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Economy of Burkina Faso vs Guatemala compared: GDP & Debt

Updated on by Georank team

Burkina Faso has a GDP of $23.1B compared to $113B for Guatemala, ranking 122/197 and 68/197 by economy size, respectively.

Burkina Faso has $13.2B in government debt (57.2% of GDP), compared to $29.8B (26.3% of GDP) in Guatemala.

Burkina Faso vs Guatemala GDP by year

Burkina Faso
Guatemala
1x
Year GDP, current $
Burkina Faso Guatemala
2024 $23,124,729,853 $113,199,581,158
2023 $20,112,614,449 $104,368,755,055
2022 $18,622,421,395 $95,641,446,501
2021 $19,697,516,284 $86,455,522,273
2020 $17,725,010,533 $77,719,468,248
2019 $16,032,813,503 $77,172,331,693
2018 $15,890,066,221 $73,328,356,008
2017 $14,106,955,615 $71,653,780,740
2016 $12,833,363,045 $66,053,408,206
2015 $11,832,159,316 $62,186,066,548
2014 $13,943,016,077 $57,852,159,008
2013 $13,444,300,486 $52,996,420,177
2012 $12,561,015,157 $49,593,929,487
2011 $12,080,295,978 $46,876,006,272
2010 $10,109,619,741 $40,676,578,423
2009 $9,450,696,873 $37,126,148,265
2008 $9,451,435,490 $38,503,720,224
2007 $7,625,722,837 $33,567,850,824
2006 $6,547,419,820 $29,744,246,827
2005 $6,146,353,173 $26,783,389,294
2004 $5,451,688,538 $23,577,298,095
2003 $4,740,768,143 $21,576,351,799
2002 $3,622,350,063 $20,444,205,991
2001 $3,190,371,081 $18,405,220,247
2000 $2,968,370,088 $19,288,929,030
1999 $3,389,566,713 $18,318,412,251
1998 $2,804,902,367 $19,395,491,993
1997 $2,447,669,102 $17,790,026,222
1996 $2,586,550,595 $15,674,835,615
1995 $2,379,517,975 $14,655,404,433
1994 $1,895,290,637 $12,983,233,311
1993 $3,199,536,465 $11,400,017,301
1992 $3,356,692,505 $10,440,781,588
1991 $3,135,045,584 $9,406,135,143
1990 $3,101,300,779 $7,650,196,845
1989 $2,615,587,734 $8,410,724,361
1988 $2,616,040,479 $7,841,602,824
1987 $2,369,834,950 $7,084,399,840
1986 $2,036,303,358 $7,231,963,516
1985 $1,552,493,196 $9,721,652,087
1984 $1,459,880,132 $9,470,000,100
1983 $1,600,278,605 $9,050,000,400
1982 $1,754,450,096 $8,716,999,700
1981 $1,775,842,334 $8,607,500,300
1980 $1,928,719,888 $7,878,700,000
1979 $1,748,480,621 $6,902,600,200
1978 $1,475,583,645 $6,070,600,200
1977 $1,131,224,878 $5,480,500,200
1976 $976,547,188 $4,365,300,200
1975 $939,972,703 $3,645,900,000
1974 $751,133,430 $3,161,499,900
1973 $674,773,570 $2,569,200,100
1972 $578,595,522 $2,101,300,000
1971 $482,411,179 $1,984,800,000
1970 $458,404,269 $1,904,000,000
1969 $478,298,645 $1,715,399,900
1968 $460,442,689 $1,610,500,000
1967 $450,753,924 $1,453,500,000
1966 $433,889,766 $1,390,700,000
1965 $422,916,790 $1,331,399,900
1964 $410,321,645 $1,299,099,900
1963 $394,040,667 $1,262,800,000
1962 $379,567,099 $1,143,600,000
1961 $350,247,234 $1,076,699,900
1960 $330,442,816 $1,043,599,900

