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Economy of Guatemala vs Guinea compared: GDP & Debt

Updated on by Georank

Guatemala has a GDP of $123B compared to $28.3B for Guinea, ranking 67/197 and 117/197 by economy size, respectively.

Guatemala has $33.5B in government debt (27.2% of GDP), compared to $13.6B (48.1% of GDP) in Guinea.

Guatemala vs Guinea GDP by year

Guatemala
Guinea
1x
Year GDP, current $
Guatemala Guinea
2025 $123,306,008,821 $28,346,024,753
2024 $113,215,575,151 $25,008,678,293
2023 $104,298,081,429 $22,407,615,556
2022 $95,609,727,056 $19,910,452,542
2021 $86,455,522,273 $17,069,115,738
2020 $77,719,468,248 $14,088,693,743
2019 $77,172,331,693 $13,442,861,496
2018 $73,328,356,008 $11,857,030,367
2017 $71,653,780,740 $10,324,668,271
2016 $66,053,408,206 $8,595,955,222
2015 $62,186,066,548 $8,794,201,743
2014 $57,852,159,008 $8,778,473,373
2013 $52,996,420,177 $8,376,613,539
2012 $49,593,929,487 $7,638,044,557
2011 $46,876,006,272 $6,785,137,203
2010 $40,676,578,423 $6,853,467,146
2009 $37,126,148,265 $6,716,905,340
2008 $38,503,720,224 $6,964,179,983
2007 $33,567,850,824 $6,281,918,226
2006 $29,744,246,827 $4,220,019,845
2005 $26,783,389,294 $4,282,468,637
2004 $23,577,298,095 $5,300,767,961
2003 $21,576,351,799 $5,025,167,975
2002 $20,444,205,991 $4,301,608,753
2001 $18,405,220,247 $4,125,527,603
2000 $19,288,929,030 $4,367,458,867
1999 $18,318,412,251 $5,046,806,783
1998 $19,395,491,993 $5,232,118,046
1997 $17,790,026,222 $5,516,916,163
1996 $15,674,835,615 $5,641,243,100
1995 $14,655,404,433 $5,385,704,166
1994 $12,983,233,311 $4,932,800,407
1993 $11,400,017,301 $4,781,166,117
1992 $10,440,781,588 $4,789,220,417
1991 $9,406,135,143 $4,396,178,694
1990 $7,650,196,845 $3,888,320,666
1989 $8,410,724,361 $3,546,079,263
1988 $7,841,602,824 $3,476,480,303
1987 $7,084,399,840 $2,976,714,019
1986 $7,231,963,516 $2,909,130,355
1985 $9,721,652,087 $22,787,644,566
1984 $9,470,000,100 $18,421,497,251
1983 $9,050,000,400 $15,129,893,722
1982 $8,716,999,700 $11,926,032,493
1981 $8,607,500,300 $9,646,440,667
1980 $7,878,700,000 $9,746,524,915
1979 $6,902,600,200 $8,877,094,497
1978 $6,070,600,200 $8,087,305,999
1977 $5,480,500,200 $6,914,381,291
1976 $4,365,300,200 $6,762,781,871
1975 $3,645,900,000 $6,102,769,605
1974 $3,161,499,900 $5,691,417,541
1973 $2,569,200,100 $5,152,080,388
1972 $2,101,300,000 $4,203,069,035
1971 $1,984,800,000 $3,594,302,908
1970 $1,904,000,000 $3,220,224,608
1969 $1,715,399,900 -
1968 $1,610,500,000 -
1967 $1,453,500,000 -
1966 $1,390,700,000 -
1965 $1,331,399,900 -
1964 $1,299,099,900 -
1963 $1,262,800,000 -
1962 $1,143,600,000 -
1961 $1,076,699,900 -
1960 $1,043,599,900 -

