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Economy of Guatemala vs Guinea-Bissau compared: GDP & Debt

Updated on by Georank

Guatemala has a GDP of $123B compared to $2.53B for Guinea-Bissau, ranking 67/197 and 176/197 by economy size, respectively.

Guatemala has $33.5B in government debt (27.2% of GDP), compared to $1.9B (75.3% of GDP) in Guinea-Bissau.

Guatemala vs Guinea-Bissau GDP by year

Guatemala
Guinea-Bissau
1x
Year GDP, current $
Guatemala Guinea-Bissau
2025 $123,306,008,821 $2,527,930,273
2024 $113,215,575,151 $2,197,777,210
2023 $104,298,081,429 $2,076,748,678
2022 $95,609,727,056 $1,856,239,955
2021 $86,455,522,273 $1,907,611,288
2020 $77,719,468,248 $1,705,062,170
2019 $77,172,331,693 $1,596,214,680
2018 $73,328,356,008 $1,554,133,594
2017 $71,653,780,740 $1,469,978,606
2016 $66,053,408,206 $1,245,074,264
2015 $62,186,066,548 $1,152,384,167
2014 $57,852,159,008 $1,135,250,721
2013 $52,996,420,177 $1,109,682,824
2012 $49,593,929,487 $1,049,412,177
2011 $46,876,006,272 $1,157,074,319
2010 $40,676,578,423 $940,112,539
2009 $37,126,148,265 $890,167,833
2008 $38,503,720,224 $952,667,544
2007 $33,567,850,824 $753,162,998
2006 $29,744,246,827 $634,781,901
2005 $26,783,389,294 $639,776,041
2004 $23,577,298,095 $582,169,841
2003 $21,576,351,799 $553,614,800
2002 $20,444,205,991 $466,773,711
2001 $18,405,220,247 $412,610,872
2000 $19,288,929,030 $391,345,597
1999 $18,318,412,251 $579,365,780
1998 $19,395,491,993 $591,034,143
1997 $17,790,026,222 $698,107,222
1996 $15,674,835,615 $702,965,148
1995 $14,655,404,433 $660,195,402
1994 $12,983,233,311 $612,502,085
1993 $11,400,017,301 $615,779,519
1992 $10,440,781,588 $588,309,271
1991 $9,406,135,143 $668,470,891
1990 $7,650,196,845 $634,187,269
1989 $8,410,724,361 $554,072,303
1988 $7,841,602,824 $427,514,322
1987 $7,084,399,840 $451,893,375
1986 $7,231,963,516 $338,524,233
1985 $9,721,652,087 $373,959,151
1984 $9,470,000,100 $359,980,491
1983 $9,050,000,400 $425,225,177
1982 $8,716,999,700 $430,284,022
1981 $8,607,500,300 $402,230,865
1980 $7,878,700,000 $287,648,258
1979 $6,902,600,200 $308,143,183
1978 $6,070,600,200 $318,876,550
1977 $5,480,500,200 $298,871,675
1976 $4,365,300,200 $292,152,321
1975 $3,645,900,000 $283,311,997
1974 $3,161,499,900 $256,769,730
1973 $2,569,200,100 $232,331,281
1972 $2,101,300,000 $227,986,203
1971 $1,984,800,000 $204,167,297
1970 $1,904,000,000 $204,670,551
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-bissau | CC BY

