RETURN TO CIRCULATING CJPY REPORTS DESK 'RE ERDr To REP OR -rD FILE COPY WITHIN ONE WEEK 1)OCU19ENT OF INTERNA}TIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL DEVELOPMENT ASSOCIATION Not For Public Use Report No. 242a-GUA CURRENT ECONOMIC POSITION AND PROSPECTS OF GUYANA (in two volumes) Volume II STATISTICAL APPENDIX AND DESCRIPTION OF MAJOR TAXES December 19, 1973 Latin America and the Caribbean Regional Office. This report was prepared for official use only by the Bank Group. It may not be published, quoted or cited without Bank Group authorization. The Bank Group does not accept responsibility for the accuracy or completeness of the report. CURRENCY EQUIVALENTS Through December, 1971 US$1.00 = G$2.00 G $1.00 = us$o.50 1972 1/ US1.00 = G$2.093 G $1.00 = us$o.48 July 31, 1973 US1.o0 = G$2.07 G $1.00 = us$o.48 1/ Floating with pound sterling since July 1972. APPENDIT I VOLUME II - TABLE OF CONTENTS STATISTICAL APPENDIX Table Number I. VITAL STATISTICS 1.1 Population Trends 1060-1073 1.2 Education Statistics 1960-1972 1.3 Selected Employment Data 1968-1972 1.4 Earnings and Man-Hours Worked 1968-1972 1.5 Work Conflicts, 1962-1972 1.6 Labor Force, Employment and Unemployment, 1946-70 1.7 Sectoral Oatput and Employment 1.8 Health Data for the Period 1960-1972 II. NATIONAL ACCOUNTS 2.1 Sectoral Origin of Gross Donestic Product at Current Factcr Cost, 1960-1972 2.2 Gross Domestic Product at Constant Factor Cost, 1960-1972 2.3 Implicit Deflators 2.4 National Income Ratios 2.5 Expenditure on Gross Domestic Product, 1960-1972 2.6 Gross National Product and National Incone, 1060-1972 2.7 Gross Domestic Capital Formation by Sectors, 1960-1972 2.8 Gross Domestic Investment and Its Financing, 1960-1972 2.9 Income and Product 1960-72 Current Prices 2.10 National Income Accounts Projected in 1972 Prices III. BALANCE OF PAYMENTS 3.1 Balance of Payments, 1960-1572 3.2 Merchandise Exports (f.o.b.), by Major Comr-odities, 19C60-72 3.3 Merchandise Imports (c.i.f.) by End TJse of Categcry, 1960.-1972 3.4 Destination of Imports, 1964-1971 3.5 Trade with Other CARIFTA Countries (1567-70) 3.6 Guyana - Exports by Commodities to CARIFTA Territcries, 1965-71 3.7 Guy-na - Merchandise Imports from CARIFTA Countries by End TJse Category, 1,°65-71 3.8 Direction of Foreign Trade, 1960-1972 3.9 Trade Indices and Terms of Trade, 1960-71 3.10 Projected Balance of Payments, 1973-77 3.11 Export Projections 1973-77 IV. PUBLIC DEBT 4.1 External Public Debt Outstanding as of December 31, - C! 72 4.2 External Public Debt as of December 31, 1S72 - 2 - V. PUBLIC FINANCE 5.1 Central Government Revenues, 1968-1973 5.2 Central Government Current Expenditure, 1968-1973 5.3 Central Government Capital Expenditure, 1968-1973 5.4 Financing of Central Government Investment Program, 1968-1973 5.5 Public Sector Finances, 1968-1972 5.6 Transacticn of the National Insurance Fund, 1969-1976 5.7 Autonomous Public Corporations 5.8 Central Government Transfers to the Rest of the Public Sector and Acquisition of Existing Financial Assets, 1968-1973 VI. MONETARY STATISTICS 6.1 Summary Accounts of the Banking System, 1960-1972 6.2 Money and Quasi.-Money, 1960-1972 6.3 Origin, Destination and Financing of Bank Credit, 1960-1972 6.4 International Reserve Movements, 1960-1972 6.5 Net International Reserve Position, 1960-1972 VII. AGRICULTURE STATISTICS 7.1 Basic Data on Agriculture, 1955 and 1960-1972 7.2 Value of Agricultural Production at 1971 Prices 7.3 Cultivated Area of Principal Crops by Major Groups, 1950-1972 7.4 Percentage Distributions of Census Farms and Farmland by Size and Unit 7.5 Guyana Credit Corporation 7.6 Credit to Agriculture, Fisheries and Forestry 7.7 Guyana - Landed Cost and Farm Cost of the Main Types of Fertilizers, 1965 and 1968 VIII. STATISTICS ON OTHER SECTORS 8.1 Bauxite and Alumina Production and Exports, 1960-1972 8.2 Selected Data on Bauxite Alumina Operations, 1066-1072 8.3 Electricity Generation and Consumption, 1960-1972 8.4 Import of Selected Building Materials, 1960-19C.72 8.5 Residential Houses Erected and Additions to Existing Houses 8.6 Main Sources of Finance for Real Estate 8.7 Recurrent Expenditures of the Government on Health and Educaticn, 196L -72 8.8 Capital Expenditure of the Government on Heal.th and FEucation, 196L-1972 8.9 Selected Data on M'lanufacturing, 1965-1971 8.10 Manufacturing under Incentive Laws, 1964-1970 TX. PRICES AND WAGES 9.1 Index of Consuner Prices 1960-1972 9.2 Price and Wage Increases 1960-1972 9.3 Guyana Wage Rates for TJnskilled 'Norkers in Certain Industries 1960-1572 APPENDIX II - DESCRIPTION OF MAJOR TAXES Table 1.1: POPUIATI(N TRENDS 1960-1973 - ____________________________________________________________- --_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ - - - A verage A nnual G rowth Rate of Pooulation 1960 19b1 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1960-73 Total Population 546,263 560,924 575,030 591,792 606,313 622,407 641,691 658,145 675,001 687,208 699,156 711,498 724,058 736,840 a Amerindians 25,453 26,471 27,530 28,631 29,687 30,593 31,300 31,954 32,700 33,504 34,303 35,121 35,959 36,816 Crude Birth Rate 43.2 42.1 42.7 41.5 39.8 37.7 40.2 34.7 36.7 33.2 34.3 34.3 34.3 34.3 (births per thousand) Crude Death Rate 9.6 9.3 8.2 8.3 8.5 8.2 8.4 7.2 7.5 6.7 6.6 6.6 6.6 6.6 (deaths per thousand) Rate of Natural Increases 33.6 32.8 34.5 33.2 31.3 29.5 31.8 27.5 29.2 26.5 27.7 27.7 27.7 27.7 (per thousand) Total Births 23,252 23,321 24,269 23,233 23,836 23,176 25,396 23,743 24,464 22,636 23,786 24,404 24,835 25,273 Total Deaths 5,167 5,175 4,649 4,840 5,o69 5,046 5,272 4,895 5,000 4,541 4,600 4,696 4,779 4,863 Natural Population Increase 18,085 18,1L6 19,620 19,393 18,767 18,130 20,119 18,848 19,464 18,095 19,186 19,708 20,056 20,410 Net Migration -3,206 -3,485 -5,51h -2,631 -4,246 -2,036 -835 -2,394 -2,608 -5,888 -7,238 -7,366 -7,496 -7,628 Net Population Increase 14,879 14,661 14,106 16,762 14,521 16,094 19,284 16,454 16,856 12,207 11,948 12,3L2 12,560 12,782 /1 A11 statistics are exclusive of Amerindians. Source: Vinistry of Economic Development, Statistical ?ureau, and Vissio:! stLratcs. Table 1.2 EDUCATION STATISTICS 1960 - 1972 ENROLMENTS 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 PRIMARY (a) Male 54,396 55,330 56,264 57,198 61,392 64,351 66,575 68,528 70,364 66,473 65,964 66,570 66,579 (b) Female 51,117 52,228 53,339 54,452 59,366 62,143 64,672 66,714 68,310 64,363 63,563 63,914 64,092 TOTAL 105,513 107,558 109,603 111,653 120,758 126,494 131,247 135,242 138,674 130,836 129,527 130,484 130,671 GOVERRMENT SECONDARY (a) Male 4,328 4,030 4,719 5,229 6,039 7,024 BREAKDOiN NOT AVAILABLE (b) Female 3,777 3,591 4,521 5,154 6,115 7,414 TOTAL 740 896 1,063 3,958 4,701 5,474 6,470 8,105 7,621 9,240 10,383 12,154 14,438 GOVERNMENT-AIDED SECONDARY (a) Male .. .. ... ... ... ... ... 4,990 4,560 4,539 4,531 4,268 4,470 (b) Female , ... ... ... ... ... ... 3,470 4,191 4,342 4,389 4,577 4,556 TOTAL N/A N/A N/A N/A N/A N/A N/A 8,460 8,751 8,881 8,920 8,845 9,026 VOCATIONAL TRAINING Govt. Technical Institute N/A N/A N/A N/A N/A N/A N/A 1,142 1,305 1,723 1,597 1,993 2,256 Carnegie School of Home Economics N/A N/A N/A N/A N/A N/A N/A 921 1,026 1,037 899 1,067 793 Government Training College 180 151 150 224 63 224 238 222 280 261 251 259 281 In-Service Training Programme _- - - 535 - 653 137 234 239 420 397 268 HIGHER LEVEL Government Training College _ _ _ - 164 268 319 484 546 656 935 1,059 1,160 Un.iversity of Guyana - - - - - - - - 33 55 47 53 72 TEACHERS Primary 2,698 2,830 3,045 3,294 3,552 3,720 3,895 4,257 3,662 4,433 4,392 ` 4,485 4,431 Government Secondary 62 66 75 193 224 248 298 372 388 449 537 648 730 Government-Aided Secondary N/A N/A N/A N/A N/A N/A N/A 306 317 333 331 350 340 'Tops' of Primary (Enrolment) 19,835 18,744 17,655 24,131 27,081 30,424 32,097 32,667 32,795 32,286 33,315 36,094 38,283 'Tops' of Primary (Teachers) 496 493 490 712 797 895 952 998 859 1,108 1,098 1,264 1,323 SourcP: ifinistry of Education. Table 1.3: SELECTED EMPLOYMENT DATA 1968-1972 1968 1969 1970 1971 1972 - No. of Employed No. of Employed No. of Employed No. of Employed No. of Employed firms Opera- Other Total firms Opera- Other Total firms Opera- Other Total firms Opera Other Total firms opera- Other Total tives Agriculture Sugar 2 15.001 15,OO1 2 15,46 15,460 2 14,663 14,663 2 15,215 15,215 2 14,478 14,478 MsnulfactUrIU4 9,219 3.617 12.836 8893 3,651 12,54L 8.963 3,631 12,594 8,791 3,727 12,518 8,709 4,631 13,3IO Sugar _j7 2 3,607 1,758 5,365 2 3,287 1,743 5,030 2 3,137 1,814 4,951 2 3,091 1,846 4,937 2 3,076 1,850 5,926 Other food, beverages and tobacco 42 1,689 6,.2 2,351 42 1,714 671 2,385 42 1,762 573 2,335 41 1,708 601 2,309 41 1,815 591 2,406 Other manufacturing 47 3,923 1,197 5,120 49 3,892 1,237 5,129 50 4,064 1,244 5,308 50 3,992 1,280 5,272 49 3,818 1,190 5,008 Mining and quarrying 6 _4.,4 l.SS9 6.033 5 4.455 L,56 6.019 5 4,763 1.612 6.375 4 4.709 1,63 6,346 4 4,537 1.768 6.305 Bauxite 2 3,897 1,473 5,370 2 4,148 1,518 5,666 2 4,413 1,554 5,967 2 4,268 1,579 5,847 2 4,204 1,730 5,934 Other mining and quarrying 4 577 86 663 3 307 46 353 3 350 58 408 2 441 58 499 2 333 38 371 Distribution 84 2417 1.,748 4,165 84 2,352 2,014 4,366 84 2,440 2,039 4,479 84 2,407 1,912 4,319 84 2,379 1,699 4,078 Other Fervices 4,690 1.456 6,146 L,730 1,438 6,168 4,820 1,509 6,329 4,587 1,609 6,196 3,770 1i,490 5,260 Wharves 7 1,279 309 1,588 7 1,181 307 1,488 6 1,549 323 1,872 6 1,239 315 1,554 6 819 2S8 1,077 Other transport and comms.lnication 7 2,054 914 2,968 8 2,130 893 3,023 8 1,637 928 2,565 8 1,637 1,001 2,638 8 1,512 994 2,506 Engineering and construction 1/ 19 1,357 233 1,590 17 1,419 238 1,657 18 _.634 2598 .182 20 1,711 293 2 18 1,439 238 1,677 TOTAL 35,801 8.380 44,18 35,89O 8,667 415L7 35,649 8,791 44,2442 35,709 8,855 44,591 33,8y 9,588 43,61L 1/ Establishments with at least 10 employees 2/ January - September 3/ The other category represents the clerical, administrative, and managerial emoloynes of the sulgar industry. Source: Mlinistry of Economic Development, Statistical Bureau. Table 1.4 EANINGS AND MAN-HOURS WORKED 1968-1972 1968 1969 1970 1971 1972Ž3 No. of Average weekly Ns. of Average weekly No. of Average weekly No. of - Average weekly No. of Average weekly firma hones worked earoings fines hours worked aersigs fors hours worked earosngo fterm hours worked rarmingo firms hours worked es-misge pa rp.-catoo per operator pet operator per operator per op-rato- per operator per operator per operator per operator per ope-t-or Agr... It-r Sugar 2 34.4 25.42 2 36 2 29.39 2 35.0 31.48 2 36.1 32.51 2 35.3 31 13 iNas-foetors-g Sugar 1/ 2 47.5 32.61 2 49.6 36.75 2 48.0 40.20 2 51.9 42.86 2 49.0 40.20 Other food, beverag-s aod tobaoco 42 42.5 29.86 42 43.1 32.72 43 44 6 36.81 41 43.5 36 41 41 44.3 36.16 Other -oamo t-reog 47 44.8 28.93 49 45.6 31.93 50 45.8 32 70 50 44.7 32.94 49 45.3 34.14 M-iag ord qu-rrvyis 6 45.3 73.01 5 44.4 75.23 5 43.1 75 24 4 45.7 75.98 4 40.4 79.67 _au_ete 2 45.7 77.67 2 43.8 78.20 2 42.1 78.26 2 39.5 80 47 2 40 0 83.26 Other m-osog and quarryitg 4 43.9 38.79 3 53.5 35.40 3 34.6 36.68 2 52.0 33.30 2 45.4 34.15 D-str-but-oi 84 N.A. 40.46 84 N.A. 40.65 84 N.A. 40 24 84 N.A. 40.17 84 N A. 42.18 Other serysoas whore s 7 35.1 40.73 7 38.8 44.92 6 37.0 48.15 . 6 34.3 53.59 6 37.7 52.50 Other traosport and _ooeuooO_ot-os 2/ 47.2 49.64 8 43.6 41.94 8 49 5 42 04 8 48.6 48.40 8 48.7 51.77 Eog---erlag aod -oostruotlan - 19 43.2 43.78 17 45.4 45.98 18 49.4 50.92 20 52.6 54.95 18 50.2 53.35 Il teladoog oleretal, addsolttiratlve amd -asager-Il staft of sugar estates 2/ E.tbalishme-ts -th at least 10 employees only. 3/ Jasary - Septe-b-r N.A. Not ova-lahbl So-r-e einostry of Ekomovo Dl-velopm-st, Stateoten-l Bareva. Table 1.5: WORK CONFLICTS, 1962-1972 No. of Workers Wages Lost Year Strikes Sugar Other Mandays Lost Involved S(G) 000 1962 47 34 13 441,893 12,192 1963 54 41 13 456,864 41,080 1964 44 25 19 41,593 9,764 - 1965 146 78 68 140,244 48,341 701 1966 172 91 81 108,638 37,637 696 1967 170 95 75 152,421 30,505 841 1968 136 82 54 306,000 56,500 1,653 1969 126 90 36 39,000 17,900 250 1970 159 99 60 454,000 84,100 2,822 ! 1971 199 134 65 141,816 41,1447 624 1972* 123 80 43 148,909 39,586 5,312 * Provisional Source: Ministry of Labor and Social Security Table 1.6: LABOR FORCE, EMPLOYMENT AND UNEMPLOYMENT, 1946-70 (Thousands) Annual Annual Rate of Rate of Growth Growth Rate of of Pop- of Labor Population Labor Force Employed Unemployed Unemployment ulation Force Male Female Total. Male Female Total. Male Female Total Male Female Total Male Female Total (t) (X) 1946 186.4 189.9 275.7 1i6.5 61.0 147.5/1 1D5.6 6o.6 146.2 0.9 0.4 1.3 0.8 1.0 0.9 1960 279.1 281.2 56m.o 1i2.1 40.9 175.O'I 12h.5 26.7 161.2 9.6 6.? 13.8 7.2 10.2 7.9 2.9 1.2 1965 322.0 125.0 647.0 118.0 55.0 193.0 234.9 42.0 165.9 14.1 13.0 27.1 10.2 23.6 14.0 2.9 2.0 1970 356.0 p58.0 714.0 150.0 60.0 210.0 1 43.0 5.0 178.0 17.0 1.5.0 32.0 11.3 25.0 15.2 2.0 1.7 1976 408.0 412.0 820.0 266.0 226.0 12.0 6.9 2.3 2.7 Source: Census Report 1946, 1960; Preliminary Census Report 1970; O.J.C. Francis, Report on a Survey of Mlanpower Requirements and the Labor Force, 1965; Bank of Guyana, Annual Report, 1971; Second Development Plan, 1972-76, 1973. Table 1.7: SECTORAL OUTPUT AND EMPLOYMENT Av. Annual Rate Av. Annual Rate Av. Annual Rate of Increase of Increase of Increase 1960 1965 (1960-1965) 1970 (1965-1970) 1976 (1970-1976) (%) (%) (%) Agriculture Output (G$m) 83.8 88.8 1.2 95.9 1.5 177.6 10.8 Employment 59,790 57,975 -0.7 57,400 -0.2 73,000 4.9 Output/Employment (0$) 1,402 1,532 2.1 1,670 1.7 2,433 6.4 Mining and Quarrying Output (G$m) 54.4 83.5 8.9 97.9 3.2 125.4 4.2 Employment 6,063 5,576 -1.7 6,100 1.8 9,500 7.7 Output/Employment (G$) 8,972 14,975 10.8 16,049 1.4 13,200 -3.7 Manufacturing Output (G$m) 49.0 55.2 2.4 59.4 1.5 112.1 11.2 Employment 26,308 26,806 o.4 27,800 0.7 37,000 4.9 Output/Employment (G$) 1,862 2,059 2.0 2,137 0.8 3,029 6.0 Engineering, Construction and Housing Output (G$m) 31.5 19.6 -10.0 37.6 13.9 82.6 14.0 Employment 12,856 9,331 -6.6 1L,4co 9.1 26,000 10.3 Output/Employment (G$) 2,450 2,100 -3.1 2,611 4.5 3,177 3.3 Other Services Output (G$m) 132.4 154.0 3.1 190.3 4.3 246.0 4.4 Employment 56,183 66,212 3.3 72,300 1.8 88,500 3.4 Output/Employment (G$) 2,356 2,326 -0.2 2,632 2.5 2,780 0.9 Total Output (G$m) 351.1 401.1 2.7 481.1 3.7 743.7 7.5 Employment 161,200 165,900 0.6 178,000 1.4 234,000 4.7 Output/Employment 2,178 2,418 2.1 2,703 2.3 3,178 2.7 (G$) Sources: Census Report, 1960, Preliminary Census Report 1970; O.J.C. Francis, Report on a Survey of Manpower Requirements and the Labor Force, 1965; Second Development Plan 1972-76, 1973; Ministry of Finance Development, Statistical Bureau. Table 1.8: HEALTH DATA FOR THE PERIOD 1960 - 1972 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 Birth Rate/l,000 population 43.2 42.1 42.7 441.5 39.8 37.7 40.2 34.7 36.7 33.2 34.3 34.3 34.3 Death Rate/1,OO0 population 9.6 9.3 8.2 8.3 8.5 8.2 8.4 7.2 7.5 6.7 6.6 6.6 6.6 Infant Mortality Rate/ 1,000 Live Birth ... 48.9 46.7 51.2 39.7 42.4 39.4 40.5 38.3 ... ... ... No. of Hospital Beds ... ... ... 1,391 ... ... 3,211 3,235 3,340 3,251 3,251 3,364 3,399 No. of Nurses ... ... ... ... ... 657 724 727 727 744 751 764 772 No. of Doctors 70 70 86 87 87 90 197* 157* 163* 154* 167* 171*F 191* No. of Dentists 5 5 5 5 5 5 5 24* 25* 25* 25* 25* 26* No. of Hospitals ... ... ... 22 ... ... 23 30 38 38 38 41 141 Nursing Students 357 357 357 357 357 357 357 357 357 357 357 357 357 Para Medical Personnel 67 67 67 67 67 67 68 68 68 68 68 68 68 Dark Room Technicians 4 4 4 4 4 4 4 4 4 6 6 7 7 Medical Technologist 47 47 148 48 48 48 48 50 50 50 50 50 50 Pharmacist (Diploma) 4 4 4 4 4 4 4 4 4 4 4 4 4 Dispensers 66 66 66 67 67 67 77 77 77 77 77 77 77 Radiographers 6 7 8 8 8 8 10 10 10 10 12 16 16 Note: It should be noted that the figures for Personnel have been extracted from the Annual Estimates with the exception of those indicated by the asterisk which constitute Government and Private personnel. The date for Hospitals and Peds represent information for Government and Private Institutions, while the total for 1963 is for eleven Hospitals. Source: Ministry of Health; Ministry of Economic Development, Statistical Bureau. Table 2.1: SECTORAL ORIGIN OF GROSS DOMESTIC PRODUCT AT CURRENT FACTOR COST, 1960-1972 (G$ million) 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 Agriculture, Forestry & Fishing 68.8 76.0 78.4 73.7 3.3 78.2 74.2 8Q. 19 798 89 4 90.1 101.7 103.8 Sugar 35.2 36.1 35.3 41.9 32.3 34.9 31.2 38.2 35.4 44.7 42.8 54.3 56.7 Rice 11.7 13.0 13.1 9.9 15.5 15.7 14.8 11.9 12.7 10.3 13.2 11.2 9.0 Other crops 8.8 9.2 9.7 7.3 8.4 9.4 10.0 10.7 11.5 13.5 13.7 14.5 15.3 Livestock 3.4 6.9 9.8 6.9 8.4 8.5 7.5 8.5 9.2 9.9 10.2 11.3 11.8 Forestry 6.6 6.9 6.4 4.3 4.9 5.2 6.0 5.4 5.5 5.5 5.1 5.0 5.4 Fishing 3.1 3.9 4.1 3.4 3.8 4.5 4.7 5.4 5.5 5.5 5.1 5.4 5.6 Mining and Quarrying 29.1 37.3 49-9 35.5 53.5 54-0 v 66.5 79.4 86.0 25 95. 25 96.6 Bauxite and Alumina 21.4 28.6 39.5 29.6 45.4 42.7 49.0 56.8 73.4 82.1 91.0 91.1 91. Other 7.7 8.7 10.4 6.2 8.1 11.3 9.9 9.7 6.0 3.9 4.5 4.7 5.0 Manufacturing and Processing 27.2 31.5 35.6 _39.7 37.0 _42 42.5 46.5 4$,0 52.5 57.o 61.3 64.2 Sugar Milling 11.1 13.9 16.9 20.4 12.1 12.9 11.6 14.1 12.4 15.7 15.0 19.1 19.9 Rice Milling 2.2 2.7 2.0 3.2 4.9 4.9 4.7 3.8 4.2 2.7 3.9 3.2 2.4 Other 13.9 14.9 16.7 16.1 20.0 24.9 26.2 28.6 32.4 34.1 38.1 39.0 41.9 Distribution 37.2 39.2 36.6 33.7 39.1 39.4 42.1 44.7 51.3 52.3 53.5 54.5 57.3 Transport and Communications 19.8 21.8 22.1 18.2 19.9 21.3 23.7 24.6 25.9 27.3 27.7 29.8 30.3 Construction 25.0 20.8 20.8 13.8 15.1 17.1 21.8 25.3 30.0 35.4 36.8 38.6 42.7 Rent of Dwellings 8.2 8.4 8.5 8.7 8.3 8.4 9.0 9.5 9.8 10.3 10.8 11.3 11.9 Financial Services 8.5 9.1 9.0 8.7 9.0 9.8 11.2 11.6 12.5 13.4 16.3 18.4 19.1 Government 25.6 30.5 30.5 28.1 32.3 40.2 43.7 50.1 51.9 55.2 61.9 70.0 79.1 Other 13.0 13.3 13.8 12.7 12.7 14.0 15.0 16.0 15.6 16.1 17.8 19.0 19.8 TOTAL 262.4 287.9 305.2 273.1 300.2 325.1 342.1 374.9 405.2 437.9 467.4 500.4 524.8 -irinistrv of FTonorm,i -' ct'nen'. Statistical Sureau. Table 2.2: GROSS DOMESTIC PRODUCT AT CONSTANT FACTOR COST, 1960-1972 G$ millions at 1971 prices Average Annual 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 Growth Rate (%) Agriculture,Fishing and 83.8 86.5 86.2 77.4 82.4 88.8 86.1 90.1 89.0 96.3 95.9 101.7 92.8 1.48 Forestry Sugar Cane 46.1 45.6 44.1 43.7 38.4 43.6 42.7 48.2 44.8 52.6 47.3 54.3 45.6 Rice Paddy 12.8 12.6 13.2 10.4 15.8 16.6 14.8 11.8 12.7 10.4 14.4 11.2 8.8 Other Crops 13.6 16.0 16.6 11.3 14.2 13.6 12.5 11.9 12.5 13.0 12.4 14.5 15.4 Livestock 5.1 5.4 5.6 5.4 6.1 7.0 7.0 8.8 9.6 9.9 10.9 11.3 12.4 Fishing 1.7 2.1 2.5 3.0 3.3 3.7 3.9 4.4 4.4 5.2 5.6 5.4 5.6 Forestry 4.5 4.8 4.2 3.6 4.6 4.3 5.2 5.0 5.0 5.2 5.4 5.0 5.0 Mining and Quarrying 54.4 62.3 72.1 61.2 73.8 83.5 87.1 84.5 85.6 91.3 97.9 95.8 83.6 4.19 Bauxite & Aluminia 40.0 47.8 57.1 49.8 62.6 66.0 72.5 72.2 79.1 87.2 93.3 91.1 79.3 Other 14.4 14.5 15.0 10.4 11.2 17.5 14.6 12.3 6.5 4.1 4.6 4.7 4.3 Manufacturing & Processing h9.0 49.7 50.2 44.8 49.8 55.2 55.1 59.4 57.0 59.8 59.4 61.3 61.2 2.14 Sugar Milliong 17.3 16.7 16.7 16.3 13.2 15.9 14.8 17.7 16.3 18.7 16.0 19.1 16.2 Rice Milling 3.4 3.2 3.5 2.7 4.2 4.4 4.2 3.4 3.6 3.0 3.8 3.2 2.5 Other 28.3 29.8 30.0 25.8 32.4 34.9 36.1 38.3 37.1 38.1 39.6 39.0 42.5 4.10 Services 163.9 169.8 167.1 143.3 155.7 173.6 186.4 198.2 202.5 216.3 227.9 2141.6 244.9 Distribution 39.7 42.1 44.2 38.8 43.6 48.1 48.2 49.4 48.8 52.1 53.4 54.5 50.1 Transport & Communications 24.9 27.2 26.4 21.5 23.3 24.4 26.5 26.8 27.4 28.5 28.3 29.8 28.8 Construction 31.5 25.9 24.9 16.3 17.7 19.6 24.4 27.6 31.8 37.0 37.6 38.6 40.6 Rent of Dwellings 9.3 9.5 9.6 9.7 9.2 9.2 9.8 10.2 10.4 10.8 11.0 11.3 11.6 Financial Services 10.4 11.0 10.1 9.7 10.0 10.8 12.2 12.4 13.0 13.8 16.4 18.4 18.6 Government 32.2 38.0 36.5 33.2 37.8 46.1 48.9 54.7 54.9 57.6 63.2 70.0 75.2 Other 15.9 16.1 15.4 14.1 14.1 15.4 16.4 17.1 16.2 16.5 18.0 19.0 19.3 TOTAL 35-1 368.3 375.6 320.7 361.7 401.1 414.7 432.2 4 i 481.1 500.4 482.5 3.27 Source: M.n!nistry of _conornV,evecopment, Statistical Bureau, Bank of CGuyana, and Mlission Estimates. Table 2.3: Implicit Deflators (1971 - 100) 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 Agriculture 82.10 87.86 90.95 95.22 88.96 88.06 86.18 88.90 89.66 92.84 93.95 100.00 111.85 Mining 53.h9 59.87 69.21 58.01 72.49 64.67 67.62 78.70 92.76 94.20 97.55 100.00 115.55 Manufacturing 55.51 63.38 70.92 88.62 7L.30 77.36 77.13 78.28 85.96 87.79 95.96 100.00 104.90 GDP 7L.7L 78.17 81.26 83.59 83.00 81.05 82.49 86.74 93.34 94.44 97.15 100.00 108.77 Source: Tables 2.1 and 2.2. Table 2.4: NATIONAL INCOME RATIOS 1960 1961 1962 1963 19614 1965 -1966 1967 1968 1969 1970 1971 1972 Sectoral OutPuts as a Percentage of GDP A-riculture 26.2 26.4 25.7 27.0 28.4 24.0 21.7 21.4 19.7 20.4 19.3 20.3 19.8 Mining and Quarrying 11.1 1i.0 16.4 13.0 17.8 16.6 17.2 17.7 19.6 19.6 20.4 19.1 18.X MarniUfaCturing 10.4 10.9 11.7 14.5 12.3 13.1 12.4 12.4 12.1 12.0 12.2 12.2 12.2 Services 52.3 49.7 6.2 L5.5 -45.5 46.3 X8.7 48.5 48.6 48.0 48.1 48.4 49.6 TOTA.l 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 National Income Categories as a Percentage of GDP at Market Prices Cons25mption 80.2 77.0 71.6 66.1 80. 