Skip to content

Guatemala economy ranking: GDP & GDP per capita, debt

Updated on by Georank

Guatemala ranked 67/197 by economy size with a GDP of $123B and 108/197 by GDP per capita at $6,598. Guatemala has $33.5B in government debt, with a debt-to-GDP ratio of 27.2%.

In 2025, Guatemala made up 0.1% of the world's economy, compared to 0.08% in 1960.

Guatemala GDP & GDP growth by year

GDP, current $
Real growth
1x
Year GDP GDP growth
2025 $123,306,008,821 4.28%
2024 $113,215,575,151 3.72%
2023 $104,298,081,429 3.52%
2022 $95,609,727,056 4.15%
2021 $86,455,522,273 8.04%
2020 $77,719,468,248 -1.79%
2019 $77,172,331,693 4.02%
2018 $73,328,356,008 3.41%
2017 $71,653,780,740 3.08%
2016 $66,053,408,206 2.68%
2015 $62,186,066,548 4.09%
2014 $57,852,159,008 4.44%
2013 $52,996,420,177 3.69%
2012 $49,593,929,487 2.97%
2011 $46,876,006,272 4.16%
2010 $40,676,578,423 2.88%
2009 $37,126,148,265 0.48%
2008 $38,503,720,224 3.29%
2007 $33,567,850,824 6.34%
2006 $29,744,246,827 5.35%
2005 $26,783,389,294 3.28%
2004 $23,577,298,095 3.14%
2003 $21,576,351,799 2.56%
2002 $20,444,205,991 3.84%
2001 $18,405,220,247 2.33%
2000 $19,288,929,030 3.61%
1999 $18,318,412,251 3.85%
1998 $19,395,491,993 4.99%
1997 $17,790,026,222 4.36%
1996 $15,674,835,615 2.96%
1995 $14,655,404,433 4.95%
1994 $12,983,233,311 4.03%
1993 $11,400,017,301 3.93%
1992 $10,440,781,588 4.84%
1991 $9,406,135,143 3.66%
1990 $7,650,196,845 3.1%
1989 $8,410,724,361 3.94%
1988 $7,841,602,824 3.89%
1987 $7,084,399,840 3.54%
1986 $7,231,963,516 0.14%
1985 $9,721,652,087 -0.61%
1984 $9,470,000,100 0.5%
1983 $9,050,000,400 -2.57%
1982 $8,716,999,700 -3.53%
1981 $8,607,500,300 0.65%
1980 $7,878,700,000 3.76%
1979 $6,902,600,200 4.71%
1978 $6,070,600,200 5%
1977 $5,480,500,200 7.81%
1976 $4,365,300,200 7.39%
1975 $3,645,900,000 1.95%
1974 $3,161,499,900 6.38%
1973 $2,569,200,100 6.78%
1972 $2,101,300,000 7.33%
1971 $1,984,800,000 5.58%
1970 $1,904,000,000 5.71%
1969 $1,715,399,900 4.74%
1968 $1,610,500,000 8.77%
1967 $1,453,500,000 4.11%
1966 $1,390,700,000 5.51%
1965 $1,331,399,900 4.36%
1964 $1,299,099,900 4.63%
1963 $1,262,800,000 9.54%
1962 $1,143,600,000 3.54%
1961 $1,076,699,900 4.3%
1960 $1,043,599,900 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/guatemala | CC BY

Guatemala GDP per capita by year

GDP per capita
GDP per capita, PPP
1x
Year Current $
GDP per capita GDP per capita, PPP
2025 $6,598 -
2024 $6,151 $14,369
2023 $5,754 $13,745
2022 $5,357 $13,014
2021 $4,913 $11,825
2020 $4,478 $10,947
2019 $4,512 $10,756
2018 $4,353 $9,947
2017 $4,325 $9,560
2016 $4,060 $9,201
2015 $3,894 $8,934
2014 $3,689 $8,237
2013 $3,444 $7,700
2012 $3,287 $7,258
2011 $3,169 $6,784
2010 $2,805 $6,510
2009 $2,612 $6,377
2008 $2,763 $6,435
2007 $2,459 $6,238
2006 $2,225 $5,833
2005 $2,046 $5,486
2004 $1,841 $5,263
2003 $1,723 $5,081
2002 $1,669 $4,969
2001 $1,538 $4,822
2000 $1,649 $4,715
1999 $1,604 $4,557
1998 $1,741 $4,437
1997 $1,638 $4,287
1996 $1,481 $4,143
1995 $1,421 $4,055
1994 $1,293 $3,886
1993 $1,166 $3,756
1992 $1,096 $3,626
1991 $1,014 $3,473
1990 $848 $3,330
1989 $958 -
1988 $919 -
1987 $854 -
1986 $896 -
1985 $1,238 -
1984 $1,241 -
1983 $1,220 -
1982 $1,204 -
1981 $1,216 -
1980 $1,142 -
1979 $1,026 -
1978 $925 -
1977 $856 -
1976 $697 -
1975 $595 -
1974 $529 -
1973 $441 -
1972 $370 -
1971 $358 -
1970 $353 -
1969 $326 -
1968 $315 -
1967 $291.9 -
1966 $287.3 -
1965 $283 -
1964 $284.2 -
1963 $284.4 -
1962 $265.2 -
1961 $257.2 -
1960 $256.8 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/guatemala | CC BY

