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Economy of Guatemala vs Kiribati compared: GDP & Debt

Updated on by Georank team

Guatemala has a GDP of $113B compared to $308M for Kiribati, ranking 68/197 and 192/197 by economy size, respectively.

Guatemala has $29.8B in government debt (26.3% of GDP), compared to $30.5M (9.92% of GDP) in Kiribati.

Guatemala vs Kiribati GDP by year

Guatemala
Kiribati
1x
Year GDP, current $
Guatemala Kiribati
2024 $113,199,581,158 $307,862,564
2023 $104,368,755,055 $288,610,748
2022 $95,641,446,501 $270,040,453
2021 $86,455,522,273 $285,259,881
2020 $77,719,468,248 $220,898,020
2019 $77,172,331,693 $216,985,388
2018 $73,328,356,008 $233,514,717
2017 $71,653,780,740 $222,875,736
2016 $66,053,408,206 $206,467,819
2015 $62,186,066,548 $191,559,399
2014 $57,852,159,008 $200,287,282
2013 $52,996,420,177 $201,730,861
2012 $49,593,929,487 $207,001,546
2011 $46,876,006,272 $195,970,140
2010 $40,676,578,423 $165,458,433
2009 $37,126,148,265 $140,177,384
2008 $38,503,720,224 $147,017,895
2007 $33,567,850,824 $138,054,946
2006 $29,744,246,827 $112,338,353
2005 $26,783,389,294 $113,895,437
2004 $23,577,298,095 $104,085,892
2003 $21,576,351,799 $96,105,619
2002 $20,444,205,991 $74,743,869
2001 $18,405,220,247 $64,935,850
2000 $19,288,929,030 $74,910,527
1999 $18,318,412,251 $77,323,978
1998 $19,395,491,993 $74,905,706
1997 $17,790,026,222 $80,205,807
1996 $15,674,835,615 $81,456,854
1995 $14,655,404,433 $68,596,395
1994 $12,983,233,311 $67,055,334
1993 $11,400,017,301 $58,953,596
1992 $10,440,781,588 $61,491,369
1991 $9,406,135,143 $41,247,792
1990 $7,650,196,845 $36,534,295
1989 $8,410,724,361 $37,645,319
1988 $7,841,602,824 $38,278,810
1987 $7,084,399,840 $29,554,413
1986 $7,231,963,516 $25,993,009
1985 $9,721,652,087 $26,126,615
1984 $9,470,000,100 $34,394,167
1983 $9,050,000,400 $31,000,546
1982 $8,716,999,700 $32,742,713
1981 $8,607,500,300 $35,267,489
1980 $7,878,700,000 $33,157,723
1979 $6,902,600,200 $34,466,197
1978 $6,070,600,200 $36,563,965
1977 $5,480,500,200 $31,335,459
1976 $4,365,300,200 $33,246,817
1975 $3,645,900,000 $44,547,454
1974 $3,161,499,900 $69,256,489
1973 $2,569,200,100 $25,645,040
1972 $2,101,300,000 $15,314,346
1971 $1,984,800,000 $12,356,134
1970 $1,904,000,000 $11,560,877
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 (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Guatemala vs Kiribati by year

