{"id":26056,"date":"2025-02-01T21:51:30","date_gmt":"2025-02-01T21:51:30","guid":{"rendered":"https:\/\/ncnguyana.com\/2023\/?p=26056"},"modified":"2025-02-01T21:51:31","modified_gmt":"2025-02-01T21:51:31","slug":"president-ali-highlights-economic-growth-beyond-oil-sector","status":"publish","type":"post","link":"https:\/\/ncnguyana.com\/2023\/president-ali-highlights-economic-growth-beyond-oil-sector\/","title":{"rendered":"President Ali Highlights Economic Growth Beyond Oil Sector"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n\n<p><em>December 30, 2024<\/em><\/p>\n\n\n\n<p>President Dr. Irfaan Ali has attributed Guyana&#8217;s rapid economic growth to a combination of the thriving oil and gas sector and strong investments in the non-oil economy. <\/p>\n\n\n\n<p>In a live broadcast on Sunday night, the President emphasized the government&#8217;s commitment to creating a diversified economy that does not solely rely on oil income.<\/p>\n\n\n\n<p>While Guyana has seen exceptional growth since oil production began in 2019, the non-oil sector has also contributed significantly to the country&#8217;s economic expansion. <\/p>\n\n\n\n<p>According to Dr. Ali, the non-oil real GDP grew by 41 percent between 2019 and 2024, showcasing the effectiveness of the government&#8217;s diversification strategies.<\/p>\n\n\n\n<p>Specific sectors that have seen impressive growth include agriculture, which grew by 17 percent; services, with a 28 percent increase; construction, which soared by 138 percent; and mining, which surged by 153 percent over the past four years.<\/p>\n\n\n\n<p>Dr. Ali pointed out that the economic progress has translated into benefits for the population, including job creation, increased homeownership, and a wide range of ancillary advantages. <\/p>\n\n\n\n<p>Additionally, the country&#8217;s export earnings have risen by 163 percent, further bolstering non-oil GDP.<\/p>\n\n\n\n<p>Looking ahead, the President reiterated his government&#8217;s commitment to implementing policies that will continue to stimulate economic growth and improve the livelihoods of all Guyanese.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>December 30, 2024 President Dr. Irfaan Ali has attributed Guyana&#8217;s rapid economic growth to a combination of the thriving oil and gas sector and strong investments in the non-oil economy.&hellip;<\/p>\n","protected":false},"author":4,"featured_media":25090,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[366,363,350],"tags":[],"class_list":["post-26056","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-local-development","category-national-transformation","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/26056","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/comments?post=26056"}],"version-history":[{"count":1,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/26056\/revisions"}],"predecessor-version":[{"id":26057,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/26056\/revisions\/26057"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media\/25090"}],"wp:attachment":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media?parent=26056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/categories?post=26056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/tags?post=26056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}