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

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

GDP per capita in Guatemala vs Guinea by year

Guatemala
GDP per capita

GDP per capita, PPP
Guinea
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guatemala Guinea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $6,598 - $1,877 -
2024 $6,151 $14,369 $1,695 $4,565
2023 $5,754 $13,745 $1,555 $4,334
2022 $5,357 $13,014 $1,417 $4,062
2021 $4,913 $11,825 $1,245 $3,739
2020 $4,478 $10,947 $1,054 $3,332
2019 $4,512 $10,756 $1,031 $3,106
2018 $4,353 $9,947 $933 $2,844
2017 $4,325 $9,560 $834 $2,687
2016 $4,060 $9,201 $712 $2,255
2015 $3,894 $8,934 $747 $1,930
2014 $3,689 $8,237 $765 $1,873
2013 $3,444 $7,700 $748 $1,842
2012 $3,287 $7,258 $699 $1,790
2011 $3,169 $6,784 $637 $1,705
2010 $2,805 $6,510 $659 $1,622
2009 $2,612 $6,377 $662 $1,567
2008 $2,763 $6,435 $704 $1,614
2007 $2,459 $6,238 $650 $1,558
2006 $2,225 $5,833 $447 $1,453
2005 $2,046 $5,486 $463 $1,422
2004 $1,841 $5,263 $585 $1,366
2003 $1,723 $5,081 $566 $1,328
2002 $1,669 $4,969 $496 $1,315
2001 $1,538 $4,822 $483 $1,251
2000 $1,649 $4,715 $518 $1,196
1999 $1,604 $4,557 $611 $1,163
1998 $1,741 $4,437 $647 $1,130
1997 $1,638 $4,287 $696 $1,099
1996 $1,481 $4,143 $726 $1,048
1995 $1,421 $4,055 $713 $1,014
1994 $1,293 $3,886 $672 $976
1993 $1,166 $3,756 $671 $947
1992 $1,096 $3,626 $693 $908
1991 $1,014 $3,473 $656 $887
1990 $848 $3,330 $604 $871
1989 $958 - $570 -
1988 $919 - $574 -
1987 $854 - $505 -
1986 $896 - $506 -
1985 $1,238 - $4,062 -
1984 $1,241 - $3,362 -
1983 $1,220 - $2,823 -
1982 $1,204 - $2,273 -
1981 $1,216 - $1,876 -
1980 $1,142 - $1,931 -
1979 $1,026 - $1,790 -
1978 $925 - $1,658 -
1977 $856 - $1,440 -
1976 $697 - $1,431 -
1975 $595 - $1,311 -
1974 $529 - $1,243 -
1973 $441 - $1,143 -
1972 $370 - $948 -
1971 $358 - $825 -
1970 $353 - $753 -
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/guinea | CC BY

Guatemala's GDP per capita is $6,598, ranking 108/197, compared to $1,877 in Guinea, ranking 161/197. Adjusted for purchasing power (GDP per capita PPP), Guatemala ranks 116th at $14,369, while Guinea ranks 161st at $4,565.

Economic indicators

Guatemala Guinea
Gross domestic product
$123B
2025
$28.3B
2025
GDP rank
67/197
2025
117/197
2025
GDP growth
4.28%
2024-2025
7.45%
2024-2025
GDP per capita
$6,598
2025
$1,877
2025
GDP per capita rank
108/197
2025
161/197
2025
GDP per capita, PPP
$14,369
2024
$4,565
2024
GDP per capita PPP rank
116/197
2024
161/197
2024
Government debt
$33.5B
2025
$13.6B
2025
Debt-to-GDP ratio
27.2%
2025
48.1%
2025
Government debt per person
$1,793
2025
$902
2025
Government debt per person rank
122/185
2025
146/185
2025
Average annual personal income after taxes
$4,432
2026
$1,966
2026
Income share by richest 10%
34.1%
2023
23.1%
2018
Income share by poorest 10%
1.6%
2023
3.5%
2018
Government expenditure, % of GDP
14.7%
2025
25.2%
2025
Consumer prices inflation
1.49%
2024-2025
3.1%
2024-2025
Central bank interest rate
4%
2025
n/a
Unemployment rate
1.9%
2024
5.02%
2019
Population
19115361
15624314

