Oil and Gas Revenues Push Guyana H1 GDP Up 50%

Guyana booked an increase of 49.7% in its real gross domestic product for the first half of the year, led by oil and gas revenues, the country’s government said in an update. Growth in the oil and gas sector specifically stood at 67.1%, local media reported, while growth from the non-oil part of the economy stood at 12.6% over the six-month period. Guyana has seen its GDP triple over the past three years as oil production began in earnest. Commercial production began in 2019, and since then, it has ramped up fast. Between 2019 and 2023, output…