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Economy of Botswana vs Guatemala compared: GDP & Debt

Updated on by Georank team

Botswana has a GDP of $19.4B compared to $113B for Guatemala, ranking 133/197 and 68/197 by economy size, respectively.

Botswana has $5.82B in government debt (30% of GDP), compared to $29.8B (26.3% of GDP) in Guatemala.

Botswana vs Guatemala GDP by year

Botswana
Guatemala
1x
Year GDP, current $
Botswana Guatemala
2024 $19,402,063,513 $113,199,581,158
2023 $19,411,266,967 $104,368,755,055
2022 $20,321,150,599 $95,641,446,501
2021 $18,750,182,236 $86,455,522,273
2020 $14,960,251,608 $77,719,468,248
2019 $16,725,908,149 $77,172,331,693
2018 $17,031,943,186 $73,328,356,008
2017 $16,105,155,857 $71,653,780,740
2016 $15,082,637,184 $66,053,408,206
2015 $13,530,748,845 $62,186,066,548
2014 $15,470,088,501 $57,852,159,008
2013 $14,271,738,933 $52,996,420,177
2012 $13,907,464,500 $49,593,929,487
2011 $15,110,643,612 $46,876,006,272
2010 $12,637,273,429 $40,676,578,423
2009 $10,118,459,242 $37,126,148,265
2008 $10,730,829,116 $38,503,720,224
2007 $10,567,270,656 $33,567,850,824
2006 $9,919,158,482 $29,744,246,827
2005 $9,918,907,108 $26,783,389,294
2004 $8,957,467,707 $23,577,298,095
2003 $7,511,582,173 $21,576,351,799
2002 $5,438,863,983 $20,444,205,991
2001 $5,489,608,300 $18,405,220,247
2000 $5,788,329,609 $19,288,929,030
1999 $5,484,263,347 $18,318,412,251
1998 $4,790,481,509 $19,395,491,993
1997 $5,020,265,627 $17,790,026,222
1996 $4,847,757,218 $15,674,835,615
1995 $4,730,599,122 $14,655,404,433
1994 $4,259,259,604 $12,983,233,311
1993 $4,160,129,175 $11,400,017,301
1992 $4,146,464,587 $10,440,781,588
1991 $3,942,876,703 $9,406,135,143
1990 $3,790,636,324 $7,650,196,845
1989 $3,083,822,112 $8,410,724,361
1988 $2,644,554,159 $7,841,602,824
1987 $1,965,226,890 $7,084,399,840
1986 $1,392,602,164 $7,231,963,516
1985 $1,114,783,343 $9,721,652,087
1984 $1,240,822,167 $9,470,000,100
1983 $1,172,230,397 $9,050,000,400
1982 $1,014,945,696 $8,716,999,700
1981 $1,073,812,830 $8,607,500,300
1980 $1,060,889,704 $7,878,700,000
1979 $819,870,259 $6,902,600,200
1978 $590,407,374 $6,070,600,200
1977 $451,624,780 $5,480,500,200
1976 $372,025,093 $4,365,300,200
1975 $355,168,572 $3,645,900,000
1974 $306,044,208 $3,161,499,900
1973 $244,124,164 $2,569,200,100
1972 $164,460,915 $2,101,300,000
1971 $127,448,614 $1,984,800,000
1970 $96,243,234 $1,904,000,000
1969 $77,361,547 $1,715,399,900
1968 $66,248,441 $1,610,500,000
1967 $58,642,354 $1,453,500,000
1966 $51,465,655 $1,390,700,000
1965 $45,788,696 $1,331,399,900
1964 $41,616,348 $1,299,099,900
1963 $38,091,843 $1,262,800,000
1962 $35,644,957 $1,143,600,000
1961 $32,902,613 $1,076,699,900
1960 $30,411,414 $1,043,599,900

