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Economy of Guatemala vs Guyana compared: GDP & Debt

Updated on by Georank team

Guatemala has a GDP of $113B compared to $24.7B for Guyana, ranking 68/197 and 120/197 by economy size, respectively.

Guatemala has $29.8B in government debt (26.3% of GDP), compared to $5.99B (24.3% of GDP) in Guyana.

Guatemala vs Guyana GDP by year

Guatemala
Guyana
1x
Year GDP, current $
Guatemala Guyana
2024 $113,199,581,158 $24,662,709,832
2023 $104,368,755,055 $16,918,503,597
2022 $95,641,446,501 $14,718,388,489
2021 $86,455,522,273 $8,041,362,110
2020 $77,719,468,248 $5,471,256,595
2019 $77,172,331,693 $5,173,760,192
2018 $73,328,356,008 $4,787,636,998
2017 $71,653,780,740 $4,748,174,334
2016 $66,053,408,206 $4,482,697,337
2015 $62,186,066,548 $4,279,840,194
2014 $57,852,159,008 $4,127,660,152
2013 $52,996,420,177 $4,167,800,929
2012 $49,593,929,487 $4,063,088,536
2011 $46,876,006,272 $3,691,384,318
2010 $40,676,578,423 $3,432,912,517
2009 $37,126,148,265 $3,165,663,153
2008 $38,503,720,224 $3,025,187,433
2007 $33,567,850,824 $2,730,971,595
2006 $29,744,246,827 $2,379,817,991
2005 $26,783,389,294 $824,880,550
2004 $23,577,298,095 $787,814,379
2003 $21,576,351,799 $743,063,950
2002 $20,444,205,991 $726,131,435
2001 $18,405,220,247 $712,167,450
2000 $19,288,929,030 $712,667,897
1999 $18,318,412,251 $694,754,988
1998 $19,395,491,993 $717,530,683
1997 $17,790,026,222 $749,138,010
1996 $15,674,835,615 $705,406,001
1995 $14,655,404,433 $621,626,786
1994 $12,983,233,311 $540,874,934
1993 $11,400,017,301 $454,101,382
1992 $10,440,781,588 $373,573,141
1991 $9,406,135,143 $348,533,095
1990 $7,650,196,845 $396,582,263
1989 $8,410,724,361 $379,779,390
1988 $7,841,602,824 $413,799,990
1987 $7,084,399,840 $354,591,847
1986 $7,231,963,516 $504,651,140
1985 $9,721,652,087 $453,488,372
1984 $9,470,000,100 $437,631,605
1983 $9,050,000,400 $489,333,333
1982 $8,716,999,700 $482,000,000
1981 $8,607,500,300 $570,357,107
1980 $7,878,700,000 $603,200,000
1979 $6,902,600,200 $530,440,000
1978 $6,070,600,200 $507,080,000
1977 $5,480,500,200 $449,880,000
1976 $4,365,300,200 $454,440,000
1975 $3,645,900,000 $494,791,667
1974 $3,161,499,900 $433,954,545
1973 $2,569,200,100 $307,047,619
1972 $2,101,300,000 $285,380,952
1971 $1,984,800,000 $282,050,000
1970 $1,904,000,000 $267,800,000
1969 $1,715,399,900 $249,300,000
1968 $1,610,500,000 $229,750,000
1967 $1,453,500,000 $250,176,471
1966 $1,390,700,000 $228,705,882
1965 $1,331,399,900 $213,235,294
1964 $1,299,099,900 $194,774,513
1963 $1,262,800,000 $175,757,894
1962 $1,143,600,000 $194,949,513
1961 $1,076,699,900 $185,849,535
1960 $1,043,599,900 $170,216,241

