eCommerce market in Guyana

Guyana is one of the smaller markets for eCommerce with a predicted revenue of US$87.6 million by 2023. Revenue is expected to show a compound annual growth rate (CAGR 2023-2027) of 13.1%, resulting in a projected market volume of US$143.6 million by 2027. With an expected increase of 25.0% in 2023, the Guyanese eCommerce market contributed to the worldwide growth rate of 17.0% in 2023. Like in Guyana, global eCommerce sales are expected to increase over the next years. Five markets are considered by ecommerceDB within the Guyanese eCommerce market. Food & Personal Care is the largest market and accounts for 34.0% of the Guyanese eCommerce revenue. It is followed by Electronics & Media with 21.6%, Fashion with 21.0%, Furniture & Appliances with 13.2%, and Toys, Hobby & DIY with the remaining 10.3%.