80.6 81.2 76.6 74.7 75.4 78.9 77.4 76.7 Gross Domestic Investment 28.2 24.0 16.6 16.9 16.0 22.2 23.9 25.8 22.3 20.8 22.9 19.4 20.7 Gros, Domestic Saviings 19.7 23.1 28.4 33.7 19.6 19.4 18.7 23.5 25.4 24.6 22.5 22.6 23.4 Emor ls (goods and n.f.s.) 49.2 52.1 56.6 62.9 57.1 55.8 55-0 57.4 58.3 59.2 57.0 57.8 59.4 inoorts (goods and n.f'.s.) 57.7 5i.0 44.9 16.1 53.5 58.7 60.2 59.8 55.1 55.2 57.4 54.7 56.8 Source: TabLes 2.1, 2f.5 and 2.8. Table 2.5: EXPENDITURE ON GROSS DOMESTIC PRODUCT, 1960-1972 (G$ millions at current prices) 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 Private Consumption 200.7 207.2 200.7 162.7 221.7 237.7 256.7 259.2 273.5 297.0 332.5 339.8 347.4 Public Consumption 33.4 38.0 38.6 36.6 46.6 54.4 59.1 66.6 69.9 79.1 88.1 98.2 107.7 Total Consumption 234.1 245.2 239.3 199.3 268.3 292.1 315.8 325.8 343.4 376.1 420.6 438.0 455.1 Gross Private Fixed Capital Formation - 63.0 54.1 37.2 27.5 42.9 53.6 60.0 77.8 58.4 58.7 75.2 63.7 70.5 i) Bauxite Mining and Processing n.a. 12.0 5.5 4.4 11.1 15.8 31.1 38.8 13.6 14.3 20.8 5.0 6.5 ii) Sugar n.a. 4.3 2.4 6.6 6.8 7.8 6.6 7.1 9.6 9.7 7.9 8.1 9.3 iii) Manufacturing and Power n.a. n.a. n.a. 6.4 4.6 2.5 8.7 7.8 7.2 7.7 7.3 6.0 17.0 iv) Other - - - 10.1 20.4 27.5 13.6 24.1 28.0 27.0 39.2 44.6 37.7 Gross Public Fixed Capital Formation 16.6 23.3 20.1 12.4 9.9 16.4 26.3 27.2 37.6 39.3 37.4 39.1 39.9 Change in Inventories 2.8 -1.0 -1.7 11.0 0.8 10.6 6.5 4.8 6.3 5.8 9.3 7.3 12.2 Gross Domestic Investment 82.4 76.1 55.6 50.9 53.6 80.6 92.8 109.8 102.3 103.8 121.9 110.1 122.6 Exports of Goods and non-factor services 143.5 165.9 189.3 189.6 190.7 202.1 213.8 244.3 267.6 295.4 303.8 327.4 352.5 Imports of Goods and non-factor services 168.3 168.8 150.0 139.0 178.7 212.6 233.9 251.3 253.4 275.4 305.8 309.6 336.6 Goods and Non-factor Services Balance -24.8 -2.9 39.3 50.6 12.0 -10.5 -20.2 -10.0 14.2 19.0 -2.0 17.8 15.9 Statistical Discrepancy - - - 0.5 - - 0.4 -0.3 -0.4 -0.3 -6.5 0.2 -0.5 Gross Domestic Product at Current Market 291.7 318.6 334.2 301.3 333.9 362.2 388.8 425.3 459.5 498.6 533.0 566.1 593.1 Prices Plus: Subsidies 2.8 3.8 3.0 2.8 3.1 4.1 3.4 3.7 3.5 3.2 4.2 4.3 3.8 Minus: Indirect Taxes 32.1 34.5 32.0 31.0 36.8 41.2 50.1 54.1 57.8 63.9 69.8 70.0 72.1 Gross Domestic Product at Current Factor 262.b 287.9 305.2 273.3 300.2 325.1 342.1 374.9 405.2 437.9 467.4 500.4 524.8 Cost Net Factor Income Payments Abroad -23.9 -21.9 -35.9 -27.5 -28.7 -25.0 -32.7 -32.0 -42.0 -41.0 -42.4 -33.4 -26.8 Gross National Product at Current Factor 238.5 266.0 269.3 245.6 271.5 300.1 309.1 342.9 363.2 396.9 425.0 467.0 498.0 Cost /1 Th's inc l es investmert ey)enditure of public enterprises, fcr which see Table 2.,. Source: Ninistry of Economic Development, Statistical Bureau and Bank of iurPan-. Table 2.6: GROSS NATIONAL PRODUCT AND NATIONAL INCOmE, 1960-1972 (G$ millions at current prices) Average Annual 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 Growth Rate (% 1972) 1972) Gross Domestic Product at Current Market Prices 291.7 318.6 334.2 301.3 333.9 362.2 388.8 425.3 459.5 498.6 533.0 566.1 593.1 6.L 7.0 Net Factor Income Payment Abroad -23.9 -21.9 -35.9 -27.5 -28.7 -25.0 -32.7 -32.0 -42.0 -41.0 -42.4 -33.4 -26.8 2.5 -5.1 Gross National Product at Current Market Prices 267.8 296.7 298.3 273.8 305.2 337.2 356.1 393.3 417.5 457.6 490.6 532.7 566.3 6.7 7.7 Plus: Subsidies 2.8 3.8 3.0 2.8 3.1 4.1 3.4 3.7 3.5 3.2 4.2 4.3 3.8 2.4 3.0 Less: Indirect Taxes 32.1 34.5 32.0 31.0 36.8 41.2 50.1 54.1 57.8 63.9 69.8 70.0 72.1 8.5 6.2 Gross National Product at Current Factor Cost L38.5 266.0 269.3 244.6 271.5 300.1 309.4 342.9 363.2 396.9 425.0 467.0 498.0 6.L 7.9 Provision for the Consumption of Fixed Capital 12.2 17.9 19.5 16.2 17.2 18.5 20.8 23.3 26.6 29.2 33.8 34.1 36.0 8.4 9.2 Net National Income at Current Factor Cost 226.3 248.1 249.8 228.4 254.3 281.3 288.6 319.6 336.8 367.7 391.2 432.9 462.C 6.2 7.8 Source: Ministry of Economic Developpment, Statistical -oureau. Table 2.7: GROSS DOMESTIC CAPITAL FORMATION BY SECTORS, 1960-1972 (G$ millions) 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 Bauxite and Mining n.a. 12.0 5.5 4.4 11.1 15.8 31.1 38.8 13.6 14.3 20.8 5.0 6.5 Sugar n.a. 4.3 2.4 6.6 6.8 7.8 6.6 7.1 9.6 9.7 7.9 8.1 9.3 Rice n.a. n.a. n.a. n.a. n.a. n.a. n.a. 1.2 2.1 2.0 6.0 3.2 12.1 Manufacturing and Power n.a. n.a. n.a. 6.4 4.6 2.5 8.7 7.8 7.2 7.7 7.3 6.o 17.0 Distribution n.a. n.a. n.a. 0.6 1.5 1.1 2.4 4.7 3.0 3.7 3.1 3.1 1.5 Transport and Communication n.a. n.a n.a. 0.6 1.4 0.1 0.6 2.0 4.1 2.4 9.2 6.4 6.6 Engineering and Construction 14.1 10.8 10.4 6.4 7.2 7.7 6.6 9.0 0.6 0.2 0.1 0.1 0.1 Other Sectors n.a. n.a. n.a. 2.5 10.3 18.6 4.0 7.2 18.2 18.7 20.8 31.8 17.4 Total Private Fixed Capital 63.0 54.1 37.2 27.5 42.9 53.6 60.0 77.8 58.4 58.7 75.2 63.7 70.5 Formation of which: Foreign (35.4) (20.3) (9.3) (12.7) (20.5) (25.1) (41.4) (53.0) (32.4) (36.4) (39.0) (17.3) (n.a.) Public Enterprises (n.a.) (n.a.) (n.a.) (n.a.) (n.a.) (n.a.) (6.3) (13.3) (3.7) (3-7) (16-0) 114.S) (35.8) Change in inventories 2.8 -1.0 -1.7 11.0 0.8 10.6 6.5 4.8 6.3 5.8 9.2 7.3 12.2 Total Private Capital Formation /I 65.8 53.1 35.5 38.5 43.7 64.2 66.5 82.6 64.7 64.5 84.4 71.0 82.7 Public Sector Capital Formation 16.6 23.3 20.1 12.4 9.9 16.4 26.3 27.2 37.6 39.3 37.4 39.1 39.9 Gross Domestic Capital Formation 82.4 76.4 55.6 50.9 53.6 80.6 92.8 109.8 102.3 103.8 121.8 110.1 122.6 /I This includes capital experin: 'u.tes by autonomous pub'ic corporations. Source: i4inistry of Economic -Vve'l ment, Statistical Bureau, EIF. Table 2.8: GROSS DOMESTIC INVESTMENT AND ITS FINANCING, 1960-1972 (G$ million, current prices) 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 Construction 24.0 26.4 23.3 14.5 1i.1 19.7 29.6 35.7 36.3 43.3 42.4 43.5 45.0 Private 14.1 10.8 10.4 6.4 7.2 7.7 6.6 9.0 8.8 9.2 10.0 9.5 10.0 Public 9.9 15.6 12.9 8.1 6.9 12.0 23.0 26.7 27.5 34.1 32.4 34.0 35.0 Machinery & Equipment 49.7 44.o 31.6 23.4 37.1 47.8 54.0 66.0 53.6 46.5 65.7 54.6 57.9 Others 1/ 5.9 7.0 2.4 2.0 1.6 2.5 2.7 3.3 6.1 4.7 4.5 4.7 7.5 Gross Fixed Investment 79.6 77.4 57.3 39.9 52.8 70.0 86.3 105.0 96.0 98.0 112.6 102.8 110.4 Inventories 2.8 -1.0 -1.7 11.0 0.8 10.6 6.5 4.8 6.3 5.8 9.2 7.3 12.2 Total Investment 82.4 76.4 55.6 50.9 53.6 80.6 92.8 109.8 102.3 103.8 121.8 110.1 122.6 Net Resource Inflow (- inf _ -?.2 39.5 -50.6 12.0 -1i.5 -20.2 -10.0 14.2 19.0 -2.0 17.&' 15.9 Gross Domestic Saving ;., 7 .5 9L,.9 101.5 65.6 70.1 72.6 99.8 116.5 122.8 119.8 127.9 138.7 Factor Income Payments _- ,',! -,].9 -35.9 -27.5 -28.7 -25.0 -32.7 -32.0 -42.0 -41.0 -42.4 -33.4 -26.8 Gross National Savings - ,,.t- ,(.0 7u4.0 36.9 15.1 39.9 67.8 7b .5 81.8 77.b 914.5 111.9 1/ Includes self-help (from 1967). S)oarce: Minis ry (f Fcornmi >evelopment, StatistIcai -ureau, 'lission Estimates. Table 2.9: INCOME AND PRODUCT 1960-72 CURRENT PRICES (G$ millions) 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 Wages and Salaries Wages 129.5 142.0 141.5 141.8 156.5 174.4 190.9 207.5 223.9 240.5 251.6 279.8 293.8 Profits, Rents and Interest 132.9 145.9 163.7 131.3 143.7 150.7 151.2 167.4 181.3 197.4 207.8 220.6 231.0 GDP at Factor Cost 262.4 287.9 305.2 273.1 300.2 325.1 342.1 374.9 405.2 437.9 467.4 500.4 524.8 Indirect Taxes Less Subsidies 29.4 30.7 29.0 28.3 33.6 37.1 46.7 50.3 54.2 60.6 65.6 65.7 68.3 GDP at Market Prices 291.7 318.6 334.2 301.3 333.9 362.2 388.8 425.3 459.5 498.6 533.0 566.1 593.1 Wage share of income (%) 44.4 44.6 42.4 47.0 46.9 48.1 49.1 48.8 48.2 48.2 48.7 49.4 49.5 Sou.-ce: Ministry of Economic Development, Statistical Bureau. Table 2.10: NATIONAL ILC01-!E ACCOlITS PROJECTED IN 1972 PRICES (G$ millions) Average As a Annual Annual Percentage Rate of 1573 1976 1975 1976 1977 1973-77 Average of GDP Growth Gross Domestic Product 596.o 660.2 b95.6 734.Q 775.3 3,493.0 698.6 100.0 5.5 Terms of Trade -5.0 -27.7 -62.8 -57.0 -68.1 -206.9 -41.8 6.0 49.0 -Dross Domestic Income 591.0 632.6 653.8 677.9 707.2 3,28L.i8 656.8 96.0 3.5 Imports 403.4 350.5 603.2 425.3 646.4 2,0i2.4 402.5 57.6 5.9 Exports -359.6 -394.0 -633.2 -h63.9 -491.0 2,137.0 627.L 61.2 7.4 ExDorts Adjusted -354.6 -366.2 -390.L -606.9 -622.8 1,927.9 385f.6 55.2 6.2 Resource Gap 14.0 i.3 12.8 18.I 23.6 86.5 16.9 2.6 11.7 Consumption 505.4 483 .4 49L.1 516.6 538.9 2,503.8 500.8 71.7 3.2 Investment 107.6 163.6 172.6 181.9 191.9 864.5 172.9 24.7 8.2 Resource Availability 639.8 666.8 666.5 696.3 730.8 3,368.3 673.7 94. .4 Gross Domestic Savings 105.6 149.1 159.6 163.5 168.3 780.0 156.0 22.3 46.L Factor Service Income -20.0 -26,.0 -27.3 -27.L -28.6 127.1 25.6 3.6 6.0 Gross TTational Savings 85.6 ,25.1 132.3 136.1 139.9 625.9 130.6 18.7 L.6 Gross Nlational Product 576.0 o 36.3 669.3 707.5 766.9 3,365.9 673.2 96.6 5.6 Gross !1ational Income 571.0 606.6 326.5 650.5 678.8 3,157.0 631.4 90.L 3.5 Source: 'ission ''.S; t Jiat,es Table 3.1: BALANCE OF PAYMENTS, 1960-1972 (US$ millions) 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 Trade Balance -11.3 1.4 22.0 31.7 10.8 -2.2 -5.9 -3.1 8.8 9.4 -0.2 9.9 7.3 Exports (fob) 75.0 87.1 95.9 100.8 98.8 103.3 112.2 122.0 115.2 126.6 133.2 14~3.6 148.4 Imports (cif) 86.3 85.7 73.9 69.1 88.0 105.5 118.1 125.1 106.4 117.2 133.4 133.7 141.1 Non-factor Services (Net) -3.2 -3.1 1.0 -2.1 -3.8 -3.9 -5.9 -2.6 -1.7 0.1 -0.8 -1.0 0.3 Freight and Insurance 1.6 1.6 1.5 0.7 0.7 0.5 0.5 0.6 0.6 0.5 0.7 0.7 0.8 Travel -1.4 -1.1 -0.9 -1.0 -2.3 -2.3 -2.2 -3.2 -2.7 -0.6 0.4 0.0 -0.3 Other -3.4 -3.6 0.4 -1.8 -2.2 -2.1 -4.2 0.0 0.4 0.2 -1.9 -1.7 -0.2 Investment Income -14.0 -12.8 -21.0 -16.1 -16.8 -14.6 -19.1 -18.3 -21.0 -20.5 -21.2 -16.7 -12.8 Direct Investment -13.1 -12.6 -19.9 -14.4 -14.8 -13.9 -17.0 -16.1 -19.7 -19.9 -19.4 -14.X4 -8.6 Public Debt Interest -2.0 -2.3 -2.7 -3.4 -6.2 -3.4 -3.8 -3.7 -3.0 -2.2 -2.8 -2.7 -5.1 Other 1.1 2.1 1.6 2.7 4.2 2.7 1.7 1.5 1.7 1.6 1.0 0.4 0.9 Current Transfers (net)A/ -0.7 -0.3 -o.6 -1.1 -0.7 -1.7 -0.0 -2.8 -2.3 0.3 0.2 0.2 -0.1 Current Account Balance -29.2 -14.8 1.4 12.4 -10.5 -22.4 -30.9 -26.8 -16.2 -10.7 -22.0 -7.6 -5.3 Medium and Long-Term Capital 24.8 14.1 7.6 10.4 9.5 15.9 23.3 28.4 17.5 17.5 12.6 14.7 15.5 Public Inflow (net) 7.3 8.2 8.5 6.2 14.3 7.9 7.5 8.0 7.3 9.8 8.3 14.8 10.9 (Grant) 2.8 4.2 4.0 2.9 3.7 6.8 6.2 4.6 2.9 2.1 0.6 1.8 1.2 (Loans)/2 5.6 4.7 5.5 4.4 2.3 2.6 3.7 7.9 8.7 10.8 11.3 15.3 12.2 Amortization 1.1 0.7 1.0 1.1 1.7 1.5 2.4 4.5 4.3 3.1 3.6 2.3 2.5 Other -0.3 1.2 - -0.6 - -1.9 0.5 - - 0.2 - - - Private (net) 17.8 4.7 -0.9 4.8 5.2 9.9 15.3 20.4 10.2 7.5 4.3 -0.1 4.6 Direct Investment 17.8 5.6 -1.8 4.3 5.6 9.4 15.7 18.4 9.6 9.2 4.3 -4.6 -2.6 Other /3 - -0.9 0.9 0.5 -0.4 0.5 -0.4 2.0 0.6 -1.7 0.0 4.5 7.2 Short-Term Capital (net) -0.5 -0.3 -1.4 0.5 1.9 1.0 -2.5 1.9 1.4 -4.1 -1.8 -2.4 -0.5 Capital Account Balance 24.3 13.8 6.2 10.9 11.4 16.9 20.8 30.3 18.9 13.1 10.8 12.3 15.0 Unidentified Transactions 3.1 1.4 -1.3 -9.3 2.0 -4.8 3.0 1.3 -6.5 -7.L 72. -0.6 -6.7 SDR's 2.5 2.1 2.6 Charge in Reserve (increase -) 1.8 -0.4 -6.3 -14.0 -2.9 10.3 7.1 -4.8 3.8 4.7 1.6 -6.2 -5.6 /1 Including non-monetary gold. /2 Excluding grants. /3 Including financing of autonomous corporations. Source: - :s'r Or conio mDeveio p,er.t , ';ttst, .a' 't a'-a Iaru a of Guyana and .IM.F. Table 3.2: c(xo( ((i(0h7 bv -2A.-iCR C--~10fII'ES 1060- 7 21 (US$ vaIIlion,) 1960 1961 1 962 1 96 3 1964 1 965 1966 1 9 67 1968 1969 1 970 19 71 197 2 Domestic Exports /1 75. 1 871..9 25..9 t02.0 9 5.8 104. 7 113. 7 120. 5 115. 8 1 25.68 133.0 140.4 146.1 M~iner als 21 3 29. 9 37, IL3l 38 5 45. 8 5 2 .7 54. 4 54 bZ-1 2LDL 679l..2 L Dried B3ux-nte 10. 5 8 3 9. 9 6 2 5. 7 8. 8 12. 0 1 5 0 14. 8 18 3 21. 9 20 0 13. 5 Volunie) (i.788) (1, 236) (I .465) (737) (565) (1, 263) (1,531) (1.824) (1.,7 78) (2.09 ') ( 2,30 3) (2,153) (1 4.23~) (Unit price) (5. 8) (6.7) (6. 8) (8. 4) 9 7) (6.9) (7. 9) (3 2) (8. 3) (8 7) (9 5) (9 7) ' 4) Dried Refractory-grade Bauxite - - - - - II,7 (Volume) - ---- - (2) (27) (Unit price) ------- - (42.5) '25.5) Chemical-grade Bauxite - - ----- 2 2 (Volume) - ----(186) (Unit price)------- - - (II 9) CaLicined Bauxite 6.8 8 4 8 3 10.5 12.2 13 1 15.3 15.0 18.8 21. 1 24 2 25 5 35 7 Volume) (307) (370) (366) (426) (465) (494) (492) (459' (587) (651) 7(72) (689) (659) (Unit price) (22.0) ( 22 6) (22.6) '246') (25 2) (26.5) (31.1) '22.7) (32 0)) (37.4) '34 5, '30.')) (51.1) Alumina - 7 1 13.3 13 0 1 5 6 17 8 19.3 '6 0 16.5 7.0 8 2 3 2 90 3 13 9 (Volume) - (120) (2 157 (216) '245) (275, (29 7) (2697 (244) (796) '324,' '302) '2 52. (Unit price) - ( 58 9) (611.6) (60 3) (.3 S) (64 8) (65 0) (66 8) (67 6) (70.)3) (/I 67 '62) (54 .8) Alumina Hydrate -- - - - - - - 0 3 (Volume) - - --- -Unit price) - - - - - - - (58 4) Other, 4.0 6.1 6 1 5.4 5.0 6.1 6.1 6.4 3 9 1 9 1 7 1 3 1 0 A.ricu-ltural Products 47 6 52 0 5 3. 0 61 9 51.6 51 8 54.7 58 1 56 1 58 4 5 6 3 6 5 8 70 7 Sugar -i336 -33.2 3477 43 0 31 5 31l 5 3 2 3 35.5 3 5 3 4059 31 5 (Volume) (3057 (31)3 (3137 (273', (2386) (2677, (79) (293) f'304~) '3267 275 (Unit price) (losn 7) luos ) 7 7667, '7 '. I' .' (,132 4) (118.0) (11 5.9) (121. 2) (116 1 ) ( 12 5 5) (131 57 (136 87 (164 7) Rice 9 0 1 3 2 12 0 1 1. 7 1 2. 8 1 3. 5 14. 5 14. 4 13 1 9 8 9.0 10. 7 12 0 (Volume) (63) (90) (7-9) ( 72) ( 78 ( 94) 1(18) (100) (94) ( 73) (60) ( 7 -) ( 701 (Unit Drice) (142.5) (146.27 (151 0) (163 2) '164. 71 (144 2) (134.0) (144 0) (13Q,l) (1.34 3) (1.49 7' .'147.) (7 4) Y(o7.ucses 1 6 t 6 1 7 3. 3 2.4 1 2 1 6 2 7 2 1 2 1 1 9 2.0 1 7 (Volume - 000 cwt.) (1,971) (1,764) r1.818) (1,922) (1,771,) (1,501) (1,556) (1.788) (1,Q38) (2,094) (1.843) (1 10) (1 34) (unit price) (0.80) (0.90) (0.96) (I 82) (1.33) (0.82) (1.04) (1.49) (1.10) (I 02) (I 02) (1, 17' (1.09) Shrimp /2 - 1.6 2.0 2 3 2. 5 3.2 3.8 3 4 3. 7 3.8 4.4 ' 3' 8 (Volume) - (4 170) (5 113) (5 9 29) (5 b35) (7,908) (9.440) (8 121) (9 413) (9 5 99) (11 069) (IO 773) (12 746) (Unit Drice) - (0.38) (0.35) (0.38) (0.45) (0.40) (0.40) (0 39) (039) (0.40) (0.40) (0 40' (0.36) Timber 2.1 1 8 1.8 1.5 1.5 1 8 2 1 1.5 1 4 1.2 1 2 1.S i.9 (Volume - 030 cwt.) (1,584) (1.356) (1.400) (1 170) (1,480) (1,354) (1,406) (1.161) (1,171) (898) (852) (9 737 (1,359) (Unit price.) (1.31) (1.29) (1.-I0) (1.27) (1.02) (1,33) ((.48) (L.31) (1.18) (1.36) (1.41) (1.50) (1.363 Other Agricultural products 1.5 0.6 0 8 0.1 0.9 0.6 0.4 0.6 0.5 0.6 1.0 0.9 0.9 Manufactures 6 0 6.0 5.3 5.0 5.7 7.1 6.3 8.0 5.7 5.3 ,j.,7 74 4- Rume 1.8 1.8 1.9 1.8 1.9 2.5 2.0 3.2 2.1 1.5 1.6 2. 7 3,. 7 (Volume - 000 proof gallon) (1.901) ~~~~(1.893) (1,822I) (1.873) (,7) 206) (1.689) (3.120) (1.971) (1.450) (1.630) (3.287) (2,1-75) (Urnit prc)(0.93) (0.94) (1.03) (0.97) (1.03) (1.21) (1.18) (1.03) (1.06) (1.00) (0.97) (0.8) 04) FoesryPr e)t - -- - - - - - ~. 7 0.4 0.7 Other Manufactures 4.2 4.2 3.4 3.2 3.8 4.6 4.3 4.8 3.6 3. 8 3.4 4.3 5.5 Other Re-exports 1.3 1.3 1.8 1.1. 1.5 1.2 2.2 3 1 4 0 4.2 3.2 4 4 3.2 /1 Volume in 0D30 long tons unless otherwise stated. /2 Shr~imp exo arts include catches by foreign vessels fishing in Guyanese water because of thiLs ljf'feronce. the ralue of eyport :in this table may not agree wi-th that. -n Tshi-- .,'h exc7 uO*,s these shrimp; unit value is natil nnl rr'c.. Source: Ministry of Economic Development. Statistical Ti,reau and Bank of (lu-ee Table 3.3: MERCHANDISE IMPORTS (C.I.F.) BY END USE OF CATEGORY, 1960-1972 (US$ millions) 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 TOTAL 86.3 85.7 73.9 69.1 88.o 105.5 118.1 125.1. 106.4 117.2 133.4 133.7 141.1 Consumer Goods 32.8 32.8 29.6 2L.3 32.7 41.2 4L.$ 4).0 40.4 .46.0 46.3 51.3 51.0 Food 12.4 12.3 13.0 11.3 12.7 15.3 15.7 15.0 13.8 14.8 15.2 17.6 15.9 Other non-durables 7.2 7.4 6.5 6.7 8.1 9.5 9.5 10.2 8.5 9.8 10.0 10.5 11.3 Durables 13.2 13.1 10.1 9.3 11.9 16.4 19.3 17.8 18.1 21.4 21.1 23.2 23.8 Raw Materials and Intermediate 22.8 25.5 23.9 25.3 29.1 32.6 35.4 35.6 33.1 36.0 38.6 42L1 48.6 Goods Fuels and lubricants 6.5 7.6 7.6 7.0 8.5 9.4 9.6 10.3 10.3 9.5 11.5 11.8 13.4 Chemicals 3.7 5.4 5.3 7.0 6.7 6.9 8.1 7.0 7.1 8.0 7.9 11.2 12.0 Textiles 6.2 5.4 4.8 5.0 5.6 7.4 7.0 6.9 5.6 7.2 7.5 6.9 9.9 Other 6.4 7.1 6.2 6.3 8.3 8.9 10.7 11.4 10.1 11.3 11.7 12.5 13.3 Capital Goods 30.7 27.4 20.4 16.5 26.2 31.7 38.2 46.5 32.9 35.2 48.5 4O0 41.5 Building Materials 8.2 7.1 5.3 4.1 6.4 8.2 9.4 10.7 9.9 9.8 13.1 12.5 12.3 Machinery & Transport Equipment 21.7 19.6 14.6 11.8 19.1 22.7 27.8 34.1 21.9 24.1 33.9 26.1 27.2 Others 0.8 0.7 0.5 0.6 0.7 0.8 1.0 1.7 1.1 1.3 1.5 1.4 2.0 Source: `in.isr-ye op ,esonomi-' `, '-.a; s. a rea m an' o' uyana. Table 3.4: DESTINATION OF IMPORTS, 1964-1971 (US$ millions) 1964 1965 1966 1967 1968 1969 1970 1971 Imports for - Sugar Companies N.A. N.A. IT.A. 3.5 4.2 3.6 3.4 3.2 Mining Companies N.A. N.A. N.A. 12.4 5.7 7.5 8.9 2.0 Other Private N.A. N.A. N.A. 14.0 10.2 12.0 11.4 11.0 Government N.A. N.A. N.A. 14.8 12.8 10.5 20.2 20.7 Building Materials N.A. N.A. N.A. 3.5 3.5 4.4 3.9 4.2 Machinery Parts N.A. N.A. N.A. 6.2 4.8 6.1 8.4 7.5 Consumption Sector 32.7 41.2 44.5 43.0 40.4 46.o 46.3 51.3 Intermediate Goods 25.7 29.2 31.7 27.7 24.8 27.1 30.9 33.8 TOTAL 88.0 105.5 118.1 125.1 106.4 117.2 133.4 133.7 /1 Though these are mainly capital goods they include some intermediate goods. Source: Ministry of Economic Development, Statistical Bureau, and Mission Estimates. N.A. Not Available. Table 3. S: TRADE WITH OTHER C.A.R.I.F.T.A. COUNTRIE2 (1967-70) (G0$ thousands) 1967 1968 1'69 ____ 1070 1971 ________ 72___ Country Tmprts Doestic Re- Visibl Tports Domestic Re- Visible Imports Doetszc Re- Visible 7e,orls Docestlo Re- Visible Imports Domestic Re- Visible 7eports Dmestic Re- Visible Exports Exports Trade REports REports Trade Exports EEsorts Trade Espets Experot Trod Eperts Epxorts Trade Exports Exports Trade _ Balance _ _ Balance Balance _ BalaccnBcaec Balac.anc Balance Jamaica 1,916 4,243 177 2,504 2,605 5,o80 117 2,592 3,286 6,857 92 1.653 3,828 5,il1 146 1,732 4,300 6,409 156 2,265 7,859 11,169 53 3,363 Tr-nidad 21,917 16,422 857 -4,638 25,679 15,503 1,509 -8,667 28,009 e19,553 936 -7,530 32,310 026,060 900 -7,750 33,822 *28,881 1,001 -3,950 39,988 *38.728 368 -892 Barbados 811 3,133 152 2,476 793 2,966 359 2,512 967 3,106 226 2,355 927 3,J87 276 3,336 1,l90 8,031 185 7,026 1,759 5,648 351 4,240 (re-ada 32 660 10 638 20 543 10 533 31 792 ]8 779 52 880 838 50 968 18 966 94 984 30 920 St. cia 120 668 12 360 132 S55 51 676 2 698 12 708 3h7 777 11 44i 690 981 48 539 498 1,266 69 817 Dominics 626 277 9 -360 27 319 1 292 23 329 9 315 171 707 59R 275 2h9 520 3 275 107 535 4 431 Antigua 2 587 16 6oi 2 621 17 636 27 809 60 852 5 708 28 692 351 956 16 621 959 946 261 248 St. Ritts/Re-is - - 7 7 - - 3 3 - - _ - _ 8 8 - - - - 2 576 5 579 St. Viscest 156 515 9 369 157 590 6 539 53 719 6 672 96 935 38 377 88 866 9 789 64 980 27 943 Belise - - - - - - - - - - - - - - - - - 13 1 i- Other - 5 555 .. . 621 A-. 624 _O 719 ... 718.5 3 595 _ 596 6 823 8 825 o.6 171 2 172.4 TOTAL 25,633 26,861 1,248 29,415 26,777 2,076 -562 32,378 5 31,562 1,359 542.5 37,778 37,753 1.069 1,044 60,535 48,550 1,445 9,360 51,330.6 60,982 1,170 10,821.4 1/ Figures for Beliee for May - Dec., 1971. Less than 0.5 of a thsusand. * 196 Figures include 3,630 for Bauxite bhipped to Trinidad & Tobago. 1970 Figures isolude 2,990 for Bauxite shipped to Trinidad & Tebago. 1971 Figures include 13,616 for Bauxite shipped to Trisidad & Tobago. 