The manufacturing sector in Guyana plays a significant role in the country's economy, contributing 5.1% to non-oil GDP and employing about 12% of the population. The sector is projected to grow by 14.5% in 2024, driven by the production of sugar, rice, and other goods, as well as expansions in industries such as cement, chemicals, and fabricated metal products. Guyana's strategic geographic location, abundant natural resources, and competitive labour market make it an attractive hub for manufacturing. The country offers easy access to Caribbean, South American, and North American markets, with 75% of exports enjoying duty-free access.

Guyana's manufacturing sector is also on the brink of a significant leap in global competitiveness, driven by transformative initiatives such as the Gas to Energy Project. This pivotal project is expected to substantially lower energy costs, thereby enhancing the efficiency and cost-effectiveness of manufacturing operations. 

Investment Opportunities and Incentives

Guyana offers a broad range of investment opportunities in manufacturing, including agro-processing, value-added forest products, pharmaceuticals, construction materials, chemical production, and packaging. Additionally, opportunities exist in industries such as metal fabrication, garment production, and the manufacturing of eco-friendly prefabricated houses. Investors can also benefit from Guyana's abundant natural resources like timber and minerals, which provide low-cost inputs for various industries.

To support investment, the government offers numerous incentives, such as duty-free access to raw materials, machinery, and packaging equipment. VAT exemptions are available for registered manufacturers, and there are tax breaks for businesses that export over 50% of their products. Additional incentives include zero VAT on building materials, electricity, and water, as well as support for small businesses through grants, reduced tax rates, and training opportunities​.