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

GeoRank.org/economy/burkina-faso/guatemala | CC BY

GDP per capita in Burkina Faso vs Guatemala by year

Burkina Faso
GDP per capita

GDP per capita, PPP
Guatemala
GDP per capita

GDP per capita, PPP
1x
Year Current $
Burkina Faso Guatemala
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $982 $2,896 $6,150 $14,369
2023 $873 $2,759 $5,758 $13,745
2022 $827 $2,645 $5,359 $13,014
2021 $896 $2,486 $4,913 $11,825
2020 $825 $2,381 $4,478 $10,947
2019 $765 $2,232 $4,512 $10,756
2018 $777 $2,073 $4,353 $9,947
2017 $709 $2,042 $4,325 $9,560
2016 $664 $1,882 $4,060 $9,201
2015 $630 $1,692 $3,894 $8,934
2014 $765 $1,661 $3,689 $8,237
2013 $760 $1,643 $3,444 $7,700
2012 $731 $1,572 $3,287 $7,258
2011 $725 $1,531 $3,169 $6,784
2010 $625 $1,449 $2,805 $6,510
2009 $602 $1,360 $2,612 $6,377
2008 $619 $1,351 $2,763 $6,435
2007 $515 $1,290 $2,459 $6,238
2006 $456 $1,244 $2,225 $5,833
2005 $441 $1,172 $2,046 $5,486
2004 $404 $1,079 $1,841 $5,263
2003 $362 $1,038 $1,723 $5,081
2002 $285.7 $974 $1,669 $4,969
2001 $259.5 $948 $1,538 $4,822
2000 $248.9 $896 $1,649 $4,715
1999 $292.8 $886 $1,604 $4,557
1998 $249.5 $838 $1,741 $4,437
1997 $223.9 $794 $1,638 $4,287
1996 $242.7 $753 $1,481 $4,143
1995 $229.1 $684 $1,421 $4,055
1994 $187.2 $650 $1,293 $3,886
1993 $324 $644 $1,166 $3,756
1992 $349 $623 $1,096 $3,626
1991 $334 $623 $1,014 $3,473
1990 $339 $567 $848 $3,330
1989 $293.2 - $958 -
1988 $301 - $919 -
1987 $280.2 - $854 -
1986 $247.5 - $896 -
1985 $194.1 - $1,238 -
1984 $187.8 - $1,241 -
1983 $211.9 - $1,220 -
1982 $239 - $1,204 -
1981 $248.7 - $1,216 -
1980 $277.6 - $1,142 -
1979 $258.5 - $1,026 -
1978 $223.9 - $925 -
1977 $176 - $856 -
1976 $155.5 - $697 -
1975 $152.9 - $595 -
1974 $124.7 - $529 -
1973 $114.1 - $441 -
1972 $99.6 - $370 -
1971 $84.5 - $358 -
1970 $81.7 - $353 -
1969 $86.8 - $326 -
1968 $85 - $315 -
1967 $84.6 - $291.9 -
1966 $82.8 - $287.3 -
1965 $82.1 - $283 -
1964 $80.9 - $284.2 -
1963 $78.9 - $284.4 -
1962 $77.2 - $265.2 -
1961 $72.2 - $257.2 -
1960 $69.2 - $256.8 -

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

GeoRank.org/economy/burkina-faso/guatemala | CC BY

Burkina Faso's GDP per capita is $982, ranking 180/197, compared to $6,150 in Guatemala, ranking 112/197. Adjusted for purchasing power (GDP per capita PPP), Burkina Faso ranks 181st at $2,896, while Guatemala ranks 116th at $14,369.

Economic indicators

Burkina Faso Guatemala
Gross domestic product
$23.1B
2024
$113B
2024
GDP rank
122/197
2024
68/197
2024
GDP growth
4.8%
2023-2024
3.65%
2023-2024
GDP per capita
$982
2024
$6,150
2024
GDP per capita rank
180/197
2024
112/197
2024
GDP per capita, PPP
$2,896
2024
$14,369
2024
GDP per capita PPP rank
181/197
2024
116/197
2024
Government debt
$13.2B
2024
$29.8B
2024
Debt-to-GDP ratio
57.2%
2024
26.3%
2024
Government debt per person
$562
2024
$1,619
2024
Government debt per person rank
162/185
2024
124/185
2024
Average annual personal income after taxes
$2,710
2026
$4,917
2026
Income share by richest 10%
30.2%
2021
34.1%
2023
Income share by poorest 10%
3%
2021
1.6%
2023
Government expenditure, % of GDP
27.8%
2024
13.4%
2024
Consumer prices inflation
4.19%
2023-2024
2.87%
2023-2024
Central bank interest rate n/a
4%
2025
Unemployment rate
3.44%
2024
1.9%
2024
Population
24756783
19049936