1972 Figures itclude 22,720 for Bauxite shipped to Trinidad & Tebage. Table 3.6: GUYANA - EXPORTS BY C01,240DITIr TO) CARIFTA TERRITORIE8, 1965-71 (U8$ 000) 1965 1966 Trinidad- Trinidad- Barbanos JanaRica Tobago Others Total Barbados Jamiaica Tobago others Total Crude 'ateria1~ 98.0 16.6 2.947.2 79.8 3,139.6 92.8 220 3,076.8 108.2 3,9. Orude Caterials ~~~~~ ~~98.0 16.6 2,966.6 79.5 3,138.7 92.8 220 3,076.3 06 3,297.9 Minerai lOsuels - o .6 0.3 0.9 - - 0.5 1.4 1.9 "sodot2ifs 1,262.7 1,~~~~~~~~~~~~865.L 5,536.2 1,062.6 9,686.7 1,6.7 1,732.9 ,068 1,15b.0 923! Food ~~~~~~~~ ~~~~1,242.5 1,865.3 5,525.0 1,ooL.h 9,637.2 1,269.6 1,730.8 5,073.2 1,107.9 9,181.!. ,-evcr'-e 76 To,bacco, 0.2 0.1 11.2 38.0 69.5 0.1 2.1 13.6 LSI.1 62.0 anufacturen CooF~s 131.1 170.8 326.8 308.L 935.1, 123.7 69.7 347.1 2L6.9 825.6L -lotlhont '. Footcsear 3.6 - -16.6 20.0 7 .2 1.0 533 61.,, "lot.1inr ~~(3.6 C) - (16.6) (20.0) (7.2) (- 06 (33 60.9) Ch'em3 calz: 78.6 16i.3 290.1 21-3.6 743.4 71.1 61.1 320.3 i137.0 >.5 Cher.icals (78.6) (161.3) (290.1) (213.6) (736(7.) (11 303 170 695) ,~,aer anulacc,Ures 69 .3 9.5 361.7 78.2 171.7 L5.L 5.6 25.8', 96.6 176L.4 ~~anufstturad roods (46.3) (8.6) (30.0) (35.6) (120.3) ~ L.i (6.8) (21.7) 46 .1) 7~.1 ..acho-nr.er ' ranspo)rt (j ()-) (0.3) (0.3) -7(0.2) (O.L) (0.1) '0.7) Rest (3.-0) (1.1) (6.7) (62.3) (51.1-) (1.9) (-1.6) (3.7) (466.0) (55.>z ______ 0.7 - ~~~~ ~ ~ ~~~~~~~~~ ~ ~~~~ ~~~~1.5 -2.2 0.6 0.2 O.- C". :oat. Trans-i:.ctns 0.7 -1.5 - .2 O.s 0.2 0.1 'PTO: I,672.5 2,0510.5 880 9. 7 1,030.6 L3,7c3 .6 ',456.8 LL326~.6 ,510. 5 1,5L7.2 1,> 1967? 1968 Antue -,terials 2107.0 2 o 2831 .1 179.7 3,221.3 5 1219.1 i92~6.- 7Q 2 7 Crude :Iaterialas 207.0 3.5 2,830.3 1 7n. 6 3,2o8.0 0 19.0 1,8 o U 7 c -2neral cuels --C.; 3.G.-C- F courif 1i9 2,375.3 6 ,227. 1,200.0 11, 2 09. 1 C0o 2,661.1 5,5L L6 ______C)____C FooK --,,Lo9.0 2,1375.5 2 I2?.C 1- ,112. o1,T -219.7 , 2, o.,527 0 0 C 0 2 2 hIevera0e B, Tasacco C.1. C.0 51 7 37 .2 69.oj 6. 7 -rno:actccred 20oczs 51.1 37.2 170.,.311.9-500. 59.7 C 'c Tovear -0.5 7 06 6. 'Footvear )) ))(( (, A - Coenccals 37.5 3~~~ ~ ~~~~~~ ~ ~~~0.6 fl4l - 0.? 5.5 625. L0O. 1'7~. 7. onesocels (37.5) (30.6) (161.2) ~~~~~~~~~~~~~~(104-27(15.) 882 ) (35.6) (~ 1 ' , 9.. Oth-er 'anufactures 63. 6.I3 18. 0. 51 .1 26.3 97.2 100.1 27. 'anufactured Faooos (33.0) (85.6) (.) (6I3.6) (8) 37) (.5) (.) (38.6) 155 "acnsnery 0', Transpo,rt (0.1) (- (0.37 (-7 06 - - - - as t (10.0) (-(3.9) (86.6) (98.3) (1.6) (15.8) (21.77 (63.3) >22 O)th:ers 331.2 LE.2 1.3 55. 5 255.2 0.5 - .6 0.6 1.5 CIisc. Transactions -33.2 8.2 15-8. 55.7 55 2552 0.57 - .6 06 1.5, TOTAL ,79 0.6 4 2,426.c 9,366.0 1750.1 15392170 2,539.8 7,751.7 1,626.2 13,888.8 Table 3.6: GUYANA - EXPORTS BY COMMODITIES TO CAIRIFTA TERRITORE;S, 1965-71 (contd.) (US$ 000) 1969 1970 Trinidad- Trinida- Barbados Jamaica Tobago Others Total Barbados Jamaica Tobago Others Total Crude Materials 136.7 79.6 2,053.6 183.7 2,453.6 139.2 13.6 4,203.3 211.7 4,567.8 Crude ltateria.w 136.7 79.6 2,053.2 183.0 2,452.9 139.2 13.6 4,201.1 211.7 4,565.6 Mineral Fuels - - 0.4 0.3 0.7 - - 2.2 - 2.2 Foodstuffs 1,222.3 2,215.5 5,399.0 1,290.2 10,127.4 1,560.7 2,382.3 5,556.8 1,276.5 10,776.7 Food 1,193.6 2,207.8 5,344.6 1,239.4 9,985.3 1,029.2 2,346.2 5,446.5 1,206.9 10,428.9 Beverage et Tobacco 28.7 7.7 54.8 50.9 142.1 131.5 36.0 110.3 70.0 307.8 Manufactured Goods 193.4 120.1 522.7 558.1 1,394.3 290.0 310.6 768.9 659.6 2,029.1 Clothing & Footwear 21.5 8.5 61.3 119.2 210.5 87.0 118.6 208.3 203.9 61i.2 Clothing (21-5) (8.5) (61.3) (119.2) (210.5) (85.6) (72.1) (156.8) (197-9) (512.0) Footwear (-) (-) (-) (.) (.) (1.8) (46.5) (51.5) (6.0) (105.8) Chemicals 93.7 49.1 244.5 189.1 576.0 100.2 60.2 307.2 96.6 708.2 Chemicals (93.7) (09.1) (244.5) (189.1) (576.4) (100.2) (64.2) (347.2) (96.6) (708.2) Other iianufactures 78.2 62.5 217.0 249.7 607.4 102.4 127.6 213.L 259.1 702.7 'anufactured goods (49.3) (58-1) (217.0) (69.9) (309.3) (89-5) (116.8) (186.7) (67.1) h660.0 M'achinery & Transport (15.5) (-) (10-5) - (26.0) (0.1) _ (0.6) 0.7 Dest (13.0) (4.0) (30.5) (179.8) (232.1) (12.8) (11.0) (26.7) (191.0) (242.0) Others 0.7 - 0.5 1.0 2.2 3.5 0.5 0.5 - 4.5 Misc. Transactions 0.7 - 0.5 1.0 2.2 3.5 o.5 0.5 - 0-5 TOTAL 1,553.1 2,415.2 7976-2 2,033.0 13,977.5 1,993.4 2,707.0 10,529.5 2,108.2 17,'78.3 1971 Crude llaterials 1,574.5 15.2 6,873.9 223.6 8,687.2 Crude Materials 1,570.2 15.2 6,873.9 223.6 8,686.9 Mineral Fuels 0.3 - o 0.3 Foodstuffs 1,584.5 2,626.2 6,366.3 976.6 11,553.6 Food 1,580.5 2,626.2 6,332.5 950.8 11,494.0 Beverage & Tobacco - - 33.8 25.8 59.6 llanufactured goods 012.1 479.9 789.6 780.9 2,066.5 Clothing & Footwear 177.1 267.4 208.0 37 930.1 Clothing (167.3) (83.6) (166.8) (101.2) (618.9) Footwear (9.8) (183.8) (81.2) (36.0) (311.2) Chemicals 136.7 88.3 419.3 360.1 1,000.4 Chemicals (136.7) (88.3) (419.3) (360.1) (1,004.4) Other Manufactures 98.3 124.2 122.3 187.2 532.0 Manufactured goods (57.2) (108.5) (109.7) (72.9) (308.3) Machinery & Transport (0.1) - (0.4) (0.3) (0.8) Rest (01.0) (15.7) (12.2) (114.0) (182.9) Others 444.4 83.2 010.7 579.4 1,517.7 Misc. Transactions 1:II 17 579l 1,517.7 TOTAL 4,015.5 3,204.5 14,440.5 2,560.5 24,225.0 Source: Ministry of Economic Development, Statistical Bureau. Table 3.7: GUYANA - MERCIANDISE DIPORTS FROyM CARIFTA COUNTRIES BY END USE CATEGORY, 1965-71 (uS$ 000) 1965 1966 Trinidad- Trinidad- Barbados Jamaica Tobago Others Total Barbados Jamaica Tobago Others Total Consumer Goods 71.6 540.5 956.5 167.4 1,736.0 63.2 598.2 700.5 65.7 1 1427 6 Food 35.5 182.9 235.3 166.5 620.1 40.3 260.0 178.5 6UT.8 543.6 Other non-durables 18.1 282.3 363.6 - 664.0 22.4 328.1 402.8 - 753.3 Durables 18.0 75.3 357.6 0.9 451.9 0.5 10.1 119.2 0.9 130.7 Raw Materials & Intermediate Goods 36.3 112.6 9,853.4 237.8 10,240.1 69.5 441.0 10,144.4 53.3 10,708.2 Fuel & Lubricants - 43.1 8,539.0 143.3 8,725.4 - 316.5 8,717.8 - 9,034.3 Chemicals - 63.5 1,231.8 2.6 1,297.9 32.2 99.5 1,329.2 2.6 1,463.5 Textiles 4.1 - 6.5 - 10.6 0.6 5.0 24.7 - 30.3 Others 32.2 6.0 76.1 91.9 206.2 36.7 20.0 72.7 50.7 180.1 Capital Goods 107.1 75.9 153.2 - 336.2 65.1 285.4 994.1 0.1 1,344.7 Building materials 106.7 75.3 127.1 - 309.1 63.0 245.9 951.2 - 1,260.1 Machinery a Transport equip. 0.1 0.5 19.8 - 20.4 - 38.9 22.4 0.1 61.4 Others 0.3 0.1 6.3 - 6.7 2.1 o.6 20.5 - 23.2 TOTAL 215.0 729.0 10,963.1 405.2 12,312.3 197.8 1 324.6 11,839.0 119.1 131480.5 1967 1968 Consumer Goods 141.0 485.9 1 131.3 175.4 1 933.6 143.1 556.2 1,225.9 63.7 1,988.9 Food 27.6 32.5 159.1 131.5 350:7 52.6 182.0 369.2 62.9 666.7 Other non-durables 65.6 278.5 535.5 43.5 923.1 54.5 295.5 540.9 0.7 891.6 Durables 47.8 174.9 436.7 0.4 659.8 36.0 78.7 315.8 0.1 430.6 Raw haterials & Intermediate Goods 139.5 300.1 11,187.2 359.0 11,9B5.8 40.1 421.2 10,180.8 103.4 10,745.5 Fuel p,& Tubricants - 125.2 9,822.4 - 9,947.6 18.3 251.9 8,885.0 - 9,155.2 Chemicals 30.1 129.4 1,293.5 1.3 1,454.3 12.6 148.8 1,206.7 24.2 1,392.3 Textiles 3.1 - 9.6 - 12.7 0.2 - 22.5 - 22.7 Others 106.3 45.5 61.7 357.7 571.2 9.0 20.5 66.6 79.2 175.3 Capibal Goods 132.7 200.8 236.6 - 620.1 i62.8 2143.7 980.5 0.1 1,387.1 euilding materials 173.1 200.7 205.5 - 579.3 157.0 241.6 954.3 - 1,352.9 '!achinery & Transport Equip. 9.6 - 28.5 - 38.1 5.5 1.3 23.3 O.1 30.2 Others - 0.1 ^.- 2.7 0.3 0.8 2.9 - 4.0 Others - 108.3 108.3 50.6 81.2 452.3 2.1 586.2 TOTAL 463.2 1,095.1 12,555.1 534.4 ]4,647.8 396.6 1,302.3 12,839.5 169.3 14,707.7 Table 3-7: GUYANA - MERCHANDISE IMPORTS FROM CARIFTA COUNTRIES BY END USE CATEGORY, 1965-71 (Cont'd) (USE '000) 1969 1970 Trinidad- Trinidad- Barbados Jamaica Tobago Others Total Barbados Jamaica Tobago Others Total Consumer Goods 311.4 1,005.6 2,759.5 55.6 4,135.1 270.0 815.8 3,081.4 328.0 4,495.2 Food 117.1 31L.2 994.6 39.3 1,465.2 124.8 353.8 1,056.1 307.5 1,842.2 Other non-durables 128.4 349.8 970.2 13.1 1,461.5 144.4 361.5 1,456.8 18.1 1,980.8 Durables 68.9 341.6 794.7 3.2 1,208.4 0.8 100.5 568.5 2.4 672.2 Raw Materials & Intermediate Goods 31.5 350.0 9,860.9 12.7 10,255.1 34.0 682.8 11,251.1 22.7 11,990.6 Fuels and Lubricants 3.1 193.8 8,361.9 - 8,558.8 - 354.6 9,930.0 - 10,284.6 Chemicals 12.8 126.9 1,252.9 - 1,392.6 31.4 263.9 1,227.9 3.8 1,527.0 Textiles 0.1 2.6 71.7 - 74.4 0.2 4.9 47.0 - 52.1 Other 15.5 26.7 174.4 12.7 229.3 2.4 59.4 46.2 18.9 126.9 Capitals Goods 127.4 287.5 1,223.1 - 1,638.0 97.0 140.1 1,397.3 4.7 1,639.1 Building materials 110.7 216.4 1,200.5 - 1,527.6 90.1 131.6 1,388.7 4.1 1,611.5 Machinery & Transport equip. 16.7 70.6 15.1 - 102.4 6.6 8.3 7.2 0.1 22.2 Others - 0.5 7.5 - 8.0 0.3 0.2 1.4 0.5 2.4 Others _ - 161.2 - 161.2 62.3 275.4 42,.1 0.9 763.7 TOTAL 473.3 1,643.1 11,004.7 68.3 16,189.4 463.3 1,914.1 16,154.9 356.3 18,888.6 1971 Consumer Goods 310.8 1,108.9 3,394.7 102.9 4,917.3 Food 181.8 401.7 1,354.6 102.9 2,044.0 Other non-durables 42.9 355.2 1,233.3 - 1,631.4 Durables 83.1 352.0 806.8 - 1,241.9 Raw Materials & Intermediate Goods 38.0 447.3 11,948.4 115.4 12,549.1 Fuel and Lubricants - 195.1 10,289.5 10,600.0 Chemicals 35.0 192.3 1,581.5 1,811.8 Textiles - - 25.4 25.4 Other 3.0 59.9 49.0 111.9 Capital Goods 132.4 40.0 1,467.6 - 1,640.0 Building materials 109.9 40.0 1,454.3 - 1,601.2 Machinery & Transport equip. 22.5 - 13.3 - 35.8 Others - - - - Others 113.8 553.8 150.3 393.2 1,161.1 TOTAL 595.0 2,150.0 16,911.0 611.5 20.267.5 Source: Ministry of Economic Development, Statistical Bureau. Table 3.8: DIRECTION OF FOREIGN TRADE, 1960-1972 (TJS$ millions) 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 Total Exports 75.0 87.1 95.9 100.8 98.8 103.3 112.2 122.0 115.2 126.6 133.2 JJ43.6 148.4 United Kingdom 27.3 21.0 22.1 23.8 19.2 23.9 23.3 29.9 24.2 29.3 26.3 35.7 41.9 Canada 18.4 22.3 25.8 34.4 28.3 22.3 23.0 22.7 22.5 23.2 25.0 15.5 5 J United States 12.0 17.9 20.2 1L.6 15.1 17.8 23.4 28.5 28.1 31.5 36.6 38.1 32.2 OECD Countries and Dependencies A1 2.3 4.3 10.4 8.7 11.5 11.8 15.4 16.5 11.8 15.3 18.9 18.0 15.2 CARIFTA 11.3 13.5 11.0 13.5 13.6 13.6 13.4 17.1 14.4 15.7 17.9 24.7 34.0 Rest of World 3.7 8.1 6.4 5.8 11.1 13.9 13.7 7.3 14.2 11.6 8.5 11.6 20.0 Total Imports 86.3 85.7 73.9 69.1 88.0 105.5 118.1 125.1 106.1 117.2 133.4 133.7 141.1 United Kingdom 33.7 33.0 26.1 23.3 29.2 32.4 38.4 31.9 31.2 36.8 41.5 41.6 43.2 Canada 9.1 6.1 5.5 5.7 7.9 8.5 10.8 13.8 9.0 9.7 12.1 7.4 7.3 United States 17.1 16.7 16.9 14.4 19.8 25.3 27.0 34.6 24.4 25.1 31.4 32.7 34.5 OECD Countries and Dependencies /1 10.5 12.4 9.2 8.9 10.6 12.4 15.0 17.9 13.4 13.3 14.9 15.8 15.1 CARIFTA 8.6 9.4 9.5 9.0 10.2 10.2 13.9 14.2 14.7 16.1 18.9 20.2 24.5 Rest of World 7.3 8.1 6.7 7.8 10.3 16.7 13.0 12.7 13.7 16.2 14.6 16.0 16.5 /1 EC! and EFTA and dependencies excluding U.K. Source: Ministry of Economic Developnent, Statistical Bureau. Table 3.9 TRADE INDICES AND TERMS OF TRADE, 1960-71 (1969 100) Export Import Export Import Terms of Quantum Quantum Prices Prices Trade Index Index 1960 67.6 76.8 88.0 1961 81.0 80.2 73.7 76.3 96.6 1962 86.9 74.4 75.5 79.2 95.3 1963 76.1 67.9 90.5 82.9 109.2 1964 77.8 86.9 86.9 78.3 111.0 1965 86.6 90.3 76.7 89.8 85.4 1966 95.8 111.3 80.4 91.7 87.7 1967 94.2 106.2 87.1 94.2 92.5 1968 95.8 100.6 94.6 95.5 99.1 1969 100.0 100.0 100.0 100.0 100.0 1970 101.1 110.0 103.7 109.2 95.0 1971 95.1 117.8 109.3 115.9 9h.3 Source: Ministry of Economic Development, Statistical Bureau, and Mission Estimates. 1973 1974 i975 1970 1977 'xDorts ol' Goods and N1on-factor Services 171.8 19'7-5 222.1 243.i 262.7 imports of Goods and jTon-factor Services 192.7 205.2 22).LQ 2d4.± 277.3 lR.esource Balance -20.9 -7.7 -7.3 -11.0 -16i.6 ljet Interest -3.7 -3.9 -5.o -5.3 interect on Public Debt -6.9 -8.6 -9.9 -10.5 -11.3 iet Direct investnent I'ncone -9.3 -9.0 -10.7 -11'. -12.3 Factor Service IneoiTte -13.0 -12.9 -15.6 -16, -17.6 Current Blalance -33.9 -20.6 -22.8 -27.4 -32.3 Net lirect Foreign Investment 1.5 2.0 I.0 o.0 8.0 Nlet l'ublic Pisbursements 16.3 22.5 26.9 26.9 28.6 (Gross Public Disbursements 21.2 27.8 34.5 35.i 37.6 Amortization -4.9 -5.3 -7.6 -8.2 -9.1 Other Private Infiowis 11.0 3.0 2.0 0.0 0.0 Other Capital Inf'lows 0.0 0.0 0.0 2.5 2.5 CAPITAL TIALMICE 25.8 27.5 32.9 35). 39.1 Chan,ce in T?eserves +8.1 -6.9 -10.1 -8.0 -6.8 Source: i'ission Sstiinates. Table 3.11: EXPORT PROJECTIONS, 1973-77/1 (US$ millions) 1973 1974 1975 1976 1977 MIerchandise Exports 1)40.9 175.4 199.9 219.0 237.0 Agriculture 62.7 75.3 84.2 91.5 100.2 Sugar Value 40.9 51.3 59.2 65.2 71.9 Volume 256 310 335 362 391 ?rice 160 165 177 180 lOL to U.K. Value 35.1 34.3 02.0 47.4 53.0 Volume 230 225 250 275 300 Price 152.5 152.5 168.0 172.2 176.5 to U.S.A. Value 5.8 17.0 17.2 17.8 18.9 Volume 26 35 85 67 91 Price 220.0 200.0 202.0 204.8 207.3 Rice Value 12.9 i 2.i 10." _ 1.L 12.2 Volume 63.0 67.5 9.0 72.2 70, Price 20- '779 1Sc 17 ' 5_ Shrimp Value 5. 5.3 5.9 0.1 6.9 Volume (million long; tons' 12.1 12.9 13.7 10.5 15.0 Price 0.40 0.41 0.43 0.44 0.4S Timber 1.7 1.8 2.3 3.2 3.9 Other 5.0 .2 50L 5.6 5.c Mineral 20.5 92.5 106.L il 1 . 2L.2 Eried Bauxite Value 11.3 ., 5. - 9.0 17., Volume 1,2C2 1,700 1,900 1,900 1,750 Drice 9.7 ' 10.0 10.0 10.0 Refractory Grade ,.aux:-e Value _.6 .. 2.1 2.2 2.4 Volume 60 71. 77 81 85 Price 2,.0 -75 27.1 27.6 26.1 ^hemica' Graue 'iauyiLe Value ^, 2 _ .7 3.7. 3.6 Volume 2-0 22', C,' '5~ 2o6 .rice '2.2 -2.5 i2.3 73.1 13.0 ralcine ' - Value 36.7 0.7 -o.l <.0 72.7 Volume 65(0 25 coo 7,000 1,095 rice S )2.3 5.0 66.1. Value 13.7 20._ 21.3 21.7 Volu7.e 24 7 (!O '10 31C 310 '-CP _56. _2.0 67.0 >6.7 70.0 ilurmina ::yHrate 'v'a1ue ' .~ _ 4 ;.J .0 0l;.6 V ol ,.e 3, - 0 65 :rice 51.0 53.5 55.0 56.0 :.aoiin Value 0.3 0O7 olu u-e iL .ri.e 70.0 - Other 1 . ,;anufactures a. 7.3 9.3 11.2 13." h Vol ume: 'i}ousand on:r tons unless othe-wvise stated. .;ource: >-nssion 7'stirnatcs. REVISED TABLE4,1 b GUYANA 07/26/73 EXTERNAL PUBLIC DEBT OUTSTANDING AS OF DECEMBER 31 1972 DEBT REPAYABLE IN FOREIGN CURRENCY PAGE I IN THOUSANDS OF U.S. DOLLARS DEBT OUTSTANDING DECEMBER 31.1972 CREDITOR COUNTRY UNDIS TYPE OF CREDITOR DISBURSED BURSED TOTAL UNITED KINGiDOM 6,900 200 7,100 PRIVATE BANKS 6#900 200 7,100 UNITED KINGDOM 6, 39Y - 6,p 99 PUBLICLY ISSUED BONDS 6D399 6,399 CAN AD A 52, 9 - 52*898 NATIONALIZATION 52,898 52,898 I BND 4,0jl 9.Y769 13.,300 IDA 7zb5 B767 9,552 LOANS FROM INTL. ORGANIZATIONS 4.*796 18P056 22.852 CANADA 5,516 3,301 8,p17 UNITED KINGDOM 43p9tb 7,260 51,238 1USA 32,4U9 22 8i48 55,257 LOANS FROM GOVERNMENTS 81.903 33,409 115.312 TOTAL EXTERNAL PUBLIC DEBT 1) 152.896 51.665 204,561 NOTEI DEBT WITH A MATURITY OF OVER ONE YEAR EXCLUDES IMF NET DRAING OF SDR 1.5 MILLICN, EQUIVALENT TO US 1.6 MILLION. 1) NET OF ACCUMULATED SINKING FUNDSI AMOUNT UNITED KINGDOM 10. 382 PUBLICLY ISSUED BONDS 10,382 TOTAL 10382 REVISED TASLE4,-' 4UYANA 07/27/73 EXTERNAL PUBLIC DEBT AS OF DECEMBER 31.1972 DEBT REPAYABLE IN FOREIGN CURRENCY PArE I IN THOUSANDS OF U.S. DOLLARS TOTAL DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCEL. LATIONSo DISBURSED INCLUDING COMMIT' DISBURSE- SERVICL PAYMENTS ADJUSTs YEAR ONLY UNDISSURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS (1) (2) cI) (4) Cs) '(4) (7) C) 1966 60,s39 66A339 7.856 2,063 3*526 3#'815 7,341 *797 1967 58.576 69,872 10.497 5.929 4.025 3.173 7.198 *7,870 1968 52.431 68,474 23.167 7.578 5.060 3.024 8s084 '552 1969 54P396 86.029 38.700 12.032 2.461 2.839 5.100 311 1970 63#719 1210957 5.436 11.27a 31059 21894 5D953 *3.086 1971 71.934 121.248 70.390 69.373 1.496 3#116 4D612 4'172 1972 143,413 194P314 13P396 12r782 2.513 5.722 8235 '636 1973 152.896 204.561 140278 40867 6018 11.685 4.714 19r4 157.941 194P980 ' 12P641 5.156 7.220 12,376 *329 1975 16s509? 189.495 ' 10.419 5.349 7.916 13P266 *350 1976 169.817 183.796 60345 5#912 o,033 13P946 '372 1977 169.877 177.512 3,457 6P439 7P922 14,361 236 1978 166P660 170.837 2.833 60958 7.781 14.739 '253 1979 162.282 163,627 765 T.692 T.505 15.197 270 1980 155.086 155.665 330 81298 7.055 15.353 '288 1981 146s831 147.079 248 8.929 60606 15.535 '307 1982 137.843 137.843 8.773 6.242 15 015 '328 1983 128#441 128.741 a' 8,936 5c827 14r763 *350 1984 119P455 119P455 - 8590 5.352 13.942 '373 1985 110.493 110.493 - 8.756 4.659 13,415 '437 1986 1010300 101.300 8175 3.9a1 12.156 1987 93.125 93.125 8 e8082 3.544 11.626 - 1988 85.043 85.043 8,o065 3.114 110179 - 1989 76,97r 76.977 - 8,235 2.684 10.920 1990 68s742 68.742 8 ' 8,380 2.247 10.627 1991 60,361 60.361 8, 6D638 1A801 10.439 1992 s1.723 51*723 4,9 4167 1.345 5.512 NOTE: INCLUDES ALL DEBT LISTED ON TABLE,4.3,PRFPARED AUG G5 1S73. WITH THF, FOlJkWOING FICl9'TJON FOR WHIC1H REPAYMET TEIMS ARE NOT AVAILA.BLE. EXCLUDES IMF NET DRAWINGS OF SDR 1.5 MILLION, EQU)VALJO'iT TO US$1.6 MILLION, LOANS FROM GOVERNMENT - UNITED KINGDOM $1,337 REVISED TABLE4.-Q GUYANA 07/27/73 EXTERNAL PUBLIC DEBT AS OF DECEMBER 3101972 DEBT REPAYABLE IN FOREIGN CURRENCY PAGE 2 IN THOUSANDS OF U.S. DOLLARS SUPPLIERS DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCEL- LATIONS, DISBURSED INCLUDING COMMIT' DISBURSE' SERVICL PAYMENTS ADJUSTm YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS ti) (2) C3) (4) Cs) X*) CT) CO) 1966 952 952 ' ' 104 25 132 1967 848 848 ' 193 39 232 '10S 1968 550 550 ' - 178 33 211 1969 372 372 178 19 197 1970 192 192 ' ' 178 10 180 1971 14 14 * 15 15 1972 I . a a REVISED TABLE1A ' GUYANA 07/27/73 EXTERNAL PUBLIC DEBT AS oF DECEMBER 31.1972 DEBT REPAYABLE IN FOREIGN CURRENCY PAGE 3 IN THOUSANDS OF U.S. DOLLARS PRIVATE BANKS DEBT OUTSTANDING TRANSACTIONS DURINO PERIOD BEGINNING Of PERIOD CANCtL- LATIONS, DISBURSED INCLUDING COMMITO DISBURSEN SERVICE PAYMENTS ADJUSTe YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL tNTEREST TOTAL MENTS cl) (2) (3) (4) C5) CT) Cs) 1966 6,900 6.900 0 1D900 536 2,436 3 1967 5.000 5.000 1-700 350 2*050 100 1968 30200 3,200 1.700 153 1,853 0 1969 1l500 1,500 7.300 300 900 41 941 1970 900 7.900 1.200 600 143 743 1971 l.500 70300 * 3#00 300 300 0 1972 4.500 7#300 2#800 543 543 *200 1973 6.900 7,100 1 190 711 '711 0349 1974 6.040 6,040 - - 711 711 1975 5#329 S,329 * 711 ' 711 1976 4.619 4.619 - 711 ' 711 1977 30908 3.908 '711 * '11 1978 3o19e 3.198 0 711 ' 711 1979 2J487 2.487 0 711 711 1980 10776 1.776 ' 711 ' 711 1981 1J066 1.066 ? 711 711 1982 355 355 355 355 REVISED TABLE4.Q - GUYANA 07/27/73 EXTERNAL PUBLIC DEBT AS OF DECEMBER 310 1972 DEBT REPAYABLE IN FOREIQN CURRENCY PAuE 4 IN THOUSANDS OF U.S. DOLLARS PUBLICLY ISSUED BONDS DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCEL& LATIONS, DISBURSED INCLUDING COMMITs DISBURSE- SERVICE PAYMENTS ADJUSTs YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS (1) (2) (3) (4) (S) (6) C?) CA) 1966 140432 14432 ' 455 987 1#442 '795 1967 13'182 13*182 ' 476 849 1.325 02.305 1968 10*401 10.401 ' 2.021 848 2.869 '549 1969 7*831 7pd31 156 650 806 '242 1970 7,433 7,433 ' 156 638 794 *334 1971 6.943 6.943 ' ' 160 653 813 221 1972 7.004 7.0004 1 ' 169 693 862 436 1973 6P399 6.399 a 3 150 708 858 '625 1974 5,624 5P624 ' 150 638 788 '329 1975 5.145 5.145 ' a 150 638 788 '350 1976 4.646 4P646 1 * 138 638 776 '372 1977 4,136 40136 a 3 94 638 732 '236 1978 3P806 3P006 a a 94 638 732 '253 1979 30459 3,459 - ' 94 638 732 '270 1980 30O95 3,Q95 * 94 555 649 *288 1981 2P713 2,713 - U 94 471 565 '307 1982 2o311 2.311 ' ' 94 471 565 0326 1983 10889 1.889 a ' 94 471 565 '350 1984 1.445 1,445 - a 94 471 565 '373 1985 978 978 a ' 541 236 rr7 7437 RE. jED TA5LE4. a GUYANA or72tg/3 EXTERNAL PUBLIC OCIT AS OF DECEMBER.J1*1972 DEBT REPAYABLE IN FOREIGN CURRENCY PAG 5 IN THOUSANDS or U.s. DOLLARS NATIONALIZATION DEBT OUTBTANOINS TRANSACTIONS DURING PERIOD BEGINNING Of PERIOD CANCELS LATIONS, DISBURStD INCLUDING COMtYI DiSlUR6SE SERVICE PAYMWNT5 ADJUTl. YEAR ONLY UNOZSBURSLD NENTI MINTS PRINCIPAL ATERA&STt ?TAL NINTS cl) cI) (3) (4) CS) &))- C) CS) 1971 * ' 53,797 53r797 ' * - 1972 53t797 53.797 * U 900 1#900 2.800 19?3 52*898 52.898 ' 1'.579 3*174 40r53 1974 51.319 51.319 a 1'672 3.079 4.751 1915 49g647 49.0647 a 10771 2.p9g 4.750 1976 47#876 47.876 ' 1.75 20873 4.a748 1977 46.001 46#001 U u 1.986 2.760 4.746 1978 44.015 44.015 ' 20104 2.641 4.145 1979 41.911 41.911 a 2,228 2.515 4*.4) 1980 39.683 39.683 2,360 2.381 4.741 1981 37.323 37#323 a ' 2,648 2.239 4.807 1982 34.675 34.675 ' ' 2.500 2.081 40581 1983 32.1T5 32.175 * U. 2.805 1.9)1 40736 6 198k 29.370 290370 U ' 2.972 10762 4.r734 1985 26,398 26.398 ' ' 3,148 I.S4 4.732 6 1986 23.250 23.250 * 3336 1.395 4.731 1987 19.914 19#914 - 3.536 1.195 4.7)31 1988 16.378 16.378 ' 3oT44 983 4.727 - 1989 12#634 12.634 e 3.967 7se 4.725 1990 80667 860667 ' 4.203 520 4.723 1991 40464 49464 ' ' 4.464 268 4.732 REVISED TA9LE4.R' GUYANA 07/27/73 EXTERNAL PUBLIC DEBT AS OF DECEMBER 31.1972 DEBT REPAYABLE IN FOREIGN CURRENCY PAGE 6 IN THOUSANDS OF U.S. OOLLARS LOANS FROM INTL. ORGANIZATIONS IORD DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCEL; LATIONS, DISBURSED INCLUDING COMMIT' DISBUR6[0 SERVICE PAYMENTS ADJUST; YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MINTS tl) C2) (3) (4) Cs) 6) C) CS) 1966 604 604 ' 139 32 l17 1967 465 465 u 146 24 170 1968 319 319 5J000O 155 16 171 1969 164 5.164 2,900 52 164 7 171 - 1970 52 7.900 ' 254 ' 64 64 1971 306 7.900 5P400 1.717 ' 109 109 1972 2#023 130300 2.008 ' 256 256 1973 4*031 13P300 2#954 60 363 423 1974 6.925 13.240 U 2.706 125 524 649 1975 9.505 13.115 * 2,204 135 6V2 827 - 1976 11P574 12P980 ' 469 205 798 1.003 1977 11*838 12.775 ' 469 280 812 1*092 1978 12.026 12.495 a 469 305 823 1*128 - 1979 12.190 12J190 ' ' 400 824 1J224 U 1980 1 1 . 