Guyana's Economy Booms as New Offshore Oil Transforms the Country
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Guyana's economy will expand 38% this year due to massive offshore oil deposits.
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Oil production transformed Guyana over the last 5 years, quadrupling the size of its economy.
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Rapid growth is projected to continue with 3 new approved oil fields coming online between 2024-2027.
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Guyana passed laws to set up a sovereign wealth fund and boost spending on education, health and infrastructure.
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With its oil wealth, Guyana may overtake Kuwait as the world's largest per capita crude producer.