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Economy of Cameroon vs Guyana compared: GDP & Debt

Updated on by Georank team

Cameroon has a GDP of $51.3B compared to $24.8B for Guyana, ranking 92/197 and 119/197 by economy size, respectively.

Cameroon has $21.9B in government debt (39.9% of GDP), compared to $6.03B (27.7% of GDP) in Guyana.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Cameroon
GDP, current $

GDP, constant 2015 $
Guyana
GDP, current $

GDP, constant 2015 $
Year GDP
Cameroon Guyana
Current $ Constant $ Current $ Constant $
1960 $614,206,068 $4,827,329,402 $170,216,241 $1,555,849,244
1961 $652,777,608 $4,884,469,574 $185,849,535 $1,628,811,172
1962 $694,247,864 $5,033,033,600 $194,949,513 $1,646,808,327
1963 $718,320,845 $5,221,397,415 $175,757,894 $1,444,602,377
1964 $776,650,177 $5,406,608,720 $194,774,513 $1,608,713,286
1965 $814,083,266 $5,516,149,517 $213,235,294 $1,778,288,056
1966 $851,112,535 $5,770,717,369 $228,705,882 $1,871,350,740
1967 $936,175,260 $5,141,012,904 $250,176,471 $1,952,073,734
1968 $1,046,191,218 $5,467,278,233 $229,750,000 $1,972,079,124
1969 $1,100,551,489 $5,735,255,756 $249,300,000 $2,110,013,963
1970 $1,151,216,993 $5,912,593,777 $267,800,000 $2,199,804,697
1971 $1,236,941,394 $6,118,334,765 $282,050,000 $2,268,281,337
1972 $1,498,251,890 $6,281,929,449 $285,380,952 $2,193,027,226
1973 $1,901,393,361 $6,618,369,537 $307,047,619 $2,220,324,260
1974 $2,157,415,533 $7,328,802,680 $433,954,545 $2,391,352,284
1975 $2,857,037,371 $8,152,930,849 $494,791,667 $2,594,211,213
1976 $2,898,090,002 $7,704,916,015 $454,440,000 $2,634,081,990
1977 $3,394,664,024 $8,763,561,577 $449,880,000 $2,564,577,004
1978 $4,662,852,583 $10,691,808,462 $507,080,000 $2,518,255,902
1979 $5,919,002,983 $11,337,071,802 $530,440,000 $2,472,028,373
1980 $6,674,569,047 $11,114,265,274 $603,200,000 $2,514,890,619
1981 $6,610,938,617 $13,012,879,895 $570,357,107 $2,552,517,555
1982 $6,611,255,964 $13,990,954,313 $482,000,000 $2,215,837,057
1983 $6,870,200,010 $14,951,689,440 $489,333,333 $2,065,328,835
1984 $7,311,938,026 $16,069,264,314 $437,631,605 $1,961,468,862
1985 $8,544,810,498 $17,364,955,075 $453,488,372 $2,008,537,592
1986 $11,857,056,199 $18,540,851,327 $504,651,140 $1,990,448,658
1987 $13,049,659,981 $18,142,844,102 $354,591,847 $2,008,350,685
1988 $12,236,057,362 $16,723,414,750 $413,799,990 $1,934,171,588
1989 $11,012,566,195 $16,419,195,682 $379,779,390 $1,839,074,818
1990 $12,314,482,628 $15,416,689,238 $396,582,263 $1,782,661,480
1991 $11,840,192,296 $14,829,529,308 $348,533,095 $1,890,652,727
1992 $12,071,775,335 $14,369,813,424 $373,573,141 $2,037,327,406
1993 $16,181,814,713 $13,229,990,256 $454,101,382 $2,203,881,071
1994 $8,902,446,252 $13,478,291,934 $540,874,934 $2,391,925,530
1995 $10,864,772,471 $13,868,353,888 $621,626,786 $2,512,273,985
1996 $11,093,538,846 $14,452,915,010 $705,406,001 $2,712,138,382
1997 $10,789,458,433 $15,107,243,821 $749,138,010 $2,879,766,586
1998 $11,298,144,990 $15,821,141,893 $717,530,683 $2,831,412,296
1999 $11,565,826,465 $16,534,881,735 $694,754,988 $2,915,226,398
2000 $10,566,579,295 $17,168,567,485 $712,667,897 $2,875,468,427
2001 $10,953,485,349 $17,910,981,186 $712,167,450 $2,941,015,353
2002 $12,417,251,350 $18,712,860,619 $726,131,435 $2,974,326,086
2003 $15,970,315,035 $19,733,301,669 $743,063,950 $2,955,521,641
2004 $18,826,214,136 $21,124,275,033 $787,814,379 $3,001,726,851
2005 $19,509,852,207 $21,594,980,960 $824,880,550 $2,943,164,433
2006 $20,910,512,975 $22,417,659,743 $2,379,817,991 $3,094,137,271
2007 $23,928,250,433 $23,387,803,923 $2,730,971,595 $3,316,643,991
2008 $27,715,142,033 $24,053,813,244 $3,025,187,433 $3,374,858,506
2009 $27,932,970,317 $24,674,221,649 $3,165,663,153 $3,496,741,807
2010 $27,507,501,821 $25,389,533,435 $3,432,912,517 $3,641,452,425
2011 $30,630,910,495 $26,247,499,414 $3,691,384,318 $3,830,671,453
2012 $30,155,062,329 $27,461,703,152 $4,063,088,536 $4,032,790,344
2013 $33,728,621,180 $28,833,560,541 $4,167,800,929 $4,180,123,674
2014 $36,386,544,706 $30,482,787,768 $4,127,660,152 $4,250,621,228
2015 $32,210,233,020 $32,210,233,020 $4,279,840,194 $4,279,840,194
2016 $33,814,337,044 $33,671,222,913 $4,482,697,337 $4,442,793,237
2017 $36,098,547,033 $34,863,580,363 $4,748,174,334 $4,608,708,975
2018 $39,955,552,190 $36,242,614,249 $4,787,636,998 $4,813,377,726
2019 $39,667,757,528 $37,502,066,833 $5,173,760,192 $5,071,030,136
2020 $40,773,241,177 $37,599,547,049 $5,471,256,595 $7,275,896,377
2021 $45,011,937,347 $38,854,942,335 $8,041,362,110 $8,735,441,013
2022 $44,347,206,073 $40,306,867,605 $14,718,388,489 $14,268,000,638
2023 $49,279,410,983 $41,616,173,715 $16,918,503,597 $19,089,873,040
2024 $51,326,764,685 $43,143,796,435 $24,835,899,826 $27,369,534,584

