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Economy of Czech Republic vs Guyana compared: GDP & Debt

Updated on by Georank team

The Czech Republic has a GDP of $345B compared to $24.8B for Guyana, ranking 45/197 and 119/197 by economy size, respectively.

The Czech Republic has $148B in government debt (44.2% 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.

Czech Republic
GDP, current $

GDP, constant 2015 $
Guyana
GDP, current $

GDP, constant 2015 $
Year GDP
Czech Republic Guyana
Current $ Constant $ Current $ Constant $
1960 - - $170,216,241 $1,555,849,244
1961 - - $185,849,535 $1,628,811,172
1962 - - $194,949,513 $1,646,808,327
1963 - - $175,757,894 $1,444,602,377
1964 - - $194,774,513 $1,608,713,286
1965 - - $213,235,294 $1,778,288,056
1966 - - $228,705,882 $1,871,350,740
1967 - - $250,176,471 $1,952,073,734
1968 - - $229,750,000 $1,972,079,124
1969 - - $249,300,000 $2,110,013,963
1970 - - $267,800,000 $2,199,804,697
1971 - - $282,050,000 $2,268,281,337
1972 - - $285,380,952 $2,193,027,226
1973 - - $307,047,619 $2,220,324,260
1974 - - $433,954,545 $2,391,352,284
1975 - - $494,791,667 $2,594,211,213
1976 - - $454,440,000 $2,634,081,990
1977 - - $449,880,000 $2,564,577,004
1978 - - $507,080,000 $2,518,255,902
1979 - - $530,440,000 $2,472,028,373
1980 - - $603,200,000 $2,514,890,619
1981 - - $570,357,107 $2,552,517,555
1982 - - $482,000,000 $2,215,837,057
1983 - - $489,333,333 $2,065,328,835
1984 - - $437,631,605 $1,961,468,862
1985 - - $453,488,372 $2,008,537,592
1986 - - $504,651,140 $1,990,448,658
1987 - - $354,591,847 $2,008,350,685
1988 - - $413,799,990 $1,934,171,588
1989 - - $379,779,390 $1,839,074,818
1990 $41,016,881,802 $122,972,963,913 $396,582,263 $1,782,661,480
1991 $30,071,014,282 $108,689,725,031 $348,533,095 $1,890,652,727
1992 $35,051,065,440 $108,139,165,551 $373,573,141 $2,037,327,406
1993 $41,155,654,032 $108,206,108,282 $454,101,382 $2,203,881,071
1994 $48,188,478,339 $111,354,158,853 $540,874,934 $2,391,925,530
1995 $60,572,381,311 $118,281,953,160 $621,626,786 $2,512,273,985
1996 $67,804,105,330 $123,212,636,053 $705,406,001 $2,712,138,382
1997 $62,539,765,163 $122,478,487,836 $749,138,010 $2,879,766,586
1998 $67,187,217,328 $121,996,963,424 $717,530,683 $2,831,412,296
1999 $65,586,562,605 $123,678,521,512 $694,754,988 $2,915,226,398
2000 $62,175,642,238 $128,638,858,401 $712,667,897 $2,875,468,427
2001 $68,135,304,464 $132,391,536,300 $712,167,450 $2,941,015,353
2002 $82,607,869,610 $134,395,228,572 $726,131,435 $2,974,326,086
2003 $100,435,924,705 $138,831,395,778 $743,063,950 $2,955,521,641
2004 $120,147,899,984 $145,406,922,288 $787,814,379 $3,001,726,851
2005 $137,264,185,596 $154,676,655,550 $824,880,550 $2,943,164,433
2006 $156,236,258,387 $164,921,158,025 $2,379,817,991 $3,094,137,271
2007 $190,040,702,287 $173,973,393,346 $2,730,971,595 $3,316,643,991
2008 $236,506,264,754 $178,518,044,754 $3,025,187,433 $3,374,858,506
2009 $206,971,882,705 $169,952,170,271 $3,165,663,153 $3,496,741,807
2010 $211,168,667,286 $174,565,802,522 $3,432,912,517 $3,641,452,425
2011 $231,429,378,717 $177,659,773,383 $3,691,384,318 $3,830,671,453
2012 $210,363,223,088 $176,290,606,022 $4,063,088,536 $4,032,790,344
2013 $213,024,360,541 $176,216,894,660 $4,167,800,929 $4,180,123,674
2014 $210,911,285,078 $180,173,337,875 $4,127,660,152 $4,250,621,228
2015 $189,107,698,562 $189,107,698,562 $4,279,840,194 $4,279,840,194
2016 $198,160,659,304 $193,988,322,685 $4,482,697,337 $4,442,793,237
2017 $221,563,575,696 $204,024,435,233 $4,748,174,334 $4,608,708,975
2018 $251,992,360,762 $209,798,950,825 $4,787,636,998 $4,813,377,726
2019 $256,794,209,029 $217,279,912,682 $5,173,760,192 $5,071,030,136
2020 $251,109,660,603 $205,753,475,018 $5,471,256,595 $7,275,896,377
2021 $290,972,714,482 $214,043,320,221 $8,041,362,110 $8,735,441,013
2022 $301,831,228,326 $220,137,498,831 $14,718,388,489 $14,268,000,638
2023 $343,206,568,135 $220,015,846,842 $16,918,503,597 $19,089,873,040
2024 $345,036,675,975 $222,480,870,567 $24,835,899,826 $27,369,534,584