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

GeoRank.org/economy/botswana/guatemala | CC BY

GDP per capita in Botswana vs Guatemala by year

Botswana
GDP per capita

GDP per capita, PPP
Guatemala
GDP per capita

GDP per capita, PPP
1x
Year Current $
Botswana Guatemala
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,696 $20,538 $6,150 $14,369
2023 $7,826 $21,012 $5,758 $13,745
2022 $8,329 $19,977 $5,359 $13,014
2021 $7,808 $17,961 $4,913 $11,825
2020 $6,323 $15,292 $4,478 $10,947
2019 $7,172 $15,960 $4,512 $10,756
2018 $7,408 $15,786 $4,353 $9,947
2017 $7,105 $15,701 $4,325 $9,560
2016 $6,749 $16,228 $4,060 $9,201
2015 $6,141 $14,144 $3,894 $8,934
2014 $7,122 $15,003 $3,689 $8,237
2013 $6,667 $13,621 $3,444 $7,700
2012 $6,596 $12,737 $3,287 $7,258
2011 $7,287 $13,635 $3,169 $6,784
2010 $6,216 $12,753 $2,805 $6,510
2009 $5,083 $11,686 $2,612 $6,377
2008 $5,503 $13,810 $2,763 $6,435
2007 $5,529 $13,389 $2,459 $6,238
2006 $5,292 $12,563 $2,225 $5,833
2005 $5,391 $11,458 $2,046 $5,486
2004 $4,957 $10,818 $1,841 $5,263
2003 $4,230 $10,439 $1,723 $5,081
2002 $3,117 $9,958 $1,669 $4,969
2001 $3,206 $9,420 $1,538 $4,822
2000 $3,451 $9,380 $1,649 $4,715
1999 $3,340 $9,188 $1,604 $4,557
1998 $2,981 $8,441 $1,741 $4,437
1997 $3,194 $8,497 $1,638 $4,287
1996 $3,156 $7,890 $1,481 $4,143
1995 $3,156 $7,503 $1,421 $4,055
1994 $2,917 $7,049 $1,293 $3,886
1993 $2,929 $6,847 $1,166 $3,756
1992 $3,005 $6,753 $1,096 $3,626
1991 $2,939 $6,598 $1,014 $3,473
1990 $2,903 $6,104 $848 $3,330
1989 $2,428 - $958 -
1988 $2,141 - $919 -
1987 $1,639 - $854 -
1986 $1,200 - $896 -
1985 $994 - $1,238 -
1984 $1,145 - $1,241 -
1983 $1,121 - $1,220 -
1982 $1,006 - $1,204 -
1981 $1,107 - $1,216 -
1980 $1,132 - $1,142 -
1979 $909 - $1,026 -
1978 $695 - $925 -
1977 $565 - $856 -
1976 $490 - $697 -
1975 $493 - $595 -
1974 $446 - $529 -
1973 $374 - $441 -
1972 $264.2 - $370 -
1971 $212.2 - $358 -
1970 $163 - $353 -
1969 $131.8 - $326 -
1968 $113.4 - $315 -
1967 $100.9 - $291.9 -
1966 $89.1 - $287.3 -
1965 $79.7 - $283 -
1964 $73.5 - $284.2 -
1963 $68.9 - $284.4 -
1962 $66 - $265.2 -
1961 $62.3 - $257.2 -
1960 $58.9 - $256.8 -

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

GeoRank.org/economy/botswana/guatemala | CC BY

Botswana's GDP per capita is $7,696, ranking 97/197, compared to $6,150 in Guatemala, ranking 112/197. Adjusted for purchasing power (GDP per capita PPP), Botswana ranks 95th at $20,538, while Guatemala ranks 116th at $14,369.

Economic indicators

Botswana Guatemala
Gross domestic product
$19.4B
2024
$113B
2024
GDP rank
133/197
2024
68/197
2024
GDP growth
-2.99%
2023-2024
3.65%
2023-2024
GDP per capita
$7,696
2024
$6,150
2024
GDP per capita rank
97/197
2024
112/197
2024
GDP per capita, PPP
$20,538
2024
$14,369
2024
GDP per capita PPP rank
95/197
2024
116/197
2024
Government debt
$5.82B
2024
$29.8B
2024
Debt-to-GDP ratio
30%
2024
26.3%
2024
Government debt per person
$2,310
2024
$1,619
2024
Government debt per person rank
114/185
2024
124/185
2024
Average annual personal income after taxes
$5,271
2026
$4,917
2026
Market capitalization of domestic companies
$3.59B
2023
n/a
Income share by richest 10%
42.9%
2015
34.1%
2023
Income share by poorest 10%
1.4%
2015
1.6%
2023
Government expenditure, % of GDP
33.8%
2024
13.4%
2024
Consumer prices inflation
2.82%
2023-2024
2.87%
2023-2024
Central bank interest rate
1.9%
2024
4%
2025
Unemployment rate
24.4%
2024
1.9%
2024
Population
2615162
19049936

