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Economy of Azerbaijan vs Guyana compared: GDP & Debt

Updated on by Georank team

Azerbaijan has a GDP of $74.3B compared to $24.7B for Guyana, ranking 84/197 and 120/197 by economy size, respectively.

Azerbaijan has $16.1B in government debt (21.7% of GDP), compared to $5.99B (24.3% of GDP) in Guyana.

Azerbaijan vs Guyana GDP by year

Azerbaijan
Guyana
1x
Year GDP, current $
Azerbaijan Guyana
2024 $74,315,882,353 $24,662,709,832
2023 $72,428,470,588 $16,918,503,597
2022 $78,807,470,588 $14,718,388,489
2021 $54,825,411,765 $8,041,362,110
2020 $42,693,000,000 $5,471,256,595
2019 $48,174,235,294 $5,173,760,192
2018 $47,112,470,052 $4,787,636,998
2017 $40,866,627,352 $4,748,174,334
2016 $37,866,996,883 $4,482,697,337
2015 $53,076,235,355 $4,279,840,194
2014 $75,239,785,452 $4,127,660,152
2013 $74,160,560,124 $4,167,800,929
2012 $69,679,944,504 $4,063,088,536
2011 $65,952,796,428 $3,691,384,318
2010 $52,909,294,792 $3,432,912,517
2009 $44,292,427,185 $3,165,663,153
2008 $48,851,293,785 $3,025,187,433
2007 $33,049,419,431 $2,730,971,595
2006 $20,981,929,498 $2,379,817,991
2005 $13,245,421,881 $824,880,550
2004 $8,680,405,741 $787,814,379
2003 $7,276,413,079 $743,063,950
2002 $6,236,087,738 $726,131,435
2001 $5,707,616,204 $712,167,450
2000 $5,272,615,723 $712,667,897
1999 $4,581,248,567 $694,754,988
1998 $4,446,368,571 $717,530,683
1997 $3,962,362,387 $749,138,010
1996 $3,176,507,376 $705,406,001
1995 $2,417,331,193 $621,626,786
1994 $1,193,141,110 $540,874,934
1993 $1,570,392,598 $454,101,382
1992 $444,658,672 $373,573,141
1991 $5,344,000,000 $348,533,095
1990 $8,884,848,485 $396,582,263
1989 - $379,779,390
1988 - $413,799,990
1987 - $354,591,847
1986 - $504,651,140
1985 - $453,488,372
1984 - $437,631,605
1983 - $489,333,333
1982 - $482,000,000
1981 - $570,357,107
1980 - $603,200,000
1979 - $530,440,000
1978 - $507,080,000
1977 - $449,880,000
1976 - $454,440,000
1975 - $494,791,667
1974 - $433,954,545
1973 - $307,047,619
1972 - $285,380,952
1971 - $282,050,000
1970 - $267,800,000
1969 - $249,300,000
1968 - $229,750,000
1967 - $250,176,471
1966 - $228,705,882
1965 - $213,235,294
1964 - $194,774,513
1963 - $175,757,894
1962 - $194,949,513
1961 - $185,849,535
1960 - $170,216,241

