On the basis of the sectoral growth projection it is expected that there will be little
improvement in the unemployment situation in the future. The ratio of unemployment to
total labour force is expected to go down to 13 % in 1975 from 18 % in 1960. There was
no change in the unemployment position between 1956 and 1960.

 The structure of the economy will not be appreciably changed either as may be seen
from the percentage distribution of the GDP at factor cost by industrial origin (Table
2. 5. viii). Except for livestock, forestry and fishing, mining, chemicals, engineering,
other manufacturing, fuel and power, banking and insurance, the percentage contributions
of the other sectors have either remained stationary over the years or declined to some
extent. However, the absolute amounts of GDP from chemicals, engineering, fuel and power,
and even other manufacturing, are so small that the economy will still remain predominantly
agricultural, or, if we bring in forestry and mining, will be based on primary industries only.

 Estimates given in Table 6b of expenditure, GDP, GNP, and national income, and per
 capital figures for each based on the low rate of population increase (which seems to be
 more acceptable than the high rate), show that after 1965 the economy of British Guiana
 will lapse again to a stagnant period. Unless there are more investments in the economy
 than are envisaged in our projection, the growth in national income will be barely suffi-
 cient to maintain the per capital income level reached in 1965. This is mainly because of
 the high rate of population growth, an exponential rate of 2.849 % annually, and also our
 conservative estimate of future growth of the economy. Even if the exports will be higher
 than imports from 1965 onwards, it is rather difficult to anticipate considerably higher invest-
 ments in the economy either by the government because of high public debt charges, or by the
 private entrepreneurs with their faith in British Guiana shaken by political strife and turmoil.
 Table 2. 5. ix

 British Guiana: Ratios of "final demand" domestic outputs to
 "growth" domestic outputs, 1960 and projections

 Sector 1960 1965 1970 1975
 Percent

 Agriculture 102.22 106.88 108.81 112.39
 Livestock, forestry, and fishing 141.61 126.96 117.18 102.78
 Mining 90.09 91.25 92.56 93.90
 Food processing 121.51 124.01 126.82 130.40
 Chemicals 222.91 188.89 179.98 175.17
 Engineering 1200.39 1317.24 946.56 785.27
 Other manufacturing 199.16 179.72 129.49 106.16
 Fuel and power 288.41 157.23 123.12 95.80
 Distribution 95.68 97.97 95.11 93.21
 Transport and communications 98.87 99.62 97.20 95.60
 Banking and insurance 111.97 99.16 85.37 74.80
 Professions and personal services 107.00 97.36 89.96 86.48
 Building and construction 102.15 102.73 103.29 103.98
 Rent of dwellings 107.50 100.38 91.76 97.56

 Total 116.95 115.97 112.90 110.46