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Guatemala vs Guyana by year

Guatemala
GDP per capita

GDP per capita, PPP
Guyana
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guatemala Guyana
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,150 $14,369 $29,675 $80,155
2023 $5,758 $13,745 $20,474 $54,729
2022 $5,359 $13,014 $17,913 $39,711
2021 $4,913 $11,825 $9,861 $22,866
2020 $4,478 $10,947 $6,776 $16,819
2019 $4,512 $10,756 $6,406 $13,241
2018 $4,353 $9,947 $6,048 $12,443
2017 $4,325 $9,560 $6,179 $12,243
2016 $4,060 $9,201 $5,871 $11,516
2015 $3,894 $8,934 $5,640 $11,408
2014 $3,689 $8,237 $5,473 $11,145
2013 $3,444 $7,700 $5,557 $11,200
2012 $3,287 $7,258 $5,444 $10,627
2011 $3,169 $6,784 $4,947 $10,066
2010 $2,805 $6,510 $4,582 $9,337
2009 $2,612 $6,377 $4,209 $8,824
2008 $2,763 $6,435 $4,009 $8,437
2007 $2,459 $6,238 $3,608 $8,110
2006 $2,225 $5,833 $3,136 $7,346
2005 $2,046 $5,486 $1,084 $6,761
2004 $1,841 $5,263 $1,033 $6,673
2003 $1,723 $5,081 $974 $6,392
2002 $1,669 $4,969 $951 $6,304
2001 $1,538 $4,822 $932 $6,131
2000 $1,649 $4,715 $932 $5,860
1999 $1,604 $4,557 $909 $5,812
1998 $1,741 $4,437 $940 $5,573
1997 $1,638 $4,287 $983 $5,615
1996 $1,481 $4,143 $928 $5,210
1995 $1,421 $4,055 $820 $4,753
1994 $1,293 $3,886 $716 $4,447
1993 $1,166 $3,756 $603 $4,027
1992 $1,096 $3,626 $498 $3,651
1991 $1,014 $3,473 $466 $3,322
1990 $848 $3,330 $529 $3,022
1989 $958 - $503 -
1988 $919 - $545 -
1987 $854 - $464 -
1986 $896 - $657 -
1985 $1,238 - $588 -
1984 $1,241 - $565 -
1983 $1,220 - $631 -
1982 $1,204 - $621 -
1981 $1,216 - $735 -
1980 $1,142 - $779 -
1979 $1,026 - $689 -
1978 $925 - $663 -
1977 $856 - $593 -
1976 $697 - $604 -
1975 $595 - $664 -
1974 $529 - $588 -
1973 $441 - $421 -
1972 $370 - $395 -
1971 $358 - $396 -
1970 $353 - $381 -
1969 $326 - $361 -
1968 $315 - $340 -
1967 $291.9 - $378 -
1966 $287.3 - $353 -
1965 $283 - $336 -
1964 $284.2 - $313 -
1963 $284.4 - $288.8 -
1962 $265.2 - $327 -
1961 $257.2 - $319 -
1960 $256.8 - $299.1 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Guatemala's GDP per capita is $6,150, ranking 112/197, compared to $29,675 in Guyana, ranking 41/197. Adjusted for purchasing power (GDP per capita PPP), Guatemala ranks 116th at $14,369, while Guyana ranks 15th at $80,155.

Economic indicators

Guatemala Guyana
Gross domestic product
$113B
2024
$24.7B
2024
GDP rank
68/197
2024
120/197
2024
GDP growth
3.65%
2023-2024
43.8%
2023-2024
GDP per capita
$6,150
2024
$29,675
2024
GDP per capita rank
112/197
2024
41/197
2024
GDP per capita, PPP
$14,369
2024
$80,155
2024
GDP per capita PPP rank
116/197
2024
15/197
2024
Government debt
$29.8B
2024
$5.99B
2024
Debt-to-GDP ratio
26.3%
2024
24.3%
2024
Government debt per person
$1,619
2024
$7,213
2024
Government debt per person rank
124/185
2024
66/185
2024
Average annual personal income after taxes
$4,917
2026
$13,212
2026
Income share by richest 10%
34.1%
2023
34.4%
1998
Income share by poorest 10%
1.6%
2023
1.1%
1998
Government expenditure, % of GDP
13.4%
2024
23.2%
2024
Consumer prices inflation
2.87%
2023-2024
2.5%
2023-2024
Central bank interest rate
4%
2025
n/a
Unemployment rate
1.9%
2024
13.2%
2019
Population
19049936
842249