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/azerbaijan/guyana | CC BY

GDP per capita in Azerbaijan vs Guyana by year

Azerbaijan
GDP per capita

GDP per capita, PPP
Guyana
GDP per capita

GDP per capita, PPP
1x
Year Current $
Azerbaijan Guyana
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,284 $25,089 $29,675 $80,155
2023 $7,133 $23,652 $20,474 $54,729
2022 $7,771 $22,552 $17,913 $39,711
2021 $5,408 $20,111 $9,861 $22,866
2020 $4,230 $15,164 $6,776 $16,819
2019 $4,806 $16,675 $6,406 $13,241
2018 $4,740 $15,283 $6,048 $12,443
2017 $4,147 $14,316 $6,179 $12,243
2016 $3,881 $14,536 $5,871 $11,516
2015 $5,501 $15,075 $5,640 $11,408
2014 $7,891 $17,564 $5,473 $11,145
2013 $7,875 $17,268 $5,557 $11,200
2012 $7,496 $15,994 $5,444 $10,627
2011 $7,190 $14,805 $4,947 $10,066
2010 $5,844 $14,930 $4,582 $9,337
2009 $4,950 $14,246 $4,209 $8,824
2008 $5,574 $13,217 $4,009 $8,437
2007 $3,851 $11,974 $3,608 $8,110
2006 $2,473 $9,398 $3,136 $7,346
2005 $1,578 $6,855 $1,084 $6,761
2004 $1,045 $5,248 $1,033 $6,673
2003 $884 $4,718 $974 $6,392
2002 $763 $4,230 $951 $6,304
2001 $704 $3,835 $932 $6,131
2000 $655 $3,439 $932 $5,860
1999 $574 $3,052 $909 $5,812
1998 $562 $2,827 $940 $5,573
1997 $506 $2,565 $983 $5,615
1996 $409 $2,407 $928 $5,210
1995 $315 $2,357 $820 $4,753
1994 $157.1 $2,648 $716 $4,447
1993 $209.5 $3,272 $603 $4,027
1992 $60.2 $4,220 $498 $3,651
1991 $735 $5,412 $466 $3,322
1990 $1,238 $5,343 $529 $3,022
1989 - - $503 -
1988 - - $545 -
1987 - - $464 -
1986 - - $657 -
1985 - - $588 -
1984 - - $565 -
1983 - - $631 -
1982 - - $621 -
1981 - - $735 -
1980 - - $779 -
1979 - - $689 -
1978 - - $663 -
1977 - - $593 -
1976 - - $604 -
1975 - - $664 -
1974 - - $588 -
1973 - - $421 -
1972 - - $395 -
1971 - - $396 -
1970 - - $381 -
1969 - - $361 -
1968 - - $340 -
1967 - - $378 -
1966 - - $353 -
1965 - - $336 -
1964 - - $313 -
1963 - - $288.8 -
1962 - - $327 -
1961 - - $319 -
1960 - - $299.1 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/azerbaijan/guyana | CC BY

Azerbaijan's GDP per capita is $7,284, ranking 101/197, compared to $29,675 in Guyana, ranking 41/197. Adjusted for purchasing power (GDP per capita PPP), Azerbaijan ranks 82nd at $25,089, while Guyana ranks 15th at $80,155.

Economic indicators

Azerbaijan Guyana
Gross domestic product
$74.3B
2024
$24.7B
2024
GDP rank
84/197
2024
120/197
2024
GDP growth
4.07%
2023-2024
43.8%
2023-2024
GDP per capita
$7,284
2024
$29,675
2024
GDP per capita rank
101/197
2024
41/197
2024
GDP per capita, PPP
$25,089
2024
$80,155
2024
GDP per capita PPP rank
82/197
2024
15/197
2024
Government debt
$16.1B
2024
$5.99B
2024
Debt-to-GDP ratio
21.7%
2024
24.3%
2024
Government debt per person
$1,579
2024
$7,213
2024
Government debt per person rank
128/185
2024
66/185
2024
Average annual personal income after taxes
$6,324
2026
$13,212
2026
Market capitalization of domestic companies
$1.64B
2024
n/a
Income share by richest 10%
24.2%
2005
34.4%
1998
Income share by poorest 10%
4.8%
2005
1.1%
1998
Government expenditure, % of GDP
33.9%
2024
23.2%
2024
Consumer prices inflation
2.21%
2023-2024
2.5%
2023-2024
Central bank interest rate
7%
2025
n/a
Unemployment rate
5.65%
2022
13.2%
2019
Population
10338778
842249