Spending and national debt comparison by year

Guatemala
Spending

Debt
Guinea
Spending

Debt
1x
Year % of GDP
Guatemala Guinea
Government spending Government debt Government spending Government debt
2025 14.7% 27.2% 25.2% 48.1%
2024 13.4% 26.3% 20.6% 48.3%
2023 13.7% 27.2% 18.3% 39.8%
2022 14.3% 29% 15.7% 37.2%
2021 13.5% 30.6% 15.1% 40.6%
2020 15.6% 31.5% 17.1% 45.3%
2019 13.4% 26.4% 14.9% 37.3%
2018 13.2% 26.4% 15.9% 37.5%
2017 12.8% 25.1% 17.3% 39.9%
2016 12.6% 24.9% 16.1% 40.6%
2015 12.6% 24.8% 21.7% 41.5%
2014 13.6% 24.7% 20.1% 32.1%
2013 14% 25% 18.6% 30.5%
2012 14.2% 24.6% 19.6% 26.9%
2011 14.5% 23.8% 16% 53.8%
2010 14.5% 24% 20.5% 71.1%
2009 14.1% 22.8% 16.2% 61.3%
2008 13.3% 19.6% 10.1% 58.5%
2007 13.9% 20.8% 8.66% 60.8%
2006 14.2% 20.9% 13.2% 95.2%
2005 13.2% 20% 11% 97.9%
2004 12.9% 20.6% 13% 86.9%
2003 14.4% 19.8% 14.7% 81.6%
2002 13.1% 17.4% 14.4% 82.6%
2001 13.8% 19.1% 14.9% 90.4%
2000 13.6% 18% 12.6% 91.5%
1999 14.6% 22% 11.6% 92.3%
1998 13.2% 19% 10.3% 75.9%
1997 11.2% 18.5% 12.6% 67.9%
1996 9.85% 19.2% 12% 67.7%
1995 9.77% 21% 12.7% 66.5%
1994 - - 12.6% 71.3%
1993 - - 13.3% 68.9%
1992 - - 13.8% 62%
1991 - - 16.3% 70.9%
1990 - - 18.7% 71.6%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1999, retrieved 2026-07-08).

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

In 2025, Guatemala's government spending was $18.2B, accounting for 14.7% of its GDP, while Guinea spent $7.13B, or 25.2% of GDP.

Debt-to-GDP ratio is 27.2% in Guatemala and 48.1% in Guinea, ranking 163/185 and 111/185, respectively.

Government deficit by year

Deficit/surplus
Guatemala

Guinea
1x
Year Deficit/surplus, % of GDP
Guatemala Guinea
2025 -1.91% -7%
2024 -0.96% -4.99%
2023 -1.25% -3.86%
2022 -1.7% -1.88%
2021 -1.16% -1.7%
2020 -4.91% -3.08%
2019 -2.24% -0.17%
2018 -1.88% -0.97%
2017 -1.38% -1.98%
2016 -1.11% -0.08%
2015 -1.47% -6.53%
2014 -1.92% -3.01%
2013 -2.16% -3.86%
2012 -2.42% 23.7%
2011 -2.8% -0.92%
2010 -3.28% -9.66%
2009 -3.12% -4.87%
2008 -1.57% 0.38%
2007 -1.4% 1.28%
2006 -1.88% -2.13%
2005 -1.67% -1.06%
2004 -1.05% -3.85%
2003 -2.47% -4.65%
2002 -1.03% -3.37%
2001 -2% -3.23%
2000 -1.88% -2.42%
1999 -2.96% -1.3%
1998 -2.29% 2.46%
1997 -0.79% 0.07%
1996 0.04% -2.2%
1995 -0.53% -1.07%
1994 - -2.59%
1993 - -2.33%
1992 - -0.89%
1991 - -3.25%
1990 - -3.76%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Guatemala's government deficit, the difference between spending and revenue, was $2.36B, equivalent to 1.91% of GDP. This compares to Guinea's deficit of $1.98B, or 7% of GDP.

Over the past 31 years, Guatemala recorded a fiscal deficit in 30 of those years, while Guinea ran a deficit in 26 years. On average, Guatemala posted an annual deficit equal to 1.84% of GDP, compared to deficit of 1.68% of GDP for Guinea.

