Guyana is charting a new path of economic transformation, with record-breaking gross domestic product (GDP) growth driven by oil production, rising non-oil output, and public investment initiatives.

According to an International Monetary Fund report published on Wednesday, Guyana recorded the world’s highest real GDP growth rate, averaging 47 per cent per year since 2022.

The report said real oil GDP increased by nearly 58 per cent in 2024, while real non-oil GDP expanded by over 13 per cent, reflecting solid, broad-based performance in various sectors.

The Guyana Office for Investment on Thursday outfitted the Guyana Embassy in Suriname with a locally made canoe, a selection of Guyanese products, and investment and export promotion information.

This initiative, led by Dr Peter Ramsaroop, Government of Guyana Chief Investment Officer, is being carried out in partnership with the Ministry of Foreign Affairs and International Cooperation and Honourable Hugh Hilton Todd, Minister of Foreign Affairs and International Cooperation.

In addition to joint pursuits in agriculture and oil and gas, Guyana and the Dominican Republic are eager to collaborate in the tourism sector to market a premium tourism destination.

President Dr Mohamed Irfaan Ali said that this commitment was affirmed on Tuesday during his engagement with the DR President,  Luis Abinader.

The head of state said that strategic partnerships and private sector ventures such as these greatly propel Guyana’s evolving tourism and hospitality sector.

Foreign Secretary Robert Persaud received a courtesy call from the Deputy Director for Trade for Development at the Foreign, Commonwealth and Development Office (FCDO) of the United Kingdom, Mr. Paul Whittingham on 30 January 2025. Mr. Whittingham was accompanied by High Commissioner of the United Kingdom Her Excellency Jane Miller. He is in Guyana to participate in the CARIFORUM/UK Sub-Committee on Development Cooperation being held at CARICOM’s Secretariat.