GDP per capita in Guatemala vs Guinea-Bissau by year

Guatemala
GDP per capita

GDP per capita, PPP
Guinea-Bissau
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guatemala Guinea-Bissau
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $6,598 - $1,124 -
2024 $6,151 $14,369 $998 $3,119
2023 $5,754 $13,745 $964 $2,990
2022 $5,357 $13,014 $882 $2,789
2021 $4,913 $11,825 $927 $2,523
2020 $4,478 $10,947 $847 $2,340
2019 $4,512 $10,756 $811 $2,247
2018 $4,353 $9,947 $809 $2,058
2017 $4,325 $9,560 $783 $2,082
2016 $4,060 $9,201 $680 $1,824
2015 $3,894 $8,934 $645 $1,730
2014 $3,689 $8,237 $652 $1,456
2013 $3,444 $7,700 $654 $1,416
2012 $3,287 $7,258 $635 $1,402
2011 $3,169 $6,784 $720 $1,472
2010 $2,805 $6,510 $600 $1,370
2009 $2,612 $6,377 $583 $1,315
2008 $2,763 $6,435 $640 $1,309
2007 $2,459 $6,238 $519 $1,260
2006 $2,225 $5,833 $449 $1,226
2005 $2,046 $5,486 $463 $1,187
2004 $1,841 $5,263 $431 $1,105
2003 $1,723 $5,081 $420 $1,089
2002 $1,669 $4,969 $362 $1,095
2001 $1,538 $4,822 $327 $1,064
2000 $1,649 $4,715 $317 $1,014
1999 $1,604 $4,557 $479 $1,001
1998 $1,741 $4,437 $498 $861
1997 $1,638 $4,287 $599 $1,118
1996 $1,481 $4,143 $615 $1,052
1995 $1,421 $4,055 $589 $945
1994 $1,293 $3,886 $561 $909
1993 $1,166 $3,756 $582 $890
1992 $1,096 $3,626 $574 $880
1991 $1,014 $3,473 $672 $877
1990 $848 $3,330 $651 $824
1989 $958 - $578 -
1988 $919 - $454 -
1987 $854 - $488 -
1986 $896 - $371 -
1985 $1,238 - $417 -
1984 $1,241 - $407 -
1983 $1,220 - $489 -
1982 $1,204 - $503 -
1981 $1,216 - $477 -
1980 $1,142 - $347 -
1979 $1,026 - $376 -
1978 $925 - $403 -
1977 $856 - $403 -
1976 $697 - $421 -
1975 $595 - $435 -
1974 $529 - $419 -
1973 $441 - $392 -
1972 $370 - $389 -
1971 $358 - $348 -
1970 $353 - $350 -
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-bissau | CC BY

Guatemala's GDP per capita is $6,598, ranking 108/197, compared to $1,124 in Guinea-Bissau, ranking 177/197. Adjusted for purchasing power (GDP per capita PPP), Guatemala ranks 116th at $14,369, while Guinea-Bissau ranks 179th at $3,119.

Economic indicators

Guatemala Guinea-Bissau
Gross domestic product
$123B
2025
$2.53B
2025
GDP rank
67/197
2025
176/197
2025
GDP growth
4.28%
2024-2025
5.82%
2024-2025
GDP per capita
$6,598
2025
$1,124
2025
GDP per capita rank
108/197
2025
177/197
2025
GDP per capita, PPP
$14,369
2024
$3,119
2024
GDP per capita PPP rank
116/197
2024
179/197
2024
Government debt
$33.5B
2025
$1.9B
2025
Debt-to-GDP ratio
27.2%
2025
75.3%
2025
Government debt per person
$1,793
2025
$846
2025
Government debt per person rank
122/185
2025
149/185
2025
Average annual personal income after taxes
$4,432
2026
$1,483
2026
Income share by richest 10%
34.1%
2023
26.1%
2021
Income share by poorest 10%
1.6%
2023
3.4%
2021
Government expenditure, % of GDP
14.7%
2025
19.9%
2025
Consumer prices inflation
1.49%
2024-2025
0.9%
2024-2025
Central bank interest rate
4%
2025
n/a
Unemployment rate
1.9%
2024
2.67%
2022
Population
19115361
2323460