790 11.790 430 796 1.226 1981 11.360 11.360 6 ' 455 767 1.222 a i982 10.905 10.905 ' 465 735 1.220 a 1983 100420 10,420 520 702 1.222 1984 9.900 9.900 U a 55U 666 1I216 1985 9j350 9J350 a 6 00 62B 1.228 0 1986 8r750 8r750 * 635 586 10221 a 19d7 8115 8,115 a ' 675 543 1.218 1988 70440 7.440 - a 720 496 1.216 1989 6.720 6.720 7 7 rT 446 1.216 199C! 5J950 5.950 ' ' 030 393 1J223 1991 5#120 5.#120 ' ' 090 335 1.225 1992 4.230 4.230 ' a 945 274 1.219 REVISED TABLE4.- GUYANA 07/27/73 EXTERNAL PUBLIC DEBT AS OF DECEMBER 31.1972 DEBT REPAYABLE IN FORLION CURRENCY PAGE 7 IN TMOUSANDS OF U.S. DOLLARS LOANS FROM INTL. ORGANIZATIONS IDA DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING Of PERIOD CANCELe LATIONS, DISBURSED INCLUDING COMmiT- DISBURSEN SERVICE PAYMENTS ADJUSTs YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTERELST TOTAL MENTS (l) (2) M3) (4) Cs) 46) CT) (8) 1969 U ' 2.900 66 - 1970 66 2.900 2.200 299 ' a 1971 365 5,100 a 176 * 4 4 1972 541 5.100 4 400 172 . 5 5 52 1973 765 9.552 m 911 ' 6 6 6 19?4 1.676 9.552 - 1.491 * 10 10 t 1975 3'167 9P552 ' 10623 16 16 a 1976 4#790 9.552 ' 1.433 3 22 22 1977 6'223 9P552 ' 1,061 ' 28 28 1978 7.284 9,552 ' 1.032 ' 32 32 1979 8.316 9P552 ' 6S8 29 35 64 a 1980 8'945 9.523 - 330 29 37 66 - 1981 90245 9.493 248 52 38 89 a 1982 90442 9A442 a a 74 54 128 a 1983 9.368 9.368 ' ' 96 70 166 a 1984 9.272 9P272 ' 96 69 165 1985 9#177 9.177 ' ' 96 69 164 a 1986 9'081 9.081 a 96 68 163 a 1987 80986 8.986 ' ' 96 67 163 a 1988 8P890 8,890 ' ' 96 66 162 a 1989 B.795 8.795 ' ' 154 66 220 1990 8.640 5.640 U 154 65 219 X 1991 8P486 68486 ' ' 199 63 262 - 1992 8e257 8.287 ' 243 62 304 4 REVISED TABLE4-,' GUYANA O7/27/73 EXTERNAL PUBLIC DEBT AS OF DECEMBER 31#1972 DEBT REPAYABLE IN FOREIGN CURRENCY PAGE 8 IN THOUSANDS OF U.S. DOLLARS LOANS FROM INTL. ORGANIZATIONS DEBT OUTSTANDING TRANSACTIONS DURING PERIUO BEGINNING OF PERIOD CANCELS LATIONSo DISBURSED INCLUDING COMMZT' DISBURSES SERVICE PAYMENTS ADJUST* YEAR ONLY UNOISBURSED MENTS MENTS PRINCIPAL INtEREST TOTAL MENTS cI) (2) (3) (4) (5) t6) Ct) (a) 1966 604 604 ' 139 32 171 1967 465 465 ' ' 146 24 170 1968 319 319 50000 1S5 16 171 1969 164 5,164 5.800 11i 164 7 171 1970 118 10,800 2P200 553 - 64 64 - 1911 671 13OOO 5.4UU 1.893 O 113 113 - 1972 2#564 18'400 4'400 2'180 r 261 261 52 1973 40796 22,852 a 3.865 60 368 428 1974 8.601 22.792 ' 4.197 125 535 660 1975 121672 22.667 ' 3,827 135 706 843 19t6 16'364 22'532 ' 1,902 205 821 1.026 1977 18.061 22J327 a 1'530 260 640 1D120 1978 19'310 22.047 . 1,501 305 855 10160 1979 201506 211742 658 429 859 1.288 1980 20.735 21J313 ' 330 459 833 1J293 1981 20605 20.653 * 248 507 804 10.31 a I 82 20'347 200347 6 559 789 1R34 1983 191788 19.788 ' ' 616 772 1.387 1984 19.172 19 f172 7 ' 646 735 1*3a1 l 1985 18.52? 180527 ' ' 696 696 1.392 1986 1 7831 178d31 D 731 654 1.385 a 1987 17101 1 7101 -771 610 1.380 3 1988 16S330 16.330 816 562 1.378 1989 15.515 15.515 ' 924 512 1.436 1990 14.590 14#590 - 984 457 1#442 4 1991 13#606 13.606 * ' 11089 398 1.487 U 1992 12517 12#517 a a 1 1p8 336 1.523 REVISED TABLE4.Q ' GUYANA O7/2T/73 EXTERNAL PUBLIC DEBT AS OF DECEMBER 31#19T2 DEBT REPAYABLE IN FOREIGN CURRENCY PAGE 9 IN THOUSANDS OF Us. DOLLARS LOANS rROM GOVERNMENTS CANADA DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCELs LATIONS, DISBURSED INCLUDING COMMIT' DISBURSE' SERVICE PAYMENTS ADJUSTO YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS Cl) C2) (3) C4) Cs) -S) CT) (S) -41966 * 1,665 139 ' a 1967 139 10665 a 703 e l a 1968 842 10664 10666 1.113 ' ' 1969 1J954 3.330 579 ' ' 1 1970 2.S35 3#331 2#775 2#07w 70 78 428 1971 4,935 6.534 2.293 444 a ' 39 1972 5J403 8P866 113 c '49 1973 5.516 8.817 l i.l 6 ' 52 1974 6'659 80869 921 ' ' ' 1975 7.581 8.869 514 ' ' 1976 8J095 8.869 380 6 a 1977 8.475 8.869 185 45 ' 45 1978 8.615 8p824 a 162 73 ' 73 1979 8O704 8.752 47 89 * 89 1980 8P663 8.663 156 156 i981 8.507 8.s507 220 ' 220 1982 80287 8287 220 * 220 1983 8.0067 8067 a a 220 ' 220 1984 7,847 744 76647 220 * 220 1985 70627 70627 a 220 * 220 1986 7,407 70407 - 220 220 1987 7A187 7.r187 220 220 a 1988 6.967 6.967 220 * 220 1989 6P747 6.74T 220 ' 220 1990 6t,527 6P527 6 220 * 220 1991 6o3u7 6A307 220 * 220 1992 6.087 6.u87 ' 6 220 a 220 RE\ -a TASLE4.- m GUYANA 07/27/73 EXTERNAL PUBLIC DEBT AS OF DECEMBER 31S1972 DEBT REPAYABLE IN FOREIGN CURRENCY PAGE 10 IN THOUSANDS OF U.S. DOLLARS LOANS FROM GOVERNMENTS UNITED KINGDOM DEBT OUTSTANDING TRANSACTIoNS DURING PERIOD BEGINNING OF PERIOO CANCELm DISBURSED INCLUDING ~~~~~~~~~~~LATIONSP DISBURSED INCLUDING COMMIT* DISOURSE* SERVICE PAYMENTS ADJUSTe YEAR ONLY UNDISBUR6EO MENTS MENTS PRINCIPAL INtEREST TOTAL MINTS Cl) C2) c3) C4) (5) CT) (C) 1966 37.951 37.931 1.591 1'591 928 20231 3.159 2 1967 38.612 38.612 1i997 2PIT7 1#510 1.900 3p41O 65.359 1968 33.740 33,740 9#468 1.085 1.006 1.926 2#932 03 1969 33P816 42.199 10.200 30542 1#063 10753 2816 06 1970 36.289 51#330 168 30655 2.125 1'713 3.8e1 020632 1971 37'827 46.741 a 3#168 1#306 1.745 3.051 3.923 1972 430045 49,35a 3.325 2.379 1.441 1.867 3,308 04 1973 43.978 51.238 U 2.923 2.248 2.019 4.267 '30792 1974 41.218 45,198 a 2,064 2.318 2.305 4D624 a 1975 40.964 42.880 1#154 2.402 2'817 5#220 0 1976 39P716 40#4?8 ' 622 2'556 2#721 5.279 a 1977 370780 37.919 1 106 2.656 2.589 5.245 a 1978 35.230 350263 ' 32 2.781 2P413 5.194 1979 32.481 32.482 ' 26091 20225 50119 1980 29.590 299591 - - 3D00 2.036 5.044 1981 26.583 26.583 * 30095 1P836 40930 a 1982 23.0488 23.488 U 3P225 10631 4.857 1983 200263 20J263 - 3P361 10419 4#780 1984 16.902 16.902 ' 2.844 1e196 4#041 1985 14'058 14.050 n 2.337 1.006 3,343 1986 11.721 11.721 ' 207T4 843 2917T 1987 9'647 9.647 lO?41 700 2.441 1988 7.906 7906 a 1*471 578 2D049 1989 60434 6J434 n 1.310 472 1.781 1990 5'125 5.125 6 1.159 375 1534 a 1991 3.D966 3.966 1.051 290 1c341 U 1992 20915 2,915 - ' 945 212 1.157 U REVISED TABLE4.d ' GUYANA 07/27/?3 EXTERNAL PUBLIC DEBT AS Of DECEMBER 31.1972 oCIT REPAYABLE IN FOREIGN CURRENCY PAGE 11 IN THOUSANDS Of U.s. DOLLARS LOANS FROM GOVERNMENTS USA DEBT OUTSTANDING TRANSACTIONS DURING PLRIOD BEGINNING Of PERIOD CANCELS LATIONI. DISBURSED INCLUDING COMMIT& DISBURSE1 SERVtCE PAYMENTS ADJUSTO YEAR ONLY UNOtSBURSED MENTS MENTS PRINCIPAL INTEREST TITAL MINTS (1) (2C) C) (4) C5) ) CT) )CS 1966 * 5,500 4.600 333 ' 1 196? 330 1 0100 8.500 3 049 t 11 1968 3,379 18*600 7.033 5.380 a 48 48 1969 80759 25.633 15.400 7.493 ' 169 169 *62 1970 16.252 40.971 293 3#792 ' 248 248 '548 1971 20.044 400716 6s900 7.071 15 305 320 &12 1972 27.100 49.589 5,671 5,310 3 458 461 1973 32.409 55.S257 ' 6.190 120 548 668 1974 38.479 55.137 - 5P459 180 663 843 1975 43D758 540957 a 40924 1I0 774 954 1976 48D501 54.776 ' 3.441 426 981 1.407 1977 51.516 54.350 1.636 667 1.095 1i762 1978 52.485 53.683 ' 1.138 890 1.234 2.124 1979 520?33 52.793 ' 60 1.249 1265 2.515 1980 510544 51.544 ' ' 1.509 1.251 29760 1981 50035 50.035 ' '655 1.256 2.911 1982 48.380 48.300 ' 1020 12lo 3.090 1983 46.560 46.560 ' ' 1.840 1.235 3.075 1984 440719 44.719 ' 1,814 1.166 3*000 1985 42r905 42.905 ' a4 1 iDT 2.952 1986 410090 41090 apOG4 LOAG9 2.903 1987 39'276 39P276 * 14 0 rO4Q 2.854 1988 3 7462 37*462 P 14 991 2806 1989 35.647 35t647 S 'rO14 Q43 20757 1990 33'833 33P833 8 95r14 W9 2OO a 1991 32.018 32*018 a ir[14 845 2.660 - 1992 30J204 30J204 ar C14 797 2.61L REVISED tABLE4.Q- QUYANA 07/27/73 EXTERNAL rURLIC DLIT AS OF DECEMBER 3101972 DEBT REPAYABLL IN FORLION CURRENCY PA3I 12 IN THOUSANDS OF U.S. DOLLARS LOANS FROM GOVERNMINTS DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING or PERIOD CANCELO LATIONSo DISBURSED INCLUDING COMMIT& DISOURSEO SERVICE PAYMENTS ADJUSTo YEAR ONLY UNDISBURSED MiNTS MENTS PRINCIPAL tNtlRtST TOTAL MENTS cl) (2) (3) (4) CI) (6) C?) (0) 1966 3T7951 43.451 7.856 2.063 928 2.232 30160 02 1967 390081 50.377 10,497 5o929 1.510 1.911 30421 05P360 1968 37.961 540004 18.167 70578 10006 1.974 2P960 03 1969 441529 71.162 25.600 11,614 1.063 1.922 2.985 *67 1970 5S.076 95.632 3,236 9.525 2*125 2,039 4.164 2.752 1971 62.806 93.991 110193 100683 lI321 2.050 3,371 3.950 1972 75.S48 107.813 8.996 7o.82 1e444 2.325 3P769 53 1973 81C903 115e312 * 10J223 2,367 2C568 4o935 83,740 1974 860357 109P205 8.445 2t499 2968 5,467 1975 92P303 106.706 - 6.592 2/03 3.591 OA1T4 1976 96t312 104,123 4P443 3P702 6.686 1977 97.T71 101.139 - 1926 3p36d 3P664 7.051 1978 96.330 97.771 1.332 3,744 3064T 7,391 1979 93s919 94.02? 107 4.229 3.493 7r723 1980 89.797 89798 4,674 3.286 7.960 1981 85o124 85.124 * 4A970 3.092 8A061 1982 80.155 80.155 5.265 2o901 8.166 1983 74.889 74.889 5.421 2.654 8.075 1984 69.468 69.468 4.878 2.363 7.261 a 1985 64.590 64.590 4.372 2.143 6.515 1986 60C218 60e218 * 4,108 1.932 6c040 1987 56.110 56t110 * 3.776 1.740 5.515 1988 529334 52.334 * 3,506 1D569 50075 1989 48C828 48P828 3.344 10414 4.758 1990 45.484 45.484 * 3,193 1.269 4.462 1991 42,291 42P291 3*085 1.135 4#220 1992 39.206 39.206 2,979 1.009 39e88 ECONOMIC AND SOCIAL DATA DIVISION ECONOMIC ANALYSIS & PROJECTIONS DFPARTNIMT AUGUST 9, 1973 Table 5.1: CENTRAL GOVERNMENT REVENUES, 1968-1973 (G$ millions) Revised Budget Estimates Estinmates 1968 1969 1970 1971 1972 1973 Dirc' :'.xes 36.3 35.9 52.5 45.8 71.9 67.5 C mv taxes ~ '19.4 19.0 31.8 24.0 48.1 43.1 r nni income tax 14.6 15.4 18.3 18.9 20.6 20.9 Pr., rty tax 0.5 0.7 2.0 2.2 2.6 2.8 Essi Hc29uty 0.5 0.7 0.6 0.7 0.6 0.7 Ot! 'r - 1.3 0.1 2.5 - Indi i, Taxes 54.1 61.4 66.5 66.4 68.2 75.7 Ismport dtities 36.3 37.1 35.5 34.2 32.1 34.0 Defence levy - 4.2 4.8 4.4 4.3 4.6 Exctse duities 10.7 12.5 13.1 13.3 14.6 15.1 Con rsiption tax - 0.7 5.3 6.6 8.6 12.6 Export dtities 2.3 2.6 2.7 2.7 2.3 2.9 Entertainment tax 0.8 0.8 0.7 0.9 0.9 0.9 Licence fees 2.3 2.4 2.9 2.8 2.8 2.9 Otlher 3/ 1.7 [ .0 1.5 1.5 2.6 2. 7 OLher Non-tax Cijirent Revenue 12.4 1:3.5 14.0 14.7 17.8 30.4 Relt, royalties and participation in enterprises 3.1 3.6 2.9 2.6 2.4 2.6 Iinterest 1.8 0.5 0.4 0.7 0.6 0.6 CUY8AU dividends - - - - 4.0 14.8 Fees, finies, etc. 2.1 7.8 3.1 4.0 3.3 4.0 PosL Office receipts 2.5 2.3 2.2 2.6 3.0 3.3 BCCB/Central Bank profits 0.7 1.0 2.4 2.4 2.4 2.5 Ilarbor service profits 1.0 0.8 1.1 1.0 0.5 0.5 other 1.1 2.5 1.9 1.4 1.6 2.1 TOTAL CURRENT REVENUE 102.7 110.6 133.0 126.9 157.9 173.6 Capital receipts 7.7 6.3 2.8 5.2 3.0 8.3 External grants U K. 3.1 1.1 1.1 - - U.S. AID 0.7 1.6 0.2 2.9 1.2 1.2 Canada 1.9 1.4 0.1 0.1 0.3 0.3 Ot her - - - 0.5 0.6 5.5 Repayment of loans 0.8 1.4 0.5 1.0 0.4 0.4 Sale of land and other assets 0.8 0.6 0.7 0.6 0.4 0.4 other 0.3 0.2 0.2 0.1 0.1 0.5 TOTAL REVENUE 110.4 116.9 135.8 . 132.1 - 160.9 181.9 1/ lncosme, corporation and withholding taxes. 2/ Excess profit and development taxes. 3/ Warehotise rents and charges, policy surrender tax, duty on transport and mortgages, etc. 4/ Excludinig G$107.6 million for DEMBA nationalization. Source: Ministry of Finance Table 5.2: CENTRAL GOVERNMENT CURRENT EXPENDITURE, 1968-1973 (G$ millions) Revised Estimates Budget 1968 1969 1970 1971 1972 1973 General Administration 28.0 33.8 39.6 41.7 49.1 53.6 Central administration 15.7 19.5 21.3 23.0 28.9 31.7 Justice and Police 8.9 10.1 10.9 12.1 13.2 13.1 Defense 3.4 4.5 7.4 6.6 7.0 8.8 Community Services 12.1 14.1 16.1 20.1 18.9 19.9 Roads, irrigation and drainage, sea defenses and buildings 8.5 10.1 12.1 15.9 13.8 14.4 Fire protection and water supply 1.4 1.6 1.6 1.4 2.0 2.1 Post office 2.2 2.4 2.5 2.8 3.1 3.4 Social Services 29.9 30.8 36.0 36.5 42.0 45.1 Education 16.1 16.6 19.5 20.5 24.7 27.2 iHealtli 9.4 9.9 11.0 11.3 12.6 12.9 Social security and special welfare services 4.4 4.3 5.5 4.7 4.7 5.0 Economic Services 9.2 8.9 10.3 11.8 12.8 - 12.3 Agriculture and natural resources 5.7 5.5 6.6 7.1 8.5 8.1 Transport and communications 2.7 2.1 2.9 3.1 2.7 2.5 Other 0.8 1.3 0.8 1.6 1.6 1.7 Unallocated 11.7 12.0 16.6 21.0 24.2 29.2 TOTAL 90.9 99.5 118.9 131.1 147.0 160.1 Source: Ministry of Finance Table 5.3, CENTRAL GOVERNMENT CAPITAl. EXPENDITURE, 1968-1973 (G$ millions) Revi ed Esti.ates Bidget 1968 1969 1970 1971 1972 1(73 Ge.eral Administration 2.8 0.9 1.6 1.2 2.0 3.5 Cen,tral Administration 1.9 0.5 IA1 0.9 1.7 3.0 Defense 0.7 0.2 0.2 0.1 0.1 . It.s tic, and Police 0.2 0.2 0,3 0.2 0.2 '1. 7 Co-i- rit y Cervices 19.5 27.0 30.1 34.7 32.9 ('. 4 nfrast Irucr,.re 18.8 25.1. 24.2 30.7 2'q.7 5~. 1 Roads (12.9) (14.1.) (10.6) (10.4) (5.2) (17.7) Sea and river defenses (2.9) (2.9) (8.0) (11.7) (12.0) (l'.1) Drai.l-yo and irrigation (0.2) (0.4) (0.3) ()(1.3) (v.9) Shtipping and harbors (0.2) (0.2) (0.2) (0.9) (0.7) (2.6) W3ater tiupplv (0.7) (1.1) (2.3) (6.2) (4.1) ((. 6) Other infCrastructure (1.9) (6.4) (2.8) (1.5) (6.4) ( 2) Other commun1ty services 0.7 1.9 6.1 4.0 3.2 3_______ In,terior develop.ent (0.2) (1.4) (3.2) (3.0) (0.8) (8) Cooperative development- (0.2) (1.3) (0.2) (0.5) (1.0) Coimu,,ity and youth development (0.5) (0.3) (1.1) (0.8) (1.9) ( . 5) Soeril Services 3.5 6.9 5.8 2.4 3.5 16.0 I3dacat ion 2.8 5.4 4.1 .9 2.4 (. 2 ((calth 0.2 0).2 0.5 0.2 0.3 z.34 1(nu s ing 0.2 0.4 1.1 0.2 0.7 '~.1 0 t1er 0.3 0.9 0.1 0.1 0.1 !.3 Fconomic Serv.ces 12.7 8.9 13.4 16.5 20.0 '1. 5 Agricaltcure 0.9 2.6 4.4 10.8 11.5 11.3 Rice produiction() (1.2) (2.0) (9.6) (9.8) IL 5) Beef production (0.1) (0.2) (0.3) (0.4) (0.6) ( 9) Other (0.8) (0.9) (2.1) (0.8) (11 29) L-and development 0. 6 2.7 0.6 1.4 4.1 5.1 Forestry and fishing 0.3 0.4 0.3 - 0.1 '(.6 flinceral resources 2.2 0.5 0.6 0.3 0.9 1.8 Trans,port, storage and cosnunications 4.7 0.5 4.3 0.3 0.1 1.7 Civil aviation (3.4) (0.5) (4.3) (0.3) (0.1) (I 6) Electricity development(-()()() 0.5 11.0 Indws t rial1, agricultural ai,d forestry development 4.0 2. 2 3.2 3.7 2.8 1)' 1 edu stry (1.5) (lii) (0.6) (0.7) (0.6) (1/ 0)- Other (2.5) (1.2) (2.6) (3.0) (2.2) 0...L ) .. Unal located 1.2 4i.5 1.0 1.0 2.2 -2 9 Feasibility studies 1.o 0.4 0.3 0.6 1.1 I 1 Othier 0.2 4'.1 0.7 0. . 7 TOITA!. L.'PITAL. EXPENDTIURL 39.7 411.2 52.1 55.8-21 60.6 14'.2 Ant .:lpated invenlmeit. in a textile mill, tannery, solvent extraction plaunt, etc. 2/ Eslading G$ 107.6 million for DEMBA nationalization. Source: Miniistry of Finance Table 5-4:FINANCING OF CENTRAL GOVE'RNMENT INVESTMENT PROGRAM, 1968-1973 (Ge millions) Revised Budget Estimates Estimates - 1968 1969 1970 1971 1972 1973 Capital Expenditure 3q.7 48.2 52.1 163.4 60.6 145.2 Sources of Finance Domestic 13.2 14.2 27.8 19.6 20.4 39.2 Transfers from current account Tl.B 1 1 T.1 1 4.1 '7F7 Capital receipts 1.9 0.8 0.9 0.7 0.5 7.0 Domestic borrowing -0.5 2.3 12.8 23.1 9.0 18.7 Short-term (net) -2.5 -0.7 1.8 11.7 -10.2 - Long-term (net) 2.2 3.0 11.0 11.4 19.2 18.7 Long-term (gross) (4.7) (5.5) (14.1) (14.7) (23.5) (25.0) Repayments (-2.5) (-2.5) (-3.1) (3.3) (-4.3) (-6.3) External 16.7 21.7 17.7 131.9 17.1 98.9 External borrowing 10.9 17.6 16.3 128.4 15.0 98.0 Short-term (nct) -1.1 0.3 -0.5 -1.6 2.3 -0.8 Long-term (net) 12.0 17.3 16,8 130.0 12.7 98.8 Long-term (gross) (16.1) (20.5) (19.4) (132.4) (18.3) (104.9) Repayments (-4.1) (-3.2) (-2.6) (-2.4) (-5.6) (-6.1) External grants 5.8 4.1 1.4 3.5 2.1 0.9 Other 9.8 12.3 6.6 11.9 23.1 7.1 Borrowing from the Banking System 7.6 11.2 4.8 16.1 24.6 n.a. Balancing item 2.2 1.1 1.8 -4.2 -1.5 n.a. 1/ Budget estimates for capital expenditures have usually been much higher than the actual expenditures. .ource, Ministry of Finance Tdble 5.5 : PUBLIC SECTOR FINANCES, 1968-1972 (G$ million:.) 1968 1°69 1970 1971 1972 I. Consolidated Public Sector Current Revenue 119.6 127.3 160.1 157.2 200.9 Current Expenditure 102.5 105.6 125.8 140.2 158.8 Consumption (69.9) (80.8) (92.7) (102.9) (113-2) Other (32.6) (24.8) (33.1 ) (37-3) (45.6) Current account surplus 17.1 21.7 34.3 17.0 42.1 Capital Revenue 9.6 7.5 4.1 5.8 3.5 Capital Expenditure 41 .3 53.7 68.o 181 .3 84.9 Capital fornrtion (41 *3) (43-0) (53.4) (53.1 ) (75-7) Other ((107) (14.6) (128.2) ( 9.2) of which: DEMBA nationalization /-/ /-/ /-/ /107.6/ Overall deficit -14.6 -24.5 -29.6 -158.5 -J*3 Financing 14.6 24.5 29.6 158.5 39.3 Net external borrowing (11.0) (16.3) (19.4) (136.1) (19.8) Net borrowing from banking system (-1 .9) (14.1) ( 8.2) (16.2) (22.1) Other ( 5.5) (-59) ( 2.0) ( 6.2) (-2.6) II. Central Government Current Revenue 102.7 110.6 133.0 126.9 157.9 Current Expenditure 90.9 99.5 118.9 131 .1 147.0 Consumption (64.7) (75.1) (86.5) (96.5) (106.2) Other (26.Z) (24.4) (32.4) (34.6) (40.8) of which: transfers to rest of public sector /3.3/ /2.9/ /4.2/ /3-9/ /3-3/ Current account surplus or deficit(-) 11.8 11 .1 14.1 -4.2 10.9 Capital Revenue 7.7 6.3 2.8 5.2 3.0 Capital Ecpenditure 39.7 48.7 52.1 163.4 60.6 Capital formation (35.8) (37.4) (35.7) (36.9) ( 36.3) Other ( 3.9) (11 .3) (16.4) (126-5) (24.3) of which: transfers to rest of public sector /2.9/ /0.4/ /6.8/ /13.1/ /11 .5/ DEMBA nationalization // /-! /- /107.6/ Overall budget deficit -20.2 -31 .3 -35.2 -162.4 -46.7 -2- Estirmated 1968 1969 1970 1971 1972 Financing 20.2 31.3 35.2 16h.4 h6.7 Net external borroiwing (12.0) (17.3) (16.8) (130.0) (12.7) External assets (increase -) (-1.1) (0.3) (-06) (-1.6) (2-3) Net borroving from banking system (7.6) (11.2) (L.8) (16.1) (24.6) Other (1-7) (28) (141.) (17-9) (7-1) III. Other General Goverrment 2/ Current Revenue 14.6 15.9 27.8 30.9 3h.8 of which: Transfers from CG (0.5) (0.6) (0.6) (0.6) (0.6) Current Expenditure 1h.9 9.0 11.1 13.0 15.1 Consumption (5.2) (5.7) (6.2) (6.L4) (7.0) Other (9-7) (3 4) (5.) (6-7) (5.2) Current account surplus or deficit (-) -0.3 6.9 16.7 17.9 19.7 Capital Revenue 1.3 1.2 1.3 o.6 0.5 Capital Expenditure 7.2 5.6 5.3 6.5 8.4 Capital Formation (1.8) (1-9) (1.7) (2.2) (3.6) Other (5-L) (3.7) (3.6) (!43) (4.8) Overall surplus or deficit (-) -6.2 2.5 12.7 12.0 11.8 Financing 6.2 -2.5 -12.7 -12.0 -11.8 Investment on Treasury bills (3.0) ( ) (-2.7) (-0.9) (-0.6) Investment in other govt. securities ( - ) (-1-3) (-8.8) (-9.9) (-8-5) lqet borrow,ing from banking system (-0.8) (0.5) (-1.2) (0.1) (-) Other (4 °) (-1-7) ( - ) (-1-3) (-2.7) A. Local Governnents Current Revenue 7.5 7.0 7.9 8.5 11.0 Proper-ty Taxes (6.6) (6.2) (7.1) (7-1) (9-3) Other (°.L) (0.5) (0.5) (1.2) (1-5) Central Government grants (0.2) (0.2) (0.2) (0.2) (0.2) Other grants (0.3) (0.1) (0.1) ( - ) ( - ) Current Expenditure 5.2 5.7 6.2 6.L4 7.0 Current Account Surplus 2.3 1.3 1.7 2.1 4.o Capital Expenditure 1.8 1.9 1.7 2.2 3.6 Overall. 3urplus or Deficit (-) 0.5 -o.6 - -0.1 o.4 Financing -0.5 o.6 -0.1 -o.4 -3- Estimated 1968 1969 1970 1971 1972 (III) B. National Insurance Scheme Revenue 2.0 13.5 15.3 16.5 Contributions (2.0) (13-0) (14.0) (14.5) Investment Income ( - ) (0.5) (1-3) (2.0) Expenditure 0.2 1.6 3.7 5.2 Wages, salaries, etc. '0.2 11.6' 1 Payments of benefits ( ) 0.5) 2.1) 3. Surplus 1.8 11.9 11.6 11.3 Investment of Surplus -1.8 -11.9 -11.6 -11.3 Treasury bills ( - ) (-2-7) (-0.9) (-o.6) Government securities (-1.3) (-8-8) (-9.9) (-8-5) Other securities ( - ) (0.3) ( - ) ( - ) Bank deposits (-0.4) (-1.2) (-1.3) (-1.6) Other (-0.1) (0.5) (0-5) (-0.6) C. Sugar Industry Trust Funds 4/ Current Revenue 5.2 5.0 4.5 5.1 5.1 Levies (3.9) (4.4) (3-8) (4.4) (4.L!) Interest on investments (1.3) (0.6) (0.7) (0.7) (0-7) Current Expenditure 6.6 0.4 0.3 0.3 0.3 Current Account Surplus or Deficit (-) -1.4 4.6 4.2 4.8 4.8 Capital Expenditure 5.4 3.6 3.4 4.1 4.7 Overall Surplus or Deficit (-) -6.8 1.0 0.8 0.7 0.1 Financing 6.8 -1.0 -0.8 -0.7 -0.1 Treasury bills (3.0) (-) (-) (-) (-) Other (3-8) (-1.0) (-0.8) (-0.7) (-0.1) D. University of Guyana Current Revenue 0.718 0.721 0.720 0.724 0.726 Current Expenditure 0.799 0.800 0.804 0.810 0.813 Current Surplus or Deficit (-) -0.081 -0.079 -0.084 -0.086 -0.087 Financing 0.081 0.079 0.084 o.o86 0.087 -14- Estimated 1968 1969 1970 1971 1972 (III) E. Guyana School of Agriculture Current Revenue 0.259 0.221 0.217 0.245 0.241 Current Expenditure 0.213 0.227 0.236 0.256 0.272 Current Account Surplus or Deficit (-) 0.046 -o.006 -0.019 -0.011 -0.031 Capital Expenditure 0.020 o.060 0.100 0.100 0.100 Overall Surplus or Deficit (-) 0.026 -0.066 -0.119 -0.111 -0.131 Firnancing -0.026 0.066 0.119 0.111 0.131 F. Private Investment F-und Current Revenue 0.025 0.079 0.099 0.139 0.244 Current Expenditure 0.022 0.070 0.088 0.123 0.216 Current Account Surplus or Deficit (-) 0.003 0.009 0.011 0.016 0.028 Capital Revenue 1.319 1.2114 1.289 0.625 O.J!BL Overall Surplus or Deficit (-) 1.322 1.223 1.300 0.641 0.512 Financing -1.322 -1.223 -1.300 -0.641 -0.512 G. Guyana Credit Corporation 5/ Cur-rent Revenue 0.8147 0.859 0.813 0.918 0.9143 Current Expenditure 1.759 1.280 1.