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Economy of Cameroon vs Guatemala compared: GDP & Debt

Updated on by Georank team

Cameroon has a GDP of $53.3B compared to $113B for Guatemala, ranking 91/197 and 68/197 by economy size, respectively.

Cameroon has $22.8B in government debt (42.8% of GDP), compared to $29.8B (26.3% of GDP) in Guatemala.

Cameroon vs Guatemala GDP by year

Cameroon
Guatemala
1x
Year GDP, current $
Cameroon Guatemala
2024 $53,296,694,320 $113,199,581,158
2023 $48,814,501,547 $104,368,755,055
2022 $44,347,206,073 $95,641,446,501
2021 $45,011,937,347 $86,455,522,273
2020 $40,773,241,177 $77,719,468,248
2019 $39,667,757,528 $77,172,331,693
2018 $39,955,552,190 $73,328,356,008
2017 $36,098,547,033 $71,653,780,740
2016 $33,814,337,044 $66,053,408,206
2015 $32,210,233,020 $62,186,066,548
2014 $36,386,544,706 $57,852,159,008
2013 $33,728,621,180 $52,996,420,177
2012 $30,155,062,329 $49,593,929,487
2011 $30,630,910,495 $46,876,006,272
2010 $27,507,501,821 $40,676,578,423
2009 $27,932,970,317 $37,126,148,265
2008 $27,715,142,033 $38,503,720,224
2007 $23,928,250,433 $33,567,850,824
2006 $20,910,512,975 $29,744,246,827
2005 $19,509,852,207 $26,783,389,294
2004 $18,826,214,136 $23,577,298,095
2003 $15,970,315,035 $21,576,351,799
2002 $12,417,251,350 $20,444,205,991
2001 $10,953,485,349 $18,405,220,247
2000 $10,566,579,295 $19,288,929,030
1999 $11,565,826,465 $18,318,412,251
1998 $11,298,144,990 $19,395,491,993
1997 $10,789,458,433 $17,790,026,222
1996 $11,093,538,846 $15,674,835,615
1995 $10,864,772,471 $14,655,404,433
1994 $8,902,446,252 $12,983,233,311
1993 $16,181,814,713 $11,400,017,301
1992 $12,071,775,335 $10,440,781,588
1991 $11,840,192,296 $9,406,135,143
1990 $12,314,482,628 $7,650,196,845
1989 $11,012,566,195 $8,410,724,361
1988 $12,236,057,362 $7,841,602,824
1987 $13,049,659,981 $7,084,399,840
1986 $11,857,056,199 $7,231,963,516
1985 $8,544,810,498 $9,721,652,087
1984 $7,311,938,026 $9,470,000,100
1983 $6,870,200,010 $9,050,000,400
1982 $6,611,255,964 $8,716,999,700
1981 $6,610,938,617 $8,607,500,300
1980 $6,674,569,047 $7,878,700,000
1979 $5,919,002,983 $6,902,600,200
1978 $4,662,852,583 $6,070,600,200
1977 $3,394,664,024 $5,480,500,200
1976 $2,898,090,002 $4,365,300,200
1975 $2,857,037,371 $3,645,900,000
1974 $2,157,415,533 $3,161,499,900
1973 $1,901,393,361 $2,569,200,100
1972 $1,498,251,890 $2,101,300,000
1971 $1,236,941,394 $1,984,800,000
1970 $1,151,216,993 $1,904,000,000
1969 $1,100,551,489 $1,715,399,900
1968 $1,046,191,218 $1,610,500,000
1967 $936,175,260 $1,453,500,000
1966 $851,112,535 $1,390,700,000
1965 $814,083,266 $1,331,399,900
1964 $776,650,177 $1,299,099,900
1963 $718,320,845 $1,262,800,000
1962 $694,247,864 $1,143,600,000
1961 $652,777,608 $1,076,699,900
1960 $614,206,068 $1,043,599,900

