Guyana - The World's Fastest Growing Economy

Note: It was very difficult to obtain permissible footage of Guyana, meaning you may see some footage that does not depict the country. Instead, footage has been selected to best describe what is being discussed.
Guyana is a country nestled in the northern coast of South America, which has recently found itself being considered as the fastest growing economy in the world, according to several reports. In this episode, we will discuss exactly why the country has been experiencing such tremendous growth. In fact, in 2022 its GDP is estimated to grow a whopping 58%. Moreover, we will also look through the possible drawbacks deriving from such rapid growth, as well as ways Guyana can maintain its economy growing.
Chapters:
0:00 Introduction
1:11 Oil Discovery
3:30 Guyana's Industries
4:50 Economic Potential
5:50 Drawbacks
7:53 Conclusion
Sources:
pastebin.com/QdwE9rpS

[@jayyy3456]

One correction. The current contract is 50/50 profit oil and a 2% royality. The quoted contract in the article will be for future oil blocks brought to production.

[@economicview]

You are correct, it has been that way since 2016. This should have been mentioned in the video. Thank you for the comment

[@7xig]

ofc someone named random statistics is gonna get the facts straight

[@fade4119]

I'm from Guyana is actually 48% ExxonMobil 50% Guyana 🇬🇾 and 2% Royalty

[@7xig]

@@fade4119 so in other words exactly what the comment already said. it's 50/50 with a 2% royalty.

[@marshalmathers4302]

I have no idea what you guys are talking about I just see Guyana n I click the video hahaha

[@rafaelmartinez1893]

Guyana: finds oil America: did someone say they needed democracy

[@DCampusano1]

😂😂

[@nkipmo1154]

💀💀💀💀💀

[@dulajohnstone5704]

USA...let's replace that evil dictator and replace with an Americanized democracy

[@amazonwarrior7126]

Well venezuela is teaching us about democracy

[@capppppps]

Im part Guyanese (my mom is) a apreciate this video!!

[@trevinmcintosh8796]

Some of those poverty videos r not guyana!!!!!!

[@romemeka]

Why is this considered a Miracle. It was always there. And those images at the begining is not Guyana. None of the images are

[@DJ2688]

Glad I’m not the only one that saw that! The oil tanker was in Venezuela

[@Zeltonn]

Bro, did you look at the description? He said it isn't going to match your country, it is just to describe what is being discussed.

[@johnabrams535]

Not 1 image is from Guyana , who made this videp

[@kenaanwilliams3245]

That video at the beginning with the shacks don’t look like Guyana at all it’s like they put that in there to make us look pooor

[@JamesRussell-ut7jc]

My portfolio has good companies, however it has been stalling this year I have approximately $600k stagnant in my reserve that need growth.

[@Stevekumuri]

You are right! I diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above 1.3m in net profit across high dividend yield stocks, ETF and bonds.

[@Clifford1278]

That's impressive! I could really use the expertise of this advisor, my portfolio has been stagnant... Who is the person guiding you?

[@maryliti]

*DEBORAH STAVARACHE CASTRO* is the analyst/brokerage-adviser. She has been of great help and her tutelage has brought me to a higher understanding of profit generation. She Understands the job perfectly.

[@amazonwarrior7126]

we have been diversefy the economy a long time, and a drop in oil prices would not harm us as To extract a barrel cost 25 us dollars the lowest in the world, no country is lower to extract oil.

[@icetrip2417]

Yessir

[@mruhuji]

Arab oil cost per barrel is only USD5 to 8

[@amazonwarrior7126]

@@mruhuji maybe but arab oil is heavy oil where as our crude is light and require very little refineing.

[@lilato8921]

Freedom is about to come 🇺🇸🦅

[@edgar2441]

😂😂

[@5yfgh7hcbbg]

Love from India

[@PrincessG1]

Those images at the beginning is absolutely not Guyana.

[@zioncar771]

Thanks for Reminding us that Guyananese People were once Enslaved by britain.

[@amazonwarrior7126]

my BOGA, were we inslaved by uk, ? no wonder I cant sleep good

[@andrelowe5577]

And still people suffering smh🙄

[@Zeltonn]

bro, I heard that sweet peppers were like 9800 somewhere... (4 weeks or more ago)

[@TevinC814]

Gdp has nothing to do with how well individuals are living. Gdi is a better measure and everyone ignores it.

[@The-Heart-Will-Testify]

Because Europeans own the gpd

[@strateeg32]

The question is if this money actually will go into the actual economy or will flow out or flow to a small number

[@amazonwarrior7126]

The question is how come the economy is growing so fast when a few men are supposed to be pocketing the money

[@goptasingh3092]

But the dollar remain the same value before this and still is the same value today. This make no sense.

[@shamarerskine3987]

guyana's government is responsible for that

[@jaheimj6186]

It's to prevent putting us in a bad economic situatiion

[@The-Heart-Will-Testify]

That's the problem, they depend on dollar 😂

[@bassitexpress]

So this is a video with incorrect video footage . I am familiar with this country . Please correct your footage . Hope your facts are correct .