[L54b 1.069 0.905 Current Surplus or Deficit (-) -0.912 -0.1421 -0.731 -0.151 0.038 Capital Expenditure - - 0.138 0.047 - Overell Surplus or Deficit (-) -0.912 -0.1421 -o.869 -0.198 0.038 Financf.ng 0.912 0.421 0.869 0.198 -0.038 H. Guvana Development Corpor ation Current Revenue 0.0114 o.016 0.017 0.018 0.019 Current Expenditure 0.336 0.358 0.360 0.365 0.375 Current Surplus or Deficit ( -) -0.322 -0 .342 -0.3143 -0.317 -0.356 Capital Expenditure 0.002 - 0.002 0.002 0.002 Overnll Surplus or Deficit (-) -0.3214 -0.342 -0.3145 -0.3149 -0.358 Fin:7ncixing O.32) 0.312 0.345 0.3149 0.358 -5- Estimated 1968 1969 1970 1971 1972 IV. Nonfinancial Public Enterprises i Operating Revenue 63.3 55.8 61.4 62.6 71.9 Operating Expenditure 59.5 53.6 60.5 61.6 62.6 Operating Surplus 3.8 2.2 0.9 1.0 9.3 Current Transfers from Central Govt. 2.8 2.3 3.6 4.2 2.2 Current Transfers to Central Govt. -1.0 -o.8 -1.0 -1.0 -°.5 Current Account Surplus 5.6 3.7 3.5 4.2 11.0 Capital Receipts 9.9 0.5 5.4 2.6 21.9 Capital receipts from CG (9.3) (05) (5.4) (2.6) (21.9) Other (0.6) (-) (-) (-) (-) Capital Expenditure 3.7 3.7 16.0 14.0 35.8 Overall surplus or deficit (-) 11.8 0.5 -7.1 -7.2 -2.9 Financing -11.8 -0°5 7.1 7.2 2.9 Net external borrowing (1.4) ( 4 ) (4.6) (-1.2) (1.2) Net borrowing from banking system (-9.0) (2.7) (55) ( - ) (1.6) Other (-4.2) (-3.2) (-3.0). (8.4) (0.1) A. Guyana Electricity Corporation Ooerating Revenue 7.5 8.7 10.6 11.4 12.1 Operating Expenditure 5.2 6.2 6.8 7.4 7.3 Operating Surplus 2.3 2.5 3.8 4.0 4.8 Capital Revenue 1.3 - - - 0.5 Loans from CentrAl Government (1.3) ( - ) ( - ) ( - ) ( - ) Capital Expenditure 0.9 1.0 2.4 4.0 4.5 Overall Surplus 2.7 1.5 1.4 - 0.8 Financing -2.7 -1.5 -1.14 - -0.8 Bank borrowing (0.2) (-0.1) (-2.0) (-0.8) (-0.8) Other (-2.5) (-1.4) (0.6) (0.8) ( - ) -6- Estimated 1968 1969 1970 1971 1972 (IV) B. Guyana Telecornnunications Corporation Operating Revenue 2.7 2.9 3.1 3.8 7.7 Operating Expenditure 1.9 2.4 2.9 3.0 3.3 Operating Surplus 0.8 0.5 0.2 0.8 4.4 Capital Expenditure 0.7 1.6 h.2 8.4 8.0 Overa:ll Surplus or Deficit (-) 0.1 -1.1 -4.o -7.6 -3.6 Financing -0.1 1.1 4.0 7.6 3.6 Bank borro-,ring (-0.1) (0.4) (1-4) (1.5) (1-5) Other ( - ) (0.6) (2.6) (6.1) (2.1) C. Guyana Airways Corporation Operating Revenue 2.8 2.9 3.2 3.4 5.0 Operating Expenditure 2.8 3.0 4.0 3.9 4.5 Over -ting Surplus - -0.1 -0.8 -0.5 0.5 Current Transfers from Central Govt. 0.1 0.1 0.1 1.0 - Capital Revenue 0.9 0.1 4.8 1.1 1.2 Capital Expenditure 1.0 0.1 4.9 0.5 1.3 Overall Surplus or Deficit (-) -0.1 -0.3 -0.9 0.1 0.4 Financing 0.1 0.3 0.9 -0.1 -0.4 Bank borrowing (0.1) (0.3) (0.9) (-0.1) (-0.4) D. Guyana Rice Corporation 7/ Opernting Revenue 8.0 5.8 7.5 8.2 9.0 Operating . xpenditure 8.4 5.7 7.8 8.6 9.2 Operating Surplus -0.4 0.1 -0.3 -0.14 -0.2 Capital Revenue 6.3 - - - 19.1 Capital Ecpenditwre 0.1 0.1 0.1 0.1 18.0 Over-ill Surp'us 5.8 - -0.4 -0.5 0.9 Financing -5.8 - 0.4 0.5 -0.9 Banic borrowing (-2.3) (-O.5) (2.2) (0.3) (-1.8) Other (-3.5) (0.5) (-1.8) (0.5) (0.9) -7- Estimated 1968 1969 1970 1971 1972 (IV) E. Rice Marketing Board Operating Revenue 30.3 21.6 22.3 23.2 27.9 Operauing Expenditure 26.8 19.4 21.2 21.9 25.6 Operating SurpLus 3.5 2.2 1.1 1.3 2.3 Capital Expenditure - 0.2 3.8 - 3.6 Overall Surplus or Deficit (-) 3.5 2.0 -2.7 1.3 -1.3 Financing -3.5 -2.0 2.7 -1.3 1.3 Bank borrowing (-7.2) (1.6) (2-4) (-2.6) (2.3) Other (3.7) (-3.6) (0.3) (1-3) (-1.0) F. Guyana Marketing Corporation 8/ Oper;ting Revenue 6.6 8.1 9.1 7.h 5.1 Operating Ecpenditure 7.8 9.6 10.6 9.7 5.9 Operating Deficit -1.2 -1.5 -1.5 -2.3 -0.8 Current Transfers from Govt. 0.5 0.7 0.9 o.6 - Capital Revenue (transfers) 0.1 0.1 0.3 0.1 0.1 Capital Expenditure 0.1 0.3 0.3 0.1 0.1 Overall Deficit -0.7 -1.0 -0.6 -1.7 -0.8 Financing 0.7 1.0 o.6 1.7 0.8 Banh borrowing (0.7) (1.0) (0.6) (1-7) (0.8) Other( ( G. Transport and Harbors Department Operating Revenue 5.4 5.8 5.6 5.2 5.1 Railways (1.1) (1.1) (0-9) (0.7) (0.6) Shipping (2-5) (2-7) (2-7) (2-7) (2.8) Road services (0.1) (0.1) (0.1) (0.1) (0.1) Harbors and pilotage (1-7) (1-9) (1-9) (1-7) (1.6) Operating Expenditure 6.6 7.1 7.2 7.1 6.8 Railfays (2.h) (2.3) (2.3) (1.9) (1.6) Shipping (3-1) (3.6) (3.6) (3.6) (3-6 Road services (0.2) 2) 0 3) 0 3 (0:3) Harbors and pilotage 0-7 (0.8 (o.8) RA (ll Interest (0.2) (0.2) (0.2) (0.2) (0.2) -8- Estimated 1968 1969 1970 1971 1972 Operating Deficit -0.8 -1.3 -1.6 -1.9 -1.7 Current Transfers from Central Govt. 2.2 1.5 2.6 2.6 2.2 Current Transfers to Central Govt. -1.0 -0.8 -1.0 -1.0 -0.5 Current Account Deficit - -o.6 - -0.3 - Capital Revenue 1.3 0.3 0.3 1.4 1.0 External grants (0.6) (-) (-) - ) (-) Capital Transfers from Central Govt. (0.7) (0-3) (0-3) (1-4) (1.0) Capital Expenditure 0.9 0.4 0.3 0.9 0.3 Overall Surplus or Deficit (-) 0.4 -0.7 - 0.2 0.7 Financing -o.4 0.7 - -0.2 -0.7 External loans (0.2) (_) (_) (_) (_) Other (-0.6) (0.7) ( ) (-0.2) (-0.7) 1/ Public connercial enterprises (Guyana Bauxite Corpany, Guyana Gajraj, Guyana Printers, Guyana Timbers Co. and Guyana Marine Co.) are excluded from the definition of Public Sector. 2/ Excluding Guyana State Corporation for which no details are available. 3/ Fron September 29 to December 31, 1969. 4/ Rehabilitation, Price Stabiliz;ation and Labor Welf2re Funds. 5/ Financial year ending June 30. 6/ Excluding External Trade Bureau, Guyana Transport Services and Guyana Water Authority for wrhich no details are available. 7/ Financial year ending August 31. 8/ Financial year ending September 30. Source: Bank of Guyana; M1inistry of Finance; IM4F Table 5.6: TRANSACTION OF THE NATIONAL INSURANCE FUND, 1969-1976 (G$ millions) 1969* t970 1971 1972 1973 1974 1975 1976 Projected Projected Projected Projected _ncom2 2.00 13.5 15.3 16.5 17.6 18.2 18.8 1924 Contributions 2.0 13.0 14.0 14.5 15.3 15.4 15.4 15.4 I;lvestm:m it Income - 0.5 01.3 2.0 2.3 2.8 3.'4 4.0 Mr,f .c i ure 0.2 1.6 3.7 5.2 6.0 7.0 7.2 8.1 -gu.3 f Salaries) (!:ber) 0.2 1.1 1.6 1.7 2 0/- 2.5 - 2.0 2.1 P:vrnent of bhnefits - 0.5 2.1 3.5 4,o/2 4.5 5.2 6.0 I.Ja.''tl 1t of Surrlus 1.8 11.9 11.6 11.3 11.6 11.1 n.a. n.a. eA&vcr;:Lmcnt of Guyn.a Securities 15 95 Debentures 1.3 8.8 9.9 8.5 8.6 9.0 9. 0--: 9 Tvea"kurv B.lls - 2.7 0.9 0.6 0.5 - n.a. n.a. Dcposil: ;ank of Guyana (current account) 0.4 0.05 0.05 0.07 0.07 0.1 n.a. n.a. National Cooperative 'lank - 1.2 1.3 1.6 0.4 - n.a. n.a. Othei 0.1 0.4 0.3 0.1 2/0 3 2.0/3 n,a. n,a, *1.rom 29 September to 31 December /1 Provisioi. made for revision of wages - 107, increase to all grades; capital expenditure - Local Offices, etc. T Provision for increase in : (a) I'edical care - emphasis on treatnment and referrals; payment to Government Hospitals. (b) Pensions - more contributors qualifyin:; for pensions. (c) Short-term benefits - greater use by employers instead of their own provision. /3 Provision for investment of $ 10a each in Mortgage Finance and Agricultural Development Barks. 77 -rov s,on for capital e-%penditure for conmnencement of work on Head Offize Building, and completion of Local Offices, etc. 7 Regarded as nax:imnum investment in debentures. - Less than 0.5. Source: NaLional Insurance Board. Table 5.7: AUTONOMOUS PUBLIC CORPORATIONS Summary: Financial Operations, 1968-1972 (Operating Surplus/Deficit, G$ millions)- Enti 1968 1969 1970 1971 1972 Guyana Bauxite Company Ltd.- - - - 7.4 3/ t3. Guyana Electricity Corporation 2.3 2.5 3.8 4.0 4.8 Guyana Airways Corporation nil -0.3 -1 .1 -0.9 -0.2* Transport and Harbors Department -1 .2 -1.2 -1 .6 -1 .9 -1.7 Guyana Rice Corporation I/ -0.3 0.1 -0.3 -0.4 -0.2* Rice Marketing Board 2 3.5 2.2 1 .1 1.1 2.4 Guyana Marketing Corporation -1 .2 -1 .5 -1 .5 -2.3 -o.8* Guyana Telecomnrrnications Corporation 0.8 0.5 0.2 0.8 4.4 Guyana Transport Services Ltd. - - 0.1 0.1 0.2* Guyana Credit Corporation 6/ -0.9 -0.4 -0.7 -0.2 n.a. Guyana Development Corporation -0.3 -0.3 -0.3 -0.3 n.a. Overall Surplus/Deficit 2.7 1 .6 -0.3 7.4 21 .7 1/ Unless otherwise indicated, the operating surplus/deficit is before depreciatior and net of capital expenditure, and the financial year is equivalent to the calendar year. 2/ Net profits after taxation. 3/ Refers to the period July 15, 1971 to December 31, 1 971. ~/ Financial year ending August 31. g/ Financial year ending September 30. 6/ Financial year ending June 30. *Et: tatRcA. Source: Bank of Guyana; Reports and Accounts of GU`YB-AU, 1971, 1972. Table 5.8 CENTRAL GOVERNMENT TRANSFERS TO THE REST OF THE PUBLIC SECTOR AND ACQUISITION OF EXISTING FINANCIAL ASSETS, 1968-1973 (G$ millions) Revised Estimates EstimateE 1968 1969 1270 1971 1972 1973 Current transfers 4.4 4.5 6.1 5.7 6.0 6.1 Local governments 0.2 0.2 0027 02 :: 0 Guyana Development Corporation 0.3 0.4 0.4 0.4 0.4 0.4 Guyana Airways 0.1 0.1 0.1 0.1 -- -- Guyana Marketing Corporation 0.5 0.7 0.9 0.6 0.5 0.5 Transport and Harbor Department 2.2 1.5 2.6 2.6 2.2 1.9 University of Guyana 0.9 1.4 1.7 1.6 2.4 2.9 Guyana School of Agriculture 0.2 0.2 0.2 0.2 0.2 0.2 External Trade Bureau -- -- -- -- 0.1 -- Capital transfers 5.9 4.7 7.8 13.7 12.9 28.5 Grants 3.7 T7 1.2 -TT7 .4 4.3 Local governments (__) (--) (--) (-) (-) (0.5) Transport and Harbor Department (0.7) (0-3) (0.2) (0.9) (1.0) (2.6) University of Guyana (1.5) (3.1) (0.3) (0.5) (0.5) (0.4) Guyana School of Agriculture (--) (--) (0.1) (0.1) (0.2) (0.2) Private Investment Fund (1.5) (1.2) (0.6) (--) (0.7) (0.6) Loans 2.2 0.1 6.6 12.2 10.5 24.2 Guyana Electricity Corporation (1.3) (--) (--) (--) (0.5) (18.0) Guyana Airways (0.8) (--) (4.J) (0-1) (0-1) (0-7)7/ Guyana Rice Corporation (--) (__) (2.0) (12.0) (9.8) (4.8)- Guyana Marketing Corporation (0.1) (0-1) (0-3) (0-1) (0-1) (0-7) Acquisition of existing financial assets -- -- 0.9 108.4 0.8 5.4 Share purchases in public financial institutions -- -- 0.9 0.8 0.8 5.4 Cooperative Credit Bank (--) (--) (0.9) (--) (__) (__) National Cooperative Bank (--) (_-) (--) (0-8) (0.8) (0.4) Agricultural Development Bank (--) (--) (--) (--) (--) (2.0) Mortgage Finance Company (--) (--) (--) (--) (-_) (2.0) Guyana National Cooperative 2/ Insurance Service (--) (--) (_-) (__) (--) (1.0) DEMBTh nationalization -- -- -- 107.6 -- -- 1/ LIncluding G$330,067 contained in Supplementary Estimates. 2/ Supplementary Estimates. Source: Ministry of Finance; IMF. Table 6.1: SUMMARY ACCOUNTS OF THE BANKING SYSTEM , 1960-1972 (G$ millions) 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 I. Monetary Authorities Y Foreign assets (net) 25.2 27.0 27.9 26.9 29.0 34.4 29.0 37.7 47.1 41.o 4o.8 56.6 76.5 Central Bank ( - ) ( - ) ( _ ) - 19.0 27.1 36.9 4T 04 7 1.2 56.O T9 BCCB (25.2) (27.0) (27.9) 26.9 29.0 15.4 1.9 0.8 0.7 0.6 0.6 0.6 o.6 Domestic credit (net) -/ 2.4 3.2 3.2 3.2 3.2 3.0 10.1 2.8 -1.6 9.6 11.6 6.0 8.1 Central Government (net) 2.14 3.2 3.2 3.2 3.2 3.4 12.6 7.0 4.2 17.4 21.3 20.3 23.5 Treasury bills - - - - - 0.2 1.2 2.2 - 3.1 8.0 13.2 25.1 Securities 2.4 3.2 3.2 3.2 3.2 3.2 3.3 3.3 3.3 3.2 3.2 3.6 3.6 Advances (net) - - - - - - 10.4 3.5 2.9 13.6 13.4 7.2 -1.9 Nonbudget deposits N.A. N.A. N.A. N.A. N.A. N.A. -2.3 -2.0 -2.0 -2.5 -3.3 -3.7 -3.3 Rest of public sector -0.6 -1.2 -1.4 -2. -2.5 -2.6 -2.9 *National Insurance Fund (-) (-) (_) (_) (-_ (_) (-) - - -0.4 - - (-0.1) Private Investment Fund ( - ) ( - ) ( - ) ( - ) ( - ) ( - ) (0.6) -1.2 -1.4 -1.7 -2.5 (-2.4) (-2.6) Livestock Development Fund (-) (-) (-) (-) (-) (-) ( - ) - - - - -0.2 (-0.2) Net unclassified assets 3/ - - - - - -0.2 3.1 2.0 0.9 -1.1 -2.6 -7.1 -7.9 Official capital - - - - - -0.2 -4.3 -4.3 -4.3 -4.3 -4.3 -4.3 -4.3 Undistributed profits - Bank of Guyana - - - _ - - -0.7 -0.7 -1.0 -0.3 -0.3 -0.3 -0.3 SDR contra-entry - - - - - - - - - - -5.o -9.3 -14.7 Liabilities to banks 5.3 6.4 5.o 6.4 5.6 9.6 11.1 9.8 11.2 14.5 9.7 12.2 21.4 Currency (5.3) (6.4) (5-0) (6.4) (5.6) (9.6) (5.7) (5.9) (4.8) (4-7) (3-0) (3.3) (5-1) Deposits ( - ) ( - ) ( - ) ( - ) ( - ) ( - ) (5.4) (3.9) (6.4) (9.8) (6.7) (8.9) (16.3) (Currency in circulation) 22.3 23.8 26.1 23.7 26.6 27.8 28.0 30.7 34.3 36.1 37.7 41.1 48.5 Central Bank ( - ) ( - ) ( - ) ( - ) ( - ) (12-4) (26.0) (29.9) (33.6) (35-5) (37-1) (40.5) (47-9) BCCB (22.3) (23.8) (26.1) (23.7) (26.6) (15.4) (2.0) (0.8) (0.7) (0.6) (0.6) (0.6) (0.6) 1/ 1960-1964 British Caribbean Currency Board, 1965 - Bank of Guyana and BCCB (in redeemed notes + coin in caculation. 2/ Domestic Credit is the total of Central Government and Rest ofFPublic Sector. 3/ Net unclassified assets, official capital, undistributed profits and ST)R are deducted from th( total of Porpian nsspts - (net) + Domestic Credit (net), to get the liabilities to banks and currency in circulation. * N.I.S. Deposits are included in Money Supply. Table 6.1: SUMMARY ACCOUNTS OF THE BANKING SYSTEM, 1960-1972 (Contd.) (G$ millions) 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 II. Commercial Banks Net foreign assets 1.7 1.1 11.2 25.1 31.3 12.4 6.1 11.2 -0.1 -3.7 -5.6 -5.7 -6.0 Assets (4.9) (4.6) (11.4) (25.2) (31.4) (14.6) (8.8) (14.3) (3.6) (4.3) 4.2 4.6 2.2 Liabilities (3.2) (3.5) (0.2) (0.1) (0.1) (2.2) (2.7) (3.1) (3.7) (8.0) 9.8 10.3 8.2 Position with monetary authorities 5.3 6.4 5.0 6.4 5.6 9.6 11.2 10.3 11.8 14.8 10.6 12.6 22.1 Currency (5.3) (6.4) (5.0) (6.4) (5.6) (9.6) (5.7) (5.9) (4.8) (4.7) (3.0) (3.3) (5.1) Deposits ( - ) ( - ( - ) ( - ) ( - ) (5.5) (4.4) (7.0) (10.1) (7.6) (9.3) (17.0 Domestic credit 33.3 29.8 30.3 26.4 29.9 52.4 65.6 72.6 94.4 106.1 122.3 144.5 167.1 Central Government -2.1 -1.4 -0.8 -3.2 -2.5 2.9 5.2 11.5 22.0 19.8 20.8 37.8 59.0 Treasury bills ( _ ) ( _ ) ( - ) _ - (1.0) 3.0 2.9 14.1 12.6 14.4 (31.9) (52.6) Securities ( _ ) ( _ ) ( _ ) _ - (0.4) 2.4 8.6 7.9 7.2 6.4 (5.9) (6.4) Loans and advances ( ) (_) (_) _ 0.6 (6.1) - - - - - - (-) Deposits 1/ (2.1) 1.4 0.8 3.2 3.1 (4.6) 0.2 - - - - - - Rest of public sector gross- N.A. N.A. N.A. N.A. N.A. 11.8 12.4 8.3 8.4 10.7 13.8 14.1 13.2 Official capital - - - - - - - - - - 0.7 -1.7 -1.9 Private sector 32.8 29.4 30.3 28.7 31.8 31.0 41.0 44.3 57.6 68.6 81.4 85.9 83.1 Net unclassified assets 2.6 1.8 0.8 0.9 0.6 6.7 7.0 8.5 6.4 7.0 7.0 8.4 13.7 Liabilities to private sector-/ 40.3 37.3 46.5 57.9 66.8 72.9 81.9 93.0 104.0 115.2 124.0 146.1 177.2 Demand deposits (15.9) (12.8) (16.5) (17.1) (18.4) (16.7) (19.5) (21.4) (22.7) (23.6) (23.0) (26.9) (35.1) Time deposits (1.0) (1.5) (5.0) (10.1) (9.8) (11.2) (12.6) (16.0) (19.8) (28.7) (35.2) (46.6) (64.3) Savings deposits (23.4) (23.0) (25.0) (30.7) (38.6) (450.) (49.8) (55.6) (61.5) (62.9) (65.8) (72.6) (77.8) 1/ Rest of the public sector is reported gross, since money supply is defined to include deposits (demand time savings) of public corporations other than government. 2/ Liabilities of rest of the public Total 1.5 1.0 1.1 2.1 2.0 3.3 5.3 6.o Demand N.A. N.A. N.A. N.A. N.A. (1.3) (1.0) (0.9) (1.6) (1.6) (1.4) (2.6) (1.8) Time N.A. N.A. N.A. N.A. N.A. 0.2 ) 2 0.5 0.4 1.9 2.7 42 Savings Table 6.1: SUMIARY ACCOUNITS OF TIIE BANKING SYSTEM1, 1960-1972 (Contd.) (G$ millions) 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 III. Post Office Savings Bank Foreign assets 11.8 11.6 9.7 9.9 9.4 7.8 7.5 7.5 6.1 5.5 3.0 2.9 2.6 Domestic Credit 9.6 8.9 7.3 6.9 6.3 6.5 7.1 7.2 8.3 8.2 9.6 8.9 9.1 Central Government 6.9 6.4 5.8 6.0 5.5 5.5 6.o 6.4 7.6 7.0 9.3 9.4 9.4 Securities 5.0 5.4 5.5 5.5 5.5 5.5 5.5 5.5 6.8 7.0 9.7 9.4 9.4 Net balances with or from (-) Treasury 1.9 1.0 0.3 0.5 - - 0.5 0.9 0.8 - -0.4 - - Net unclassified assets 2.7 2.5 1.5 0.9 0.8 1.0 1.1 0.8 0.7 1.2 0.3 -0.5 -0.3 Liabilities to private sector 21.4 20.5 17.0 16.8 15.7 1l.3 i4.6 14.7 14.4 13.7 12.6 11.8 11.7 Savings deposits (21.4) (20.5) (TT10) (16.8) (15.7) (7-73) (VT) (77T) (T-T) (1T37) (1267) (11-87 (1r.7) IV. Consolidated Accounts of the Banking System Net foreign assets 38.7 39.7 48.8 61.9 69.7 54.6 42.6 56.4 53.1 42.8 38.2 53.8 73.1 Assets 41.9 43.2 49 62.0 62.0 56.8 S73T 59.5 756.8 0T7 48.0 81. 3 Liabilities 3.2 3.5 0.2 0.1 0.1 2.2 2.7 3.1 3.7 8.0 9.8 10.3 8.2 Domestic credit 45.3 41.9 40.8 36.5 39.4 61.9 82.9 83.1 101.7 124.2 144.4 159.8 185.0 Central Government (Net) 7.2 2T W S 5 1.2 T 23.8 24.9 44.2 6 7. 91.9 Treasury bills - - - (1.2) (4.2) 5.1 14.1 15.7 22.4 45.1 77.7 Securities (7-4) (8.6) (8-7) (8-7) (8-7) (9.1) (11.2) 17.4 18.0 17.4 19.3 18.9 19.4 Advances (-0.2) (-0.4) (-0.5) (-2.7) (-2.5) (1.5) (10.7) (4.4) 3.7 13.6 13.0 7.2 -1.9 Non-budget deposits (N.A.) N.A. N.A. N.A. N.A. N.A. (-2.3) -2.0 -2.0 -2.5 -3.3 -3.7 -3.3 Rest of public sector (gross) N.A. N.A. N.A. N.A. N.A. 11.8 11.8 7.1 - 7.0 8.6 11.3 11.5 10.3 National Insurance Fund - - - - - - - - - -0. - - -0.1 Private Investment Fund - - - - - - -0.6 -1.2 -1.4 -1.7 -2.5 -2.4 -2.6 Livestock Development Fund - - - - - - - - - - - -0.2 -0.2 Other N.A. N.A. N.A. N.A. N.A. 11.8 12.4 8.3 8.4 10.7 13.8 14.1 13.2 Undistributed profits - Bank of Guyana - -0.7 -0.7 -1.0 -0.3 -0.3 -0.3 -0.3 Official capital - - - - _ -0.2 -4.3 -4.3 -L.3 -4.3 -5.0 -6.0 -6.2 Private sector 32.8 29.L 30.3 28.7 31.8 31.0 41.0 44.3 57.6 68.6 81.4 85.9 83.1 Net unclassified assets 5.3 h.3 2.3 l.o 1.4 7.5 11.2 11.3 6.0 7.1 4.7 0.8 5.5 Float - - - - - - 0.1 0.5 0.6 0.3 0.9 0.4 0.7 1/ Excluding loan to the Guyana Rice ilarketing Board from 1968-1972. Table 6.1: SU,2ITARY ACCOUTTS OF THE BANKING SYSTTh, 1960-1972 (Contd.) (G$ millions) 1960 1961 1902 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 SDR contra-entry - - - - - - - - - - -5.0 -9.3 -14.7 Liabilities to private sector & Other public sector 1/ 84.0 81.6 89.6 98.4 109.1 116.5 125.5 139.5 154.8 167.0 177.6 204.3 243.4 Money 62.6 61.1 72.5 8T1 93.6 102.2 110.9 12 4.4 153.3 165.0 192.5 231.7 Currency in circulation (22.3) (23.8) 26.1 23.7 26.6 27.8 28.0 30.7 34.3 36.1 37.7 41.1 48.5 Demand deposits (15.9) (12.8) 16.5 17.1 18.4 18.0 20.5 22.3 24.3 25.2 24.4 29.5 36.9 Time and savings deposits 24.h 24.5 30.0 h0.8 h8.4 56.4 62.4 71.8 81.8 92.0 102.9 121.9 146.3 Deposits Post Office Savings 21.h 20.5 17.0 16.8 15.7 14.3 14.6 14.7 14.4 13.7 12.6 11.8 11.7 1/ Includes deposits of other public sector with the commercial banks (public corporations) as defined in the money supply by the Bank of Guyana. N.A. Not available Source: Bank of Guyana; IMF. Table 6.2: MONEY AND QUASI-MONEY, 1960-1972 (G$ million) G$ million Gross Percentage of GDP Currency in Demand Time and Total Money Domestic Currency in Demand Time and Total Money Circulation Deposits 1/ Savings and Quasi- Product Circulation Deposits Savings and Quasi- (1) (2) Deposits Money 1/ Current (5) (6) Deposits Money (3) (4 - 1+2+3) f.c. (7) (8 - 5+6+7) 1960 22.3 15.8 2h.4 62.5 262.4 8.5 6.0 9.3 23.8 1961 23.8 12.8 24.5 61.1 287.9 8.3 4.4 8.5 21.2 1962 26.0 17.9 30.1 74.0 305.2 8.5 5.9 9.9 24.3 1963 23.7 17.1 40.8 81.6 273.1 8.7 6.3 1]4.9 29.9 1964 26.6 19.1 48.3 9h.0 300.2 8.8 6.4 16.1 31.3 1965 27.8 18.0 56.4 102.2 325.1 8.6 5.5 17.4 31.4 1966 28.0 20.4 62.5 110.9 342.1 8.2 6.0 18.3 32.4 1967 30.7 22.3 71.8 124.8 374.9 8.2 5.9 19.2 33.3 1968 34.3 24.4 81.8 140.5 405.2 8.5 6.0 20.2 34.7 1969 36.1 25.6 92.0 153.7 437.9 8.2 5.8 21.0 35.0 1970 37.7 24.5 103.0 165.2 467.4 8.1 5.2 22.0 35.3 1971 41.1 29.6 121.9 192.6 5oo.4 8.2 5.9 24.4 38.5 1972 48.5 37.0 146.2 231.7 524.8 9.2 7.0 27.9 44.1 1/ Includes public sector deposits at commercial banks and managers' cheques outstanding after 1964. Source: Bank of Guyana, Ministry of Economic Development, Statistical Bureau. Table 6.3: ORIGIN, DESTINATION AND FINANCING OF BANK CREDIT, 1960-1972 (G$ millions) December 31 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 Total 15.3 41.9 40.8 36.5 39.4 61.9 82.9 83.1 101.7 124.2 144.4 159.8 185.0 Origin M,Ionetary authorities 2.4 3.2 3.2 3.2 3.2 3.0 10.1 2.8 -1.6 9.6 11.6 6.0 8.1 Commercial Banks 33.3 29.8 30.3 26.4 29.9 52.4 65.6 72.6 94.4 106.1 122.3 1i4.5 167.1 Post Office Savings Bank 9.6 8.9 7.3 6.9 6.3 6.5 7.1 7.2 8.3 8.2 9.6 8.9 9.1 Float - - - - - - 0.1 0.5 0.6 0.3 0.9 0.4 0.7 Destination Public sector, net /1 7.2 8.2 8.2 6.0 6.2 23.4 30.6 27.0 35.5 48.2 57.4 72.7 95.7 Private sector 32.8 29.L 30.3 28.7 31.8 31.0 41.o 44.3 57.6 68.6 81.4 85.9 83.1 Unclassified accounts, net 5.3 4.3 2.3 1.8 1.4 7.5 11.3 11.8 8.6 7.4 5.6 1.2 6.2 (including float) Financing Liabilities to private sector 84.0 81.6 89.6 98.4 109.1 116.5 125.5 139.5 154.8 167.0 177.6 