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

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

GDP per capita in Cameroon vs Guatemala by year

Cameroon
GDP per capita

GDP per capita, PPP
Guatemala
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cameroon Guatemala
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,830 $5,589 $6,150 $14,369
2023 $1,720 $5,411 $5,758 $13,745
2022 $1,605 $5,189 $5,359 $13,014
2021 $1,672 $4,794 $4,913 $11,825
2020 $1,556 $4,365 $4,478 $10,947
2019 $1,555 $4,241 $4,512 $10,756
2018 $1,611 $4,011 $4,353 $9,947
2017 $1,496 $3,767 $4,325 $9,560
2016 $1,442 $3,627 $4,060 $9,201
2015 $1,415 $3,498 $3,894 $8,934
2014 $1,649 $3,422 $3,689 $8,237
2013 $1,576 $3,239 $3,444 $7,700
2012 $1,449 $3,060 $3,287 $7,258
2011 $1,514 $2,989 $3,169 $6,784
2010 $1,399 $2,914 $2,805 $6,510
2009 $1,461 $2,879 $2,612 $6,377
2008 $1,492 $2,870 $2,763 $6,435
2007 $1,326 $2,818 $2,459 $6,238
2006 $1,191 $2,704 $2,225 $5,833
2005 $1,143 $2,598 $2,046 $5,486
2004 $1,133 $2,533 $1,841 $5,263
2003 $988 $2,368 $1,723 $5,081
2002 $790 $2,263 $1,669 $4,969
2001 $715 $2,191 $1,538 $4,822
2000 $709 $2,108 $1,649 $4,715
1999 $796 $2,039 $1,604 $4,557
1998 $799 $1,975 $1,741 $4,437
1997 $783 $1,915 $1,638 $4,287
1996 $827 $1,850 $1,481 $4,143
1995 $832 $1,790 $1,421 $4,055
1994 $701 $1,752 $1,293 $3,886
1993 $1,310 $1,731 $1,166 $3,756
1992 $1,005 $1,890 $1,096 $3,626
1991 $1,015 $1,963 $1,014 $3,473
1990 $1,087 $2,032 $848 $3,330
1989 $1,001 - $958 -
1988 $1,145 - $919 -
1987 $1,258 - $854 -
1986 $1,179 - $896 -
1985 $875 - $1,238 -
1984 $772 - $1,241 -
1983 $746 - $1,220 -
1982 $732 - $1,204 -
1981 $750 - $1,216 -
1980 $784 - $1,142 -
1979 $718 - $1,026 -
1978 $582 - $925 -
1977 $435 - $856 -
1976 $381 - $697 -
1975 $386 - $595 -
1974 $299.9 - $529 -
1973 $271.8 - $441 -
1972 $220.1 - $370 -
1971 $186.7 - $358 -
1970 $178.5 - $353 -
1969 $175.2 - $326 -
1968 $170.8 - $315 -
1967 $156.6 - $291.9 -
1966 $145.8 - $287.3 -
1965 $142.7 - $283 -
1964 $139.2 - $284.2 -
1963 $131.6 - $284.4 -
1962 $130 - $265.2 -
1961 $124.6 - $257.2 -
1960 $119.1 - $256.8 -

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

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

Cameroon's GDP per capita is $1,830, ranking 158/197, compared to $6,150 in Guatemala, ranking 112/197. Adjusted for purchasing power (GDP per capita PPP), Cameroon ranks 156th at $5,589, while Guatemala ranks 116th at $14,369.

Economic indicators

Cameroon Guatemala
Gross domestic product
$53.3B
2024
$113B
2024
GDP rank
91/197
2024
68/197
2024
GDP growth
3.52%
2023-2024
3.65%
2023-2024
GDP per capita
$1,830
2024
$6,150
2024
GDP per capita rank
158/197
2024
112/197
2024
GDP per capita, PPP
$5,589
2024
$14,369
2024
GDP per capita PPP rank
156/197
2024
116/197
2024
Government debt
$22.8B
2024
$29.8B
2024
Debt-to-GDP ratio
42.8%
2024
26.3%
2024
Government debt per person
$784
2024
$1,619
2024
Government debt per person rank
152/185
2024
124/185
2024
Average annual personal income after taxes
$1,578
2026
$4,917
2026
Income share by richest 10%
31.1%
2021
34.1%
2023
Income share by poorest 10%
2.1%
2021
1.6%
2023
Government expenditure, % of GDP
16.7%
2024
13.4%
2024
Consumer prices inflation
4.53%
2023-2024
2.87%
2023-2024
Central bank interest rate n/a
4%
2025
Unemployment rate
3.28%
2021
1.9%
2024
Population
30864115
19049936