Spending and national debt comparison by year

Guatemala
Spending

Debt
Guinea-Bissau
Spending

Debt
1x
Year % of GDP
Guatemala Guinea-Bissau
Government spending Government debt Government spending Government debt
2025 14.7% 27.2% 19.9% 75.3%
2024 13.4% 26.3% 20.4% 82.4%
2023 13.7% 27.2% 21.9% 79.4%
2022 14.3% 29% 21.3% 80.7%
2021 13.5% 30.6% 25% 78.8%
2020 15.6% 31.5% 25% 77.6%
2019 13.4% 26.4% 18.8% 65.1%
2018 13.2% 26.4% 19.5% 59.1%
2017 12.8% 25.1% 18.1% 51.8%
2016 12.6% 24.9% 20.5% 59.1%
2015 12.6% 24.8% 21.5% 56.3%
2014 13.6% 24.7% 23% 60.1%
2013 14% 25% 12.4% 49.6%
2012 14.2% 24.6% 13% 47.4%
2011 14.5% 23.8% 17.3% 45.6%
2010 14.5% 24% 18.5% 61.7%
2009 14.1% 22.8% 20.6% 148.3%
2008 13.3% 19.6% 21.8% 148.8%
2007 13.9% 20.8% 23.7% 164%
2006 14.2% 20.9% 19.8% 190.4%
2005 13.2% 20% 20.2% 203.7%
2004 12.9% 20.6% 23% 202%
2003 14.4% 19.8% 17% 183.4%
2002 13.1% 17.4% 14.1% 197.5%
2001 13.8% 19.1% 19.1% 204.4%
2000 13.6% 18% 23.5% 217.1%
1999 14.6% 22% 12.1% 109.9%
1998 13.2% 19% 8.72% 109.1%
1997 11.2% 18.5% 12.7% 94.3%
1996 9.85% 19.2% 8.93% 117.3%
1995 9.77% 21% 8.14% 103.3%
1994 - - 18.4% 105.5%
1993 - - 13.1% 112.4%
1992 - - 10.1% 85.3%
1991 - - 9.19% 88.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1991–1999, retrieved 2026-07-08).

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

In 2025, Guatemala's government spending was $18.2B, accounting for 14.7% of its GDP, while Guinea-Bissau spent $502M, or 19.9% of GDP.

Debt-to-GDP ratio is 27.2% in Guatemala and 75.3% in Guinea-Bissau, ranking 163/185 and 49/185, respectively.

Government deficit by year

Deficit/surplus
Guatemala

Guinea-Bissau
1x
Year Deficit/surplus, % of GDP
Guatemala Guinea-Bissau
2025 -1.91% -6.69%
2024 -0.96% -7.26%
2023 -1.25% -8.15%
2022 -1.7% -6.06%
2021 -1.16% -5.88%
2020 -4.91% -9.64%
2019 -2.24% -3.86%
2018 -1.88% -4.76%
2017 -1.38% -1.32%
2016 -1.11% -5.34%
2015 -1.47% -3.16%
2014 -1.92% -2.44%
2013 -2.16% -1.67%
2012 -2.42% -2.12%
2011 -2.8% -1.35%
2010 -3.28% -0.23%
2009 -3.12% 2.68%
2008 -1.57% -0.73%
2007 -1.4% -8.77%
2006 -1.88% -4.57%
2005 -1.67% -4.96%
2004 -1.05% -5.92%
2003 -2.47% -5.63%
2002 -1.03% -3.7%
2001 -2% -1.83%
2000 -1.88% -2.8%
1999 -2.96% -4.06%
1998 -2.29% -5.95%
1997 -0.79% -2.56%
1996 0.04% 3.48%
1995 -0.53% 2.45%
1994 - -5.54%
1993 - -0.34%
1992 - -0.25%
1991 - 1.61%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08).

GeoRank.org/economy/guatemala/guinea-bissau | 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-Bissau's deficit of $169M, or 6.69% of GDP.

Over the past 31 years, Guatemala recorded a fiscal deficit in 30 of those years, while Guinea-Bissau ran a deficit in 28 years. On average, Guatemala posted an annual deficit equal to 1.84% of GDP, compared to deficit of 3.64% of GDP for Guinea-Bissau.

Inflation comparison by year

Inflation
Guatemala

Guinea-Bissau
1x
Year Consumer prices inflation
Guatemala Guinea-Bissau
2025 1.49% 0.9%
2024 2.87% 3.7%
2023 6.21% 7.2%
2022 6.89% 7.9%
2021 4.26% 3.3%
2020 3.21% 1.5%
2019 3.7% 0.3%
2018 3.75% 0.4%
2017 4.42% -0.2%
2016 4.45% 2.7%
2015 2.39% 1.5%
2014 3.42% -1%
2013 4.34% 0.8%
2012 3.78% 2.1%
2011 6.21% 5.1%
2010 3.86% 1.1%
2009 1.86% -1.6%
2008 11.4% 10.4%
2007 6.82% 4.6%
2006 6.56% 2%
2005 9.11% 3.4%
2004 7.58% 0.8%
2003 5.6% -3.5%
2002 8.13% 3.3%
2001 7.29% 3.3%
2000 5.98% 8.6%
1999 5.21% -2.1%
1998 6.61% 8.1%
1997 9.23% 49.1%