204.3 243.4 Allocation of SDRs - - - - - - - - - - 5.0 9.3 14.7 Less Net international reserves 38.7 39.7 48.8 61.9 69.7 54.6 42.6 56.4 53.1 42.8 38.2 53.8 73.1 /1 Includes Central Government, Public Corporations less Capital + Reserves of the Central Bank. Source: Bank of Guyana, Table 6.1. Table 6.4: INTERNATIONAL RESERVE MOVEMENTS, 1960-1972 (G$ millions) 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 Total Change in Net Reserves (increase -) 3.1 -0.7 -10.8 -23.9 -5.0 17.6 12.1 -4.6 7.6 9.4 3.2 -17.9 -20.3 Commercial Banks 7.3 0.6 -10.1 -13.9 -6.2 18.9 6.3 -5.1 11.3 3.6 2.0 O.C 0.3 Assets 7T 0.3 -CTWT -13.8 - 6 T2 7.7 T g7 10.7 -0.7 0.1 -0.4 72T Liabilities (decrease -) 2.2 0.3 -3.3 -0.1 - 2.1 0.5 0.4 0.6 L.3 1.8 0.4 -2.1 Monetary Authorities' Assets -1.4 -1.8 -0.9 1.0 -2.1 -5.4 5.4 -8.7 -9.4 6.1 0.2 -15.8 -19.9 British Caribbean Currency Board -1.4 -1.8 -0.9 1.0 -2.1 13.6 13.5 .1 0.1 0.1 - - - Bank of Guyana - - - - - -19.0 -8.1 -9.8 -9.5 6.0 0.2 -15.8 -19.9 Central Government's Assets -6.8 0.3 -1.7 -10.8 2.8 2.5 0.1 4.2 4.3 -0.9 -1.5 -2.2 -0.8 Post Office Savings Bank's Assets 0.9 0.2 1.9 -0.2 0.5 1.6 0.3 - 1.4 0.6 2.5 0.1 0.1 Source: Bank of Guyana, IMF. Table 6.5: NET INTERNATIONAL RESERVE POSITION, 1960-1972 (Gt millions) 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 Banking System 38.7 39.7 48.8 61.9 69.7 54.6 42.6 56.4 53.1 42.8 38.1 53.8 73.3 Commercial Banks 1.7 1.1 11.2 25.1 31.3 12.4 6.1 11.2 -0.1 -3.7 -5.7 -5.7 -6.0 Assets (4.9) (4.6) (11.4) (25.2) (31.4) (14.6) (8.8) (14.3) (3.6) (4.3) (4.2) (4.6) (2.2) Liabilities (3.2) (3.5) (0.2) (0.1) (0.1) (2.2) (2.7) (3.1) (3.7) (8.0) (9.8) (10.3) (8.2) Monetary Authorities 25.2 27.0 27.9 26.9 29.0 34.4 29.0 37.7 47.1 41.0 40.8 56.6 76.5 British Caribbean Currency Board (25.2) (27.0) (27.9) (26.9) (29.0) (15.4) (1.9) (0.8) (0.7) (0.6) (0.6) (0.6) (0.6) Bank of Guyana ( - ) ( - ) ( - ) ( - ) ( - ) (19.0) (27.1) (36.9) (46-4) (40-4) (40.2) (56.0) (75-9) Post Office Savings Bank 11.8 11.6 9.7 9.9 9.4 7.8 7.5 7.5 6.1 5.5 3.0 2.9 2.8 Government 13.8 13.5 15.2 26.0 23.2 20.7 20.6 16.4 12.1 13.0 14.5 16.7 17.5 Joint Consolidated Fund 4.0 2.7 0.5 2.2 1.6 0.9 1.6 -1.6 -0.5 -0.9 -0.8 -1.5 -1.4 Investment Surplus Balances 0.4 0.4 0.4 0.4 o.L 0.4 0.4 o.4 0.5 0.5 0.5 o.4 0.5 Sugar Industry Funds 10.3 10.8 12.7 15.5 13.6 10.1 8.6 7.4 1.4 2.7 2.4 1.5 2.6 Sinking Funds Against Internal Debt 1.6 1.9 2.3 3.5 4.8 4.6 4.9 6.6 7.2 7.9 11.9 12.6 13.0 Other Funds 2.9 2.8 3.5 3.3 3.2 4.7 5.1 3.6 3.5 3.6 2.5 3.7 2.8 TOTAL NET HOLDINGS 52.5 53.2 64.0 87.9 92.9 75.3 63.2 72.8 65.2 55.8 52.6 70.5 90.8 Merchandise Imports 147.6 146.5 126.4 118.2 150.5 180.4 202.0 218.9 212.9 234.4 266.8 267.4 295.3 Net International Reserves of the Banking System as Percentage of Merchandise Imports 26.2 27.1 38.6 52.3 46.3 30.8 21.1 25.8 24.9 18.2 14.3 20.1 24.4 Source: Bank of Guyana, IMF. Table 7.1: BASIC DATA ON AGRICULTURE, 1955 AND 1960-1972 1955 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 Production Sugar milled (thousand long tons) 250 334 325 326 317 258 309 289 344 317 364 311 369 315 Rice (thousand long tons) 89 126 124 130 103 156 165 159 127 137 110 142 120 94 Coconuts (million nuts) 58 44 53 49 46 53 36 44 36 55 61 50 55 63 Ground provisions and plantains (million lbs.) 34 172 194 197 110 129 125 112 93 91 102 108 113 112 Coffee (million lbs.) 1.3 0.8 1.0 1.0 1.5 2.5 2.5 2.5 2.8 2.9 1.5 1.4 1.7 1.7 Beef (million lbs.) 6.6 8.4 7.1 6.8 6.6 7.6 8.6 9.4 8.6 8.8 9.4 8.8 9.5 9.6 Fish (million lbs.) - - - - 14.0 15.7 17.8 17.3 21.6 26.1 26.0 26.0 26.6 27.0 Shrimp (million lbs.) - 2.6 3.9 5.1 6.5 7.0 8.0 9.5 9.0 9.2 10.5 11.9 13.0 - Timber (million cu.ft.) - - 7.1 6.3 5.3 6.4 6.8 9.0 8.6 8.5 5.8 6.4 6 6 Area ('000 acres) Sugar (reaped) 78 98 108 100 97 95 107 104 115 107 126 107 137 130 Rice (reaped) 172 220 261 246 201 311 337 308 253 313 279 294 234 196 Coconuts ('000 include bearing and non-bearing trees) 32 35 35 38 39 40 40 41 44 45 46 46 47 47 Ground provisions and plantains ('000) 22 25 28 32 27 27 32 32 25 24 22 26 28 28 Coffee 4.8 2.8 2.9 3.0 3.4 3.1 3.4 3.5 3.1 3.1 3.0 3.0 3.0 3.0 Yields/acre Sugar (tons) 3.2 3.4 3.0 3.3 3.3 2.7 2.9 2.8 3.0 3.0 2.9 2.9 2.7 2.4 Rice (long tons/acre) 517.4 572.7 475.1 528.5 512.4 501.6 489.6 516.2 502.0 437.7 394.3 483.0 512.8 479.6 Coconuts ('000 nuts per planted acre) 1.8 1.2 1.5 1.3 1.2 1.3 0.9 1.1 0.8 1.2 1.3 1.1 1.2 1.3 Ground provisions and plantains ('000 lbs.) 1.5 6.9 6.9 6.2 4.1 4.8 3.9 3.5 3.7 3.8 4.6 h.2 4.0 4.0 Coffee (lbs.) 271.0 286.0 345.0 333.0 441.0 806.0 735.0 714.0 903.0 935.0 500.0 467.0 567.0 567.0 Source: Ministry of Agriculture, Economic Division. Table 7.2: VALUE OF AGRICULTURAL PRODUCTION AT 1971 PRICES G$ millions 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 Crops 81.1 81.8 81.7 71.3 76.7 82.1 77.5 78.4 76.9 82.2 81.5 86.7 76.0 Sugar 46.1 45.6 44.1 43.7 38.4 43.6 42.7 48.2 44.8 52.6 47.3 54.3 45.6 Rice 12.8 16.6 17. 13.7 20.9 21.9 19.6 15.6 16.8 13.7 19.0 14.8 11.6 Ground Provisions 8.4 8.4 4.6 5.3 4.7 3.2 2.6 2.8 3.4 3.6 3.7 3.9 Plantains 10.8 4.1 2.4 2.9 3.3 3.9 3.3 3.0 3.1 3.2 3.4 3.3 Corn 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0.3 0.3 0.3 0.4 Cabbages ... ... ... 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.3 0.4 Citrus Fruits 2.6 3.2 2.3 3.2 3.4 2.4 2.5 2.6 2.8 2.3 2.9 2.9 Coconuts 1.8 2.2 2.1 1.9 2.2 1.5 1.8 1.5 2.3 2.6 2.1 2.3 2.9 Coffee 0.5 0.6 0.6 0.9 1.5 1.5 1.5 1.7 1.7 0.9 0.8 1.0 1.0 Others 9.1 1.8 1.8 1.6 2.0 1.9 2.1 3.3 2.6 2.8 2.7 3.7 4.0 Livestock 8.5 9.1 9.5 9.2 10.4 12.0 12.0 15.0 16.3 16.8 18.4 19.2 21.1 Beef 4.0 4.1 4.0 3.8 4.4 5.0 5.5 5.0 5.1 5.4 5.1 5.5 5.6 Pork .4 .4 .5 .5 .6 .6 .8 1 .0 1.3 1.6 1.6 2.0 2.0 Poultry Meat .9 1.1 1.0 .8 1.5 1.7 2.1 4.4 4.7 4.8 6.0 7.0 8.7 Milks 2.3 2.5 2.8 3.1 3.2 3.4 2.8 3.4 3.6 3.4 3.4 2.9 2.9 Egg .8 1.0 1.2 .9 .6 1.2 .7 1.1 1.5 1.5 2.2 1.8 1.8 Others .1 .1 .1 .1 .1 .1 .1 .1 . TOTAL 89.6 90.9 91.2 80.5 87.1 92.1 89.5 93.4 93.2 99.0 99.9 105.9 97.1 Source: Ministry of Agriculture, Economic Division, Ministry of Economic Development, Statistical Bureau and Mission Estimates. Table 7.3: CULTIVATED AREA OF PRINCIPAL CROPS BY MAJOR GROUPS, 1950-1972 Groups 1950 1955 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 Cereal crops 95,788 173,050 221,507 263,349 248,223 203,502 314,281 341,631 311,047 256,259 315,335 281,901 297,430 236,930 199,919 (Rice and maize) Oil crops 33,300 32,000 35,300 35,300 38,000 38,900 39,884 40,152 40,652 44,200 45,425 46,085 46,960 47,394 47,450 (Coconuts and soyabean) Industrial crops 66,574 77,500 98,094 107,840 100,334 97,01h 95,183 107,104 103,772 115,298 107,450 126,030 107,182 136,597 130,421 (sugar) Fruit crops N.A. 2,855 2, 00 3,300 3,950 4,094 4,190 5,000 5,270 5,200 5,392 5,609 6,210 6,830 6,875 (citrus) Vegetable crops N.A. N.A. N.A. N.A. 52 30 60 64 101 91 117 148 130 240 290 (cabbages) Forage crops N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. Total: 195,662 285,405 357,701 409,789 390,559 343,540 453,598 493,951 460,842 421,048 473,719 459,773 457,912 427,991 384,955 Source: M11inistry of Agriculture, Economics Division. Table 7.4: PERCENTAGE DISTRIBUTIONS OF CENSUS FARMS AND FARMLAND BY SIZE AND UNIT Distribution of Size of Farms (Total Rhynland Acres 1/) Size Group in British Guiana by Countries, August 1, 1952 Total % Berbice Demerara Essequibo 0.1 - 1.9 6,351 22.5 2,190 3,329 832 2 - 4.9 8,h92 30.1 3,782 2,982 1,728 5 - 9.9 6,772 24.0 2,772 1,988 2,012 10 - 24.9 4,404 15.6 2,038 1,298 1,068 25 - 49.9 1,022 3.6 326 292 404 50 - 99.9 594 2.1 186 248 160 100 and over 552 2.0 163 270 119 1/ 1 acre .95 Rhynland acres Source: Ministry of Agriculture, Economics Division. RICE ACREAGE BY PERCENTAGES Acres Farmers % % of Rice Lands 0 - 9 81 42.7 10 - 49 17 25.8 50 - 99 1 6.9 100 and over 1 23.6 Source: Rice Producers Association, 1968. Table 7.5: GUYANA CREDIT CORPORATION Purposes of Loans for Primary Production, 1962-1971 (G$ 000's) Food Products, Agriculture Agricultural Fishing Ranching & Corporative & Total Machinery Logging Local Authorities 1962 100.2 108.5 0.7 0.3 67.5 277.3 1963 47.0 57.5 0.8 - 151.2 256.6 1964 71.6 41.6 0.7 - 3,281.2 3,395.1 1965 92.5 6.0 1.3 - 136.1 242.1 1966 133.8 60.2 4.9 - 65.7 264.6 1967 135.6 5.9 15.4 - 97.9 254.8 1968 71.4 53.9 65.4 h 35.2 225.9 1969 115.6 35.1 87.3 145.0 383.1 1970 103.5 12.3 14.5 17.5 195.6 343.4 1971 30.3 31.6 1.3 2.7 7.1 73.0 Source: Ministry of Economic Development, Statistical 9ureau, Reports of Guyana Credit Corporation. Table 7.6 CREDIT TO AGRICULTURE, FISHERIES AND FORESTRY (G$ million) 1966 1967 1968 1969 1970 1971 1972 ConLnercian Banks- 3/ 14.7 14.1 10.0 8.6 14.4 14.0 N.A. Guyana Credit Corp2/3/ 3.6 3.8 0.2 0.2 0.1 0.1 N.A. Guyana Marketing Corp_/ - - - - 0.2 0.3 N.A. Cane Farming Development C5yp 1/4/ - - - 0.3 1.3 2.0 1,56/ Rice ;.arketing Board, etc.- N.A. N.A. N..A. 1.5 2.5 2.3 2.5 Instalment credit.5/ 5.0 4.3 4.1 4.2 4.4 4.5 N.A. Detail of Commercial Bank Credit Outstanding Sugarcane planting 0.04 0.05 0.03 0.03 0.56 0.73 0.90 Paddy farming 1.63 3.07 1.87 2.73 2.91 3.35 3.30 Other agriculture 0.12 0.17 0.11 0.18 0.39 1.01 2.00 Livestock 0.24 0.17 0.27 0.36 0.67 0.85 1.00 Fishing 0.04 0.29 1.39 1.39 1.74 1.08 1.10 Forestry. 0.31 0.15 0.25 0.41 0.13 0.16 N.A. Timber and sau3millig 0.95 1.40 2.09 1.31 2.11 2.53 N.A. Sugar industry 7.01 6.49 2.69 0.72 4.52 2.84 0.70 Rice nmilling 4.34 2.28 1.33 1.42 1.40 1.42 1.30 Total 14.68 14.07 10.03 8.55 14.43 13.97 1/ Odtstanding at end-year 2/ Loarns granted 3/ For drainage and irrigation 4/ To cane farmers ,/ For the purchase of farm machinery 6/ Lo.;ns approved in 1972 Source: Bank of Guyana, Agriculture and Credit Bank Table 7.7: GUYANA - LANDED COST AND FARM COST OF THE MAIN TYPES OF FERTILIZERS, 1965 AND 1968 1965 1968 1972 1965 1968 1972 Kinds of Fertilizers Landed Cost per ton Cost to Farmers at Retail Stores c.i.f. G$ per ton G$ Sulphate of Ammonia 92.lh 81.26 89.98 124.30 135.00 140.80 Urea 194.80 177.33 186.02 215.00 210.00 255.oo Triple Superphosphate 164.72 196.58 - 197.00 245.oo - Muriate of Potash 99.59 108.03 165.87 136.98 178.00 228.80 10 - 20 - 0 154.20 173.10 217.44 170.00 19h.50 294.80 15 - 15 - 15 175.79 171.06 236.99 195.00 235.00 330.60 Limestone 19.1h 32.32 37.06 26.00 h9.16 48.oo Source: Economics Division, Ministry of Agriculture. Table 8.1: BAUXITE AND ALUMINA PRODUCTION AND EXPORTS, 1960-1972 (Volume in long tons 000; unit value in US$; exports in US$ millions) 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 Ore Mined .. .. .. 3,665 4,237 4,348 4,167 3,668 Production Bauxite, dried 1,828 1,335 1,328 950 935 1,240 1,596 1,799 1,934 2,105 2,290 2,101 1,640 Bauxite, calcined 317 365 377 346 468 484 504 471 587 644 692 710 686 Alumina - 130 227 219 295 279 287 273 265 298 312 305 256 Exports Bauxite, dried Volume 1,788 1,236 1,465 737 585 1,263 1,531 1,824 1,778 2,097 2,303 2,053 1,425 Unit value 5.8 6.7 6.8 8.4 9.7 6.9 7.9 8.2 8.3 8.7 9.5 9.7 9.4 Value 10.5 8.3 9.9 6.2 5.7 8.8 12.0 15.0 14.8 18.3 21.9 20.0 13.5 Bauxite, calcined Volume 307 370 366 426 485 494 492 459 587 651 702 689 659 Unit value 22.0 22.6 22.6 24.8 25.2 26.5 31.1 32.7 32.0 32.4 34.5 37.0 54.1 Value 6.8 8.4 8.3 10.5 12.2 13.1 15.3 15.0 18.8 21.1 24.2 25.5 35.7 Alumina Volume - 120 215 216 245 275 297 269 244 296 324 302 252 Unit value - 58.9 61.8 60.3 63.8 64.8 65.0 66.a 67.6 70.3 71.6 67.2 54.8 Value - 7.1 13.3 13.0 15.6 17.8 19.3 18.0 16.5 20.8 23.2 20.3 13.9 Alumina Hydrate Volume 6 Unit value 5B.4 Value 0.3 Dried Refractory Volume 2 27 Unit value 42.5 25.5 Value 0.1 0.7 Chemical Grade Bauxite Volume 186 Unit value 11.8 Value 2.2 Source: Ministry of Economic Development, Statistical Bureau, Bank of Guyana. Table 8.2 SELECTED DATA ON BAUXITE ALUMINA OPERATIONS, 1966-1972 (G$ thousands) Preliminary 1966 1967 1968 1969 1970 1971 1972 Sales 84,413 85,807 102,230 120,306 141,595 137,371 151,816 Bauxite, dried-/ (20,520 (27,071) (29,351) (36,595) (39,335) (33,284) (28,301) Bauxite, calcined (2" 1S3) (25,808) (36,735) (42,235) (48,471) (56,741) (79,639) Bauxite, chemical-grade/ ( . ) ( ) ( ) ( ) ( 4,402) ( 6.724) ( 4,693) Bauxite, refractory-rade ( ) ( . ) ( . ) ( ) ( ) (85) ( 1,454) Alumina (37,730) (32,928) (36,144) (41,476) (49,387) (40,537) (37,054) Alumina Hydrate ( .) ( .) ( ) ( ) ( ) ( ) (675) 2/ 3/ Change in Stocks- -2,005- -592 -479 -58 1,436 865 4,523 Current Costs .. 53,779 62,264 68,079 75,724 80,984 Wages and Salaries (18,960) (21,920) (23,612) (25,294) ) 31455) (32,583) (30,462 Other Labor Income (563) ( 3,360 ( 4,142) ( 3,702) ) 3, ) , ( 5,781) Raw Materials (27,468)-/ (15,473) (16,870) (16,855) (12,429) (24,969) Other ( 1,386)3/ (13,126) (16,600) (22,229) (31,840) (23,432) Taxes .. .. .. .. .. 12,403 .. Income Taxes ( 3,100) ( 6,300) ( 5,500) ( 4,700) (11,235) ( 9,456) ( 9,868)4/ Export Duty ( - ) ( _ ) ( ) (797)3/ ( ) ( 1,301) ( 1,018) Royalties ( ) ( ) ( ) (349)3/ ( ) (476) (429) Other ( . ) ( ) (1,170) ( 1,652) Depreciation 9,200- 11,029 15,114 16,400 17,914 21,881 Surplus 29,503 29,854 43,811 53,125 59,576 58,488 Value-Added 49,026 55,024 73,450 82,121 91,031 91,071 1/ Sales of chemical-grade bauxite through 1969 included in dried bauxite figures 2/ Raw materials and finished products 3/ DEMBA only 4/ GUYBAU only Source: Ministry of Economic Development, Statistical Bureau; Ministry of Finance; and Company Reports Table 8.3: ELECTRICITY GENERATION AND CONSUMPTION 1960-1972 (MWh) 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 Total Generated 88.0 95.8 105.5 101.4 170.6 199.3 220.3 240.3 266.6 292.2 322.6 329.0 340.1 O/w public utilities 50.5 54.6 58.0 59.2 63.9 74.6 86.4 98.6 117.6 134.1 157.0 159.5 174.9 Total Consumed 79.0 86.8 96.1 91.8 159.1 187.0 207.7 225.7 249.3 272.0 293.2 304.2 305.2 Residential 23.0 25.4 27.4 27.9 24.5 30.8 37.2 41.0 47.1 50.4 53.1 58.5 62.6 Commercial and Industrial 53.3 58.5 66.1 60.8 130.2 151.7 165.8 180.2 197.4 217.0 232.8 239.0 235.3 Other 2.h 2.9 2.6 3.1 4.4 4.5 4.7 4.5 4.8 4.6 7.3 6.7 7.3 Source: Ministry of Economic Development, Statistical Bureau. Table 8.4: IMPORT OF SELECTED BUILDING MATERIALS, 1960-1972 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 Cement Cwt. millions o.68 0.70 0.51 0.54 o.48 0.60 1.06 1.60 1.20 1.08 1.02 1.87 2.52 G$ millions 1.53 1.56 0.57 0.74 0.89 1.18 1.94 1.88 2.28 2.49 2.11 2.96 1.39 Galvanized aluminum sheets Cwt. millions 0.096 0.111 0.0o9 0.069 0.045 0.092 0.079 0.099 0.084 0.168 0.101 0.071 0.068 G$ millions 1.95 1.75 1.10 1.21 1.21 1.99 1.61 1.89 1.25 3.29 2.30 1.42 1.99 Hard board G$ millions 0.23 0.25 0.18 0.23 0.4o 0.47 0.61 0.59 1.38 1.14 1.15 1.76 0.82 Paint and paint components Lb. millions 3.10 2.36 2.15 2.49 1.98 2.40 2.69 3.00 3.23 3.52 3.71 3.64 3.76 G$ millions 1.67 1.28 1.14 1.09 1.03 1.21 1.37 1.33 1.52 1.43 1.71 1.97 2.19 Window glass Lb. millions 1.20 1.25 0.57 0.70 0.53 1.06 1.24 1.44 1.52 0.94 1.16 o.50 1.84 G$ millions 0.18 0.14 0.09 0.08 0.06 0.10 0.18 0.20 0.23 0.18 0.20 0.14 0.36 Nails Cwt. millions 0.01 0.02 0.13 0.007 0.02 0.03 0.02 0.01 0.01 0.01 0.02 0.02 o.oo6 G$ millions 0.25 0.20 0.18 0.11 0.24 0.19 0.27 0.25 0.23 0.22 0.28 0.28 0.13 Source: Ministry of Economic Development, Statistical Bureau. Table 8.5: RESIDENTIAL HOUSES ERECTED AND ADDITIONS TO EXISTING HOUSES - - ~~~~~~~~~~/1 Erected Added to Total- 1960 2,150 1,h07 2,854 1961 2,240 1,303 2,892 1962 2,271 2,167 3,354 1963 1,630 1,734 2,497 1964 1,950 1,565 2,732 1965 1,838 1,639 2,658 1966 1,601 1,h08 2,305 1967 1,971 1,797 2,870 1968 1,936 1,801 2,836 1969 2,348 1,769 3,232 1970 2,o86 1,523 2,848 1971 1,324 1,182 1,915 1972/2 1,135 766 1,518 /1 50 percent of altered buildings calculated as new housing unit. /2 Provisional Source: Ministry of Economic Development, Statistical Bureau. Table 8.6: MAIN SOURCES OF FINANCE FOR REAL ESTATE (G$ thousands) New Sugar GMF & Credit Building Industry Insurance Trade Total Union Society Labor Union Welfare Commaittee '960 1,304.5 1,881.7 894.8 3,556.5 7,637.4 1961 1,112.8 1,L18.1 768.9 2,414.3 5,724.1 1962 639.5 85.3 858.2 1,317.0 2,900.0 1963 386.3 - 565.o 814.8 1,766.1 196h 583.5 87.2 412.8 1,739.8 2,823.3 1965 543.4 928.3 5h9.6 2,377.0 4,398.4 1966 1,820.9 1,635.3 423.4 3,319.6, 7,199.2 1967 1,207.7 1,631.5 370.6 3,998.0 7,027.8 1968 787.0 1,295.1 1,298.7 3,868.5 984.4 8,233.6 1969 1,252.8 1,686.1 1,201.5 4,586.4 3,446.6 12,273.6 1970 1,849.6 1,657.8 997.2 3,14o.3 4,835.4 12,480.3 1971 1,057.5 1,969.2 799.2 2,416.2 3,382.9 9,625.0 1972 112.8/1 2,060.4/2 669.4-2 4,1LL.7L2 1, 457.J.sŽ 8,443.7 P Fcr the first two quarters only. /2 For the first three quarters. Source: Ministry of Economic Development, Statistical Bureau, Bank of Guyana. Table 8.7: RECURRE4T FYPENDITURES OF THIE GOVEIUIE?IT ON HEALTH AND EDUCATION, 1964-72 (G$ thousands) 1964 1965 1966 1967 1968 1969 1970 1971 1972L iHEALTH Ministry (including professionals) 224.0 240.6 226.2 202.3 2.3 3 244.3 229.6 225.6 251.8 Hospital Administration (Nursing) 82.4 98.8 105.8 121.3 121.3 122.5 130.6 137.2 149.4 Hospital Administration (non-medical) 46.3 40.5 36.8 51.5 53.3 47.2 46.7 4O.0 50.0 Doctors' Salaries 507.1 537.9 566.8 652.0 731.7 736.2 771.2 794.5 922.0 Word Sisters, Nursing Salaries 694.6 799.4 858.5 825.2 796.3 850.2 861.0 793.4 1,099.1 Salaries to other Mledical Personnel 606.8 715.4 719.8 690.5 764.7 625.1 928.2 887.8 1,112.9 Medical Supplies 584.o 681.0 730.0 731.0 764.4 881.5 950.8 658.6 1,102.5 Maintenance X-Ray Equipment 1.2 0.4 1.6 4.6 L.6 9.9 6.7 11.3 4.0 Analyst Staff 45.4 45!. 63.1 67.0 61.6 61.2 57.2 57.7 81.1 TOTAL 2,791.8 3,159.1 3,310.6 3,345.4 3,503.2 3,578.1 3,982.0 3,606.1 4,772.8 As percentagfe of Government Recurrent Expenditure 4.0 3.9 3.9 3.8 3.6 3.3 3.2 2.6 3.3 EDUCATION Expenditure on Education 11,246.0 13,750.7 13,891.9 14,992.8 16,221.5 16,844.1 18,777.0 20,486.0 22,538.0 As percentage of Government Recurrent Expenditures 16.1 16.8 16.5 17.1 16.5 15.8 15.3 14.9 15.4 /1 Provisional. Source: Ministry of Education, Ilinistry of Health, iMinistry of Finance. Table 8.8: CAPITAL EXPENDITURE OF THE GOVERNMENT ON HEALTH AIND EDUCATION, 1964-1972 (G$ Thousands) 1964 1965 1966 1967 1968 1969 1970 1971 1972 Health Hospitals Health Centers etc. 13.7 85.2 16.9 74.2 31.8 27.0 39.h lh.2 20o.8 Additional Equipment 46.1 41.0 88.5 85.9 81.9 23.2 229.0 72.0 67.2 TOTAL 59.8 126.2 105.h 160.1 113.7 50.2 268.h 86.2 272.0 As a percentage of Central Government capital expenditure 0.6 0.8 0.4 0.6 0.3 0.1 0.7 0.2 0.7 Education Primary 7.7 - 2.0 28.7 18.6 3h7.3 46.6 19.0 21.0 Secondary 178.2 383.0 6h8.0 616.7 372.6 399.6 186.9 iLo.0 439.0 Technical 12.6 281.9 81.5 loh.3 63.9 286.0 2,380.0 512.2 146.1 Teacher Training - - - - 6.7 23.9 - - - Higher Education 228.h 376.2 226.6 1,456.8 1,790.6 3,366.6 637.1 782.5 70h.0 Other 4.0 19.8 221.4 97.0 108.h 93.0 175.0 126.2 158.0 TOTAL h30.9 1,060.9 1,179.5 2,303.5 2,360.8 4,516.h 3,425.6 1,579.9 1,468.1 As a percentage of Central Government capital expenditure 4.4 6.5 h.5 8.5 6.3 11.5 9.2 h.0 3.7 Source: Ministry of Health, Ministry of Education, Ministry of Finance; Ministry of Economic Development, Statistical Bureau. Table 8.9 SELECTED DATA ON MANUFACTURING, 1965-1971 (G$ thousands) Sales Costs SurPlus Vslue-Added LeprecP--t o, Purchases of Materials Other Costs (Adl.by Other (excludiog Stock T'otal Wages Labor Income Depreciation) Changes) 1965 Food, Beverages, Tobacco .. .. 3,629 140 7,096 10,866 531 Garments, Testiles, Leather .. .. 500 7 .. .. 210 717 25 Chemicals, Pharmaceuticals, Cosmetics .. .. 363 60 . .. 485 9()8 43 Metal Products . . . .. . . Electrical Equipment .. . . . ,. . Printing .. .. 1,531 80 .. .. 499 2,110 146 Other . . . 274 20 .. .. 648 942 18 1966 Food, Beverages, Tobacco 30,430 25,628 4,202 169 8,465 12,631 4,802 11,088 447 Garments, Tentiles, Leather 2,222 2,029 531 9 138 1,350 371 941 22 Chemicals, Pharmaceuticals, Cosmetics 2,218 1,778 390 53 737 598 471 963 49 Metal Products 2,034 2,393 1,170 151 246 826 -359 962 49 Electrial Equipment . .. .. . .. . .. Printing 2,013 2,363 1,515 86 244 518 393 2,104 110 Other .. .. . .. . . .. 1967 Food, Beverages, Tobacco 32,186 26,044 4,062 261 7,611 14,113 6,552 10,874 478 Garments, Textiles, Leather 2,942 2,656 572 10 165 1,910 511 1,094 78 Chemicals, Pharmaceuticals, Cosmetics 2,198 1,913 417 83 618 794 183 683 47 Metal Products 2,499 2.843 1,216 184 315 1,129 -369 1,031 53 Electrical Equipment .. .. .. .. .. .. .. Printing 2,990 2,861 1,369 70 476 948 1,(19 2,458 141 Other 175 139 47 1 13 78 31 67 2 1968 Fond, Beverages, Tobacco Garments, Textiles, Leather Chemicals, Pharmaceuticals, Cosmetics N O T A V A I L A B L E Metal Products Electrical Equipment Printing Other 1969 Food, Beverages, Tobacco 9,36611 6,068 431 230-1 6,720-1 12,286 18,768 1,532 Garments, Textiles, Leather .. .. 