{"id":28155,"date":"2026-01-27T11:54:42","date_gmt":"2026-01-27T15:54:42","guid":{"rendered":"https:\/\/ncnguyana.com\/2023\/?p=28155"},"modified":"2026-01-27T12:46:28","modified_gmt":"2026-01-27T16:46:28","slug":"guyanas-non-oil-economy-grew-by-14-3-per-cent-in-2025","status":"publish","type":"post","link":"https:\/\/ncnguyana.com\/2023\/guyanas-non-oil-economy-grew-by-14-3-per-cent-in-2025\/","title":{"rendered":"Guyana\u2019s non-oil economy grew by 14.3 per cent in 2025"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n\n<p>In 2025, Guyana\u2019s non-oil economy grew by 14.3 per cent, marking a notable improvement from the 13.1 per cent recorded in 2024.<\/p>\n\n\n\n<p>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.<br><br>This increase contributed to an overall national economic expansion of 19.3 per cent for the year.<br>The minister said that the country\u2019s 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.<br><br><strong>\u201cGrowth in the non-oil economy in 2025 was driven largely by agriculture, mining, construction and services,\u201d <\/strong>Dr Singh said.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"742\" height=\"522\" src=\"https:\/\/ncnguyana.com\/2023\/wp-content\/uploads\/2026\/01\/WhatsApp-Image-2026-01-26-at-4.43.45-PM.jpeg\" alt=\"\" class=\"wp-image-28136\" srcset=\"https:\/\/ncnguyana.com\/2023\/wp-content\/uploads\/2026\/01\/WhatsApp-Image-2026-01-26-at-4.43.45-PM.jpeg 742w, https:\/\/ncnguyana.com\/2023\/wp-content\/uploads\/2026\/01\/WhatsApp-Image-2026-01-26-at-4.43.45-PM-300x211.jpeg 300w\" sizes=\"(max-width: 742px) 100vw, 742px\" \/><figcaption class=\"wp-element-caption\">Senior Minister in the Office of the President with Responsibility for Finance, Dr Ashni Singh<\/figcaption><\/figure>\n<\/div>\n\n\n<p>The agriculture, forestry and fishing sector grew by 11.5 per cent.<br><br>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.<br><br>The sugar growing sub-sector continues to show resilience with a 26.5 per cent expansion.<br>Although production was hampered by heavy rainfall, labor shortages, and mechanical issues at various factories, the sector managed to produce over 59,000 tons.<br><br><strong>\u201cIn 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,\u201d<\/strong> the finance minister added.<br><br>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2025, Guyana\u2019s 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&hellip;<\/p>\n","protected":false},"author":1,"featured_media":28133,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[468,572,536,350],"tags":[488,573,537,574,370,412,405,576,575],"class_list":["post-28155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-agriculture","category-budget-2026","category-finance","category-news","tag-488","tag-agriculture","tag-budget-2026","tag-fisheries","tag-guyana","tag-ncn-guyana","tag-ncn-news","tag-rice-sector","tag-sugar"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/28155","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/comments?post=28155"}],"version-history":[{"count":2,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/28155\/revisions"}],"predecessor-version":[{"id":28176,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/28155\/revisions\/28176"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media\/28133"}],"wp:attachment":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media?parent=28155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/categories?post=28155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/tags?post=28155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}