Inflation comparison by year

Inflation
Guatemala

Guinea
1x
Year Consumer prices inflation
Guatemala Guinea
2025 1.49% 3.1%
2024 2.87% 4.5%
2023 6.21% 5.4%
2022 6.89% 10.5%
2021 4.26% 12.6%
2020 3.21% 10.6%
2019 3.7% 9.5%
2018 3.75% 9.8%
2017 4.42% 8.9%
2016 4.45% 8.2%
2015 2.39% 8.2%
2014 3.42% 9.7%
2013 4.34% 11.9%
2012 3.78% 15.2%
2011 6.21% 21.4%
2010 3.86% 15.5%
2009 1.86% 4.7%
2008 11.4% 18.4%
2007 6.82% 22.9%
2006 6.56% 34.7%
2005 9.11% 31.4%
2004 7.58% 17.5%
2003 5.6% 11%
2002 8.13% 3%
2001 7.29% 5.4%
2000 5.98% 6.8%
1999 5.21% 4.6%
1998 6.61% 5.1%
1997 9.23% 1.9%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Guatemala has recorded an average annual inflation rate of 5.4%, compared with 11.5% in Guinea. In 2025, inflation was 1.49% in Guatemala and 3.1% in Guinea.

Top exports between countries

Guatemala
Export category Export value
Processed food, beverages & tobacco $303K
Guinea
Export category Export value

Balance of trade

Guatemala Guinea
Current account balance
$3.27B
2024
-$392M
2024
Current account balance ranking
36/190
2024
101/190
2024
Current account balance, % of GDP
+2.89%
2024
-1.57%
2024
Goods imports
$29.1B
2024
$7.08B
2024
Goods exports
$13.3B
2024
$11.6B
2024
Service imports
$6.45B
2024
$3.15B
2024
Service exports
$4.65B
2024
$71.2M
2024
Imports of goods and services, % of GDP
31%
2025
62.3%
2025
Exports of goods and services, % of GDP
15.6%
2025
41.4%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Guatemala Guinea
Economic freedom 63.5 53.1
Economic freedom ranking 79/197 141/197
Property rights 39.1 21.3
Government integrity 25.2 26.7
Judicial effectiveness 26.1 26
Tax burden 91.3 70.1
Government spending 94.3 90.1
Fiscal health 95.9 74.8
Business freedom 65.7 44.8
Labor freedom 52.5 56.4
Monetary freedom 77.3 75.3
Trade freedom 74.6 61.8
Investment freedom 70 50
Financial freedom 50 40

Economic freedom comparison by year

Guatemala
Guinea
1x
Year Economic freedom index
Guatemala Guinea
2026 63.5 53.1
2025 63.4 54.6
2024 62.4 53.3
2023 62.7 53.2
2022 63.2 54.2
2021 64 56.5
2020 64 56.5
2019 62.6 55.7
2018 63.4 52.2
2017 63 47.6
2016 61.8 53.3
2015 60.4 52.1
2014 61.2 53.5
2013 60 51.2
2012 60.9 50.8
2011 61.9 51.7
2010 61 51.8
2009 59.4 51
2008 59.8 52.8
2007 60.5 54.5
2006 59.1 52.8
2005 59.5 57.4
2004 59.6 56.1
2003 62.3 54.6
2002 62.3 52.9
2001 65.1 58.4
2000 64.3 58.2
1999 66.2 59.4
1998 65.8 61
1997 65.7 52.9
1996 63.7 58.5
1995 62 59.4

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

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

The Economic Freedom Index for Guatemala is 63.5, ranking 79/197, compared to 53.1 for Guinea, ranking 141/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guatemala Guinea
Services, % of GDP
62.1%
2025
35.7%
2025
Industry, % of GDP
21.8%
2025
25.4%
2025
Agriculture, forestry, and fishing, % of GDP
9.55%
2025
31.3%
2025
GNI, Atlas method
$119B
2025
$26.2B
2025
GNI per capita, PPP
$15,020
2025
$4,730
2025
Total reserves including gold
$32.8B
2025
$1.35B
2024
Total reserves ranking
57/177
2025
137/177
2024
Net foreign direct investment
-$983M
2024
-$1.4B
2024
Net inflows of foreign direct investment
$1.85B
2024
$1.4B
2024
Net outflows of foreign direct investment
$865M
2024
$30K
2024
Servicing debt to the IMF, % of GNI
1.75%
2024
1.94%
2024
Poverty at national poverty lines
56%
2023
47%
2020
Gross capital formation, % of GDP
16.8%
2025
37%
2025

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/guinea | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1995–1999, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)
  9. TradeMap (2025, 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.