912 42 .. .. 146 1,100 63 Chemicals, Pharmaceuticals, Cosmetics 2,592 2,008 445 116 592 855 555 1,116 40 Metal Products 4,121 3,815 1,141 201 383 2,088 308 1,650 Electrical Equipment 326 291 26 - 17 248 35 60 8 Printing ,. 2/ 1,873 223 , . .., 927 3,021 163 Other 441- 2562/ 606 9 682/ 136- 1,144 1,761 65 1970 Food, Beverages, Tobacco 7,324'" 8,9081/ 6,951 679 8011/ 7 115- 11,082 28,784 2,371 Garments, Textiles, Leather 644-/ 59432 1,112 53 108-2/ 367-2/ 455 1,620 65 Chemicals, Pharmaceuticals, Cosmetscs 2,915 2,295 471 89 630 1,105 359 919 48 Metal Products 6,166 6,149 1,570 162 655 3,762 17 1,749 139 Electrical Equipment )83 358 32 1 35 290 26 59 9 Printing *- 2/ .. 1,945 213 *- 2/ ''2/ 1,363 3,571 149 Other 135- 1501' 772 29 52- 46- 286 1,087 69 1971 Food, Beverages, Tobacco 10,284-/ 9,4171/ 9,594 728 7211/ 7,562-1/ 11,905 22,626 298-0 Garments, Testiles, Leather 7,937 6,728 1,294 - 828 4,546 1,387 2,741 73 Chemicals, Pharmaceuticals, Cosmetics 3,391 2,717 471 52 579 1,615 674 1,197 42 Metal Products 5,475 5,494 t597 166 1,768 1,963 -19 1,783 133 Electrical Equipment 565 507 40 1 70 396 58 100 8 Printing 5,073 3,967 1,687 227 640 1,412 1,119 3,034 129 Other 1,698 1,583 367 25 211 980 107 549 43 Note: The concept of manuFacturing as applied here excludes sugar relining, rice milling, sawmilling and electric power. The "Food, Beverages, Tobacco' sub-sector includes production of rum and molasses. Calculations of surplus based on total receipts (which usually exceed sales recel, s) 1/ Tobacco only 2/ Clay products only 3/ Leather goods only 4/ Without rum and molasses Source Ministry of Economic Development, Statistical Bureau I bl~~~~~~~~ d O ~~~~~~MANUFACTUJRINC USD08 INCET0717 LAWS, 1964-1970 (CS thousads) Sectors Soof ~~~~~~~~F-es Capitol . e.veermee.I Em Kploymet C-eted Rag MaterIal UsedSae Land & Na-hlery ToruL.I' Saildses& Equip. No. of Jibs Wages Tt-l Doi-uti Importd ].Ia D--sti~ Experts 1964 20 Ža7Z5 2_293 408 1,050 341 445 4~077 -a-4 3_06 13.648 13-508 134 Food, toege,Tbacco 609 764 III 402 125 135 499 202 297 7,015 6,907 100 El. recot, Textile, Leathe 260 161 10 46 h0 48 12 - 172 305 285 20 Ch-eioal, lharmaeat-al, Cosm.eso 2,1 56 7t8 ItO 301 64 134 2,632 812 1,0820 3, 136 5,13a1 PiclPoal 232 791 59 62 42 95 205 - 285 412 4t7 lhoela qipot170 ItO 42 40 23 45 175 - 175 280 280 - Other 345 350 87 198 07 44 313 - 313 489 489 1965 14 2.2701 15429 376 558 346 569 2874 52229 3 4225 3,887 336 Food, R-oorgs, Tohao-o 2 tSS 155 52 60 42 St 365 60 304 458 442 16 Caset,T-nss Leahee 2 ItS 434 160 177 69 102 539 1 538 698 550 140 Chemical, Phar--es toats, omess 1 55 52 - 10 S 91 210 20 190 451 200 tOt M iIPodcs1 85 83 5 29 2 33 104 - too 180 163 El-t--r,ol Eqospe-o 1 40 55 15 10 15 33 50 - 90 100 100 - Other 7 866 885 144 276 t49 238 t,606 456 1,50 2,338 2,336 22 1966 12 91922 4,921 1,179 29737 350 634 10_190 4-60 9,722 14,641 13,2278 371 road , BeoRags To.oec 4 3,325 3,526 990 2,225 77 108B 1,537 764 7,273 9,786 9,786 - 43,ooo Txie,Lahr4 432 299 28 164 109 145 904 1 003 1,362 1,260 114 Ocal edot 1 120 120 20 50 12 13 455 - 455 593 563 30 Elei--ol Eq-ips-eo 1 18 25 3 t1 49 85 206 - 206 336 336 - ishar ~ ~~~~~~~ ~~~~ ~~~~ ~~~~9 6,030 953 138 400 111 203 1,089 203 006 1, 945 1,710 2 27 1967 25- 3.672 6.929 2,5-50 3 117 827 597 26_61 969 1 692 5,211 4,056 355 Food, Icoerages, lohacee 7 2,~~~~~~~~~~ ~~~~~~2116 4,959 2,121 2,122' 474 76 850 707 142 1,065 t oss - arstTs TItts eahr1 8 18 - 10 43 54 72 - 72 11(3 110 - Chemicls Pharmuomttoals osecs 4 317 it, 29 200 69 120 426 34 302 1,219 1,249 - Netal Prodacts 2 ~ ~~~~ ~~~~ ~~~~ ~~~ 49 097 249 510 00 12 364 - 364 067 047 - t'he rlI 671 739 tSl 346 131i 211 9Ill 376 722 1.900 1,5i.5 355 1968 30 29299 L992 OhO 1,899 714 12191 54_29 % L,0 4_234 11 '30 7 .7 17 3 513 bod,loeagt Thor 7 2,308 1,2778 199 467 126 266 2,0.2 874 1,520 5,6 2:7,9741 2.035 Coret,Tsle,Lahr7 977 976 215 450 287 422 1,512- 7 1,05 2,702 1,568 ,134 Chemicals, Pharmaceuticals, Cosmetios 3 87 71 195 486 43 115 Ot 41 54 ,022 946 75 Sesal Products ~ ~ ~~~ ~~~ ~~~ ~ ~~~~2 896 0D2 48 24 36 51 52 - 0 163 163 - "I-ctr Ic El6qu1peete- --- - - - - - - - -- Oth-r 11 058 906 221 1'53 322 336 1,712 314 1,0108 2,330 2,060 249 1969 13 1222 _245 42 71 _1 2917 2'99 5124 1 043 916 727 3 162 1 090 1 664' r00d, ...r..s,Tabce 2 116 62 3 52 I4 1d 9 5 - 55 39 larments, Tootlts, Leahee 1 45 45 . 3 10 9 10 - 16h 702 202 - Cheeloals, Pharoocea riools, Cosmetics - -~~~~~70 42 29) 13 3 9- -7 10 27 72 -3 - Metal Produots 2 ~ ~~~~ ~~~~ ~~ ~ ~~~ 76I 0 9 '3 3I I 37 10 7 2 3 0 El etri-al Equlymet 1 1 1 62 19 13 5 13 - 13 00 do GOth 7 1,200 1,31 322 I, 'Ii lE 356 700 732 211 2,080 .12 l,37i, 1970 5 092 892 7 30 4.76 61 160 6724 29 995 1,22 070 222I Food, B-oorg-u, foaoo- 1 82 82 a1 lo 6 9 130 23 107 151 99 53 C; armeet, Textiles, Leathe - - - --- - - - - - -- Chem'icals Ph rmttcaI,C-smtitcu - - - - - - - - . - Metatl Product I 22 273 59 2 24, Si 3735 323 5 13 132 01 R1te-csca Equipmet 1 22 27 3 3 5 1 1 4 O 92 57 - Other- 519 110 1110 300 33 69 89 0 37 283 88 1/ 01ffere-c hoee.o total aod coo po...oss da- to -rse .p~t,l Sauco Gayo.. D-letp-ts Co-Porteo Table 9.1: INDEX OF CONSUMER PRICES 1960-1972 (1956 - 100) 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 GUYANA Total 103.4 104.5 108.8 110.2 111.1 113.5 116.3 119.3 123.0 124.7 127.5 130.2 136.9 Total % Change 1.1 4.3 1.4 0.9 2.4 2.8 3.0 3.7 1.7 2.8 2.7 6.7 Food 102.2 103.7 107.8 109.9 111.2 115.2 119.9 124.0 128.8 130.3 134.1 137.8 148.8 Food % Change 1.5 4.1 2.1 1.3 4.0 4.7 4.1 4.8 1.5 3.8 3.7 11.0 Clothing 101.2 102.0 103.4 103.8 104.2 104.6 105.6 107.3 109.9 112.3 114.3 116.2 118.6 Clothing % Change 0.8 1.4 0.4 0.4 0.4 1.0 1.7 2.6 2.4 2.0 1.9 2.4 Housing 105.9 105.7 105.9 106.9 107.5 108.8 110.0 111.1 112.8 114.6 117.3 119.8 122.7 Housing % Change -.2 0.2 1.0 0.6 1.3 3.2 1.1 1.7 1.8 2.7 2.5 2.9 Other 105.4 106.4 115.0 115.5 116.1 117.1 117.8 120.4 123.7 125.3 127.4 128.6 131.8 Other % Change 1.0 8.6 0.5 0o.6 1.0 0.7 2.6 3.3 1.6 2.1 1.2 3.2 URBAN Total 105.7 106.8 110.1 112.7 113.1 116.1 118.5 122.1 i25.8 127.5 131.8 134.5 140.5 Total % Change 1.1 3.3 2.6 0.4 3.0 2.4 3.6 3.7 1.7 4.3 2.7 6.0 Food 104.9 106.8 109.1 113.3 112.9 117.6 120.6 124.1 128.6 129.3 135.0 138.1 1146.4 Food % Change 1.9 2.3 4.2 -.4 4.7 3.0 3.5 4.5 0.7 5.7 3.1 6.3 Clothing 101.5 102.1 102.6 103.0 103.2 103.6 105.2 107.8 111.0 114.8 119.1 123.3 128.1 Clothing % Change 0o.6 0.5 0.4 0.2 0.4 1.6 2.6 3.2 3.8 4.3 4.2 4.8 Housing 105.8 105.7 105.8 106.9 108.6 111.1 112.9 114.9 116.4 118.2 121.5 123.9 126e8 Housing % Change -.1 0.1 1.1 1.7 2.5 1.8 2.0 1.5 1.8 3.3 2.14 2.9 Other 107.5 107.9 116.0 117.1 118.0 119.1 120.6 124.7 128.7 130.5 132.3 133.2 136.2 Other % Change 0.4 8.1 1.1 0.9 1.1 1.5 4.1 4.0 1.8 1.8 0.9 3.0 Source: Ministry of Economic Development, Statistical Bureau, IMF. Table 9.2: PRICE AND WAGE INCREASES 1960-1972 2/ (Percent change during period) Nominal Terms Real Terms Basic Wage Basic Wage Basic Wage Cost of Basic Wage Basic Wage Basic Wage (Sugar Mill) (Bauxite) (Motor Transport) Living (Sugar Mill) (Bauxite) (Motor Transport) 1961 1.6 0.0 8.1 1.1 0.5 -1.1 7.0 1962 20.6 11.1 0.0 4.3 16.3 6.8 -4.3 1963 13.2 0.0 0.0 1.4 11.8 -1.4 -1.h 1964 0.0 0.0 6.2 0.9 -0.9 -0.9 5.3 1965 0.0 15.0 0.0 2.4 -2.4 12.6 -2.4 1966 4.6 15.0 0.0 2.8 1.8 12.2 -2.8 1967 0.0 8.7 0.0 3.0 -3.0 5.7 -3.0 1968 8.9 8.7 25.9 3.7 5.2 5.0 22.2 1969 0.0 4.0 30.0 1.7 -1.7 2.3 28.3 1970 8.2 0.0 0.0 2.8 5.4 -2.8 -2.8 1971 5.7 9.2 0.0 2.7 3.0 6.5 -2.7 1972 5.4 2.8 0.0 6.7 -1.3 -3.9 -6.7 1/ There is no overall wage index and the contracts in the individual industries are month-year contracts so that the changes in both basic and real wages are by large jumps. Source: Ministry of Labor and Social Security, Ministry of Economic Development, Statistical Bureau, and Mission Estimates. Table 9.3: GUYANA WAGE RAT',J FOR UNSKILLED WORKERS IN CERTAIN INDUSTRIES 1960-1972 - (G$) 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 Sugar Fields 2.49 3.00 3.00 3.45 3.45 3.45 3.60 3.60 3.90 3.90 4.25 4.46 4.68 Sugar Milling 2.48 2.52 3.04 3.44 3.44 3.44 3.60 3.60 3.92 3.92 4.24 4.48 4.72 Rice Development Corporation 2.80 2.88 3.04 3.20 3.20 3.68 3.84 4.00 4.24 4.24 4.24 4.24 4.24 Bauxite Mining 7.20 7.20 8.00 8.00 8.00 9.20 9.20 10.00 10UOO 10.40 10.40 11.36 11.68 Metal Works Manufacturing 3.20 3.76 3.76 3.76 4.48 4.48 4.80 5.04 5.36 5.52 5.92 5.92 6.32 Government (Public Works) 3.04 3.04 3.04 3.04 4.00 4.00 4.00 4.00 4.00 4.00 4.26 4.54 4.54 Commercial Undertakings - - - - - - 4.12 4.12 4.12 4.12 4.12 4.12 4.12 Motor Transport 2.96 3.20 3.20 3.20 3.40 3.40 3.40 3.40 4.28 5.52 5.52 5.52 5.52 Construction 2.56 2.56 3.52 3.52 4.o8 4.o8 4.08 4.08 4.08 4.08 4.08 4.08 4.08 Waterfront Workers 3.82 3.82 4.30 4.30 4.92 4.92 4.92 5.74 5.74 5.74 5.74 5.74 6.94 Match Manufacture 2.90 2.90 3.00 3.00 3.46 3.46 3.46 3.46 3.46 3.98 4.75 4.75 4.75 1/ Hourly rates were converted into daily rates by multiplying by 8. Source: Ministry of Labor and Social Security, IMF. APPENDIX II Page 1 DESCRIPTION OF MPJOR TPXES A. PERSONAL INCOME TAX 1. Chargeable Income. Chargeable income is defined as aggregate income minus applicable personal allowances and deductions. All persons whose chargeable incomes are less than G$500 are exempt. 2. Personal Allowances and Deductions for Residents. (a) Single allowance - G$800 (b) Married allowance - G$1,h00 (c) Earned income allowance - Deduction of 5 percent of income from employment and pensions, with a maximum of G$500. (d) Wife's earned income allowance - Deduction of the wife's income from employment up to a maximum of G$400. (e) Child allowance - Deduction of G$300 in resoect of each unmarried child under the age of 16 years, or a child receiving full-time education at any school, college, university or other educational establishment. The taxpayer is also entitled to an allowance for a child who is not his child but who is in his custody and is wholly maintained by him. (f) Dependent allowance - Deduction of G$200 for each deperdent reThtive maintained by the taxpayer. "Dependent relative" is defined as: (i) a taxpayer's or his wife's relative who is incapacitated by old age or infirmity: or (ii) the taxnayer's or his wife's widowed mother whose income does nct exceed G$300 per year. The taxpayer's claims in respect of children wyho are not his children (but are in his custody) and dependent relatives are limited to four persons in all. (g) Allowance for interest on housing loans - Deduction of the interest payable on a loan for the purrose of financing the construction or purchase of a new building to be used by the taxpayer as his residence. (h) Deductions for life insurance premiums, contributions to super- annuation schemes and investment in prescribed Government securities -- Premiums for life insurance paid to an approved company and contributions to apprcved superannuation funds are deductible, subject to a maximum of one-fifth of income. Anounts invested in orescribed Government Securities in the year preceding the year of assessment are allowed as a deduction, subject to aggregaticn with the premiums and cortributions and the one-fifth linmit. APPENDIX II Page 2 (i) Deduction for contributions to the National Insurance Scheme - Contributions to the NIS are deductible. (j) Deduction for medical expenses - Allowance of up to G$150 for salary and wage earners in receipt of incomes below GV4,800 per annum, and of up to G$100 to those with incomes of between G$4,800 to G$7,200 per annum for hospitalization expenses, medical con- sultant fees and dental fees for themselves and their families. (k) Deduction for school expenses - Salary and wage earners in receipt of incomes below G$4,800 per annum who have more than three children attending school, are granted a school allowance of G$100 for each child in excess of three between the ages of 6 and 18 years attending school in Guyana. (1) Allowance for rented dwellings - A tax credit of 1/2 percent of the annual rent, with a minimum of G$2.00 and a maximum of G$10.00, available to a taxpayer who lives in a rented house. 3. Marginal Rates of Tax. Chargeable Income (G$) Tax Rate (Cents in the G$) First 1,000 5 Next 1,000 10 It 1,000 15 " 1,500 25 " 1,500 35 It 2,500 4o it 3,000 50 it 3,000 60 Above 14,500 70 B. COFPANY TAXATION 4. Chargeable Income. Al] expenses wholly and exclusively incurred in the production of income are allowed in the computation of taxable incoime, subject to certain linmitations. The major restrictions are as follows: (a) "Expenses in excess of the amount which the Commissiorer corsiders reasonable and necessary having regard to the requiremtent of the trade and business" are not deductible. APPENDIX II Page 3 (b) No deduction is allowed for head office expensesj/ in excess of 1/2 percent of sales or gross income in the case of a commercial company2/ and 1 nercent in the case of a company other than a commercial company. (c) Property Tax payable cannot be deducted. 5. Annual Depreciation Allowances. The annual wear and tear deductions vary according to the type of asset. IJnless otherwise indicated, the depletion allowances are calculated with reference to the written-down value (i.e. cost of asset minus the annual deductions already made.) Some representative rates of depreciation are given below. Percentage Allowed Bauxite Industry Buildings Industrial - Steel 33/ Wooden WlorkersI Houses Drilling Equipment 20 Drag Lines 15 Plant and Machinery 10 Sugar Industry Ploughs, tractors, etc. 203/ Barges, boilers, distilling plant 30 Drainage and irrigation plant, factory plant and machinery 32-1,/2 Storage tanks 32-1,12 1/ The definition incluides charges made by non-resident parent companies, associate companies and head offices in respect of administrative, technical, professional or other similar services of an essentially~r managerial nature. 2/ Defined as a company at least 75 percent of the gross income of which is derived from trading in goods not manufactured by it, and includes any body carrying on banking or insurance bus-ness, other than long-term insurance business. "Long-term insurance" inclades life insurance, non-cancellable sickness and accident insurance and bond investment business. 3J On cost. APPENIDI( II Page 4 Percentage A1llowed Timber Industry Ballahoos 33-1/3-/ Bulldozers 10 Logging equipment 20 Log hauling plant 33 1/31/ Agricultural machinery (tractors, ploughs, I/ harvestors, etc.) 20- Boats 10 Boilers 7 Buildings (for housing machinery) Brick, stone, concrete 21/ Wooden 3:1 Concrete Mi:xers 10 Generators 10 Lorries, motor cars 25 Office equipment (including steel furn ture) 10 Agricultural plant (dips, pans, spray purnps, irrigation nlant) 10 Brickmaking plant 10 BrewJery plan+. 10 Distillery plant 30 Biscuit-malcing plant 10 6. Valuation of Stocks. The legislation does not specify the method to be used for the va uation of stock in hand. The normal practice is to value stocks at cost or net realisable valie, h-ichever is the lower. How- ever, stock at the beginning and end of an accounting period must be valued on the same basis. 1/ On cost. APPENDIX II Page 5 7. Treatment of Losses. Losses can be carried forward for as many years as required to absorb them against future profits, subject to two restrictions: (a) Losses from a particular source of inc on}e can only be set-off against profits from that same source., (b) In any year, the set-off is only allowed to the extent that the tax payable for any year is not reduced by more than one-half. 8. Tax Rates. Companies are taxed partly through an income tax and partly through a corporation tax. The crucial difference between a company income tax and a corporation tax is that the shareholders receiving dividends can claim credit against their income tax liability for the former, but not the latter.-/ The tax rates are as follows: Income Tax Corporation Tax Commercial Companies 20% 35% Non-Commercial Companies 20% 25% Long-term Insurance Business 5% nil C. WIT11HOLDING TAX 9. Tax Base. A withholding tax is imposed on all "distributions" and "payments" made to non-,resident individuals and all companies, resident as well as non-resident.3/ 10. Definition of "Distribution". The definition includes any dividend paid by a company (inclu,iAng a capital dividend). Any remittance made or deemed to have been made4i/ by an office, branch or agency of a non-resident company is also treated as a distribution. 1/ The tax return specifies eleven different sources of income. A major implication is that losses suffered in agricultural activities cannot be set-off against profits in non-agricultural activities, and vice versa. 2/ Individuals must include dividends gross of income tax deducted at source in their return; income tax deducted by the company is then allowed as a set-off against the total tax liability. 3/ Dividends received by a resident company from another resident company are not subject to further income and corporation taxes in the hands of the recipient company. 4/ Profits are deemed to have been remitted, except tc the extent they have been reinvested in Guyana to the satisfaction of the Commissioner, other than in the replacement of fixed assets. APP ND IX II Page 6 11. Definition of "Payment". Parment is defined as a payment without any deductions whatsoever, other than a distribution, including interest, rentals, royalties, and management charges or charges for the provision of personal services and technical and managerial skills. 12. "Grossing-up" of Dividends and Set-Offs against Withholding Tax Liability. In the case of dividends, the liability to withholding tax is computed with reference to dividends actually distributed grossed-up by certain percentages. Set-offs amounting to certain percentages of the dividends actually distributed are then allowed against this liability. The withholding tax to be paid is arrived at by deducting set-y;fs from the withholding tax liability (before taking account of set-offs).J! The per- centages for grossing-up and set-offs, which depend on the nature of the company and the source of its income, are given below. Dividends distributed to non-resident Withholding tax Rates Amount of Set-off individuals and resident and non- Applied tc Dividends arrived at by ap- resident companies by a Actually Distributed plying to Dividends Grossed-up By Actually Distributed the following Per- centages Commercial company, from income received as a distribution from a 166.7% 66.7T resident company Commercial company, from income other than a distribution received 1114.5% 44-51 from a resident company Company (other than a commercial company), from incomne received as a 153.9I% 53lo distribution from a resident comnany Company (other than a commercial company), from income other than a 136.h4 3 .4 distribution from a resident company 13. Withholding Tax Rates. Withholding tax rates for distributions, which in the case of dividends are applied to the grossed-up amounts, vary according to the nature of the paying company and according to whether the recipient is an individual or a company. The tax rates applicable to distributions and pay- ments are as follows: 1/ Remittances made or deemed to have been made by an office, branch or agency of a non-resident company are not treated as dividends and conseq'uently do not qualify for any set-off against the withholding tax liability. The profits of such companies are not, however, "grossed-up" for the purposes of the withholding tax. APPENDIX II Page 7 Where Paying Company is Commercial Non- Long-term commercial Insurance Distributions to: Non-resident individuals: Dividend under G$10,000) 31% ) Dividend over G$10,000) Per share- 4o% ) Dividend under G$8,000) holder per 27% ) Dividend over G$8,000) year 35 ) Resident and non-resident companies 4o% 35% ) Payments to non-residents 251 25% 25% 14. A Simple Example to Illustrate the Operation of the Withholding ¶Idx. (a) Case of a resident commercial company (Company A) distributing all its net profits to a resident or a non-resident company (Company B). 