Guatemala has a GDP per capita of $6,598, ranking 108/197, a GDP per capita based on purchasing power parity (PPP) of $14,369, ranking 116/197, and a median annual after tax income of $4,432, ranking 114/197.

Guatemala GDP rankings by year

GDP
GDP per capita
GDP per capita, PPP
1x
Year Rank
GDP GDP per capita GDP per capita, PPP
2025 65 98 -
2024 68 108 107
2023 68 109 112
2022 67 109 112
2021 67 107 112
2020 68 107 111
2019 69 113 115
2018 71 115 115
2017 71 114 118
2016 70 114 118
2015 70 117 120
2014 76 123 123
2013 79 128 123
2012 78 128 122
2011 82 129 123
2010 83 129 122
2009 81 124 123
2008 80 126 122
2007 78 123 121
2006 78 121 121
2005 77 114 114
2004 75 114 111
2003 72 113 110
2002 71 106 109
2001 72 106 108
2000 69 101 107
1999 71 99 106
1998 72 101 104
1997 73 101 104
1996 72 104 100
1995 72 104 101
1994 72 102 101
1993 74 105 102
1992 76 105 101
1991 80 112 104
1990 86 122 104
1989 73 98 -
1988 75 98 -
1987 75 102 -
1986 68 92 -
1985 62 79 -
1984 62 82 -
1983 62 82 -
1982 64 83 -
1981 65 83 -
1980 66 85 -
1979 64 81 -
1978 62 78 -
1977 63 77 -
1976 64 76 -
1975 66 84 -
1974 67 88 -
1973 68 84 -
1972 67 84 -
1971 65 81 -
1970 64 75 -
1969 63 62 -
1968 60 58 -
1967 60 63 -
1966 58 61 -
1965 59 60 -
1964 59 55 -
1963 56 56 -
1962 57 55 -
1961 57 55 -
1960 57 53 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/guatemala | CC BY

Compared with 2000, in 2025 Guatemala is ranked 65th out of 179 by GDP (up from 69th), 98th by GDP per capita (up from 101st), and 107th by GDP per capita PPP (unchanged from 107th).

Economic indicators

Guatemala Rank
Gross domestic product
$123B
2025
67/197
GDP growth
4.28%
2024-2025
67/194
GDP per capita
$6,598
2025
108/197
GDP per capita, PPP
$14,369
2024
116/197
Government debt
$33.5B
2025
89/185
Debt-to-GDP ratio
27.2%
2025
163/185
Government debt per person
$1,793
2025
122/185
Average annual personal income after taxes
$4,432
2026
114/197
Income share by richest 10%
34.1%
2023
22/169
Income share by poorest 10%
1.6%
2023
157/169
Government expenditure, % of GDP
14.7%
2025
185/195
Consumer prices inflation
1.49%
2024-2025
145/195
Central bank interest rate
4%
2025
76/106
Unemployment rate
1.9%
2024
176/196
Population
19115361
70/197