Spending and national debt comparison by year

Guatemala
Spending

Debt
Guyana
Spending

Debt
1x
Year % of GDP
Guatemala Guyana
Government spending Government debt Government spending Government debt
2024 13.4% 26.3% 23.2% 24.3%
2023 13.7% 27.2% 23.7% 26.7%
2022 14.3% 29% 20.3% 24.8%
2021 13.5% 30.6% 24.8% 45.7%
2020 15.6% 31.5% 30.5% 59.5%
2019 13.4% 26.4% 28.1% 54%
2018 13.2% 26.4% 27.6% 47.9%
2017 12.8% 25.1% 26.3% 46.1%
2016 12.6% 24.9% 25.2% 44%
2015 12.6% 24.8% 21.7% 42.2%
2014 13.6% 24.7% 23.1% 38.7%
2013 14% 25% 21.4% 41.4%
2012 14.2% 24.6% 21.8% 44.7%
2011 14.5% 23.8% 23.5% 51.7%
2010 14.5% 24% 23.9% 53.1%
2009 14.1% 22.8% 25.4% 52.3%
2008 13.3% 19.6% 24.1% 48.2%
2007 13.9% 20.8% 25.5% 47.7%
2006 14.2% 20.9% 29% 74.5%
2005 13.2% 20% 28.4% 90.7%
2004 12.9% 20.6% 23.7% 91.8%
2003 14.4% 19.8% 23.5% 95.6%
2002 13.1% 17.4% 23.1% 105.1%
2001 13.8% 19.1% 24% 104.6%
2000 13.6% 18% 22.9% 97.2%
1999 14.6% 22% 17.6% 97.1%
1998 13.2% 19% 19.7% 108%
1997 11.2% 18.5% 20.9% 101.3%
1996 9.85% 19.2% - -
1995 9.77% 21% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1999, retrieved 2026-02-20).

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

In 2024, Guatemala's government spending was $15.1B, accounting for 13.4% of its GDP, while Guyana spent $5.72B, or 23.2% of GDP.

Debt-to-GDP ratio is 26.3% in Guatemala and 24.3% in Guyana, ranking 161/185 and 168/185, respectively.

Government deficit by year

Deficit/surplus
Guatemala

Guyana
1x
Year Deficit/surplus, % of GDP
Guatemala Guyana
2024 -0.96% -7.31%
2023 -1.25% -5.78%
2022 -1.7% -5.11%
2021 -1.16% -6.94%
2020 -4.91% -7.78%
2019 -2.24% -2.52%
2018 -1.88% -2.52%
2017 -1.38% -3.14%
2016 -1.11% -3.21%
2015 -1.47% -0.75%
2014 -1.92% -3.88%
2013 -2.16% -2.16%
2012 -2.42% -3.11%
2011 -2.8% -2.13%
2010 -3.28% -1.88%
2009 -3.12% -2.5%
2008 -1.57% -2.78%
2007 -1.4% -3.35%
2006 -1.88% -6.16%
2005 -1.67% -6.54%
2004 -1.05% -2.88%
2003 -2.47% -4.81%
2002 -1.03% -2.42%
2001 -2% -3.71%
2000 -1.88% -2.27%
1999 -2.96% -0.47%
1998 -2.29% -2.67%
1997 -0.79% -1.7%
1996 0.04% -
1995 -0.53% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

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

In 2024, Guatemala's government deficit, the difference between spending and revenue, was $1.09B, equivalent to 0.96% of GDP. This compares to Guyana's deficit of $1.8B, or 7.31% of GDP.

Over the past 28 years, Guatemala recorded a fiscal deficit in 28 of those years, while Guyana ran a deficit in 28 years. On average, Guatemala posted an annual deficit equal to 1.96% of GDP, compared to deficit of 3.59% of GDP for Guyana.

Inflation comparison by year

Inflation
Guatemala

Guyana
1x
Year Consumer prices inflation
Guatemala Guyana
2024 2.87% 2.5%
2023 6.21% 4.5%
2022 6.89% 6.5%
2021 4.26% 3.3%
2020 3.21% 1.2%
2019 3.7% 2.1%
2018 3.75% 1.3%
2017 4.42% 1.9%
2016 4.45% 0.8%
2015 2.39% -0.9%
2014 3.42% 0.7%
2013 4.34% 1.9%
2012 3.78% 2.4%
2011 6.21% 4.4%
2010 3.86% 4.3%
2009 1.86% 3%
2008 11.4% 8.1%
2007 6.82% 12.2%
2006 6.56% 6.7%
2005 9.11% 6.9%
2004 7.58% 4.7%
2003 5.6% 6%
2002 8.13% 5.4%
2001 7.29% 2.6%
2000 5.98% 6.1%
1999 5.21% 7.5%
1998 6.61% 4.6%
1997 9.23% 3.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Guatemala has recorded an average annual inflation rate of 5.54%, compared with 4.08% in Guyana. In 2024, inflation was 2.87% in Guatemala and 2.5% in Guyana.

