Suriname
Suriname’s economy is projected to grow faster than Guyana’s in 2028, according to the World Bank’s October 2026 Latin America and the Caribbean Economic Update.
The bank forecasts real gross domestic product (GDP) growth of 21.5% for Suriname that year, compared with 15.3% for Guyana. The projected shift coincides with the planned start of production at Suriname’s GranMorgu offshore oil development.
The higher 2028 growth rate does not mean Suriname’s economy is overtaking Guyana’s. Guyana entered 2026 with an economy about six times larger in nominal US-dollar terms, after nearly seven years of oil production and several years of rapid growth, meaning its projected expansion is occurring from a much larger economic base.
Guyana remains ahead in the near term. Its economy is estimated to expand by 23.7% in 2026 and 18.7% in 2027. Suriname’s corresponding growth rates are 3.9% and 4.6%. The report’s data cutoff was September 23, 2026.
The World Bank describes Guyana’s expansion as driven by the scaling up of offshore oil production. It also points to Suriname’s accelerating investments tied to offshore discoveries.
GranMorgu is scheduled to begin producing oil in 2028. The project includes a floating production, storage and offloading vessel with a capacity of 220,000 barrels per day (b/d). TotalEnergies announced the final investment decision in October 2024.