Spending and national debt comparison by year

Botswana
Spending

Debt
Guatemala
Spending

Debt
1x
Year % of GDP
Botswana Guatemala
Government spending Government debt Government spending Government debt
2024 33.8% 30% 13.4% 26.3%
2023 32.4% 22.5% 13.7% 27.2%
2022 29.5% 21.3% 14.3% 29%
2021 33% 23.4% 13.5% 30.6%
2020 38.5% 24.8% 15.6% 31.5%
2019 36.4% 21.3% 13.4% 26.4%
2018 35.9% 19.8% 13.2% 26.4%
2017 35% 19.8% 12.8% 25.1%
2016 34.2% 22.4% 12.6% 24.9%
2015 39.7% 25.7% 12.6% 24.8%
2014 36.4% 23.9% 13.6% 24.7%
2013 34.8% 24.7% 14% 25%
2012 38.3% 27.3% 14.2% 24.6%
2011 37.4% 28.1% 14.5% 23.8%
2010 44.7% 27.9% 14.5% 24%
2009 54.5% 23.5% 14.1% 22.8%
2008 48% 7.77% 13.3% 19.6%
2007 38.3% 6.12% 13.9% 20.8%
2006 34.1% 6.32% 14.2% 20.9%
2005 35% 7.74% 13.2% 20%
2004 42% 11.3% 12.9% 20.6%
2003 44% 7.29% 14.4% 19.8%
2002 46% 8.55% 13.1% 17.4%
2001 42.9% 7.61% 13.8% 19.1%
2000 39.8% 8.37% 13.6% 18%
1999 41.7% 9.68% 14.6% 22%
1998 44.3% 12% 13.2% 19%
1997 40% - 11.2% 18.5%
1996 37.2% - 9.85% 19.2%
1995 38.1% - 9.77% 21%
1994 39.2% - - -
1993 44.2% - - -
1992 43.4% - - -
1991 42.3% - - -
1990 40.5% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1999, retrieved 2026-02-20).

GeoRank.org/economy/botswana/guatemala | CC BY

In 2024, Botswana's government spending was $6.55B, accounting for 33.8% of its GDP, while Guatemala spent $15.1B, or 13.4% of GDP.

Debt-to-GDP ratio is 30% in Botswana and 26.3% in Guatemala, ranking 158/185 and 161/185, respectively.

Government deficit by year

Deficit/surplus
Botswana

Guatemala
1x
Year Deficit/surplus, % of GDP
Botswana Guatemala
2024 -7.82% -0.96%
2023 -4.25% -1.25%
2022 -0.006% -1.7%
2021 -2.46% -1.16%
2020 -11.5% -4.91%
2019 -8.43% -2.24%
2018 -5.07% -1.88%
2017 -1.16% -1.38%
2016 0.72% -1.11%
2015 -5.06% -1.47%
2014 3.88% -1.92%
2013 6.07% -2.16%
2012 0.92% -2.42%
2011 -0.12% -2.8%
2010 -8.36% -3.28%
2009 -14.4% -3.12%
2008 -7.59% -1.57%
2007 5.92% -1.4%
2006 13.7% -1.88%
2005 10.7% -1.67%
2004 1.42% -1.05%
2003 -0.18% -2.47%
2002 -4.02% -1.03%
2001 -2.96% -2%
2000 8.95% -1.88%
1999 6.18% -2.96%
1998 - -2.29%
1997 - -0.79%
1996 - 0.04%
1995 - -0.53%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

GeoRank.org/economy/botswana/guatemala | CC BY

In 2024, Botswana's government deficit, the difference between spending and revenue, was $1.52B, equivalent to 7.82% of GDP. This compares to Guatemala's deficit of $1.09B, or 0.96% of GDP.

Over the past 26 years, Botswana recorded a fiscal deficit in 16 of those years, while Guatemala ran a deficit in 26 years. On average, Botswana posted an annual deficit equal to 0.96% of GDP, compared to deficit of 1.99% of GDP for Guatemala.