Economic indicators

Cameroon Guyana
Gross domestic product
$51.3B
2024
$24.8B
2024
GDP rank
92/197
2024
119/197
2024
GDP growth
4.15%
2023-2024
46.8%
2023-2024
GDP per capita
$1,762
2024
$29,884
2024
GDP per capita rank
159/197
2024
42/197
2024
GDP per capita, PPP
$5,591
2024
$79,906
2024
Government debt
$21.9B
2024
$6.03B
2024
Debt-to-GDP ratio
39.9%
2025
27.7%
2025
Government debt per person
$752
2024
$7,252
2024
Government debt per person rank
152/185
2024
67/185
2024
Average annual personal income after taxes
$1,492
2025
$13,265
2025
Income share by richest 10%
31.1%
2021
34.4%
1998
Income share by poorest 10%
2.1%
2021
1.1%
1998
Government expenditure, % of GDP
16.3%
2025
24.3%
2025
Consumer prices inflation
4.53%
2023-2024
3.6%
2024-2025
Unemployment rate
3.28%
2021
13.2%
2019
Population
30491011
839919

GDP per capita in Cameroon vs Guyana

Cameroon's GDP per capita is $1,762, ranking 159/197, compared to $29,884 in Guyana, ranking 42/197. Adjusted for purchasing power (GDP per capita PPP), Cameroon ranks 155th at $5,591, while Guyana ranks 13th at $79,906.