Spending and national debt comparison by year

Burkina Faso
Spending

Debt
Guatemala
Spending

Debt
1x
Year % of GDP
Burkina Faso Guatemala
Government spending Government debt Government spending Government debt
2024 27.8% 57.2% 13.4% 26.3%
2023 29.4% 56.8% 13.7% 27.2%
2022 32.9% 59.2% 14.3% 29%
2021 27.8% 55.5% 13.5% 30.6%
2020 24.4% 43.6% 15.6% 31.5%
2019 23.3% 41.7% 13.4% 26.4%
2018 24.2% 38.1% 13.2% 26.4%
2017 26.3% 33.9% 12.8% 25.1%
2016 21.6% 32.9% 12.6% 24.9%
2015 20.4% 31.3% 12.6% 24.8%
2014 20.9% 26.1% 13.6% 24.7%
2013 25.3% 25.9% 14% 25%
2012 22.7% 25.2% 14.2% 24.6%
2011 20.4% 24.5% 14.5% 23.8%
2010 21.7% 23.7% 14.5% 24%
2009 21.5% 25.9% 14.1% 22.8%
2008 18.6% 24.9% 13.3% 19.6%
2007 22.8% 22.4% 13.9% 20.8%
2006 21.9% 20.1% 14.2% 20.9%
2005 20.2% 39.2% 13.2% 20%
2004 20.3% 40.7% 12.9% 20.6%
2003 17.6% 39.7% 14.4% 19.8%
2002 19.5% 43.3% 13.1% 17.4%
2001 19.7% 46.6% 13.8% 19.1%
2000 19.8% 47.5% 13.6% 18%
1999 21.4% 46.4% 14.6% 22%
1998 19.7% 47.7% 13.2% 19%
1997 20% 48.4% 11.2% 18.5%
1996 19.8% 45.8% 9.85% 19.2%
1995 19.4% 48.9% 9.77% 21%
1994 17.8% 55.1% - -
1993 17.9% 33.6% - -
1992 16.7% 29.6% - -
1991 17% 28.7% - -
1990 18.4% 25.6% - -
1989 14.2% 25.5% - -
1988 16.2% 28.8% - -
1987 19.2% 30.7% - -
1986 16.3% 27.6% - -
1985 11.5% 28.5% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–2001, retrieved 2026-02-20).

GeoRank.org/economy/burkina-faso/guatemala | CC BY

In 2024, Burkina Faso's government spending was $6.43B, accounting for 27.8% of its GDP, while Guatemala spent $15.1B, or 13.4% of GDP.

Debt-to-GDP ratio is 57.2% in Burkina Faso and 26.3% in Guatemala, ranking 89/185 and 161/185, respectively.

Government deficit by year

Deficit/surplus
Burkina Faso

Guatemala
1x
Year Deficit/surplus, % of GDP
Burkina Faso Guatemala
2024 -5.84% -0.96%
2023 -6.91% -1.25%
2022 -10.9% -1.7%
2021 -7.45% -1.16%
2020 -5.16% -4.91%
2019 -3.39% -2.24%
2018 -4.43% -1.88%
2017 -6.92% -1.38%
2016 -3.08% -1.11%
2015 -2.09% -1.47%
2014 -1.74% -1.92%
2013 -3.55% -2.16%
2012 -2.76% -2.42%
2011 -2.04% -2.8%
2010 -4.06% -3.28%
2009 -4.16% -3.12%
2008 -3.63% -1.57%
2007 -5.01% -1.4%
2006 14.3% -1.88%
2005 -4.89% -1.67%
2004 -4.19% -1.05%
2003 -1.79% -2.47%
2002 -4.43% -1.03%
2001 -3.56% -2%
2000 -3.03% -1.88%
1999 -3.29% -2.96%
1998 -2.6% -2.29%
1997 -2.64% -0.79%
1996 -1.67% 0.04%
1995 -2.65% -0.53%
1994 -1.89% -
1993 -3.81% -
1992 -2.51% -
1991 -2.77% -
1990 -7.54% -
1989 1.96% -
1988 -4.32% -
1987 -5.27% -
1986 -5.1% -
1985 -1.21% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

GeoRank.org/economy/burkina-faso/guatemala | CC BY

In 2024, Burkina Faso's government deficit, the difference between spending and revenue, was $1.35B, equivalent to 5.84% of GDP. This compares to Guatemala's deficit of $1.09B, or 0.96% of GDP.

Over the past 30 years, Burkina Faso recorded a fiscal deficit in 29 of those years, while Guatemala ran a deficit in 29 years. On average, Burkina Faso posted an annual deficit equal to 3.45% of GDP, compared to deficit of 1.84% of GDP for Guatemala.