Guatemala
GDP per capita

GDP per capita, PPP
Kiribati
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guatemala Kiribati
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,150 $14,369 $2,289 $3,702
2023 $5,758 $13,745 $2,178 $3,486
2022 $5,359 $13,014 $2,070 $3,329
2021 $4,913 $11,825 $2,222 $3,020
2020 $4,478 $10,947 $1,752 $2,711
2019 $4,512 $10,756 $1,751 $2,763
2018 $4,353 $9,947 $1,913 $2,672
2017 $4,325 $9,560 $1,853 $2,562
2016 $4,060 $9,201 $1,743 $2,463
2015 $3,894 $8,934 $1,640 $2,311
2014 $3,689 $8,237 $1,737 $2,084
2013 $3,444 $7,700 $1,772 $2,049
2012 $3,287 $7,258 $1,844 $1,896
2011 $3,169 $6,784 $1,771 $1,786
2010 $2,805 $6,510 $1,522 $1,724
2009 $2,612 $6,377 $1,317 $1,718
2008 $2,763 $6,435 $1,411 $1,735
2007 $2,459 $6,238 $1,353 $1,792
2006 $2,225 $5,833 $1,123 $1,728
2005 $2,046 $5,486 $1,162 $1,617
2004 $1,841 $5,263 $1,083 $1,579
2003 $1,723 $5,081 $1,021 $1,578
2002 $1,669 $4,969 $810 $1,605
2001 $1,538 $4,822 $719 $1,591
2000 $1,649 $4,715 $845 $1,638
1999 $1,604 $4,557 $887 $1,526
1998 $1,741 $4,437 $874 $1,593
1997 $1,638 $4,287 $953 $1,535
1996 $1,481 $4,143 $986 $1,519
1995 $1,421 $4,055 $844 $1,518
1994 $1,293 $3,886 $838 $1,469
1993 $1,166 $3,756 $748 $1,431
1992 $1,096 $3,626 $792 $1,421
1991 $1,014 $3,473 $540 $1,139
1990 $848 $3,330 $488 $1,192
1989 $958 - $515 -
1988 $919 - $536 -
1987 $854 - $424 -
1986 $896 - $382 -
1985 $1,238 - $393 -
1984 $1,241 - $527 -
1983 $1,220 - $483 -
1982 $1,204 - $519 -
1981 $1,216 - $568 -
1980 $1,142 - $542 -
1979 $1,026 - $573 -
1978 $925 - $611 -
1977 $856 - $520 -
1976 $697 - $548 -
1975 $595 - $730 -
1974 $529 - $1,131 -
1973 $441 - $422 -
1972 $370 - $256.2 -
1971 $358 - $210.7 -
1970 $353 - $201 -
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 (1960–2024, retrieved 2026-04-06).

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

Guatemala's GDP per capita is $6,150, ranking 112/197, compared to $2,289 in Kiribati, ranking 152/197. Adjusted for purchasing power (GDP per capita PPP), Guatemala ranks 116th at $14,369, while Kiribati ranks 169th at $3,702.

Economic indicators

Guatemala Kiribati
Gross domestic product
$113B
2024
$308M
2024
GDP rank
68/197
2024
192/197
2024
GDP growth
3.65%
2023-2024
5.27%
2023-2024
GDP per capita
$6,150
2024
$2,289
2024
GDP per capita rank
112/197
2024
152/197
2024
GDP per capita, PPP
$14,369
2024
$3,702
2024
GDP per capita PPP rank
116/197
2024
169/197
2024
Government debt
$29.8B
2024
$30.5M
2024
Debt-to-GDP ratio
26.3%
2024
9.92%
2024
Government debt per person
$1,619
2024
$226.9
2024
Government debt per person rank
124/185
2024
181/185
2024
Average annual personal income after taxes
$4,917
2026
$1,967
2026
Income share by richest 10%
34.1%
2023
22.8%
2019
Income share by poorest 10%
1.6%
2023
4%
2019
Government expenditure, % of GDP
13.4%
2024
98.1%
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
2.79%
2023
Population
19049936
139020