Top exports between countries

Guatemala
Export category Export value
Processed food, beverages & tobacco $5.31M
Raw materials & minerals $5.26M
Chemicals & pharma $1.59M
Machinery & equipment $502K
Textiles & consumer goods $101K
Metals $74K
Wood & paper products $68K
Miscellaneous $62K
Guyana
Export category Export value
Raw agricultural goods $157K
Wood & paper products $17K
Machinery & equipment $3K
Raw materials & minerals $1K
Textiles & consumer goods $1K

Balance of trade

Guatemala Guyana
Current account balance
$3.27B
2024
$2.35B
2023
Current account balance ranking
38/190
2024
43/190
2023
Current account balance, % of GDP
+2.89%
2024
+13.9%
2023
Goods imports
$29.1B
2024
$6B
2023
Goods exports
$13.3B
2024
$13.2B
2023
Service imports
$6.45B
2024
$4.95B
2023
Service exports
$4.65B
2024
$529M
2023
Imports of goods and services, % of GDP
31.5%
2024
109.7%
2005
Exports of goods and services, % of GDP
15.9%
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.

Guatemala Guyana
Economic freedom 63.5 58.7
Economic freedom ranking 79/197 109/197
Property rights 39.1 46.7
Government integrity 25.2 38.8
Judicial effectiveness 26.1 48.6
Tax burden 91.3 76.4
Government spending 94.3 85
Fiscal health 95.9 39.9
Business freedom 65.7 70.9
Labor freedom 52.5 76
Monetary freedom 77.3 78.5
Trade freedom 74.6 59.2
Investment freedom 70 55
Financial freedom 50 30

Economic freedom comparison by year

Guatemala
Guyana
1x
Year Economic freedom index
Guatemala Guyana
2026 63.5 58.7
2025 63.4 58.2
2024 62.4 57.3
2023 62.7 56.9
2022 63.2 59.5
2021 64 57.4
2020 64 56.2
2019 62.6 56.8
2018 63.4 58.7
2017 63 58.5
2016 61.8 55.4
2015 60.4 55.5
2014 61.2 55.7
2013 60 53.8
2012 60.9 51.3
2011 61.9 49.4
2010 61 48.4
2009 59.4 48.4
2008 59.8 48.8
2007 60.5 53.7
2006 59.1 56.6
2005 59.5 56.5
2004 59.6 53
2003 62.3 50.3
2002 62.3 54.3
2001 65.1 53.3
2000 64.3 52.4
1999 66.2 53.3
1998 65.8 52.7
1997 65.7 53.2
1996 63.7 50.1
1995 62 45.7

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Guatemala is 63.5, ranking 79/197, compared to 58.7 for Guyana, ranking 109/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guatemala Guyana
Services, % of GDP
61.8%
2024
14.5%
2024
Industry, % of GDP
21.7%
2024
76%
2024
Agriculture, forestry, and fishing, % of GDP
9.78%
2024
7.62%
2024
GNI, Atlas method
$106B
2024
$16.7B
2024
GNI per capita, PPP
$14,170
2024
$52,290
2024
Total reserves including gold
$24.4B
2024
$1.01B
2024
Total reserves ranking
57/177
2024
141/177
2024
Net foreign direct investment
-$983M
2024
$1.14B
2023
Net inflows of foreign direct investment
$1.85B
2024
$8.63B
2024
Net outflows of foreign direct investment
$865M
2024
$5.7M
2024
Servicing debt to the IMF, % of GNI
1.75%
2024
3.73%
2024
Poverty at national poverty lines
56%
2023
35%
2020
Gross capital formation, % of GDP
16.7%
2024
32.3%
2005

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2022–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1995–1999, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.