Dear Editor,
The strength of any national economy is directly linked to the policy direction of the sitting Government, particularly its management of economic development, investor confidence, and national security. The recently released 2025 Mid-Year Report once again confirms the remarkable performance of Guyana’s economy.
According to the report, overall real GDP grew by an estimated 7.5 per cent in the first six months of 2025, with total real GDP growth for the full year projected at 15.2 per cent. Equally noteworthy is the performance of the non-oil economy, which expanded by 13.8 per cent in the first half of the year and is projected to grow by 13.9 per cent for all of 2025. This marks the fifth consecutive year of strong growth in both the oil and non-oil sectors.
These outcomes are not accidental. They reflect the clear and deliberate policy direction of the PPP/C Government under the leadership of President Irfaan Ali. There is an inimitable connection between the Government’s strategic priorities and the results we are now witnessing across every major sector.
President Ali has repeatedly emphasised the importance of building an economy that is resilient and diversified, one that will thrive long after oil production tapers. He has identified several pillars that support this vision, including empowering small businesses and communities; advancing energy security and the green transition; promoting innovation and digital transformation; and expanding tourism, the creative sector, and the blue economy.
Government investment in these areas is already bearing fruit. The manufacturing sector continues to outperform expectations, reflecting both private-sector confidence and a supportive business climate. The construction sector, boosted by the Government’s aggressive housing programme and strong private investment, recorded an impressive 29.9 per cent growth in the first half of 2025. This includes the ongoing development of new housing schemes and multiple hotels now under construction.
The services sector also demonstrated steady expansion, growing by 6.6 per cent in the first half of the year. Increases were noted in wholesale and retail trade, administrative support services, finance and insurance, and professional and technical services, clear evidence that citizens and businesses across Guyana are participating in and benefiting from this growth.
Confidence in the economy is further reflected in rising banking credit, with real estate mortgages increasing by 11.4 per cent to $173.5 billion and similar surges in lending to the private sector and private citizens.
I am extremely proud of the Government’s proactive commitment to economic diversification, expanding agriculture, strengthening food security, developing tourism, and supporting small businesses and the yielded results. The expansion of Guyana’s private sector is evident, and it is clear that the initiatives of the Government are clearly working.