[@winstonmaraj8029]

The one thing that Guyana needs and doesn't have-the people. Those that are there need to educate its people - cultural most of all. But they can really become something special.

[@amazonwarrior7126]

hi Maraj, most Guyanese are educated already

[@winstonmaraj8029]

@@amazonwarrior7126 Really? To what level? Primary school?

[@waynewilliamsxpertsplashman]

Guyana is one of the smartest Caribbean countries

[@Lando-kx6so]

It does, many Guyanese are quite educated but the majority of the most highly educated live overseas

[@winstonmaraj8029]

@@Lando-kx6so Thaz the point - we need to get them to Guyana and armed with their education, knowledge and skill to tie in with funds, lands and other resources from the Government side to make many successes in and for Guyana.

[@kingiflawentertainment9253]

First man to say it first

[@khaytirayay6814]

How could Huyana have been so poor when there is gold, bauxite and oil?

[@Alexi-Raener93]

The reason behind the situation can be succinctly explained by the term "corruption." Additionally, it is important to note that the correct spelling of the country in question is "Guyana," as opposed to "Huyana."

[@adamjayson2007]

That's the problem people don't know anything about our country.

[@frankkissoon8976]

Poor leadership

[@MJ-px2df]

@@Alexi-Raener93 actually, it's Guyana not G.U.Y.A.N.A

[@Alexi-Raener93]

@@MJ-px2df Wow, I can't believe you actually bothered to read my comment. I mean, if you had actually paid attention, you might have comprehended what I was saying.

[@kozakuchan1745]

Can u make a video on Trinidad and Tobago please

[@economicview]

Perhaps in the future. Thank you for the suggestion.

[@DJ-sw5hg]

Why?

[@randysingh6548]

trinidad oil finish, this video is about guyana. Guyana is the oil booming country now.

[@NaSaSh1087]

@@randysingh6548 does Suriname have oil?

[@ronnydoekhi3367]

@@NaSaSh1087 yes, we have oil and a state oil company called Staatsolie for 40 years now. Oil discoveries are even as in Guyana very promising. There is also gas.

[@ImagineTheSeaView]

I feel there will be freedom of delivery from the USA with this oil

[@Sthmohtwenty]

So was d ppl got from disssss

[@nick-du4bs]

Who made this Guyana can also produce a lot of agriculture which means Guyana alone, can feed the entire Caribbean

[@If_I_Can_Get_This_Shot_You_Can]

Food shouldn't be a problem for the Caribbean

[@sm3675]

Yes, but manufacturing has more money. Building infrastructure can make Guyana a manufacturing hub

[@kenaanwilliams3245]

Those shacks at the beginning of the video doesn’t look like the Guyana I know at all 🤣

[@johnturston288]

Nt Guyana

[@jasonreece7871]

Why are you using images from other countries to talk about guyana

[@economicview]

Because there is nearly zero stock footage of the country, unfortunately. So there will be times where I use footage that best describes what is being said.

[@mervingrimes2577]

Use the net bro there is lot of images of our country out there

[@Alexi-Raener93]

@@mervingrimes2577 Did you even read the comment?

[@salatee1]

Where at 0:24 is that taken from certainly not Guyana.

[@javierrobalino123]

Was there for 1 month last year, the capital is old, most gov buildings are wood construction, old at least 80 years!!! Nothing much to do there. Raw food in local markets is not cheap as expected, 1 pound of small tomatoes, peppers, $5-$6, 1 small box of strawberries $10,….etc etc Eating at a local restaurant you are looking at around $12 a plate in the low end.

[@enioko3220]

They should learn from the Arabs how to turn around their country using oil wealth and learn from Nigeria how not to use oil wealth.

[@paulomendes51]

Fake Images …!!!

[@russelally9165]

Im from gy 🇬🇾🇬🇾

[@zakariaerrami]

Who cares

[@craigfrancis9578]

I hope soon our gas in the Caribbean goes low

[@TTRebel365]

Hi, make a similar video about 🇹🇹 Trinidad and Tobago please.

[@randysingh6548]

Trinidad do not have no more oil so how will he make similar video.

[@NaSaSh1087]

@@randysingh6548 what happened to their oil?

[@Zeltonn]

@@NaSaSh1087 They couldn't even maintain their own wealth. They did student grants and payed student loans, giving free lunches in school(was also paying for that). So the money eventually tinned out and they were bankrupt and TT got only worse lol. plus the oil, idk what REALLY happened to it but it also tinned out I think? I could be wrong.

[@Alexis-ln2hp]

Don't ask them to do a video. Some of those images were not of Guyana. They'll probably spread lies about T&T.

[@Zeltonn]

@@Alexis-ln2hp Lady, you need help or god.

[@Sonturist]

These images aren’t from Guyana, where are these shacks from dude? Think lush greenery, the roads are mostly mad but the houses are pretty good.

[@anthonysimpson4084]

That’s a bad contract by the government of GT

[@The-Heart-Will-Testify]

They don't have nuclear so they must follow order

[@amazonwarrior7126]

Antony Simson its just one oil block for heaven sake, the other oil blocks are different, and we are getting rich from this one oil block already

[@andresaul125]

The deal was a shit deal on Guyana side.