Spending and national debt comparison by year

Guatemala
Spending

Debt
Kiribati
Spending

Debt
1x
Year % of GDP
Guatemala Kiribati
Government spending Government debt Government spending Government debt
2024 13.4% 26.3% 98.1% 9.92%
2023 13.7% 27.2% 95.3% 11.4%
2022 14.3% 29% 87.5% 16.3%
2021 13.5% 30.6% 84% 17.3%
2020 15.6% 31.5% 102.2% 21%
2019 13.4% 26.4% 108.3% 19%
2018 13.2% 26.4% 108.8% 19%
2017 12.8% 25.1% 92.1% 20.2%
2016 12.6% 24.9% 99% 21.2%
2015 12.6% 24.8% 90.9% 18.8%
2014 13.6% 24.7% 101.2% 8.97%
2013 14% 25% 78% 8.86%
2012 14.2% 24.6% 83.9% 8.13%
2011 14.5% 23.8% 80.9% 8.8%
2010 14.5% 24% 75.7% 9.43%
2009 14.1% 22.8% 74.7% 10.3%
2008 13.3% 19.6% 79.4% 13.9%
2007 13.9% 20.8% 77.3% 11.1%
2006 14.2% 20.9% 82.1% 12.9%
2005 13.2% 20% 95.6% 12.1%
2004 12.9% 20.6% 103.8% 13.6%
2003 14.4% 19.8% 84.4% 12.3%
2002 13.1% 17.4% 96.9% 13.3%
2001 13.8% 19.1% 101.3% 17%
2000 13.6% 18% 66% 12.7%
1999 14.6% 22% 77.6% 11.8%
1998 13.2% 19% 74.7% 9.81%
1997 11.2% 18.5% 70.9% 10.7%
1996 9.85% 19.2% 68.4% 11%
1995 9.77% 21% 69.6% 12.3%
1994 - - 54.6% 12.3%
1993 - - 55.3% 10.9%
1992 - - 65.9% 7.31%
1991 - - 82.1% 8.43%
1990 - - 105.5% 7.72%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1999, retrieved 2026-02-20).

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

In 2024, Guatemala's government spending was $15.1B, accounting for 13.4% of its GDP, while Kiribati spent $302M, or 98.1% of GDP.

Debt-to-GDP ratio is 26.3% in Guatemala and 9.92% in Kiribati, ranking 161/185 and 180/185, respectively.

Government deficit by year

Deficit/surplus
Guatemala

Kiribati
1x
Year Deficit/surplus, % of GDP
Guatemala Kiribati
2024 -0.96% -22%
2023 -1.25% 0.13%
2022 -1.7% -18.3%
2021 -1.16% -10.8%
2020 -4.91% 3.57%
2019 -2.24% 10.8%
2018 -1.88% 5.18%
2017 -1.38% 34.1%
2016 -1.11% 20.1%
2015 -1.47% 42.5%
2014 -1.92% 35%
2013 -2.16% 11.8%
2012 -2.42% -5.43%
2011 -2.8% -17.6%
2010 -3.28% -7.8%
2009 -3.12% -8.56%
2008 -1.57% -15.8%
2007 -1.4% -12.5%
2006 -1.88% -12.3%
2005 -1.67% -9.96%
2004 -1.05% -19.2%
2003 -2.47% -8.93%
2002 -1.03% 3.13%
2001 -2% -10.9%
2000 -1.88% -0.03%
1999 -2.96% -1.81%
1998 -2.29% 14.6%
1997 -0.79% 5.92%
1996 0.04% -20.2%
1995 -0.53% -5.14%
1994 - 0.74%
1993 - 6.27%
1992 - 0.79%
1991 - 3.87%
1990 - -4.62%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/guatemala/kiribati | 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 Kiribati's deficit of $67.7M, or 22% of GDP.

Over the past 30 years, Guatemala recorded a fiscal deficit in 29 of those years, while Kiribati ran a deficit in 18 years. On average, Guatemala posted an annual deficit equal to 1.84% of GDP, compared to deficit of 0.68% of GDP for Kiribati.

