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           Economy

     Guyana relies heavily on agriculture exports to sustain its economy. The main products exported by Guyana are rice and Demerara sugar, bauxite mining, gold mining, timber, shrimp and minerals. The sugar industry accounts for 28% of all export earnings. Many industries have a large foreign investment, namely by US, Canadian and Korean companies.

The production of natural latex was once big in Guyana, but most of the balata (natural latex) has been dried up in the North West District and Kanuku Mountains.

The Guyanese economy continues to exhibit modest growth rates since its economic collapse in the late 20th century.

 

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Updated: 6 June 2008


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