Cameroon
GDP per capita

GDP per capita, PPP
Guyana
GDP per capita

GDP per capita, PPP
Year Current $
Cameroon Guyana
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $119.1 - $299.1 -
1961 $124.6 - $319 -
1962 $130 - $327 -
1963 $131.6 - $288.8 -
1964 $139.2 - $313 -
1965 $142.7 - $336 -
1966 $145.8 - $353 -
1967 $156.6 - $378 -
1968 $170.8 - $340 -
1969 $175.2 - $361 -
1970 $178.5 - $381 -
1971 $186.7 - $396 -
1972 $220.1 - $395 -
1973 $271.8 - $421 -
1974 $299.9 - $588 -
1975 $386 - $664 -
1976 $381 - $604 -
1977 $435 - $593 -
1978 $582 - $663 -
1979 $718 - $689 -
1980 $784 - $779 -
1981 $750 - $735 -
1982 $732 - $621 -
1983 $746 - $631 -
1984 $772 - $565 -
1985 $875 - $588 -
1986 $1,179 - $657 -
1987 $1,258 - $464 -
1988 $1,145 - $545 -
1989 $1,001 - $503 -
1990 $1,087 $2,032 $529 $3,022
1991 $1,015 $1,963 $466 $3,322
1992 $1,005 $1,890 $498 $3,651
1993 $1,310 $1,731 $603 $4,027
1994 $701 $1,752 $716 $4,447
1995 $832 $1,790 $820 $4,753
1996 $827 $1,850 $928 $5,210
1997 $783 $1,915 $983 $5,615
1998 $799 $1,975 $940 $5,573
1999 $796 $2,039 $909 $5,812
2000 $709 $2,108 $932 $5,860
2001 $715 $2,191 $932 $6,131
2002 $790 $2,263 $951 $6,304
2003 $988 $2,368 $974 $6,392
2004 $1,133 $2,533 $1,033 $6,673
2005 $1,143 $2,598 $1,084 $6,761
2006 $1,191 $2,704 $3,136 $7,346
2007 $1,326 $2,818 $3,608 $8,110
2008 $1,492 $2,870 $4,009 $8,437
2009 $1,461 $2,879 $4,209 $8,824
2010 $1,399 $2,914 $4,582 $9,337
2011 $1,514 $2,989 $4,947 $10,066
2012 $1,449 $3,060 $5,444 $10,627
2013 $1,576 $3,239 $5,557 $11,200
2014 $1,649 $3,422 $5,473 $11,145
2015 $1,415 $3,498 $5,640 $11,408
2016 $1,442 $3,627 $5,871 $11,516
2017 $1,496 $3,767 $6,179 $12,243
2018 $1,611 $4,011 $6,048 $12,443
2019 $1,555 $4,241 $6,406 $13,241
2020 $1,556 $4,365 $6,776 $16,819
2021 $1,672 $4,794 $9,861 $22,866
2022 $1,605 $5,189 $17,913 $39,711
2023 $1,737 $5,406 $20,474 $54,729
2024 $1,762 $5,591 $29,884 $79,906

Spending and national debt comparison

In 2024, Cameroon's government spending was $8.52B, accounting for 16.3% of its GDP, while Guyana's spent $5.77B, or 24.3% of GDP.

Debt-to-GDP ratio is 39.9% in Cameroon and 27.7% in Guyana, ranking 136/185 and 163/185, respectively.