[@shobanarine7322]

Worker citezen no insurance.

[@wayneanthonymunro4672]

My friends migrated to guyana however they have all came back home with much less money 😭

[@Davidsime168]

Lol

[@Zesser4k]

We did get oil, but the cost of living got higher instead of lessoning.. its crazy

[@Zeltonn]

🤣🤣🤣🤣

[@Zesser4k]

@@Zeltonn i laugh more than you.. its bad, like really bad.. i love my country but oh my, this needs to stop.. we need to feel the freedom trough our resources given to us..

[@Zeltonn]

@@Zesser4k true...

[@shobanarine7322]

Property expensive e

[@subhranshuganguly2246]

Indian Reliance petrolium should buy out Exon Mobil. We have a PM whois Indo Guyanese .Also he has studued in India. India should only buy oil from Russia and Guyana,

[@Alexi-Raener93]

What?

[@jasonlives6923]

Seeing as how Guyana has a huge population of Indians, it would only make sense for India to do business with Guyana. I wouldn't mind doing business with Russia as well.

[@randysingh6548]

Yes guyana should do business with India. We have similar culture with the indo guyanese population. I think guyana and suriname is set to do more business with india. India economy is on the rise just like guyana.

[@jasonlives6923]

@@randysingh6548 kick the west of the country and do business with India and Russia. Skeldon Guyana native by the way.✌

[@stardust2045]

@@jasonlives6923 If Guyana isn't doing business with the West,it's doing with China. It's only between this two. Indian economy is nowhere near as large to be a power on its own. Even today,India still rely on China for basic goods.

[@joycechin4747]

Y'all keep lying about economy growing when all the oil money is going in everybody else's packet but the country

[@shobanarine7322]

Cheap labors. . E wry cost of living rxpensive

[@tiwarankin6566]

Hope they don't do like Trinidad and Tobago and waste their resources

[@selwynmccurdy1591]

Those videos are not from Guyana

[@boysingh3688]

We badly need a GOOD LEADER TO PROTECT THE PEOPLES WEALTH AND OIL IN GUYANA. WE NEED A JAGAN OR BURNHAM TO TELL THE OIL COMPANIES PAY UP OR GET THE HELL OUT OF OUR COUNTRY. ALI SHOULD RESIGN AND JAGDEO SENT TO SIBERIA. MAKE THE PRIEST GUY THE PRESIDENT. HE IS A NO NONSENSE. PERSON. WE MUST ACT NOW. WE ARE BEING ROBBED OF OUR WEALTH. GOD HELP US.

[@ItachiUchiha-ff5yb]

Filled with Political Corruption.

[@samuelhamilton3233]

The economy is growing too quickly for its population to catch up! The people remain just as poor!

[@winstonalex3992]

💀💀😂

[@christinedefreitas9722]

All lies dont believe a words there are extreme poverty and its impossible to get a job with one of companies

[@rudolphtearback2486]

Guyana is getting 2 present what the hel you talking

[@europaeuropa1858]

Let the Brits continue to preach "poor country" they are jealous and wish they were there to control the local economy

[@janoandy]

Guyanese did not benefit frm nun of this oil yet🤔🤔🤔

[@shennyjohn4038]

The first part of the is not guyana

[@2usafguy]

All the stock photos and videos here are fake images. Love the images of a desert like landscape in a country that has no desert. Try again. You're undermining your credibility.

[@kimberly5701]

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[@Zeltonn]

I gotta admit, but you are in the wrong comment section.

[@Alexis-ln2hp]

That image of burnt up buildings was not Guyana..stop the bullshit. They were not that poor

[@Video17943]

Guyana too expensive

[@mayelabantuqueen832]

please LEAVE OUR People ALONE !!!!!! go studi usa economi growth and risk, there is a lot to do for sure ....no need of your analysis , by by !!!!!!!!!!!!!

[@jasonlives6923]

I agree. Getting involved with the US is a bad idea.

[@larrose9377]

I just watched the beginning of this crap. The narrator is talking about guyana and showing videos of some other country.

[@economicview]

There is an extremely small amount of stock footage showcasing Guyana, so for many cases I choose footage that best matches what is being discussed.

[@kayciabowen7735]

I'm here saying the same thing these fly by night documentaries need to leave Guyana alone let us tell our own story. No one was interested in us when we where called on of the poorest country in the world.

[@pakoalouimarikika988]

talk to chinese

[@Zeltonn]

ching chin cheng wong, bing chilling....

[@d.b7861]

Well guyana is a big corrupt country, crime rate is maximum high , inflation sky rocking, too much government spending, currency has no value and its devalue more , poverty rises , agriculture falling to the grown , and government and private sector rises , Middle class and poor fall to poverty .

[@the_batmobile0.4]

With all this and yet still one of the poorest country and 3rd worl

[@samright4305]

The black people in the country who owns the country is not benefiting from this money so stop chasing views... mzungus need to be policed in all black nations.

[@fun2s520]

Dear Sir Give me link or email id of Hr I will apply for job

[@economicview]

I think you are asking these things in the wrong place. Best of luck though!

[@fun2s520]

@@economicview Ok I couldn't guess proper