In 2025, Guyana’s non-oil economy grew by 14.3 per cent, marking a notable improvement from the 13.1 per cent recorded in 2024.

This was announced by Senior Minister in the Office of the President with Responsibility for Finance, Dr Ashni Singh, during his presentation of Budget 2025 on Monday.

This increase contributed to an overall national economic expansion of 19.3 per cent for the year.
The minister said that the country’s overall real economic growth continues to be supported by strong expansion in oil and gas activity, as well as sustained growth across the non-oil sectors of the economy.

“Growth in the non-oil economy in 2025 was driven largely by agriculture, mining, construction and services,” Dr Singh said.

The agriculture, forestry and fishing sector grew by 11.5 per cent.

This success was felt across every sub-sector, from livestock to high-value crops. Despite global price fluctuations, the rice industry delivered its best year on record. Production hit 810,299 tons, a growth of 15.7 per cent, supported by steady yields of 6.6 tons per hectare and government-supported fertilizer subsidies.

The sugar growing sub-sector continues to show resilience with a 26.5 per cent expansion.
Although production was hampered by heavy rainfall, labor shortages, and mechanical issues at various factories, the sector managed to produce over 59,000 tons.

“In the fishing industry, an estimated growth of 6.5 per cent was recorded for 2025, with an expansion in marine fish production and aquaculture outweighing a contraction in marine shrimp output. Marine fish production expanded by 16.7 per cent and aquaculture production by 52 per cent,” the finance minister added.

The livestock industry also posted strong numbers, expanding by 12.5 per cent as poultry and beef production hit new heights following the successful management of previous bird flu outbreaks.