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Economy of Guatemala vs Maldives compared: GDP & Debt

Updated on by Georank team

Guatemala has a GDP of $113B compared to $7.06B for Maldives, ranking 68/197 and 159/197 by economy size, respectively.

Guatemala has $29.8B in government debt (26.3% of GDP), compared to $9.41B (133.3% of GDP) in Maldives.

Guatemala vs Maldives GDP by year

Guatemala
Maldives
1x
Year GDP, current $
Guatemala Maldives
2024 $113,199,581,158 $7,061,608,267
2023 $104,368,755,055 $6,621,008,704
2022 $95,641,446,501 $6,177,123,352
2021 $86,455,522,273 $5,252,457,370
2020 $77,719,468,248 $3,712,604,583
2019 $77,172,331,693 $5,726,094,799
2018 $73,328,356,008 $5,404,344,163
2017 $71,653,780,740 $4,816,426,257
2016 $66,053,408,206 $4,409,942,624
2015 $62,186,066,548 $4,129,505,319
2014 $57,852,159,008 $3,697,353,039
2013 $52,996,420,177 $3,295,009,238
2012 $49,593,929,487 $2,886,163,997
2011 $46,876,006,272 $2,774,350,240
2010 $40,676,578,423 $2,588,176,055
2009 $37,126,148,265 $2,345,294,875
2008 $38,503,720,224 $2,271,646,188
2007 $33,567,850,824 $1,868,383,461
2006 $29,744,246,827 $1,575,200,391
2005 $26,783,389,294 $1,163,362,438
2004 $23,577,298,095 $1,226,829,563
2003 $21,576,351,799 $1,052,121,055
2002 $20,444,205,991 $897,031,250
2001 $18,405,220,247 $870,031,677
2000 $19,288,929,030 $624,337,145
1999 $18,318,412,251 $589,239,754
1998 $19,395,491,993 $540,096,398
1997 $17,790,026,222 $508,223,602
1996 $15,674,835,615 $450,382,328
1995 $14,655,404,433 $398,988,955
1994 $12,983,233,311 $356,014,932
1993 $11,400,017,301 $322,417,837
1992 $10,440,781,588 $284,875,809
1991 $9,406,135,143 $244,396,762
1990 $7,650,196,845 $215,043,970
1989 $8,410,724,361 $189,514,434
1988 $7,841,602,824 $168,514,513
1987 $7,084,399,840 $141,223,029
1986 $7,231,963,516 $141,882,254
1985 $9,721,652,087 $127,190,758
1984 $9,470,000,100 $109,503,546
1983 $9,050,000,400 $57,829,787
1982 $8,716,999,700 $47,911,340
1981 $8,607,500,300 $44,781,457
1980 $7,878,700,000 $42,463,576
1979 $6,902,600,200 $38,523,364
1978 $6,070,600,200 $24,369,109
1977 $5,480,500,200 $20,853,789
1976 $4,365,300,200 $22,399,467
1975 $3,645,900,000 $24,540,878
1974 $3,161,499,900 $39,120,171
1973 $2,569,200,100 $30,862,042
1972 $2,101,300,000 $25,177,138
1971 $1,984,800,000 $21,566,404
1970 $1,904,000,000 $19,328,038
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/maldives | CC BY

GDP per capita in Guatemala vs Maldives by year

Guatemala
GDP per capita

GDP per capita, PPP
Maldives
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guatemala Maldives
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,150 $14,369 $13,379 $26,183
2023 $5,758 $13,745 $12,588 $24,786
2022 $5,359 $13,014 $11,786 $22,881
2021 $4,913 $11,825 $10,176 $19,053
2020 $4,478 $10,947 $7,394 $13,425
2019 $4,512 $10,756 $11,740 $23,077
2018 $4,353 $9,947 $11,423 $21,899
2017 $4,325 $9,560 $10,510 $19,768
2016 $4,060 $9,201 $9,948 $18,770
2015 $3,894 $8,934 $9,645 $17,875
2014 $3,689 $8,237 $8,939 $16,723
2013 $3,444 $7,700 $8,236 $15,264
2012 $3,287 $7,258 $7,461 $13,989
2011 $3,169 $6,784 $7,425 $13,726
2010 $2,805 $6,510 $7,174 $12,797
2009 $2,612 $6,377 $6,734 $12,266
2008 $2,763 $6,435 $6,757 $13,779
2007 $2,459 $6,238 $5,758 $12,852
2006 $2,225 $5,833 $5,019 $12,075
2005 $2,046 $5,486 $3,797 $9,704
2004 $1,841 $5,263 $4,070 $10,770
2003 $1,723 $5,081 $3,549 $10,065
2002 $1,669 $4,969 $3,076 $8,823
2001 $1,538 $4,822 $3,034 $8,236
2000 $1,649 $4,715 $2,214 $8,526
1999 $1,604 $4,557 $2,124 $8,162
1998 $1,741 $4,437 $1,980 $7,710
1997 $1,638 $4,287 $1,898 $7,226
1996 $1,481 $4,143 $1,717 $6,687
1995 $1,421 $4,055 $1,555 $6,223
1994 $1,293 $3,886 $1,419 $5,520
1993 $1,166 $3,756 $1,317 $5,138
1992 $1,096 $3,626 $1,194 $4,881
1991 $1,014 $3,473 $1,054 $4,604
1990 $848 $3,330 $957 $4,528
1989 $958 - $870 -
1988 $919 - $799 -
1987 $854 - $692 -
1986 $896 - $720 -
1985 $1,238 - $669 -
1984 $1,241 - $594 -
1983 $1,220 - $323 -
1982 $1,204 - $274.8 -
1981 $1,216 - $264.1 -
1980 $1,142 - $257.6 -
1979 $1,026 - $240.2 -
1978 $925 - $156.1 -
1977 $856 - $137.3 -
1976 $697 - $151.8 -
1975 $595 - $171.4 -
1974 $529 - $281.5 -
1973 $441 - $228.7 -
1972 $370 - $192.2 -
1971 $358 - $169.8 -
1970 $353 - $156.9 -
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/maldives | CC BY

Guatemala's GDP per capita is $6,150, ranking 112/197, compared to $13,379 in Maldives, ranking 75/197. Adjusted for purchasing power (GDP per capita PPP), Guatemala ranks 116th at $14,369, while Maldives ranks 81st at $26,183.