Spending and national debt comparison by year

Cameroon
Spending

Debt
Guatemala
Spending

Debt
1x
Year % of GDP
Cameroon Guatemala
Government spending Government debt Government spending Government debt
2024 16.7% 42.8% 13.4% 26.3%
2023 17.1% 43.1% 13.7% 27.2%
2022 17.1% 45.6% 14.3% 29%
2021 17.1% 47.2% 13.5% 30.6%
2020 16.6% 44.9% 15.6% 31.5%
2019 18.7% 41.6% 13.4% 26.4%
2018 18% 38.3% 13.2% 26.4%
2017 19.2% 36.5% 12.8% 25.1%
2016 20.2% 32.1% 12.6% 24.9%
2015 20.1% 31.6% 12.6% 24.8%
2014 20.1% 20.7% 13.6% 24.7%
2013 19.2% 17.5% 14% 25%
2012 17.2% 14.9% 14.2% 24.6%
2011 17.8% 15.9% 14.5% 23.8%
2010 15.2% 14% 14.5% 24%
2009 14.7% 11.3% 14.1% 22.8%
2008 15.9% 11.2% 13.3% 19.6%
2007 13.5% 13.8% 13.9% 20.8%
2006 12.5% 18.4% 14.2% 20.9%
2005 12.4% 43.8% 13.2% 20%
2004 13.4% 51.7% 12.9% 20.6%
2003 13.2% 51.5% 14.4% 19.8%
2002 13.9% 56.6% 13.1% 17.4%
2001 14.6% 62.2% 13.8% 19.1%
2000 14.6% 75.9% 13.6% 18%
1999 - 68.4% 14.6% 22%
1998 - 67.8% 13.2% 19%
1997 - - 11.2% 18.5%
1996 - - 9.85% 19.2%
1995 - - 9.77% 21%

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

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

In 2024, Cameroon's government spending was $8.91B, accounting for 16.7% of its GDP, while Guatemala spent $15.1B, or 13.4% of GDP.

Debt-to-GDP ratio is 42.8% in Cameroon and 26.3% in Guatemala, ranking 125/185 and 161/185, respectively.

Government deficit by year

Deficit/surplus
Cameroon

Guatemala
1x
Year Deficit/surplus, % of GDP
Cameroon Guatemala
2024 -1.48% -0.96%
2023 -0.63% -1.25%
2022 -1.11% -1.7%
2021 -3.01% -1.16%
2020 -3.19% -4.91%
2019 -3.24% -2.24%
2018 -2.41% -1.88%
2017 -4.72% -1.38%
2016 -5.88% -1.11%
2015 -4.25% -1.47%
2014 -4.09% -1.92%
2013 -3.55% -2.16%
2012 -1.4% -2.42%
2011 -2.26% -2.8%
2010 -0.93% -3.28%
2009 -0.04% -3.12%
2008 2% -1.57%
2007 3.87% -1.4%
2006 28.2% -1.88%
2005 3.03% -1.67%
2004 -0.46% -1.05%
2003 0.56% -2.47%
2002 1.51% -1.03%
2001 0.86% -2%
2000 1.54% -1.88%
1999 - -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/cameroon/guatemala | CC BY

In 2024, Cameroon's government deficit, the difference between spending and revenue, was $789M, equivalent to 1.48% of GDP. This compares to Guatemala's deficit of $1.09B, or 0.96% of GDP.

Over the past 25 years, Cameroon recorded a fiscal deficit in 17 of those years, while Guatemala ran a deficit in 25 years. On average, Cameroon posted an annual deficit equal to 0.04% of GDP, compared to deficit of 1.95% of GDP for Guatemala.

