Overview
- The projection puts Guyana growing at more than five times the pace expected for larger economies such as Brazil, Mexico and Chile.
- The upswing follows major 2015 offshore discoveries by ExxonMobil and Hess that accelerated output and lifted state revenues.
- Oil production is projected to exceed one million barrels per day in 2027, up from roughly 600,000 now, boosting exports and the trade balance.
- Other countries highlighted for 2026 include the Dominican Republic at 4.3%, Panama at 4.1% and Argentina at 4.0%, per the World Bank.
- The IMF cautions that long‑term gains require investment in education, technology and broader diversification to reduce exposure to oil‑price volatility.