Cameroon
Government spending

Government debt
Guyana
Government spending

Government debt
Year % of GDP
Cameroon Guyana
Government spending Government debt Government spending Government debt
1997 - - 20.9% 101.3%
1998 - 67.8% 19.7% 108%
1999 - 68.4% 17.6% 97.1%
2000 14.6% 75.9% 22.9% 97.2%
2001 14.6% 62.2% 24% 104.6%
2002 13.9% 56.6% 23.1% 105.1%
2003 13.2% 51.5% 23.5% 95.6%
2004 13.4% 51.7% 23.7% 91.8%
2005 12.4% 43.8% 28.4% 90.7%
2006 12.5% 18.4% 29% 74.5%
2007 13.5% 13.8% 25.5% 47%
2008 15.9% 11.2% 24.1% 47.6%
2009 14.7% 11.3% 25.4% 51.7%
2010 15.2% 14% 23.9% 52.5%
2011 17.8% 15% 23.5% 51.2%
2012 17.2% 14.9% 21.8% 44.3%
2013 19.2% 17.5% 21.4% 41.1%
2014 20.1% 20.7% 23.1% 38.3%
2015 20.1% 31.6% 21.7% 41.8%
2016 20.2% 32.1% 25.2% 43.8%
2017 19.2% 36.5% 26.3% 42.9%
2018 18% 38.3% 27.6% 47%
2019 18.7% 41.6% 28.1% 43.6%
2020 16.6% 44.9% 30.5% 51.1%
2021 17.1% 47.2% 24.8% 41.2%
2022 17.1% 45.6% 20.3% 24.8%
2023 17.1% 43.2% 23.7% 26.7%
2024 16.6% 42.7% 23.2% 24.3%
2025 16.3% 39.9% 24.3% 27.7%

Government deficit by year

In 2024, Cameroon's government deficit, the difference between spending and revenue, was -$307M, equivalent to -0.6% of GDP. This compares to Guyana's deficit of -$1.83B, or -7.35% of GDP.

Over the past 25 years, Cameroon recorded a fiscal deficit in 17 of those years, while Guyana ran a deficit in 25 years. On average, Cameroon posted an annual deficit equal to -0.007% of GDP, compared to deficit of -3.83% of GDP for Guyana.

Deficit/surplus
Cameroon

Guyana
Year Deficit/surplus, % of GDP
Cameroon Guyana
1997 - -1.7%
1998 - -2.67%
1999 - -0.47%
2000 1.54% -2.27%
2001 0.86% -3.71%
2002 1.51% -2.42%
2003 0.56% -4.81%
2004 -0.46% -2.88%
2005 3.03% -6.54%
2006 28.2% -6.16%
2007 3.87% -3.35%
2008 2% -2.78%
2009 -0.04% -2.5%
2010 -0.93% -1.88%
2011 -2.26% -2.13%
2012 -1.4% -3.11%
2013 -3.55% -2.16%
2014 -4.09% -3.88%
2015 -4.25% -0.75%
2016 -5.88% -3.21%
2017 -4.72% -3.14%
2018 -2.41% -2.52%
2019 -3.24% -2.52%
2020 -3.19% -7.78%
2021 -3.01% -6.94%
2022 -1.11% -5.11%
2023 -0.63% -5.78%
2024 -0.6% -7.35%
2025 -0.84% -4.95%

Inflation comparison by year

Over the past 29 years, Cameroon has recorded an average annual inflation rate of 2.79%, compared with 4.19% in Guyana. In 2024, inflation was 4.53% in Cameroon and 3.6% in Guyana.