Inflation comparison by year

Inflation
Guatemala

Kiribati
1x
Year Consumer prices inflation
Guatemala Kiribati
2024 2.87% 2.5%
2023 6.21% 9.3%
2022 6.89% 5.3%
2021 4.26% 2.1%
2020 3.21% 2.6%
2019 3.7% -1.8%
2018 3.75% 0.6%
2017 4.42% 0.4%
2016 4.45% 1.9%
2015 2.39% 0.6%
2014 3.42% 2.1%
2013 4.34% -1.5%
2012 3.78% -3%
2011 6.21% 1.5%
2010 3.86% -3.9%
2009 1.86% 9.8%
2008 11.4% 13.7%
2007 6.82% 3.6%
2006 6.56% -1%
2005 9.11% -0.4%
2004 7.58% -0.7%
2003 5.6% 1.6%
2002 8.13% 3.2%
2001 7.29% 6%
2000 5.98% 0.4%
1999 5.21% 1.8%
1998 6.61% 3.7%
1997 9.23% 2.6%

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/kiribati | CC BY

Over the past 28 years, Guatemala has recorded an average annual inflation rate of 5.54%, compared with 2.25% in Kiribati. In 2024, inflation was 2.87% in Guatemala and 2.5% in Kiribati.

Balance of trade

Guatemala Kiribati
Current account balance
$3.27B
2024
-$59.5M
2024
Current account balance ranking
38/190
2024
85/190
2024
Current account balance, % of GDP
+2.89%
2024
-19.3%
2024
Goods imports
$29.1B
2024
$227M
2024
Goods exports
$13.3B
2024
$8.49M
2024
Service imports
$6.45B
2024
$108M
2024
Service exports
$4.65B
2024
$7M
2024
Imports of goods and services, % of GDP
31.5%
2024
94.9%
2024
Exports of goods and services, % of GDP
15.9%
2024
6.27%
2024

Economic freedom indices

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

Guatemala Kiribati
Economic freedom 63.5 50.8
Economic freedom ranking 79/197 158/197
Property rights 39.1 69.6
Government integrity 25.2 50.5
Judicial effectiveness 26.1 54.6
Tax burden 91.3 72.6
Government spending 94.3 0
Fiscal health 95.9 19.8
Business freedom 65.7 60.2
Labor freedom 52.5 65.3
Monetary freedom 77.3 76.7
Trade freedom 74.6 80
Investment freedom 70 30
Financial freedom 50 30

Economic freedom comparison by year

Guatemala
Kiribati
1x
Year Economic freedom index
Guatemala Kiribati
2026 63.5 50.8
2025 63.4 50.9
2024 62.4 51.3
2023 62.7 58.8
2022 63.2 59.2
2021 64 44.4
2020 64 45.2
2019 62.6 47.3
2018 63.4 50.8
2017 63 50.9
2016 61.8 46.2
2015 60.4 46.4
2014 61.2 46.3
2013 60 45.9
2012 60.9 46.9
2011 61.9 44.8
2010 61 43.7
2009 59.4 45.7
2008 59.8 -
2007 60.5 -
2006 59.1 -
2005 59.5 -
2004 59.6 -
2003 62.3 -
2002 62.3 -
2001 65.1 -
2000 64.3 -
1999 66.2 -
1998 65.8 -
1997 65.7 -
1996 63.7 -
1995 62 -

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

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

The Economic Freedom Index for Guatemala is 63.5, ranking 79/197, compared to 50.8 for Kiribati, ranking 158/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guatemala Kiribati
Services, % of GDP
61.8%
2024
67.1%
2023
Industry, % of GDP
21.7%
2024
11.5%
2023
Agriculture, forestry, and fishing, % of GDP
9.78%
2024
27.2%
2023
GNI, Atlas method
$106B
2024
$493M
2024
GNI per capita, PPP
$14,170
2024
$6,060
2024
Total reserves including gold
$24.4B
2024
n/a
Total reserves ranking
57/177
2024
n/a
Net foreign direct investment
-$983M
2024
-$8.06M
2024
Net inflows of foreign direct investment
$1.85B
2024
$8.07M
2024
Net outflows of foreign direct investment
$865M
2024
$16.4K
2024
Servicing debt to the IMF, % of GNI
1.75%
2024
n/a
Poverty at national poverty lines
56%
2023
5.5%
2023
Gross capital formation, % of GDP
16.7%
2024
25.8%
2023

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/kiribati | 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 (1990–2024, 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. International Monetary Fund (IMF) | Public Finances in Modern History (1995–1999, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

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.