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Economy of Brunei vs Guatemala compared: GDP & Debt

Updated on by Georank team

Brunei has a GDP of $15.3B compared to $113B for Guatemala, ranking 142/197 and 68/197 by economy size, respectively.

Brunei has $351M in government debt (2.29% of GDP), compared to $29.8B (26.3% of GDP) in Guatemala.

Brunei vs Guatemala GDP by year

Brunei
Guatemala
1x
Year GDP, current $
Brunei Guatemala
2024 $15,340,808,592 $113,199,581,158
2023 $15,095,084,656 $104,368,755,055
2022 $16,681,536,467 $95,641,446,501
2021 $14,006,496,617 $86,455,522,273
2020 $12,005,799,654 $77,719,468,248
2019 $13,469,235,365 $77,172,331,693
2018 $13,566,908,391 $73,328,356,008
2017 $12,128,168,045 $71,653,780,740
2016 $11,400,266,045 $66,053,408,206
2015 $12,930,296,870 $62,186,066,548
2014 $17,097,797,386 $57,852,159,008
2013 $18,094,148,099 $52,996,420,177
2012 $19,048,443,341 $49,593,929,487
2011 $18,524,791,063 $46,876,006,272
2010 $13,707,121,038 $40,676,578,423
2009 $11,912,904,510 $37,126,148,265
2008 $15,926,456,515 $38,503,720,224
2007 $13,432,029,484 $33,567,850,824
2006 $12,644,616,419 $29,744,246,827
2005 $10,547,202,621 $26,783,389,294
2004 $8,619,178,774 $23,577,298,095
2003 $7,167,725,262 $21,576,351,799
2002 $6,333,082,876 $20,444,205,991
2001 $6,096,155,767 $18,405,220,247
2000 $6,570,999,088 $19,288,929,030
1999 $6,309,070,378 $18,318,412,251
1998 $5,550,846,020 $19,395,491,993
1997 $7,793,034,376 $17,790,026,222
1996 $7,663,377,306 $15,674,835,615
1995 $7,700,144,069 $14,655,404,433
1994 $6,467,782,518 $12,983,233,311
1993 $6,203,339,912 $11,400,017,301
1992 $6,327,966,435 $10,440,781,588
1991 $6,284,497,294 $9,406,135,143
1990 $6,039,881,087 $7,650,196,845
1989 $4,983,622,881 $8,410,724,361
1988 $4,535,130,305 $7,841,602,824
1987 $4,918,010,080 $7,084,399,840
1986 $4,190,280,003 $7,231,963,516
1985 $6,967,623,884 $9,721,652,087
1984 $7,632,788,075 $9,470,000,100
1983 $7,927,590,750 $9,050,000,400
1982 $8,932,198,186 $8,716,999,700
1981 $9,367,218,664 $8,607,500,300
1980 $10,795,432,294 $7,878,700,000
1979 $6,044,367,628 $6,902,600,200
1978 $4,100,423,674 $6,070,600,200
1977 $3,681,242,528 $5,480,500,200
1976 $3,054,765,590 $4,365,300,200
1975 $2,496,420,258 $3,645,900,000
1974 $2,319,576,214 $3,161,499,900
1973 $433,095,527 $2,569,200,100
1972 $270,822,782 $2,101,300,000
1971 $197,525,768 $1,984,800,000
1970 $179,078,929 $1,904,000,000
1969 $161,210,236 $1,715,399,900
1968 $160,818,236 $1,610,500,000
1967 $139,029,537 $1,453,500,000
1966 $132,757,528 $1,390,700,000
1965 $114,039,501 $1,331,399,900
1964 - $1,299,099,900
1963 - $1,262,800,000
1962 - $1,143,600,000
1961 - $1,076,699,900
1960 - $1,043,599,900