Inflation
Cameroon

Guyana
Year Inflation
Cameroon Guyana Cameroon Guyana
1996 3.92% 7.1%
1997 4.79% 3.6%
1998 3.17% 4.6%
1999 1.87% 7.5%
2000 1.23% 6.1%
2001 4.42% 2.6%
2002 2.83% 5.4%
2003 0.62% 6%
2004 0.23% 4.7%
2005 2.01% 6.9%
2006 5.12% 6.7%
2007 0.92% 12.2%
2008 5.34% 8.1%
2009 3.04% 3%
2010 1.28% 4.3%
2011 2.94% 4.4%
2012 2.74% 2.4%
2013 2.05% 1.9%
2014 1.85% 0.7%
2015 2.68% -0.9%
2016 0.87% 0.8%
2017 0.64% 1.9%
2018 1.07% 1.3%
2019 2.45% 2.1%
2020 2.44% 1.2%
2021 2.27% 3.3%
2022 6.25% 6.5%
2023 7.38% 4.5%
2024 4.53% 2.5%
2025 - 3.6%

Top exports between countries

Cameroon
Export category Export value
Machinery & equipment $39K
Guyana
Export category Export value

Balance of trade

Cameroon Guyana
Current account balance
-$2.02B
2023
$2.35B
2023
Current account balance ranking
143/189
2023
41/189
2023
Current account balance, % of GDP
-4.1%
2023
+13.9%
2023
Goods imports
$7.74B
2023
$6B
2023
Goods exports
$6.34B
2023
$13.2B
2023
Service imports
$2.55B
2023
$4.95B
2023
Service exports
$2.01B
2023
$529M
2023
Imports of goods and services, % of GDP
21.1%
2024
109.7%
2005
Exports of goods and services, % of GDP
14.7%
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.

Cameroon Guyana
Economic freedom 52.1 58.2
Economic freedom ranking 149/197 109/197
Property rights 31.3 48.2
Government integrity 20.7 38.6
Judicial effectiveness 10.3 48.3
Tax burden 72.9 76.9
Government spending 91.2 83.6
Fiscal health 92.3 39.7
Business freedom 48.8 71.1
Labor freedom 46.5 76.7
Monetary freedom 73.7 76
Trade freedom 57.2 54
Investment freedom 30 55
Financial freedom 50 30

Economic freedom by year comparison

The Economic Freedom Index for Cameroon is 52.1, ranking 149/197, compared to 58.2 for Guyana, ranking 109/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Cameroon
Guyana
Year Economic freedom index
Cameroon Guyana
1995 51.3 45.7
1996 45.7 50.1
1997 44.6 53.2
1998 48 52.7
1999 50.3 53.3
2000 49.9 52.4
2001 53.3 53.3
2002 52.8 54.3
2003 52.7 50.3
2004 52.3 53
2005 53 56.5
2006 54.6 56.6
2007 55.6 53.7
2008 54.3 48.8
2009 53 48.4
2010 52.3 48.4
2011 51.8 49.4
2012 51.8 51.3
2013 52.3 53.8
2014 52.6 55.7
2015 51.9 55.5
2016 54.2 55.4
2017 51.8 58.5
2018 51.9 58.7
2019 52.4 56.8
2020 53.6 56.2
2021 53.4 57.4
2022 52.9 59.5
2023 51.9 56.9
2024 53.6 57.3
2025 52.1 58.2

More economic indicators

Cameroon Guyana
Services, % of GDP
49.9%
2024
15.3%
2024
Industry, % of GDP
25.6%
2024
74.3%
2024
Agriculture, forestry, and fishing, % of GDP
17.4%
2024
8.02%
2024
GNI, Atlas method
$49B
2024
$16.8B
2024
GNI per capita, PPP
$5,490
2024
$52,320
2024
Total reserves including gold
$4.88B
2023
$1.01B
2024
Total reserves ranking
103/177
2023
141/177
2024
Net foreign direct investment
-$901M
2023
$1.14B
2023
Net inflows of foreign direct investment
$925M
2024
$8.63B
2024
Net outflows of foreign direct investment
$5.56M
2024
$5.7M
2024
Servicing debt to the IMF, % of GNI
3.53%
2023
2.72%
2023
Poverty at national poverty lines
37.7%
2021
35%
2020
Gross capital formation, % of GDP
21.4%
2024
32.3%
2005

GDP per capita map

GDP per capita

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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.