100 Gross-of-tax profits of Company A -20 Income tax payable by Company A -35 Corporation tax payable by Company A 7 Net-of-tax profits of Company A available for distribution to Company B. 65.o25 45 grossed at 144.5% 26.010 Withholding tax liability (before set-off) at 40% on 65.o25 20.o25 Set-off (4W4.5% of 45) 5.985 Withholding tax payable after the set-off (26.010 minus 20.025) 39.015 Amount distributed to Company B after the deduction of withholding tax payable (45 minus 5.985) (i) Total income, corporation and withholding taxes oavable - 6o.985 (20 + 35 + 5.985) (ii) Withholding tax payable (5-985) as % of the distribution (45) - 13.3% (b) Case of a resident non-commercial company distributing all its net profits to a resident or a non-resident company. A similar exercise will show that: (i) Total income, corporation and withholding taxes payable - 51.237 (20 + 25 + 6.237) (ii) Withholding tax payable (6-237) as d of the distribution (55) - 11.3410 D. PROPERTY TAX 15. Definition of Property. The definition of property includes immovable and movable property situated in Guyana or elsewhere. APPENDIX II Page 8 16. Tax Base. Property tax is irmposed on net property, which is defined as the aggregate value of the property minus the aggregate value of the allow- able debts. In the case of an individual, debts in excess of 50 percent of the value of the property are not taken into account, whereas for companies the extent to which debts can be deducted is limited to 20 percent of the value of the property. These limitations do not apply to the deposit liabilities of banks and liabilities of insurance companies in respect of life assurance policies. 17. Exemptions. Specified individuals, corporations and institutions (including ecclesiastical and educational) are exempt from the scope of the tax. Any company granted a tax holiday under the Income Tax (In Aid of Industry) Ordinance is also exempt during the tax holiday period in respect of property employed in business income which is exerrpt from income tax. 18. Property excluded from Net Property. The following are excluded from the definition of net property of an individual: (a) right or interest in a life insurance policy before it becomes payable; (b) right to receive a pension or annuity: (c) tools and instrurterits (but not plant and machinery) necessary to carry on a profession or vocation, subject to a maxirrmumr of G$>g,00(!; (d) works of art and books, oubject to a maximum of G'.5,000; (e) household furniture and equipment, subject to a maximum of GL2, 0C0; (f) jewelry, subject to a maxiiurn of G$2,000; (g) the amount to an employeeTs credit in any provident flnd: (h) property donated tc the taxpayer subject to a life interest in the donor, as long as the life i.nterest subsis,ts: an(d (i) investment in prescribed Government securities.]- 19. Valuation of Property. 14here any property 'was acquired before January 1, 95S6, its value is taken to be its estimated piice in open rrarket as at January 1, 1956, together with the cost of improvements and additions rmade to it after that date. For property acqu-red ,r or after January 1, 1556, the value is defined as the cost of purchase and the cost of improvements and additicns made to it since the purchase. For those assets for which wear and tear allowances (but not initial allowrances) received since the acquisition of the property or January 1, 1956, whichever is the later. 1/ Prescribed securities are also excluded from net property of corranies. APPENDD( II Page 9 20. Set-off Provision. The legislation provides for set-off of property tax paid by a company against the tax payable by a shareholder where the stocks and shares of the comipany have been taxed and are included in the net property of the shareholder. 21. Liability to Tax. Residents possessing net property in excess of G$50,000, non-residents possessing net property in Guyana in excess of G$50,000, and all companies that are registered in or carry on business in Guyana are subject to the tax. 22. Tax Rates. Rate per centumn (a) For a person other than a compDany: on the first G$50,000 of net property Nil on the next G$150,000 of net property 1/2 on the next G$300,000 of net property 3/4 on the next G$500,000 of net property 1 on the remainder 1-1/2 (b) For a conpany: on all net property 1/2 E. CONSUTMPTION TAXES 23. Ad valorem rates (excluding petroleum and products). (a) 2% - Nails, paints and enamels (b) 2-1/2% - Fertilizers (c) 5% - Bleach, cosmetics, toothpaste and powider, toilet soap, detergents, reinforcement mesh for concrete, galvanized wire netting or mesh. (d) 6% - Barbed wire, stoves, furnaces. (e) 10% - Orange and grapefruit juices, polishes, waxes, polyurethane foam, imitation jewelry, stoves and electric ranges, furniture and fixtures, travel goods, handbags, clothing, gramophones and records, refrigerators and non-domestic refrigeration units, wax crayons and school chalk, mosquito coils. (f) 15% - Sugar and chocolate confectionery and products, louvered windows. 24. Specific rates (excluding petroleum and products). (a) 85 cents per 100 lb. - Wheat flour eligible for Association rate of duty or manufactured in Guyana. (b) 12 cents per 100 lb. - Cement. APPENDIX II Page 10 (c) $3.03 per lb. - Cigarettes (other than cigarettes made wholly from tobacco grown locally and sold at a retail price of not more than 14 cents per packet of 10). (d) $12.00 per proof gallon - Brandy, whiskey. (e) $6.18 per proof gallon - Rum, gin, vodka. 25. Petroleum and products. (a) 32 cents per gallon - Aviation spirit, motor spirit. (b) 6 cents per gallon - Power kerosene. (c) 8 cents per gallon - illuminating kerosene. (d) 70 cents per 100 gallons - Dieselene, gas oil, diesel oil. (e) 25 cents per 100 gallons - Fuel oils, lubricating oils. (f) 3 cents per lb. - Lubricating greases. (g) 20% - mlending agents, petroleum jelly, paraffin wax, lignite wax and mineral wax. (h) 10O - Road oil, petroleum (bituminous) and all other products n.e.s. APPENIDIX II Page 11 Table 1: INCOME TAX COLLECTIONS 1968-1972 (G$ millions) 1968 1969 1970 1971 1972 Company Taxesl/ 19.4 18.8 31.7 24.0 39.7 Mining companies 5.5 77 13.0 Sugar companies 2.9 2.3 6.5 3.4) n.a. Other companies 11.0 11.8 12.2 14.2) Personal Income Tax 14.6 15.4 18.3 18.9 20.1 Self-employed 1.3 77 22. Employees 13.3 13.2 15.8 16.7 17.8 Total 34.0 34.2 50.0 42.9 59.8 1/ Income, corporation and withholding taxes. Source: Ministry of Finance. APPENDIX II Pag-e 12 Table 2: EFFECTIVE RATES OF INCOME TAX, 1973 70 60 5N E____ 50 '04 30 0 0 2 ~~~~~~~~~~~~~~~~~~~~~MARRIED + 4 CHILDREN 1 .000 ~~~2,000 3,000 4,000 5,000 100020,000 30,000 40,000 50,000 Aggregate Income (G $) - LOG SCALE Assuming that all incomes are "earned incomes" World Bank-8039 Table 3: Classification of Estates Liable to Estate Duty for 1964, 1965 and 1966 1964 1965 1966 Exceeding Not Exceeding No. Percent No. Percent No. Percent Under G$ 500 173 18.e 154 16.5 219 20.5 500 2,500 340 37.0 386 41. 414 38.6 2,500 5,000 16L4 17.9 145 1565 166 15.5 5,000 10,000 110 12.0 129 13.8 125 11.6 10,000 25,0o0 86 9.3 71 7.7 90 8.4 25,0OC 50,000 30 3.3 35 3.8 33 3.1 50,000 75,COC 11 1.1 5 0.5 14 1.3 75,000 100,000 1 0.1 3 0.3 3 0.3 100,000 125,000 1 0.1 - - 2 0.2 125,000 150,000 1 0.1 2 0.2 3 0.3 150,000 175,000 2 0.2 1 0.1 1 0.1 175,000 200,000 1 0.1 - - - - m 0 2C0,'000 250,000 - - - 1 0.1 250,Coc 3003,000 - 2 0.2 - - 920 100 e33 100 1071 100 Source: Inland rZeverime Derartment APPENDEX II Page 14 Table 4: Net Property Tax, 1972 Number Chargeable Property Tax Assessed Property Assessed (G$ '000) (G$ '000) Cornpanies 388 607,996 3,0o0 Individuals 176 12,586 1o6 564 620,582 3,146 Source: Inland Revenue Department. Table 5: IMPORT, CONSUMPTION AND EXCISE TAXES ON SELECTED GOODS SUBJECT TO SPECIFIC TAXES Import Excise Duty Duty + Cons. Tax Price Import Excise Consumption +Cons, Tax as % of Price Quantity G$ Duty Duty Tax as % of (General) Price Gin Bottle of 40 fluid oz. 8.20 G$56.24 $14.40 $6.18 per Import 63% per liquid per liquid liquid gallon ban gallon gallon Vodka Bottle of 40 fluid oz. 8.00 G$64.80 $14.40 $6.18 per Import 64% per liquid per liquid liquid gallon ban gallon gallon Whisky Bottle of 40 fluid oz. 12.50 G$55.04 $23.00 $12.00 per 1347. 70% per liquid per liquid liquid gallon gallon gallon Brandy Bottle of 12 fluid oz. 4.50 G$51.60 $26.00 $12.00 per 106% 63% per liquid per liquid liquid gallon gallon gallon Beer Bottle of 10 fluid oz. 0.35 C$5.52 $1.90 Import 34% per liquid per liquid ban gallon gallon Rum Bottle of 26½ fluid oz. 5.00 G$58.85 $14.40 $6.18 per 68% per liquid per liquid liquid gallon gallon gallon Cigarettes 200, weighing 11 oz, 4.80 G$14.60 $3.03 2527, 43% per lb. - per lb. Gasoline gallon 0.79 37c. per 32c. per 47% 40% liquid gallon - liquid gallon Source: Mission Estimates based on Drice data supplied by i'2fliStr.'1 oGi ccfenoiC Jevelonrnent, Statisticf l Bureau. APPENDIX II Page 16 Table 6: CONSUMPTION TAX COLLECTED ON DOMESTIC PRODUCTICN (G$) G$ 1970 1971 1972 Garments 420,763 524,703 504,458 Furniture 155,624 257,332 298,274 Chalk and crayons 663 1,065 973 .Aheat flour 529,966 668,564 615,499 Waxes 2,015 6,315 9,916 Detergents 45,031 57,796 56,812 Soaps 225 85 126 Confectionery 49,773 62,260 70,455 Containers and cans 12,706 4,135 14,784 Mosquito coils 36,983 51,059 58,694 Toothpaste 27,226 28,549 36,812 Handbags, briefcases, etc. 17,002 18,186 20,974 Cosmetics 1,819 2,527 3,259 Paints 22,708 27)413 36,853 Polishes 184 92 197 Louvre windows - 8,276 3,911 Records 2,987 3,988 Tobacco 1,994,58( Total 1,322,695 1,721,351 3,730,574 1/ bxxcludir±g spiriis which becai,it -ujct bo tne tax i!l October, 1 -72. Source: Customs and Exuwse Department. APPENDIX II Page 17 1/ Table 7: CONSUMPTION TAX COLLECTIONS ON IMPORTS-, 1971 (G $) Orange and grapefruit juices 36,095 Sugar confectionery and other preparations 33,068 Chocolate and products (incl. confectionery) 31,106 Bleach 11,542 Paints and enamels 17,4)46 Tooth paste and powder 2,950 Toilet soap 680 Detergents 10,389 Polishes (leather and floor) 20,950 WJaxes 1,36) Fertilizers 31 ,822 Cement 198,231 Imitation jewelry 5,324 Louvred windows 507 Reinforcement mesh for concrete, barbed wire, galvanized wire netting or mesh 2,691 Nails 544 Stoves, electric ranges, furnaces and parts 10,833 Refrigerating units (non-domestic) 1,613 Domestic refrigerators 30,649 Farniture and fixtures 18,817 Travel goods 7,350 Handbags 9,028 Clothing 5)4333 Gramophones and records 15,760 Manufactured articles, n.e.s. 10,826 563,91 8 1/ Excluding petroleum and petroleum products. Source: Ministry of Trade. APPENDIX II Page lb Table 8: CONSUMPTION TAXES ON DCMOSTIC OUTPUT AND IMPORTS, A0D TOTAL INDIRECT TAXATIOIT ON IMPORTS, 1 970-1972 (G$ millions) 1970 1971 1972 Consumption tax: domestic output 1 .3 1 .7 3.7 imports 4.0 4.9 6.5 petroleum (4.3) other (0.6) Total consumption tax 5.3 6.6 10.2 Import duty and defence levy 40.3 38.6 36.6 Consumption tax on imports 4.0 4.9 6.5 Total indirect taxes on imports 44.3 43.5 43.1 Source: Mission estimates based on various tables in the text and the Appendix. ESTD4ATED REVENUE LOSS FROM THE INTRODUCTIOTJ OF COM1MON EXTERNAL TARIFF (G$ millions) Food 1.50 Beverages and tobacco n.d. Crude materials 0.05 I; neral fuels 0.02 Oils and fats 0.02 Chemicals 0.20 Manufactured goods 4.15 Total loss 5.94 1/ Estimated very roughly on the basis of 1 971 imoorts. 3ource: Ministry of Trade. APPENDIX II Page 14 Table 9: INCOME ELASTICITIES OF DEWMD BY BROAD EXPENDITURE CATEGORIES log X = a + b log Y where Y is household income Income Standard t-ratio R (adjusted) Expenditure Category Elasticity Error x t Food 0.6984 0.0413 16.9169 0.9694 Alcohol^ beverages, tobacco 1.2224 0.1135 10.7666 0.9274 Housing- 0.8442 0.0456 18.4986 0.9743 Fuel and light 2/ 0.6764 0.0453 14.9135 0.9609 Household services- 2.2844 0.1648 13.8640 0.9550 Clothing, footwear, headgear, bedding 3 1.0830 0.1233 8.7838 0.8943 Miscellaneous expenditure- 0.8147 0.0507 16.0559 0.9661 Personal and medical care4! 0.9679 0.1072 9.0261 0.8994 Education and reading_/ 1.48RL 0.2161 6.8858 0.8376 Recreation and amusement_/ 1.6600 0.1772 9.4826 0.9081 Transport and communicationS7/ 1.4753 0.1235 11.9436 0.9403 Subscription, taxes, oth% expenses°/ 1.4598 0.0976 14.9517 0.9611 1/ Includes rent of dwellings and land, rent for lodging in a hotel, water charges, minor repairs and maintenance. 2/ Includes wages paid to domestic workers, housemaid and watchman. 3/ Includes expenditure for tailoring and dressmaking, laundry and dry cleaniing, washing soap, bleach and floor polish. 4/ Includes expenditure on toilet articles such as soap, toothpaste, powder, razor blades, perfumes, haircuts. Medical care includes health serv-Lce contributions. 5/ Includes school fees, purchases of books, stationery, newspapers, periodicals and library charges. 6/ Includes admission charges to places of amusement, purchases of adiLos, radio- grams, records, cameras, sports goods, musical instruments and pets. 7/ Includes telephone and telegraph charges. 7/ Subscriptions cover donations to churches and charitable organizations, sub- scriptions to trade unions and societies; taxes include income tax and road and municipal taxes; other expenses include interest payments on loans, legal expenses and remittances to dependants. Source: Mission Estimates based on Consumer Expenditure Survey, 1969-1970, ¢(01inistry of Economic Developraent, Statistical Bureau) APPENDIX II Table 10: EXCISE DUTIES Page 20 1. Ruhm or other spirits $14.40 per proof gallon 2. Spirituous liquors, including: Gin $14.40 per proof gallon Vodka $14.40 per prooL gallon Whiskey $23.00 per proof gallon Brandy $26.00 per proof gallon 3. Liqueurs Creme de Menthe $14I60 per proof gallon Cherry Brandy $35.50 per proof gallon Creme de Cacao $33.YO per proof gallon 4. Methylated spirits 5 cents per liquid gallon 5. "Sweets" 50 cents per liquid gallon 6. Bay rum, lime rum or other toilet preparations (incl. limacol, vitrex) $3.00 per liquid gallon 7. Perfumed spirits $6.00 per liquid gallon 8. Spirituous medicinal compounds (for use as medicines or in compounding medicines, including tinctures) $1.20 per liquid gallon 9. Spirituous medicinal compounds (medicines, including Ferrol and Livogen) $3.90 per proof gallon 10. All other compounds $14.40 per proof gallon 11. Matches 50 certs per gross boxes each not more tlhan 60 matches 12. Malt liquor (e.g. beer, stout) $1.90 per liquid gallon APPENDIX II Page 21 Table 11: EXCISE DUTY COLLECTIONS BY COMMODITY, 1968-1972 (G$ '000) Revised Estimates 1968 1969 1970 1971 1972 Rum 7,671 8,831 9,066 9,233 9,400 Gin ) 362 470 725 700 Vodka ) 839 123 133 119 80 Whiskey ) 311 260 293 320 Other spiritcuas compounds ) 116 116 164 190 Matches 82 94 87 46 80 Methylated spirits 2 2 5 13 2 Beer 2,140 2,371 2,596 2,372 3,500 Total 10,735 12,210 12,733 12,965 14,270 * Actual receipts amounted to G $13.2 million. Source: Ministry of Economic Development, Statistical Bureau.. APPENDIX II Page 22 Table 12: IMPORT DUTIES ON SELECTED COMMODITIES Preferential General Tariff Tariff Foodstuffs Meat, fresh, chilled or frozen 20% 40% Meat, dried, salted, smoked or canned 10% 15% Milk and cream, evaporated or condensed 214 or 5%/1 5% or 15% a Butter 10% 15% Margarine 20% 30% Cheese 15% 25% Eggs 20% 40% Fish, canned and fish preparations/2 20% 40% Wheat, rice, barley, maize (unmilled) 10% 15% Wheat flour 85c. per 100 lb. $1.09 per 100 lb. Macaroni, spaghetti 10% 15% Biscuits 30% 50% Cereal preparations 20%, 0% Fruit, fresh 25% 45% Jams, marmalades 70% 90% Tomato puree 20% 30% Fruit juices 70% 90% Vegetables, fresh 15%tv 25% Fruit and vegetables, preserved and preparations 70A, 90% Coffee, roasted, ground, etc. 25e 45% Tea 25%, 45% Sugar confectionery 60% or 7c. per lb. 80% or 17c. per lb. Chocolate confectionery 50% or 7c. per lb. 70% or 17c. per lb. Alcoholic Beverages and Tobacco Sparkling wine $16.76 per liquid gallon $18.00 per liquid gallon Other wine $12.50 per liquid gallon $13.50 per liqui.d gallon Steer, stout $ 5.12 per liquid g-llon $ 5.52 per liquid gallon Brandy/3 $50.00 per liquid gallon $51.60 per liquid gallon Rum/3 $51.60 per liquid gallon $58.85 per liauid gallon Whiskey/3 $52.80 per liquid gallon $55.0u per liquid gallon Gin/3 $54.00 per liquid gallon $56.24 per liquid gallon Cigarettes $12.10 or $13.00 per lb./4 $14.60 per lb. Petroleum and Products Gasoline 32c. per gallon 37c. per gallon Diesel oil 70c. per 100 gallons 11.20 per 1C0 gallons APPENDDC II Page 23 Preferential General Tariff Tariff Textiles, Clothin Fabrics 5 15% 25% Stockings; underwear, nightwear(knitted) 25% 45% Shirts, suits, coats, trousers, nonknitted underwear and nightwear 50% 70% Durable Consumer Goods Domestic refrigerators 25-50%6 45-70%/6 Gramophones, records, radios 25% 45% Radiograms 50% 70% Watches 40% 6C% Cameras 40% 60% Motorcars, engine capacity of 1800 cc. or more 80% 100% Motorcars, engine capacity of less than 1800 cc. 55% 75% Bicycles 20% 40% Furniture 50% 70% Carpets 40% 60% Jewelry 50% 70% Stoves and electric ranges 25% 45% Household utensils, glassware 20% 40% Other Medicinal and pharmaceutical products 20% 40/ Paints, enamels, waxes, and polishes 20% 40% Bay rum, lime rum, etc. $11.20 per liquid gallon $22.40 per liquid gallon Perfumes and cosmetics 60% 80% Soaps 20% 40 Footwear . 10% 15% Travel goods, handbags, etc. 40% 60% Fertilizers 23 5% Cement 12c. per 100 lb. 38c. per 100 lb. Ma chineryLa 3% 8% /1 Depending on whether it is sweetened or unsweetened and butterfat content. & Excluding sardines. £{ Not exceeding 85% proof spirit. lh Depending on the origin of tobacco. Excluding cotton fabrics, grey (unbleached) and white (bleached). Depending on cubic capacity. 7 Most items of machinery (e.g. poorer generating machinery; agricultural machinery and implements; mining, construction, other industrial machinery, etc.) APPENDIX II Page 24 Table 13: Import Duties Collected on Selected Commodities 1965, 1968 and 1971 (G s) 1965 1968 1971 Food Meat and products 162,978 256,450 184,393 Dairy products 472,590 740,036 664,668 Fish and products 102,518 187,063 223,862 Cereals and preparations 780,227 867,206 68,854 Biscuits 41,298 106,002 103,183 Fruit, vegetables and preparations 1,070,506 1,602,027 1,390,446 Orange juice 99,383 242,800 88,636 Sugar confectionery 61,112 140,625 84,122 Coffee and extracts 116,393 48,152 - Flavouring essences 19,365 121,344 105,152 Beverage and tobacco Wine 77,099 110,135 18,512 Beer 368,772 278,384 249,303 Stout 240,821 307,267 265,256 Whiskey 388,882 248,917 387,637 Brandy 65,746 82,890 40,760 Tobacco 4,643,917 4,267,758 5,521,584 Crude materials Crude materials 169,312 184,699 188,039 Mineral fuels Gasoline 1,885,132 2,079,492 679,487 Chemicals Inorganic chemicals 96,499 102,122 79,862 Paints, enamels, lacquers, varnishes 119,070 153,135 118,962 Medicinal and pharmaceutical products 466,966 581,158 668,512 Perfumery 70,081 11.6.342 99,153 Cosmetics 377,647 569,608 279,831 Soap 167,043 158,965 80,968 Fertilizers 78,763 89,643 85,115 Insecticides 15,550 35,089 51,902 Manufactured goods classified by material Tires and tubes 401,122 664,929 738,521 Paper bags and other paper and cardboard containers 83,312 115,385 129,367 Textile fabrics 27,5L5 81,187 85,911 Cement 104,12 49,2941 11,575 Building materials 87,023 175,732 128,917 Glass bottles 37,470 31,312 71,797 Jewelry 23,149 51,169 62,213 Metal containers 13,291 36,&?9 42,634 Stoves 171,561 195,3 251,339 APPENDIX II Page 25 Machinery and transport equipment Motor vehicles 2,148,201 2,532,102 3,042,242 Miscellaneous manufactured articles Sanitary, plumbing, heating ana lighting fixtures 151,674 248,083 263,h20 Furniture and fixtures 276,012 263,232 261,613 Clothing 774,505 909,927 593,117 Footwear 187,625 391,391 532,298 Photographic and cinematographio supplies 49,770 80,929 118,584 Watches and clocks 130,592 171,593 186,569 Records 38,002 52,151 37,988 Musical instruments h5,497 89,822 139,532 Refrigerators 243,46h 279,363 301,193 TOTAL OF INCLUDED CMMCDITIES 17,151,903 20,077,184 18,456,247 Source: Ministry of Economic Developrment, Statistical Bureau Table 14: EXPORT DIJTIES Itemr Tnit Rate 1. Precious stones other than cut and polished precious stones per carat $3.00 2. Bauxite, calcined per ton .45 3. Bauxite, other per ton .45 4. Unrefined cane sugar per ton 1.00 5. Greenheart, round piling and hewn per cu. ft. .08 6. Greenheart, sawn per 100 13.ft. 1.20 7. Aquarium fish f.o.b. value 5% 8. Shrimp per lb. .12 9. Molasses per 100 L.gin. .45 10. Manufactured articles, n.e.l/ free 11. All other articles, n.e.s.2/ 1-1/2% 1/ Shark fins, live animals, scrap metals, stuffed alligators and fish glue 2/ Rice (export license or export permit), cow hair, hides (export license), dressed greenheart as builders' woodwork Source: Customs and Excise Department NR) O'X