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

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

GDP per capita in Brunei vs Guatemala by year

Brunei
GDP per capita

GDP per capita, PPP
Guatemala
GDP per capita

GDP per capita, PPP
1x
Year Current $
Brunei Guatemala
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $33,153 $89,879 $6,150 $14,369
2023 $32,891 $85,033 $5,758 $13,745
2022 $36,633 $81,802 $5,359 $13,014
2021 $31,007 $78,249 $4,913 $11,825
2020 $26,834 $69,788 $4,478 $10,947
2019 $30,427 $69,354 $4,512 $10,756
2018 $30,988 $65,149 $4,353 $9,947
2017 $28,024 $61,658 $4,325 $9,560
2016 $26,663 $56,680 $4,060 $9,201
2015 $30,625 $62,708 $3,894 $8,934
2014 $41,027 $81,226 $3,689 $8,237
2013 $44,003 $83,237 $3,444 $7,700
2012 $46,969 $87,256 $3,287 $7,258
2011 $46,383 $82,735 $3,169 $6,784
2010 $34,938 $79,543 $2,805 $6,510
2009 $30,946 $77,957 $2,612 $6,377
2008 $42,157 $80,477 $2,763 $6,435
2007 $36,217 $83,693 $2,459 $6,238
2006 $34,675 $86,114 $2,225 $5,833
2005 $29,386 $81,534 $2,046 $5,486
2004 $24,423 $80,404 $1,841 $5,263
2003 $20,678 $79,632 $1,723 $5,081
2002 $18,621 $76,838 $1,669 $4,969
2001 $18,288 $74,254 $1,538 $4,822
2000 $20,130 $73,087 $1,649 $4,715
1999 $19,752 $70,585 $1,604 $4,557
1998 $17,769 $68,257 $1,741 $4,437
1997 $25,522 $73,980 $1,638 $4,287
1996 $25,692 $70,008 $1,481 $4,143
1995 $26,443 $70,440 $1,421 $4,055
1994 $22,767 $69,779 $1,293 $3,886
1993 $22,397 $69,387 $1,166 $3,756
1992 $23,451 $70,016 $1,096 $3,626
1991 $23,932 $72,610 $1,014 $3,473
1990 $23,659 $70,201 $848 $3,330
1989 $20,090 - $958 -
1988 $18,825 - $919 -
1987 $21,030 - $854 -
1986 $18,501 - $896 -
1985 $31,827 - $1,238 -
1984 $36,061 - $1,241 -
1983 $38,720 - $1,220 -
1982 $45,075 - $1,204 -
1981 $48,793 - $1,216 -
1980 $58,005 - $1,142 -
1979 $33,501 - $1,026 -
1978 $23,447 - $925 -
1977 $21,747 - $856 -
1976 $18,671 - $697 -
1975 $15,793 - $595 -
1974 $15,195 - $529 -
1973 $2,939 - $441 -
1972 $1,905 - $370 -
1971 $1,432 - $358 -
1970 $1,325 - $353 -
1969 $1,226 - $326 -
1968 $1,274 - $315 -
1967 $1,149 - $291.9 -
1966 $1,146 - $287.3 -
1965 $1,029 - $283 -
1964 - - $284.2 -
1963 - - $284.4 -
1962 - - $265.2 -
1961 - - $257.2 -
1960 - - $256.8 -

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

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

Brunei's GDP per capita is $33,153, ranking 36/197, compared to $6,150 in Guatemala, ranking 112/197. Adjusted for purchasing power (GDP per capita PPP), Brunei ranks 9th at $89,879, while Guatemala ranks 116th at $14,369.

Economic indicators

Brunei Guatemala
Gross domestic product
$15.3B
2024
$113B
2024
GDP rank
142/197
2024
68/197
2024
GDP growth
4.05%
2023-2024
3.65%
2023-2024
GDP per capita
$33,153
2024
$6,150
2024
GDP per capita rank
36/197
2024
112/197
2024
GDP per capita, PPP
$89,879
2024
$14,369
2024
GDP per capita PPP rank
9/197
2024
116/197
2024
Government debt
$351M
2024
$29.8B
2024
Debt-to-GDP ratio
2.29%
2024
26.3%
2024
Government debt per person
$759
2024
$1,619
2024
Government debt per person rank
153/185
2024
124/185
2024
Average annual personal income after taxes
$24,405
2026
$4,917
2026
Income share by richest 10% n/a
34.1%
2023
Income share by poorest 10% n/a
1.6%
2023
Government expenditure, % of GDP
29.8%
2024
13.4%
2024
Consumer prices inflation
-0.39%
2023-2024
2.87%
2023-2024
Central bank interest rate n/a
4%
2025
Unemployment rate
4.87%
2024
1.9%
2024
Population
470884
19049936