Economic indicators

Czech Republic Guyana
Gross domestic product
$345B
2024
$24.8B
2024
GDP rank
45/197
2024
119/197
2024
GDP growth
0.53%
2023-2024
46.8%
2023-2024
GDP per capita
$31,707
2024
$29,884
2024
GDP per capita rank
39/197
2024
42/197
2024
GDP per capita, PPP
$56,806
2024
$79,906
2024
Government debt
$148B
2024
$6.03B
2024
Debt-to-GDP ratio
44.2%
2025
27.7%
2025
Government debt per person
$13,630
2024
$7,252
2024
Government debt per person rank
43/185
2024
67/185
2024
Average annual personal income after taxes
$21,451
2025
$13,265
2025
Market capitalization of domestic companies
$34.6B
2024
n/a
Number of billionaires
11
2025
n/a
Income share by richest 10%
21.5%
2023
34.4%
1998
Income share by poorest 10%
3.8%
2023
1.1%
1998
Government expenditure, % of GDP
43.3%
2025
24.3%
2025
Consumer prices inflation
2.44%
2023-2024
3.6%
2024-2025
Central bank interest rate
3.5%
2025
n/a
Unemployment rate
2.6%
2024
13.2%
2019
Population
10753822
839919

GDP per capita in Czech Republic vs Guyana

The Czech Republic's GDP per capita is $31,707, ranking 39/197, compared to $29,884 in Guyana, ranking 42/197. Adjusted for purchasing power (GDP per capita PPP), the Czech Republic ranks 34th at $56,806, while Guyana ranks 13th at $79,906.

Czech Republic
GDP per capita

GDP per capita, PPP
Guyana
GDP per capita

GDP per capita, PPP
Year Current $
Czech Republic Guyana
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 - - $299.1 -
1961 - - $319 -
1962 - - $327 -
1963 - - $288.8 -
1964 - - $313 -
1965 - - $336 -
1966 - - $353 -
1967 - - $378 -
1968 - - $340 -
1969 - - $361 -
1970 - - $381 -
1971 - - $396 -
1972 - - $395 -
1973 - - $421 -
1974 - - $588 -
1975 - - $664 -
1976 - - $604 -
1977 - - $593 -
1978 - - $663 -
1979 - - $689 -
1980 - - $779 -
1981 - - $735 -
1982 - - $621 -
1983 - - $631 -
1984 - - $565 -
1985 - - $588 -
1986 - - $657 -
1987 - - $464 -
1988 - - $545 -
1989 - - $503 -
1990 $3,969 $12,806 $529 $3,022
1991 $2,917 $11,730 $466 $3,322
1992 $3,397 $11,924 $498 $3,651
1993 $3,984 $12,201 $603 $4,027
1994 $4,663 $12,820 $716 $4,447
1995 $5,865 $13,948 $820 $4,753
1996 $6,573 $14,775 $928 $5,210
1997 $6,069 $14,908 $983 $5,615
1998 $6,527 $15,063 $940 $5,573
1999 $6,378 $15,494 $909 $5,812
2000 $6,063 $16,329 $932 $5,860
2001 $6,669 $17,711 $932 $6,131
2002 $8,101 $18,344 $951 $6,304
2003 $9,852 $19,607 $974 $6,392
2004 $11,783 $20,991 $1,033 $6,673
2005 $13,442 $22,115 $1,084 $6,761
2006 $15,259 $23,919 $3,136 $7,346
2007 $18,453 $26,269 $3,608 $8,110
2008 $22,775 $27,938 $4,009 $8,437
2009 $19,817 $27,699 $4,209 $8,824
2010 $20,160 $28,157 $4,582 $9,337
2011 $22,049 $29,237 $4,947 $10,066
2012 $20,014 $29,466 $5,444 $10,627
2013 $20,260 $31,013 $5,557 $11,200
2014 $20,038 $32,743 $5,473 $11,145
2015 $17,932 $34,102 $5,640 $11,408
2016 $18,754 $36,445 $5,871 $11,516
2017 $20,913 $39,346 $6,179 $12,243
2018 $23,706 $41,638 $6,048 $12,443
2019 $24,063 $45,614 $6,406 $13,241
2020 $23,473 $44,839 $6,776 $16,819
2021 $27,696 $47,796 $9,861 $22,866
2022 $28,282 $51,710 $17,913 $39,711
2023 $31,591 $53,217 $20,474 $54,729
2024 $31,707 $56,806 $29,884 $79,906

