Construction boom drives strong services growth across Guyana’s economy
Guyana’s construction industry emerged as one of the strongest drivers of economic activity in the first half of 2025, expanding by nearly 30 per cent as large-scale infrastructure works and private development gathered pace.
According to the Bank of Guyana, the construction sector grew by 29.9 per cent at end-June, reflecting accelerated public investment in transformative infrastructure programmes alongside increased private sector activity in commercial ventures and housing development.
The momentum in construction fed into broader economic performance, particularly across the services sector, which recorded overall growth of 6.6 per cent. Importantly, the growth in activity taking place across the economy caused every other services subsector to expand.
Professional, scientific and technical services led services growth, expanding by 41.6 per cent, driven by continued infrastructure development and the demand for specialised support services within the oil and gas sector. Information and communication services grew by 12.3 per cent, while the education sector expanded by 9.7 per cent.
Wholesale and retail trade, including repairs, increased by 8.6 per cent, as ongoing infrastructure development continued to support higher levels of consumer spending. Financial and insurance activities grew by 6.6 per cent, reflecting higher levels of loans and advances and the renewal of licences during the first half of the year.
Other service activities rose by 6.4 per cent, while administrative and support services expanded by 6.0 per cent, supported by continued growth within the petroleum sector. Transport and storage grew by 5.9 per cent, driven by increased passenger transport and freight movement.
More moderate but steady gains were also recorded in accommodation and food services, which grew by 4.4 per cent, and in arts, entertainment and recreation, which expanded by 4.0 per cent.
Meanwhile, electricity supply continued to strengthen, growing by 4.4 per cent. Electricity generation increased to 691,226.5 megawatt hours, up from 652,390.9 megawatt hours one year earlier, reflecting rising demand linked to economic expansion.