Inflation comparison by year

Inflation
Cameroon

Guatemala
1x
Year Consumer prices inflation
Cameroon Guatemala
2024 4.53% 2.87%
2023 7.38% 6.21%
2022 6.25% 6.89%
2021 2.27% 4.26%
2020 2.44% 3.21%
2019 2.45% 3.7%
2018 1.07% 3.75%
2017 0.64% 4.42%
2016 0.87% 4.45%
2015 2.68% 2.39%
2014 1.85% 3.42%
2013 2.05% 4.34%
2012 2.74% 3.78%
2011 2.94% 6.21%
2010 1.28% 3.86%
2009 3.04% 1.86%
2008 5.34% 11.4%
2007 0.92% 6.82%
2006 5.12% 6.56%
2005 2.01% 9.11%
2004 0.23% 7.58%
2003 0.62% 5.6%
2002 2.83% 8.13%
2001 4.42% 7.29%
2000 1.23% 5.98%
1999 1.87% 5.21%
1998 3.17% 6.61%
1997 4.79% 9.23%

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

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

Over the past 28 years, Cameroon has recorded an average annual inflation rate of 2.75%, compared with 5.54% in Guatemala. In 2024, inflation was 4.53% in Cameroon and 2.87% in Guatemala.

Top exports between countries

Cameroon
Export category Export value
Processed food, beverages & tobacco $41K
Guatemala
Export category Export value
Chemicals & pharma $548K
Processed food, beverages & tobacco $489K
Raw materials & minerals $207K
Textiles & consumer goods $2K

Balance of trade

Cameroon Guatemala
Current account balance
-$2.02B
2023
$3.27B
2024
Current account balance ranking
144/190
2023
38/190
2024
Current account balance, % of GDP
-4.14%
2023
+2.89%
2024
Goods imports
$7.74B
2023
$29.1B
2024
Goods exports
$6.34B
2023
$13.3B
2024
Service imports
$2.55B
2023
$6.45B
2024
Service exports
$2.01B
2023
$4.65B
2024
Imports of goods and services, % of GDP
18.7%
2024
31.5%
2024
Exports of goods and services, % of GDP
15.7%
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.

Cameroon Guatemala
Economic freedom 52 63.5
Economic freedom ranking 151/197 79/197
Property rights 28.1 39.1
Government integrity 21 25.2
Judicial effectiveness 10.1 26.1
Tax burden 72.2 91.3
Government spending 91.4 94.3
Fiscal health 94.5 95.9
Business freedom 48.6 65.7
Labor freedom 45.6 52.5
Monetary freedom 75.3 77.3
Trade freedom 57.2 74.6
Investment freedom 30 70
Financial freedom 50 50

Economic freedom comparison by year

Cameroon
Guatemala
1x
Year Economic freedom index
Cameroon Guatemala
2026 52 63.5
2025 52.1 63.4
2024 53.6 62.4
2023 51.9 62.7
2022 52.9 63.2
2021 53.4 64
2020 53.6 64
2019 52.4 62.6
2018 51.9 63.4
2017 51.8 63
2016 54.2 61.8
2015 51.9 60.4
2014 52.6 61.2
2013 52.3 60
2012 51.8 60.9
2011 51.8 61.9
2010 52.3 61
2009 53 59.4
2008 54.3 59.8
2007 55.6 60.5
2006 54.6 59.1
2005 53 59.5
2004 52.3 59.6
2003 52.7 62.3
2002 52.8 62.3
2001 53.3 65.1
2000 49.9 64.3
1999 50.3 66.2
1998 48 65.8
1997 44.6 65.7
1996 45.7 63.7
1995 51.3 62

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

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

The Economic Freedom Index for Cameroon is 52, ranking 151/197, 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

Cameroon Guatemala
Services, % of GDP
50.7%
2024
61.8%
2024
Industry, % of GDP
23.2%
2024
21.7%
2024
Agriculture, forestry, and fishing, % of GDP
18.5%
2024
9.78%
2024
GNI, Atlas method
$49.5B
2024
$106B
2024
GNI per capita, PPP
$5,490
2024
$14,170
2024
Total reserves including gold
$4.88B
2023
$24.4B
2024
Total reserves ranking
103/177
2023
57/177
2024
Net foreign direct investment
-$901M
2023
-$983M
2024
Net inflows of foreign direct investment
$888M
2024
$1.85B
2024
Net outflows of foreign direct investment
$63.4M
2024
$865M
2024
Servicing debt to the IMF, % of GNI
3.2%
2024
1.75%
2024
Poverty at national poverty lines
37.7%
2021
56%
2023
Gross capital formation, % of GDP
18.9%
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/cameroon/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 (1995–2024, 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. TradeMap (2020–2024, 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.