2022
Flag  
GDP
$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH
83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
 GDP
$15.4BCURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP GROWTH
278%CURRENT US$
Rnk 1 / 186
2022
Flag
GDP PC 
$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH
92.5%CURRENT US$
Rnk 10 / 186
2022
Flag
GDP PC
$18,990CURRENT US$
Rnk 53 / 186
2012-2022
Flag
GDP PC GROWTH
248%CURRENT US$
Rnk 1 / 186

About

Armenia-Guyana In 2022, Armenia exported $51.1k to Guyana. The main products that Armenia exported to Guyana are Liquid Pumps ($23.2k), Broadcasting Equipment ($21.7k), and Centrifuges ($4.83k). During the last 22 years the exports of Armenia to Guyana have increased at an annualized rate of 39.8%, from $32 in 2000 to $51.1k in 2022.

In 2022, Armenia did not export any services to Guyana.

Guyana-Armenia In 2022, Guyana exported $109 to Armenia. The main products that Guyana exported to Armenia were Wood Ornaments ($84) and Other Processed Fruits and Nuts ($25). During the last 22 years the exports of Guyana to Armenia have decreased at an annualized rate of 5.71%, from $397 in 2000 to $109 in 2022.

In 2022, Guyana did not export any services to Armenia.

Comparison In 2022,  Armenia ranked 74 in the Economic Complexity Index (ECI -0.24),  and 122 in total exports ($5.78B). That same year, Guyana ranked 80 in total exports ($18.5B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Armenia exported $51.1k to Guyana. The main products exported from Armenia to Guyana were Liquid Pumps ($23.2k), Broadcasting Equipment ($21.7k), and Centrifuges ($4.83k). During the last 22 years the exports of Armenia to Guyana have increased at an annualized rate of 39.8%, from $32 in 2000 to $51.1k in 2022.

In 2022, Guyana exported $109 to Armenia. The main products exported from Guyana to Armenia were Wood Ornaments ($84) and Other Processed Fruits and Nuts ($25). During the last 17 years the exports of Guyana to Armenia have decreased at an annualized rate of 5.71%, from $397 in 2005 to $109 in 2022.

Exports from Armenia (Flag) to Guyana (Flag) (2022)

Exports from Guyana (Flag) to Armenia (Flag) (2022)

Market Competitiveness

Color
Armenia
Top Destination
Russia$2.36B
Guyana
Top Destination
Panama$5.84B

This map shows whether countries import more from Armenia or Guyana. Each country is colored based on the difference in imports they receive from Armenia and Guyana or the difference in the growth in imports.

In 2021, countries that imported more from Armenia than Guyana were Russia ($2.36B), Georgia ($260M), and Switzerland ($257M).

In 2021, countries that imported more from Guyana than Armenia were Panama ($5.84B), Netherlands ($2.86B), and United States ($2.37B).

Difference in imports from Guyana (Flag) and Armenia (Flag) (2022)

Comparative Advantage Armenia - Guyana

Flow
Scale

This chart compares trade between Armenia and Guyana by product, considering products traded by both, Armenia and Guyana.

During 2022, Armenia had a large net trade with Guyana in the exports of Machines ($49.7k) and Transportation ($1.34k).

During 2022, Guyana had a large net trade with Armenia in the exports of Wood Products ($84) and Foodstuffs ($25).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Armenia has comparative advantage over Guyana. Similarly, the more yellow a dot/product is, the more Guyana has comparative advantage over Armenia.

Product Space of Armenia (Flag) and Guyana (Flag) (2022)

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