Spending and national debt comparison by year

Brunei
Spending

Debt
Guatemala
Spending

Debt
1x
Year % of GDP
Brunei Guatemala
Government spending Government debt Government spending Government debt
2024 29.8% 2.29% 13.4% 26.3%
2023 29.4% 2.33% 13.7% 27.2%
2022 26.4% 2.06% 14.3% 29%
2021 29.3% 2.51% 13.5% 30.6%
2020 33.2% 2.86% 15.6% 31.5%
2019 32.4% 2.58% 13.4% 26.4%
2018 32.2% 2.59% 13.2% 26.4%
2017 36.6% 2.83% 12.8% 25.1%
2016 39.4% 3% 12.6% 24.9%
2015 38.7% 2.95% 12.6% 24.8%
2014 34.1% 3.23% 13.6% 24.7%
2013 33.6% 2.21% 14% 25%
2012 31% 2.1% 14.2% 24.6%
2011 29.7% 2.13% 14.5% 23.8%
2010 36.2% 1.11% 14.5% 24%
2009 34.8% 1.11% 14.1% 22.8%
2008 27.2% 0.94% 13.3% 19.6%
2007 29.3% 0.68% 13.9% 20.8%
2006 28% 0.59% 14.2% 20.9%
2005 29.1% 0% 13.2% 20%
2004 33.2% 0% 12.9% 20.6%
2003 30.9% 0% 14.4% 19.8%
2002 41.4% 0% 13.1% 17.4%
2001 35.5% 0% 13.8% 19.1%
2000 37.5% 0% 13.6% 18%
1999 44.1% 0% 14.6% 22%
1998 45.4% 0% 13.2% 19%
1997 39% 0% 11.2% 18.5%
1996 36.9% 0% 9.85% 19.2%
1995 44% 0% 9.77% 21%
1994 47.1% 0% - -
1993 38% 0% - -
1992 34.1% 0% - -
1991 30.6% 0% - -
1990 32% 0% - -

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/brunei/guatemala | CC BY

In 2024, Brunei's government spending was $4.57B, accounting for 29.8% of its GDP, while Guatemala spent $15.1B, or 13.4% of GDP.

Debt-to-GDP ratio is 2.29% in Brunei and 26.3% in Guatemala, ranking 185/185 and 161/185, respectively.

Government deficit by year

Deficit/surplus
Brunei

Guatemala
1x
Year Deficit/surplus, % of GDP
Brunei Guatemala
2024 -10.2% -0.96%
2023 -10.9% -1.25%
2022 2.53% -1.7%
2021 -8.16% -1.16%
2020 -15.8% -4.91%
2019 -3.69% -2.24%
2018 -3.59% -1.88%
2017 -10.4% -1.38%
2016 -21.7% -1.11%
2015 -14.5% -1.47%
2014 3.58% -1.92%
2013 13% -2.16%
2012 15.8% -2.42%
2011 25.6% -2.8%
2010 7.61% -3.28%
2009 3.61% -3.12%
2008 36.1% -1.57%
2007 3.12% -1.4%
2006 19.8% -1.88%
2005 16% -1.67%
2004 8.57% -1.05%
2003 8.06% -2.47%
2002 -4.61% -1.03%
2001 2.59% -2%
2000 6.86% -1.88%
1999 -18.3% -2.96%
1998 -24% -2.29%
1997 -11.8% -0.79%
1996 -8.7% 0.04%
1995 -19.8% -0.53%
1994 -22.6% -
1993 -12.8% -
1992 -8.28% -
1991 -1.06% -
1990 -1.63% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Brunei's government deficit, the difference between spending and revenue, was $1.56B, equivalent to 10.2% of GDP. This compares to Guatemala's deficit of $1.09B, or 0.96% of GDP.

Over the past 30 years, Brunei recorded a fiscal deficit in 15 of those years, while Guatemala ran a deficit in 29 years. On average, Brunei posted an annual deficit equal to 0.44% of GDP, compared to deficit of 1.84% of GDP for Guatemala.