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-bissau | CC BY

Over the past 29 years, Guatemala has recorded an average annual inflation rate of 5.4%, compared with 4.27% in Guinea-Bissau. In 2025, inflation was 1.49% in Guatemala and 0.9% in Guinea-Bissau.

Top exports between countries

Guatemala
Export category Export value
Chemicals & pharma $1K
Guinea-Bissau
Export category Export value

Balance of trade

Guatemala Guinea-Bissau
Current account balance
$3.27B
2024
-$162M
2024
Current account balance ranking
36/190
2024
87/190
2024
Current account balance, % of GDP
+2.89%
2024
-7.36%
2024
Goods imports
$29.1B
2024
$414M
2024
Goods exports
$13.3B
2024
$229M
2024
Service imports
$6.45B
2024
$198M
2024
Service exports
$4.65B
2024
$51M
2024
Imports of goods and services, % of GDP
31%
2025
27%
2025
Exports of goods and services, % of GDP
15.6%
2025
13.9%
2025

Economic freedom indices

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

Guatemala Guinea-Bissau
Economic freedom 63.5 43.2
Economic freedom ranking 79/197 181/197
Property rights 39.1 28.4
Government integrity 25.2 21
Judicial effectiveness 26.1 13.2
Tax burden 91.3 89
Government spending 94.3 86.5
Fiscal health 95.9 6.5
Business freedom 65.7 34.6
Labor freedom 52.5 55.9
Monetary freedom 77.3 75.9
Trade freedom 74.6 47
Investment freedom 70 30
Financial freedom 50 30

Economic freedom comparison by year

Guatemala
Guinea-Bissau
1x
Year Economic freedom index
Guatemala Guinea-Bissau
2026 63.5 43.2
2025 63.4 43.6
2024 62.4 42.7
2023 62.7 44.6
2022 63.2 46
2021 64 54.9
2020 64 53.3
2019 62.6 54
2018 63.4 56.9
2017 63 56.1
2016 61.8 51.8
2015 60.4 52
2014 61.2 51.3
2013 60 51.1
2012 60.9 50.1
2011 61.9 46.5
2010 61 43.6
2009 59.4 45.4
2008 59.8 44.4
2007 60.5 46.1
2006 59.1 46.5
2005 59.5 46
2004 59.6 42.6
2003 62.3 43.1
2002 62.3 42.3
2001 65.1 42.5
2000 64.3 34.7
1999 66.2 33.5
1998 65.8 -
1997 65.7 -
1996 63.7 -
1995 62 -

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

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

The Economic Freedom Index for Guatemala is 63.5, ranking 79/197, compared to 43.2 for Guinea-Bissau, ranking 181/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guatemala Guinea-Bissau
Services, % of GDP
62.1%
2025
39.1%
2025
Industry, % of GDP
21.8%
2025
15.7%
2025
Agriculture, forestry, and fishing, % of GDP
9.55%
2025
40.6%
2025
GNI, Atlas method
$119B
2025
$2.45B
2025
GNI per capita, PPP
$15,020
2025
$3,320
2025
Total reserves including gold
$32.8B
2025
n/a
Total reserves ranking
57/177
2025
n/a
Net foreign direct investment
-$983M
2024
-$26.3M
2024
Net inflows of foreign direct investment
$1.85B
2024
$26.7M
2024
Net outflows of foreign direct investment
$865M
2024
$389K
2024
Servicing debt to the IMF, % of GNI
1.75%
2024
1.77%
2024
Poverty at national poverty lines
56%
2023
50.5%
2021
Gross capital formation, % of GDP
16.8%
2025
25.8%
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-bissau | 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 (1991–2025, 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 (1991–1999, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. TradeMap (2024, 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.