilles 17%, UK 11%, (1994 est.)

Debt - external: $1.5 billion (1996 est.)

Economic aid: recipient : ODA, $NA

Currency: 1 Guyanese dollar (G$) = 100 cents

Exchange rates: Guyanese dollars (G$) per US$1 - 140.3 (February 1997), 141.1 (December 1996), 140.4 (1996), 142.0 (1995), 138.3 (1994), 126.7 (1993), 125.0 (1992)

Fiscal year: calendar year