Inflation comparison by year

Inflation
Brunei

Guatemala
1x
Year Consumer prices inflation
Brunei Guatemala
2024 -0.39% 2.87%
2023 0.36% 6.21%
2022 3.68% 6.89%
2021 1.73% 4.26%
2020 1.94% 3.21%
2019 -0.39% 3.7%
2018 1.03% 3.75%
2017 -1.26% 4.42%
2016 -0.28% 4.45%
2015 -0.49% 2.39%
2014 -0.21% 3.42%
2013 0.39% 4.34%
2012 0.11% 3.78%
2011 0.14% 6.21%
2010 0.36% 3.86%
2009 1.04% 1.86%
2008 2.08% 11.4%
2007 0.97% 6.82%
2006 0.16% 6.56%
2005 1.24% 9.11%
2004 0.81% 7.58%
2003 0.3% 5.6%
2002 -2.31% 8.13%
2001 0.6% 7.29%
2000 1.56% 5.98%
1999 -0.42% 5.21%
1998 -0.44% 6.61%
1997 1.71% 9.23%

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

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

Over the past 28 years, Brunei has recorded an average annual inflation rate of 0.5%, compared with 5.54% in Guatemala. In 2024, inflation was -0.39% in Brunei and 2.87% in Guatemala.

Balance of trade

Brunei Guatemala
Current account balance
$2.23B
2024
$3.27B
2024
Current account balance ranking
45/190
2024
38/190
2024
Current account balance, % of GDP
+14.5%
2024
+2.89%
2024
Goods imports
$7.36B
2024
$29.1B
2024
Goods exports
$11.1B
2024
$13.3B
2024
Service imports
$1.75B
2024
$6.45B
2024
Service exports
$410M
2024
$4.65B
2024
Imports of goods and services, % of GDP
58.3%
2024
31.5%
2024
Exports of goods and services, % of GDP
74.3%
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.

Brunei Guatemala
Economic freedom 67.5 63.5
Economic freedom ranking 55/197 79/197
Property rights 66.1 39.1
Government integrity 60.4 25.2
Judicial effectiveness 48.6 26.1
Tax burden 95 91.3
Government spending 75.6 94.3
Fiscal health 39 95.9
Business freedom 75.3 65.7
Labor freedom 75.1 52.5
Monetary freedom 74.8 77.3
Trade freedom 84.6 74.6
Investment freedom 65 70
Financial freedom 50 50

Economic freedom comparison by year

Brunei
Guatemala
1x
Year Economic freedom index
Brunei Guatemala
2026 67.5 63.5
2025 67 63.4
2024 65.9 62.4
2023 65.7 62.7
2022 64.8 63.2
2021 66.6 64
2020 66.6 64
2019 65.1 62.6
2018 64.2 63.4
2017 69.8 63
2016 67.3 61.8
2015 68.9 60.4
2014 69 61.2
2013 - 60
2012 - 60.9
2011 - 61.9
2010 - 61
2009 - 59.4
2008 - 59.8
2007 - 60.5
2006 - 59.1
2005 - 59.5
2004 - 59.6
2003 - 62.3
2002 - 62.3
2001 - 65.1
2000 - 64.3
1999 - 66.2
1998 - 65.8
1997 - 65.7
1996 - 63.7
1995 - 62

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

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

The Economic Freedom Index for Brunei is 67.5, ranking 55/197, 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

Brunei Guatemala
Services, % of GDP
39%
2024
61.8%
2024
Industry, % of GDP
61.7%
2024
21.7%
2024
Agriculture, forestry, and fishing, % of GDP
1.17%
2024
9.78%
2024
GNI, Atlas method
$16.7B
2024
$106B
2024
GNI per capita, PPP
$92,750
2024
$14,170
2024
Total reserves including gold
$4.41B
2024
$24.4B
2024
Total reserves ranking
105/177
2024
57/177
2024
Net foreign direct investment
-$29.1M
2024
-$983M
2024
Net inflows of foreign direct investment
$29.1M
2024
$1.85B
2024
Net outflows of foreign direct investment
$0
2024
$865M
2024
Servicing debt to the IMF, % of GNI n/a
1.75%
2024
Poverty at national poverty lines n/a
56%
2023
Gross capital formation, % of GDP
27.9%
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/brunei/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)

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.