Spending and national debt comparison by year

Azerbaijan
Spending

Debt
Guyana
Spending

Debt
1x
Year % of GDP
Azerbaijan Guyana
Government spending Government debt Government spending Government debt
2024 33.9% 21.7% 23.2% 24.3%
2023 32.7% 21.8% 23.7% 26.7%
2022 26.2% 17.3% 20.3% 24.8%
2021 32.2% 26.3% 24.8% 45.7%
2020 40.2% 21.3% 30.5% 59.5%
2019 32.5% 17.7% 28.1% 54%
2018 33.2% 18.7% 27.6% 47.9%
2017 35.6% 22.5% 26.3% 46.1%
2016 35.4% 20.6% 25.2% 44%
2015 38.7% 18% 21.7% 42.2%
2014 36.4% 8.53% 23.1% 38.7%
2013 37.8% 6.18% 21.4% 41.4%
2012 36.6% 5.83% 21.8% 44.7%
2011 33.7% 4.97% 23.5% 51.7%
2010 32% 4.98% 23.9% 53.1%
2009 34.5% 4.73% 25.4% 52.3%
2008 31.4% 3.22% 24.1% 48.2%
2007 26.1% 4% 25.5% 47.7%
2006 25.3% 5.3% 29% 74.5%
2005 22.5% 6.85% 28.4% 90.7%
2004 24.2% 9.71% 23.7% 91.8%
2003 21.7% 10.7% 23.5% 95.6%
2002 23.1% 11.9% 23.1% 105.1%
2001 16.8% 13% 24% 104.6%
2000 18.2% 13.1% 22.9% 97.2%
1999 19.5% 25.4% 17.6% 97.1%
1998 18.7% 14.3% 19.7% 108%
1997 18.5% 11.4% 20.9% 101.3%
1996 19.8% 16.7% - -
1995 18.9% 19.2% - -
1994 14.7% 11.7% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1994–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1994, retrieved 2026-02-20).

GeoRank.org/economy/azerbaijan/guyana | CC BY

In 2024, Azerbaijan's government spending was $25.2B, accounting for 33.9% of its GDP, while Guyana spent $5.72B, or 23.2% of GDP.

Debt-to-GDP ratio is 21.7% in Azerbaijan and 24.3% in Guyana, ranking 174/185 and 168/185, respectively.

Government deficit by year

Deficit/surplus
Azerbaijan

Guyana
1x
Year Deficit/surplus, % of GDP
Azerbaijan Guyana
2024 4.06% -7.31%
2023 7.92% -5.78%
2022 5.96% -5.11%
2021 4.21% -6.94%
2020 -6.44% -7.78%
2019 8.95% -2.52%
2018 5.43% -2.52%
2017 -1.34% -3.14%
2016 -1.17% -3.21%
2015 -4.83% -0.75%
2014 2.74% -3.88%
2013 1.64% -2.16%
2012 3.71% -3.11%
2011 10.9% -2.13%
2010 13.8% -1.88%
2009 5.86% -2.5%
2008 17.2% -2.78%
2007 2.34% -3.35%
2006 0.66% -6.16%
2005 2.74% -6.54%
2004 1.78% -2.88%
2003 1.6% -4.81%
2002 19.4% -2.42%
2001 21.8% -3.71%
2000 0.14% -2.27%
1999 -1.03% -0.47%
1998 1.63% -2.67%
1997 -0.94% -1.7%
1996 -2.25% -
1995 -1.34% -
1994 3.21% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1994–2024, retrieved 2026-02-20).

GeoRank.org/economy/azerbaijan/guyana | CC BY

In 2024, Azerbaijan's government surplus, the difference between spending and revenue, was $3.01B, equivalent to 4.06% of GDP. This compares to Guyana's deficit of $1.8B, or 7.31% of GDP.

Over the past 28 years, Azerbaijan recorded a fiscal deficit in 6 of those years, while Guyana ran a deficit in 28 years. On average, Azerbaijan posted an annual surplus equal to 4.6% of GDP, compared to deficit of 3.59% of GDP for Guyana.

Inflation comparison by year

Inflation
Azerbaijan

Guyana
1x
Year Consumer prices inflation
Azerbaijan Guyana
2024 2.21% 2.5%
2023 8.79% 4.5%
2022 13.9% 6.5%
2021 6.65% 3.3%
2020 2.76% 1.2%
2019 2.61% 2.1%
2018 2.27% 1.3%
2017 12.9% 1.9%
2016 12.4% 0.8%
2015 4.03% -0.9%
2014 1.37% 0.7%
2013 2.42% 1.9%
2012 1.07% 2.4%
2011 7.86% 4.4%
2010 5.73% 4.3%
2009 1.46% 3%
2008 20.8% 8.1%
2007 16.7% 12.2%
2006 8.33% 6.7%
2005 9.68% 6.9%
2004 6.71% 4.7%
2003 2.23% 6%
2002 2.77% 5.4%
2001 1.55% 2.6%
2000 1.81% 6.1%
1999 -8.53% 7.5%
1998 -0.77% 4.6%
1997 3.67% 3.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/azerbaijan/guyana | CC BY

Over the past 28 years, Azerbaijan has recorded an average annual inflation rate of 5.48%, compared with 4.08% in Guyana. In 2024, inflation was 2.21% in Azerbaijan and 2.5% in Guyana.