Spending and national debt comparison

In 2024, the Czech Republic's government spending was $148B, accounting for 43.3% of its GDP, while Guyana's spent $5.77B, or 24.3% of GDP.

Debt-to-GDP ratio is 44.2% in the Czech Republic and 27.7% in Guyana, ranking 119/185 and 163/185, respectively.

Czech Republic
Government spending

Government debt
Guyana
Government spending

Government debt
Year % of GDP
Czech Republic Guyana
Government spending Government debt Government spending Government debt
1995 52.8% 13.5% - -
1996 41.4% 11.5% - -
1997 41.3% 12.1% 20.9% 101.3%
1998 41.6% 13.9% 19.7% 108%
1999 40.9% 15.1% 17.6% 97.1%
2000 40.6% 16.9% 22.9% 97.2%
2001 43.1% 22.6% 24% 104.6%
2002 44.4% 25.7% 23.1% 105.1%
2003 49% 28.1% 23.5% 95.6%
2004 42.2% 28.3% 23.7% 91.8%
2005 42.3% 27.7% 28.4% 90.7%
2006 41.5% 27.6% 29% 74.5%
2007 40.5% 27.3% 25.5% 47%
2008 40.9% 28.2% 24.1% 47.6%
2009 44.5% 33.4% 25.4% 51.7%
2010 43.2% 36.7% 23.9% 52.5%
2011 42.8% 39.4% 23.5% 51.2%
2012 44.4% 43.8% 21.8% 44.3%
2013 42.4% 44.1% 21.4% 41.1%
2014 42.3% 41.5% 23.1% 38.3%
2015 41.7% 39.5% 21.7% 41.8%
2016 39.4% 36.2% 25.2% 43.8%
2017 38.5% 33.8% 26.3% 42.9%
2018 40.1% 31.7% 27.6% 47%
2019 40.4% 29.6% 28.1% 43.6%
2020 46.3% 36.9% 30.5% 51.1%
2021 45% 40.7% 24.8% 41.2%
2022 43% 42.5% 20.3% 24.8%
2023 43.9% 42.4% 23.7% 26.7%
2024 43% 43% 23.2% 24.3%
2025 43.3% 44.2% 24.3% 27.7%

Government deficit by year

In 2024, the Czech Republic's government deficit, the difference between spending and revenue, was -$7.63B, equivalent to -2.21% of GDP. This compares to Guyana's deficit of -$1.83B, or -7.35% of GDP.

Over the past 28 years, the Czech Republic recorded a fiscal deficit in 24 of those years, while Guyana ran a deficit in 28 years. On average, the Czech Republic posted an annual deficit equal to -2.85% of GDP, compared to deficit of -3.59% of GDP for Guyana.

Deficit/surplus
Czech Republic

Guyana
Year Deficit/surplus, % of GDP
Czech Republic Guyana
1995 -12.3% -
1996 -2.98% -
1997 -3.14% -1.7%
1998 -4.14% -2.67%
1999 -3.08% -0.47%
2000 -3.55% -2.27%
2001 -5.76% -3.71%
2002 -6.34% -2.42%
2003 -6.87% -4.81%
2004 -2.4% -2.88%
2005 -3.06% -6.54%
2006 -2.19% -6.16%
2007 -0.68% -3.35%
2008 -2% -2.78%
2009 -5.46% -2.5%
2010 -4.14% -1.88%
2011 -2.71% -2.13%
2012 -3.92% -3.11%
2013 -1.3% -2.16%
2014 -2.09% -3.88%
2015 -0.67% -0.75%
2016 0.68% -3.21%
2017 1.46% -3.14%
2018 0.88% -2.52%
2019 0.28% -2.52%
2020 -5.65% -7.78%
2021 -4.95% -6.94%
2022 -3.07% -5.11%
2023 -3.78% -5.78%
2024 -2.21% -7.35%
2025 -2.56% -4.95%

Inflation comparison by year

Over the past 29 years, the Czech Republic has recorded an average annual inflation rate of 3.8%, compared with 4.19% in Guyana. In 2024, inflation was 2.44% in the Czech Republic and 3.6% in Guyana.

