The world's fastest growing economy may be on track to grow by more than 100% by 2028, largely fueled by profits from its oil production and export sector, according to one analysis.
BMI, a Fitch Solutions research unit, is also of the view that "Guyana will see explosive growth this year," said Andrew Trahan, its head of Latin America country risk.
He expects real GDP in Guyana to rise about 115% in the next five years.
"The exact magnitude of the increase [is] dependent on how quickly additional oil production is brought online," he added.
Guyana's Stabroek Block is a 6.6 million acre offshore oil reservoir off the country's Atlantic coast, and is estimated to hold 11 billion barrels of oil, according to ExxonMobil.
Persons:
Andrew Trahan
Organizations:
International Monetary Fund, IMF, BMI, Fitch Solutions, ExxonMobil, Guyana's
Locations:
Guyana, South America, America