Top exports between countries

Azerbaijan
Export category Export value
Machinery & equipment $9K
Chemicals & pharma $3K
Metals $3K
Textiles & consumer goods $1K
Guyana
Export category Export value
Machinery & equipment $224K
Chemicals & pharma $87K
Textiles & consumer goods $9K
Raw materials & minerals $3K

Balance of trade

Azerbaijan Guyana
Current account balance
$4.67B
2024
$2.35B
2023
Current account balance ranking
34/190
2024
43/190
2023
Current account balance, % of GDP
+6.29%
2024
+13.9%
2023
Goods imports
$17.2B
2024
$6B
2023
Goods exports
$26B
2024
$13.2B
2023
Service imports
$10.2B
2024
$4.95B
2023
Service exports
$8.12B
2024
$529M
2023
Imports of goods and services, % of GDP
36.8%
2024
109.7%
2005
Exports of goods and services, % of GDP
45.9%
2024
84.6%
2005

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Azerbaijan Guyana
Economic freedom 64.3 58.7
Economic freedom ranking 74/197 109/197
Property rights 53.3 46.7
Government integrity 23.6 38.8
Judicial effectiveness 16.5 48.6
Tax burden 87.9 76.4
Government spending 71.3 85
Fiscal health 99.1 39.9
Business freedom 71.2 70.9
Labor freedom 56.9 76
Monetary freedom 76 78.5
Trade freedom 75.8 59.2
Investment freedom 70 55
Financial freedom 70 30

Economic freedom comparison by year

Azerbaijan
Guyana
1x
Year Economic freedom index
Azerbaijan Guyana
2026 64.3 58.7
2025 62.5 58.2
2024 61.6 57.3
2023 61.4 56.9
2022 61.6 59.5
2021 70.1 57.4
2020 69.3 56.2
2019 65.4 56.8
2018 64.3 58.7
2017 63.6 58.5
2016 60.2 55.4
2015 61 55.5
2014 61.3 55.7
2013 59.7 53.8
2012 58.9 51.3
2011 59.7 49.4
2010 58.8 48.4
2009 58 48.4
2008 55.3 48.8
2007 54.6 53.7
2006 53.2 56.6
2005 54.4 56.5
2004 53.4 53
2003 54.1 50.3
2002 53.3 54.3
2001 50.3 53.3
2000 49.8 52.4
1999 47.4 53.3
1998 43.1 52.7
1997 34 53.2
1996 30 50.1
1995 - 45.7

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/azerbaijan/guyana | CC BY

The Economic Freedom Index for Azerbaijan is 64.3, ranking 74/197, compared to 58.7 for Guyana, ranking 109/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Azerbaijan Guyana
Services, % of GDP
42.3%
2024
14.5%
2024
Industry, % of GDP
42.6%
2024
76%
2024
Agriculture, forestry, and fishing, % of GDP
5.66%
2024
7.62%
2024
GNI, Atlas method
$74.8B
2024
$16.7B
2024
GNI per capita, PPP
$24,220
2024
$52,290
2024
Total reserves including gold
$12.7B
2024
$1.01B
2024
Total reserves ranking
72/177
2024
141/177
2024
Net foreign direct investment
$511M
2024
$1.14B
2023
Net inflows of foreign direct investment
$231M
2024
$8.63B
2024
Net outflows of foreign direct investment
$742M
2024
$5.7M
2024
Servicing debt to the IMF, % of GNI
5.83%
2024
3.73%
2024
Poverty at national poverty lines
6%
2012
35%
2020
Gross capital formation, % of GDP
21.1%
2024
32.3%
2005

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/azerbaijan/guyana | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1994–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2022–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. International Monetary Fund (IMF) | Public Finances in Modern History (1994, retrieved 2026-02-20)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.