Inflation
Czech Republic

Guyana
Year Inflation
Czech Republic Guyana Czech Republic Guyana
1996 8.76% 7.1%
1997 8.6% 3.6%
1998 10.7% 4.6%
1999 2.14% 7.5%
2000 3.78% 6.1%
2001 4.66% 2.6%
2002 1.9% 5.4%
2003 0.12% 6%
2004 2.76% 4.7%
2005 1.86% 6.9%
2006 2.53% 6.7%
2007 2.85% 12.2%
2008 6.36% 8.1%
2009 1.02% 3%
2010 1.47% 4.3%
2011 1.92% 4.4%
2012 3.29% 2.4%
2013 1.44% 1.9%
2014 0.34% 0.7%
2015 0.31% -0.9%
2016 0.68% 0.8%
2017 2.45% 1.9%
2018 2.15% 1.3%
2019 2.85% 2.1%
2020 3.16% 1.2%
2021 3.84% 3.3%
2022 15.1% 6.5%
2023 10.7% 4.5%
2024 2.44% 2.5%
2025 - 3.6%

Top exports between countries

Czech Republic
Export category Export value
Machinery & equipment $1.17M
Textiles & consumer goods $577K
Chemicals & pharma $136K
Animal & marine products $104K
Weapons & explosives $80K
Wood & paper products $39K
Raw materials & minerals $21K
Metals $3K
Guyana
Export category Export value
Raw agricultural goods $342K
Machinery & equipment $5K
Animal & marine products $2K

Balance of trade

Czech Republic Guyana
Current account balance
$6.05B
2024
$2.35B
2023
Current account balance ranking
31/189
2024
41/189
2023
Current account balance, % of GDP
+1.75%
2024
+13.9%
2023
Goods imports
$179B
2024
$6B
2023
Goods exports
$197B
2024
$13.2B
2023
Service imports
$38B
2024
$4.95B
2023
Service exports
$42.5B
2024
$529M
2023
Imports of goods and services, % of GDP
62.7%
2024
109.7%
2005
Exports of goods and services, % of GDP
69.2%
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.

Czech Republic Guyana
Economic freedom 72.9 58.2
Economic freedom ranking 25/197 109/197
Property rights 89.9 48.2
Government integrity 62.8 38.6
Judicial effectiveness 92 48.3
Tax burden 78.9 76.9
Government spending 42.2 83.6
Fiscal health 71.5 39.7
Business freedom 81.4 71.1
Labor freedom 57.9 76.7
Monetary freedom 68.9 76
Trade freedom 79.6 54
Investment freedom 70 55
Financial freedom 80 30

Economic freedom by year comparison

The Economic Freedom Index for the Czech Republic is 72.9, ranking 25/197, compared to 58.2 for Guyana, ranking 109/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Czech Republic
Guyana
Year Economic freedom index
Czech Republic Guyana
1995 67.8 45.7
1996 68.1 50.1
1997 68.8 53.2
1998 68.4 52.7
1999 69.7 53.3
2000 68.6 52.4
2001 70.2 53.3
2002 66.5 54.3
2003 67.5 50.3
2004 67 53
2005 64.6 56.5
2006 66.4 56.6
2007 67.4 53.7
2008 68.1 48.8
2009 69.4 48.4
2010 69.8 48.4
2011 70.4 49.4
2012 69.9 51.3
2013 70.9 53.8
2014 72.2 55.7
2015 72.5 55.5
2016 73.2 55.4
2017 73.3 58.5
2018 74.2 58.7
2019 73.7 56.8
2020 74.8 56.2
2021 73.8 57.4
2022 74.4 59.5
2023 71.9 56.9
2024 70.2 57.3
2025 72.9 58.2

More economic indicators

Czech Republic Guyana
Services, % of GDP
59.5%
2024
15.3%
2024
Industry, % of GDP
30.2%
2024
74.3%
2024
Agriculture, forestry, and fishing, % of GDP
1.5%
2024
8.02%
2024
GNI, Atlas method
$317B
2024
$16.8B
2024
GNI per capita, PPP
$54,340
2024
$52,320
2024
Total reserves including gold
$146B
2024
$1.01B
2024
Total reserves ranking
22/177
2024
141/177
2024
Net foreign direct investment
-$1.87B
2024
$1.14B
2023
Net inflows of foreign direct investment
$13.1B
2024
$8.63B
2024
Net outflows of foreign direct investment
$11.2B
2024
$5.7M
2024
Servicing debt to the IMF, % of GNI
n/a
2.72%
2023
Poverty at national poverty lines
10.2%
2021
35%
2020
Gross capital formation, % of GDP
26%
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.