Inflation comparison by year

Inflation
Burkina Faso

Guatemala
1x
Year Consumer prices inflation
Burkina Faso Guatemala
2024 4.19% 2.87%
2023 0.74% 6.21%
2022 14.3% 6.89%
2021 3.65% 4.26%
2020 1.88% 3.21%
2019 -3.23% 3.7%
2018 1.96% 3.75%
2017 1.48% 4.42%
2016 0.44% 4.45%
2015 0.72% 2.39%
2014 -0.26% 3.42%
2013 0.53% 4.34%
2012 3.82% 3.78%
2011 2.76% 6.21%
2010 -0.76% 3.86%
2009 2.61% 1.86%
2008 10.7% 11.4%
2007 -0.23% 6.82%
2006 2.33% 6.56%
2005 6.42% 9.11%
2004 -0.4% 7.58%
2003 2.03% 5.6%
2002 2.18% 8.13%
2001 5.01% 7.29%
2000 -0.3% 5.98%
1999 -1.07% 5.21%
1998 5.08% 6.61%
1997 2.32% 9.23%

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

GeoRank.org/economy/burkina-faso/guatemala | CC BY

Over the past 28 years, Burkina Faso has recorded an average annual inflation rate of 2.46%, compared with 5.54% in Guatemala. In 2024, inflation was 4.19% in Burkina Faso and 2.87% in Guatemala.

Top exports between countries

Burkina Faso
Export category Export value
Textiles & consumer goods $1K
Guatemala
Export category Export value
Textiles & consumer goods $41K

Balance of trade

Burkina Faso Guatemala
Current account balance
-$1.02B
2023
$3.27B
2024
Current account balance ranking
122/190
2023
38/190
2024
Current account balance, % of GDP
-5.06%
2023
+2.89%
2024
Goods imports
$5.38B
2023
$29.1B
2024
Goods exports
$5.29B
2023
$13.3B
2024
Service imports
$1.45B
2023
$6.45B
2024
Service exports
$621M
2023
$4.65B
2024
Imports of goods and services, % of GDP
31.9%
2024
31.5%
2024
Exports of goods and services, % of GDP
28.6%
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.

Burkina Faso Guatemala
Economic freedom 49.1 63.5
Economic freedom ranking 167/197 79/197
Property rights 17.6 39.1
Government integrity 40.2 25.2
Judicial effectiveness 26.1 26.1
Tax burden 80.8 91.3
Government spending 72.9 94.3
Fiscal health 13.4 95.9
Business freedom 37.8 65.7
Labor freedom 62.1 52.5
Monetary freedom 71.9 77.3
Trade freedom 61 74.6
Investment freedom 65 70
Financial freedom 40 50

Economic freedom comparison by year

Burkina Faso
Guatemala
1x
Year Economic freedom index
Burkina Faso Guatemala
2026 49.1 63.5
2025 51 63.4
2024 51.9 62.4
2023 56.2 62.7
2022 58.3 63.2
2021 56.5 64
2020 56.7 64
2019 59.4 62.6
2018 60 63.4
2017 59.6 63
2016 59.1 61.8
2015 58.6 60.4
2014 58.9 61.2
2013 59.9 60
2012 60.6 60.9
2011 60.6 61.9
2010 59.4 61
2009 59.5 59.4
2008 55.7 59.8
2007 55.1 60.5
2006 55.8 59.1
2005 56.6 59.5
2004 58 59.6
2003 58.9 62.3
2002 58.8 62.3
2001 56.7 65.1
2000 55.7 64.3
1999 55 66.2
1998 54.5 65.8
1997 54 65.7
1996 49.4 63.7
1995 - 62

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

GeoRank.org/economy/burkina-faso/guatemala | CC BY

The Economic Freedom Index for Burkina Faso is 49.1, ranking 167/197, 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

Burkina Faso Guatemala
Services, % of GDP
43.9%
2024
61.8%
2024
Industry, % of GDP
26.5%
2024
21.7%
2024
Agriculture, forestry, and fishing, % of GDP
20.9%
2024
9.78%
2024
GNI, Atlas method
$20.1B
2024
$106B
2024
GNI per capita, PPP
$2,720
2024
$14,170
2024
Total reserves including gold n/a
$24.4B
2024
Total reserves ranking n/a
57/177
2024
Net foreign direct investment
-$64.3M
2023
-$983M
2024
Net inflows of foreign direct investment
$82.9M
2024
$1.85B
2024
Net outflows of foreign direct investment
$2.73M
2024
$865M
2024
Servicing debt to the IMF, % of GNI
4.07%
2024
1.75%
2024
Poverty at national poverty lines
43.2%
2021
56%
2023
Gross capital formation, % of GDP
21.9%
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/burkina-faso/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 (1985–2001, retrieved 2026-02-20)
  6. TradeMap (2020, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.