Guatemala vs Iraq: Economic Indicators Comparison

Iraq with a GDP of $224.2B ranked the 50th largest economy in the world, while Guatemala ranked 70th with $78.5B. By GDP 5-years average growth and GDP per capita, Iraq and Guatemala ranked 85th vs 69th and 103rd vs 112th, respectively.

Gross Domestic Product & Income

StatGuatemalaIraq
GDP$78.5B$224.2B
GDP growth, 1 year3.1%0.6%
GDP growth, 5-years average3.5%3.1%
Population17.3M38.3M
GDP per capita$4.5k$5.8k
GDP per capita growth1.15%-2.84%
Purchasing Power Parity conversion factor4.04395.51
Price level ratio of PPP conversion factor GDP to market exchange rate0.540.33
GDP per capita, PPP adjusted$8.4k$18k
GNI, Atlas method$75.9B$193.6B
GNI per capita$4.4k$5k
GNI, PPP adjusted$143.4B$661.5B
GNI per capita, PPP adjusted$8.3k$17k

Financial system and Human development

StatGuatemalaIraq
Income Tax Rate31%15%
Corporate Tax Rate31%15%
Inflation, consumer prices3.8%0.4%
Inflation, GDP deflator2.9%15.4%
Unemployment2.7%7.9%
Economic Freedom Index6421
Personal Freedom Index7.143.21
Human Freedom Index7.214.28
Property Rights Index45.543.9
Judical Effectiveness Index32.211.2
Business Freedom Index62.652.6
Fiscal Health Index95.776.6
Labor Freedom Index48.444.8
Investment Freedom Index70N/A
Financial Freedom Index50N/A
Trade Freedom Index82.2N/A
Monetary Freedom Index77.476.4
Government Spending Index95.659.5
Tax Burden Index79.2N/A
Government Integrity Index29.620.8
Corruption Perceptions Index2718
Life expectancy at birth, years73.870.3
Suicide mortality rate, per 100,000 people2.73
Mortality caused by road traffic injury, per 100,000 people16.620.7
Intentional homicides, per 100,000 people26.19.9
International tourism, number of arrivals1.8M892k

Government debt & reserves

StatGuatemalaIraq
Central government debt, % of GDP24.5%48.4%
External debt stocks, % of GNI29%N/A
External debt stocks$22.3BN/A
Short-term debt, % of total reserves7.3%N/A
Total debt service, % of exports and primary income26.7%N/A
Adjusted net savings including particulate emission damage, % of GNI1.9%-7%
Gross savings, % of GDP13.4%20.1%
Gross capital formation, % of GDP12.1%12.9%
Total reserves including gold$12.6B$64.7B
Foreign direct investment net inflows$1.1B-$4.9B

Exports, imports and economic structure

StatGuatemalaIraq
Exports of goods and services, % of GDP18.1%44%
Imports of goods and services, % of GDP27.7%35.9%
Current account balance (balance of payments)$665M$34.4B
Revenue excluding grants, % of GDP11%26.3%
Grants excluding technical cooperation, BoP$342.5M$1.7B
Personal remittances received$9.4B$741.7M
Industry including construction value added, % of GDP24.6%56.1%
Agriculture, forestry and fishing value added, % of GDP10%2%
Charges for the use of intellectual property, payments BoP$209.8M$7.8M
Charges for the use of intellectual property, receipts BoP$700k$100k
Expense, % of GDP11.8%25.3%
Government Expenditure, % of GDP12.1%36.7%

Compare with countries close by GDP per capita

Guatemala vs

CountryGDP
per capita
Population
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M

Iraq vs

CountryGDP
per capita
Population
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M