Inflation comparison by year

Inflation
Botswana

Guatemala
1x
Year Consumer prices inflation
Botswana Guatemala
2024 2.82% 2.87%
2023 5.07% 6.21%
2022 11.7% 6.89%
2021 7.24% 4.26%
2020 1.89% 3.21%
2019 2.77% 3.7%
2018 3.24% 3.75%
2017 3.31% 4.42%
2016 2.81% 4.45%
2015 3.06% 2.39%
2014 4.4% 3.42%
2013 5.88% 4.34%
2012 7.54% 3.78%
2011 8.46% 6.21%
2010 6.95% 3.86%
2009 8.03% 1.86%
2008 12.7% 11.4%
2007 7.08% 6.82%
2006 11.6% 6.56%
2005 8.61% 9.11%
2004 6.95% 7.58%
2003 9.19% 5.6%
2002 8.03% 8.13%
2001 6.56% 7.29%
2000 8.6% 5.98%
1999 7.75% 5.21%
1998 6.66% 6.61%
1997 8.72% 9.23%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/botswana/guatemala | CC BY

Over the past 28 years, Botswana has recorded an average annual inflation rate of 6.7%, compared with 5.54% in Guatemala. In 2024, inflation was 2.82% in Botswana and 2.87% in Guatemala.

Top exports between countries

Botswana
Export category Export value
Wood & paper products $1K
Guatemala
Export category Export value

Balance of trade

Botswana Guatemala
Current account balance
-$821M
2024
$3.27B
2024
Current account balance ranking
118/190
2024
38/190
2024
Current account balance, % of GDP
-4.23%
2024
+2.89%
2024
Goods imports
$6.86B
2024
$29.1B
2024
Goods exports
$4.66B
2024
$13.3B
2024
Service imports
$1.29B
2024
$6.45B
2024
Service exports
$935M
2024
$4.65B
2024
Imports of goods and services, % of GDP
43.7%
2024
31.5%
2024
Exports of goods and services, % of GDP
27.4%
2024
15.9%
2024

Economic freedom indices

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

Botswana Guatemala
Economic freedom 67.7 63.5
Economic freedom ranking 53/197 79/197
Property rights 71.7 39.1
Government integrity 59.6 25.2
Judicial effectiveness 70.2 26.1
Tax burden 87.1 91.3
Government spending 69.8 94.3
Fiscal health 72.4 95.9
Business freedom 61.5 65.7
Labor freedom 60.7 52.5
Monetary freedom 72 77.3
Trade freedom 77 74.6
Investment freedom 50 70
Financial freedom 60 50

Economic freedom comparison by year

Botswana
Guatemala
1x
Year Economic freedom index
Botswana Guatemala
2026 67.7 63.5
2025 69.9 63.4
2024 68 62.4
2023 64.9 62.7
2022 64.8 63.2
2021 67.6 64
2020 69.6 64
2019 69.5 62.6
2018 69.9 63.4
2017 70.1 63
2016 71.1 61.8
2015 69.8 60.4
2014 72 61.2
2013 70.6 60
2012 69.6 60.9
2011 68.8 61.9
2010 70.3 61
2009 69.7 59.4
2008 68.2 59.8
2007 68.1 60.5
2006 68.8 59.1
2005 69.3 59.5
2004 69.9 59.6
2003 68.6 62.3
2002 66.2 62.3
2001 66.8 65.1
2000 65.8 64.3
1999 62.9 66.2
1998 62.8 65.8
1997 59.1 65.7
1996 61.6 63.7
1995 56.8 62

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

GeoRank.org/economy/botswana/guatemala | CC BY

The Economic Freedom Index for Botswana is 67.7, ranking 53/197, compared to 63.5 for Guatemala, ranking 79/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Botswana Guatemala
Services, % of GDP
63.5%
2024
61.8%
2024
Industry, % of GDP
29.4%
2024
21.7%
2024
Agriculture, forestry, and fishing, % of GDP
1.71%
2024
9.78%
2024
GNI, Atlas method
$19.5B
2024
$106B
2024
GNI per capita, PPP
$20,570
2024
$14,170
2024
Total reserves including gold
$3.46B
2024
$24.4B
2024
Total reserves ranking
113/177
2024
57/177
2024
Net foreign direct investment
-$464M
2024
-$983M
2024
Net inflows of foreign direct investment
$467M
2024
$1.85B
2024
Net outflows of foreign direct investment
$3.02M
2024
$865M
2024
Servicing debt to the IMF, % of GNI
1.42%
2024
1.75%
2024
Poverty at national poverty lines
16.1%
2015
56%
2023
Gross capital formation, % of GDP
36%
2024
16.7%
2024

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/botswana/guatemala | 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 (1990–2024, 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. International Monetary Fund (IMF) | Public Finances in Modern History (1995–1999, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. TradeMap (2023, retrieved 2026-02-08)

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.