Government spending, deficit, and debt by year

Spending
Debt
Deficit/surplus
1x
Year % of GDP
Government spending Government debt Government deficit/surplus
2025 14.7% 27.2% -1.91%
2024 13.4% 26.3% -0.96%
2023 13.7% 27.2% -1.25%
2022 14.3% 29% -1.7%
2021 13.5% 30.6% -1.16%
2020 15.6% 31.5% -4.91%
2019 13.4% 26.4% -2.24%
2018 13.2% 26.4% -1.88%
2017 12.8% 25.1% -1.38%
2016 12.6% 24.9% -1.11%
2015 12.6% 24.8% -1.47%
2014 13.6% 24.7% -1.92%
2013 14% 25% -2.16%
2012 14.2% 24.6% -2.42%
2011 14.5% 23.8% -2.8%
2010 14.5% 24% -3.28%
2009 14.1% 22.8% -3.12%
2008 13.3% 19.6% -1.57%
2007 13.9% 20.8% -1.4%
2006 14.2% 20.9% -1.88%
2005 13.2% 20% -1.67%
2004 12.9% 20.6% -1.05%
2003 14.4% 19.8% -2.47%
2002 13.1% 17.4% -1.03%
2001 13.8% 19.1% -2%
2000 13.6% 18% -1.88%
1999 14.6% 22% -2.96%
1998 13.2% 19% -2.29%
1997 11.2% 18.5% -0.79%
1996 9.85% 19.2% 0.04%
1995 9.77% 21% -0.53%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1999, retrieved 2026-07-08).

GeoRank.org/economy/guatemala | CC BY

This chart shows Guatemala's government spending, budget balance, and debt over time, each expressed as a share of GDP.

Over the past 31 years, Guatemala recorded a fiscal deficit in 30 of them, with an average annual deficit equal to 1.84% of GDP. In 2025, government spending reached $18.2B (14.7% of GDP), with a deficit of 1.91%.

The national debt reached $33.5B, ranking 89th out of 185 countries by total size, with a debt-to-GDP ratio of 27.2%, ranking 163rd.

Inflation rate by year

1x
Year Inflation
2025 1.49%
2024 2.87%
2023 6.21%
2022 6.89%
2021 4.26%
2020 3.21%
2019 3.7%
2018 3.75%
2017 4.42%
2016 4.45%
2015 2.39%
2014 3.42%
2013 4.34%
2012 3.78%
2011 6.21%
2010 3.86%
2009 1.86%
2008 11.4%
2007 6.82%
2006 6.56%
2005 9.11%
2004 7.58%
2003 5.6%
2002 8.13%
2001 7.29%
2000 5.98%
1999 5.21%
1998 6.61%
1997 9.23%
1996 11.1%
1995 8.41%
1994 10.9%
1993 11.8%
1992 10%
1991 33.2%
1990 41.2%
1989 11.4%
1988 10.8%
1987 12.3%
1986 36.9%
1985 18.7%
1984 3.41%
1983 4.54%
1982 0.31%
1981 11.4%
1980 10.8%
1979 11.3%
1978 8.29%
1977 12.3%
1976 10.7%
1975 13.2%
1974 16.5%
1973 13.8%
1972 0.53%
1971 -0.45%
1970 2.34%
1969 2.1%
1968 1.93%
1967 0.49%
1966 0.68%
1965 -0.8%
1964 -0.19%
1963 0.15%
1962 2.05%
1961 -0.55%
1960 -1.19%

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/guatemala | CC BY

Over the past 20 years, Guatemala has had an average annual inflation rate of 4.59%. In 2025, inflation was 1.49%. The bar chart above shows consumer price inflation by year.

Balance of trade

Guatemala Rank
Current account balance
$3.27B
2024
36/190
Current account balance, % of GDP
+2.89%
2024
49/190
Goods imports
$29.1B
2024
72/189
Goods exports
$13.3B
2024
88/189
Service imports
$6.45B
2024
82/189
Service exports
$4.65B
2024
97/189
Imports of goods and services, % of GDP
31%
2025
127/182
Exports of goods and services, % of GDP
15.6%
2025
163/193

Guatemala top 10 trading partners

Guatemala's biggest trading partner accounting for 31.8% of all exports and imports is the United States, with a trade balance between the two of -$6.09B: Guatemala exports $4.81B worth of goods and services to the United States and imports $10.9B.

Below is the list of the top 10 trade partners of Guatemala.

Rank Country Trade value Share of total trade Export to Import from Top export to Top import from
1 United States $15.7B 31.8% $4.81B $10.9B Raw agricultural goods Raw materials & minerals
2 China $5.55B 11.2% $46.7M $5.5B Raw materials & minerals Machinery & equipment
3 Mexico $4.12B 8.33% $688M $3.43B Processed food, beverages & tobacco Chemicals & pharma
4 El Salvador $3.76B 7.61% $2.14B $1.62B Chemicals & pharma Processed food, beverages & tobacco
5 Honduras $2.74B 5.53% $1.78B $954M Chemicals & pharma Raw materials & minerals
6 Costa Rica $1.86B 3.76% $667M $1.19B Chemicals & pharma Processed food, beverages & tobacco
7 Panama $1.58B 3.2% $306M $1.28B Chemicals & pharma Chemicals & pharma
8 Nicaragua $1.27B 2.56% $1.09B $178M Chemicals & pharma Animal & marine products
9 Canada $816M 1.65% $291M $525M Raw agricultural goods Raw materials & minerals
10 India $800M 1.62% $34.2M $766M Wood & paper products Machinery & equipment

