13 thoughts on “S8.E32 | Guyana’s Oil Revenue and GDP Growth in 2020”
We hope that Guyana knows how to manage the resources of the oil revenue in the creation of new sources of employment, in infrastructure and road network that link the capital Georgetown with all the regions of the interior of the country and with its border neighbors such as: Suriname, Venezuela and Brazil with modern bridges and border crossings. 🤞
I am really new in economics. That said, I know a thing or two about history. And there is a great risk of becoming like all african contries that had a lot of diamonds and a poor manage economy. Or as you mentioned, venezuela. What is the the the government plan for reinvesting the oil money? Do you think investing in infrasture, education and agriculture as a long investmente plan? I mean, since the soil is very fertile, it should be a priority. The same goes for promoting better housing and city growth. Lastly, what about education? Do you think that it can be done as it was on Korea? High focuse on education and production? Tell me, what you think?
Thanks for the information & Postive new… going fwd Infrastructure,Education,Healthcare housing will allow for the further growth and diversification of this great nation!
You have to give us the figures of the Gross National Product, ( GNP) and purchasing power parity (PPP) to get a true picture of how Guyana's economy performed for 2020. The Gross Domestic Product (GDP) will not give you an accurate picture. Your numbers are still off and you are struggling to produce an accurate report. Please do your research beforehand, and stop embarrassing yourself. Remember, you are on social media, and people are watching you.
Use revenues to implement much-needed infrastructural, education and medical advancements. Promote entrepreneurship, work toward digitizing the economy and improving income inequality. Oil could account for 40% or more of gdp by 2025, which could be great if prices are high, but could turn disastrous in a moment's notice if prices take a turn for the worse and fiscal buffers are not in place. The NFR will be key to smoothing fiscal expenditures in times of negative oil price shocks or any other unforseen shocks. Fingers crossed that Guyanese become more and more engaged in governance and how the economy is being managed. You are doing a fantastic job of bringing people's attention to what's important for the current and future development our beloved 🇬🇾.
Use the oil Money to diversify that economy so that Guyana has several healthy sources of income and not end up being oil dependant and maybe raise Guyana Airways from the dead.
We hope that Guyana knows how to manage the resources of the oil revenue in the creation of new sources of employment, in infrastructure and road network that link the capital Georgetown with all the regions of the interior of the country and with its border neighbors such as: Suriname, Venezuela and Brazil with modern bridges and border crossings. 🤞
I am really new in economics. That said, I know a thing or two about history. And there is a great risk of becoming like all african contries that had a lot of diamonds and a poor manage economy. Or as you mentioned, venezuela.
What is the the the government plan for reinvesting the oil money?
Do you think investing in infrasture, education and agriculture as a long investmente plan? I mean, since the soil is very fertile, it should be a priority. The same goes for promoting better housing and city growth. Lastly, what about education? Do you think that it can be done as it was on Korea? High focuse on education and production?
Tell me, what you think?
Thank you
Guyana has a bright future. Hopefully the profits are invested properly..
When or how can we buy stock in Guyana oil?
Thank you for the update, for those of us that are living outside Guyana but cares about the well being about our country
Thanks for the information & Postive new… going fwd Infrastructure,Education,Healthcare housing will allow for the further growth and diversification of this great nation!
Alot of experts r saying the oil deal is terible and you said its good
Can you go on kaieteur radio and dispute what mister ram is saying cause then I will know who to believe
You have to give us the figures of the Gross National Product, ( GNP) and purchasing power parity (PPP) to get a true picture of how Guyana's economy performed for 2020. The Gross Domestic Product (GDP) will not give you an accurate picture. Your numbers are still off and you are struggling to produce an accurate report. Please do your research beforehand, and stop embarrassing yourself. Remember, you are on social media, and people are watching you.
Use revenues to implement much-needed infrastructural, education and medical advancements. Promote entrepreneurship, work toward digitizing the economy and improving income inequality. Oil could account for 40% or more of gdp by 2025, which could be great if prices are high, but could turn disastrous in a moment's notice if prices take a turn for the worse and fiscal buffers are not in place. The NFR will be key to smoothing fiscal expenditures in times of negative oil price shocks or any other unforseen shocks. Fingers crossed that Guyanese become more and more engaged in governance and how the economy is being managed. You are doing a fantastic job of bringing people's attention to what's important for the current and future development our beloved 🇬🇾.
Use the oil Money to diversify that economy so that Guyana has several healthy sources of income and not end up being oil dependant and maybe raise Guyana Airways from the dead.
Nice Analysis but do you know the currant GDP per capita?