Top 10 exports

Guatemala Rank
Raw agricultural goods $4.16B 33/193
Processed food, beverages & tobacco $3.74B 49/192
Textiles & consumer goods $2.56B 56/193
Transport & tourism services $2.33B 99/191
Chemicals & pharma $2.26B 59/193
Business & finance services $1.05B 80/189
Raw materials & minerals $858M 110/193
Metals $720M 78/192
IT & IP services $595M 77/185
Wood & paper products $578M 60/192

Top 10 imports

Guatemala Rank
Machinery & equipment $9.62B 70/193
Raw materials & minerals $6.22B 63/193
Chemicals & pharma $5.4B 62/193
Transport & tourism services $4.57B 74/191
Textiles & consumer goods $3.28B 64/193
Processed food, beverages & tobacco $3.28B 58/193
Metals $2.42B 69/193
Raw agricultural goods $1.54B 67/193
Wood & paper products $1.23B 60/193
Animal & marine products $1.17B 58/193

Economic freedom indices

Guatemala Rank
Economic freedom 63.5 79/197
Property rights 39.1 127/182
Government integrity 25.2 143/182
Judicial effectiveness 26.1 139/182
Tax burden 91.3 24/182
Government spending 94.3 7/180
Fiscal health 95.9 29/181
Business freedom 65.7 92/182
Labor freedom 52.5 122/182
Monetary freedom 77.3 46/180
Trade freedom 74.6 74/181
Investment freedom 70 31/181
Financial freedom 50 81/181

Economic freedom by year

1x
Year Index
Economic freedom Judicial effectiveness Tax burden Government spending Fiscal health
2026 63.5 26.1 91.3 94.3 95.9
2025 63.4 26.8 92 94.3 95.5
2024 62.4 27.9 91.3 93.7 87.5
2023 62.7 24.9 91.7 94 85.8
2022 63.2 36.9 91.5 94 83.3
2021 64 32.6 91.8 94.8 92.1
2020 64 32.2 79.2 95.6 95.7
2019 62.6 32.3 79.2 95.6 96.2
2018 63.4 33.1 79.2 95.3 95.3
2017 63 27.8 79.2 94.8 93.5
2016 61.8 - 79.1 94.3 -
2015 60.4 - 79.6 94.1 -
2014 61.2 - 79.6 93.6 -
2013 60 - 79.6 93.6 -
2012 60.9 - 79.6 93.9 -
2011 61.9 - 79.5 94.4 -
2010 61 - 79.3 93.9 -
2009 59.4 - 79.4 93.5 -
2008 59.8 - 79.9 95.9 -
2007 60.5 - 79.8 96.1 -
2006 59.1 - 79.7 94.6 -
2005 59.5 - 77 95.4 -
2004 59.6 - 79.8 95 -
2003 62.3 - 79.8 95.5 -
2002 62.3 - 79.8 95.7 -
2001 65.1 - 86.7 94.9 -
2000 64.3 - 82.7 96.4 -
1999 66.2 - 84 97.3 -
1998 65.8 - 81.4 97.3 -
1997 65.7 - 81.5 97.5 -
1996 63.7 - 84.1 96.6 -
1995 62 - 86.8 96.6 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/guatemala | CC BY

Guatemala is ranked 72/174 for economic freedom with a score of 63.5, compared to 79/162 and a score of 59.1 in 2006.

Other economic metrics

Guatemala Rank
Services, % of GDP
62.1%
2025
62/191
Industry, % of GDP
21.8%
2025
119/194
Agriculture, forestry, and fishing, % of GDP
9.55%
2025
74/193
GNI, Atlas method
$119B
2025
66/194
GNI per capita, PPP
$15,020
2025
111/191
Total reserves including gold
$32.8B
2025
57/177
Net foreign direct investment
-$983M
2024
118/189
Net inflows of foreign direct investment
$1.85B
2024
71/193
Net outflows of foreign direct investment
$865M
2024
49/193
Servicing debt to the IMF, % of GNI
1.75%
2024
99/121
Poverty at national poverty lines
56%
2023
14/176
Gross capital formation, % of GDP
16.8%
2025
147/179

Compare Guatemala vs other countries

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/guatemala | CC BY

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2024–2025, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1995–1999, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.