Economic indicators

Guatemala Maldives
Gross domestic product
$113B
2024
$7.06B
2024
GDP rank
68/197
2024
159/197
2024
GDP growth
3.65%
2023-2024
3.49%
2023-2024
GDP per capita
$6,150
2024
$13,379
2024
GDP per capita rank
112/197
2024
75/197
2024
GDP per capita, PPP
$14,369
2024
$26,183
2024
GDP per capita PPP rank
116/197
2024
81/197
2024
Government debt
$29.8B
2024
$9.41B
2024
Debt-to-GDP ratio
26.3%
2024
133.3%
2024
Government debt per person
$1,619
2024
$17,837
2024
Government debt per person rank
124/185
2024
35/185
2024
Average annual personal income after taxes
$4,917
2026
$9,909
2026
Income share by richest 10%
34.1%
2023
23.3%
2019
Income share by poorest 10%
1.6%
2023
3.8%
2019
Government expenditure, % of GDP
13.4%
2024
46.1%
2024
Consumer prices inflation
2.87%
2023-2024
1.4%
2023-2024
Central bank interest rate
4%
2025
n/a
Unemployment rate
1.9%
2024
4.56%
2019
Population
19049936
532057

Spending and national debt comparison by year

Guatemala
Spending

Debt
Maldives
Spending

Debt
1x
Year % of GDP
Guatemala Maldives
Government spending Government debt Government spending Government debt
2024 13.4% 26.3% 46.1% 133.3%
2023 13.7% 27.2% 46.7% 122.4%
2022 14.3% 29% 42% 111.6%
2021 13.5% 30.6% 40.6% 123.4%
2020 15.6% 31.5% 50.4% 155.7%
2019 13.4% 26.4% 32.9% 77.2%
2018 13.2% 26.4% 31.9% 70.7%
2017 12.8% 25.1% 30.4% 63.8%
2016 12.6% 24.9% 37.3% 61.9%
2015 12.6% 24.8% 33.8% 54.8%
2014 13.6% 24.7% 29.1% 55.1%
2013 14% 25% 27% 55.9%
2012 14.2% 24.6% 29.8% 57.1%
2011 14.5% 23.8% 31.3% 51.9%
2010 14.5% 24% 33.2% 52.7%
2009 14.1% 22.8% 37% 48.4%
2008 13.3% 19.6% 35.6% 39%
2007 13.9% 20.8% 34.8% 35.8%
2006 14.2% 20.9% 35% 36.8%
2005 13.2% 20% 38.8% 43.2%
2004 12.9% 20.6% 24.1% 34.7%
2003 14.4% 19.8% 26.4% 37.6%
2002 13.1% 17.4% 29.6% 44.3%
2001 13.8% 19.1% 29.6% 41.8%
2000 13.6% 18% 29% 39%
1999 14.6% 22% 28% 38.9%
1998 13.2% 19% 25.9% 39.3%
1997 11.2% 18.5% 25.2% 38.1%
1996 9.85% 19.2% 27.3% 46.9%
1995 9.77% 21% 31.3% 52.2%
1994 - - 30.7% 54.6%
1993 - - 34.7% 55.7%
1992 - - 36.1% 49%
1991 - - 37.7% 46.7%
1990 - - 33.3% 42.4%

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

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

In 2024, Guatemala's government spending was $15.1B, accounting for 13.4% of its GDP, while Maldives spent $3.25B, or 46.1% of GDP.

Debt-to-GDP ratio is 26.3% in Guatemala and 133.3% in Maldives, ranking 161/185 and 10/185, respectively.

Government deficit by year

Deficit/surplus
Guatemala

Maldives
1x
Year Deficit/surplus, % of GDP
Guatemala Maldives
2024 -0.96% -13.9%
2023 -1.25% -13.2%
2022 -1.7% -11.2%
2021 -1.16% -14.2%
2020 -4.91% -23.7%
2019 -2.24% -6.54%
2018 -1.88% -5.17%
2017 -1.38% -3.02%
2016 -1.11% -9.93%
2015 -1.47% -6.52%
2014 -1.92% -2.42%
2013 -2.16% -3.49%
2012 -2.42% -6.91%
2011 -2.8% -8.13%
2010 -3.28% -13.6%
2009 -3.12% -17.9%
2008 -1.57% -9.92%
2007 -1.4% -3.16%
2006 -1.88% -4.52%
2005 -1.67% -7.81%
2004 -1.05% -2.26%
2003 -2.47% -3.45%
2002 -1.03% -3.97%
2001 -2% -3.97%
2000 -1.88% -3.89%
1999 -2.96% -3.03%
1998 -2.29% -2.25%
1997 -0.79% -1.46%
1996 0.04% -2.01%
1995 -0.53% -5.66%
1994 - -4.82%
1993 - -13.9%
1992 - -12.6%
1991 - -10.2%
1990 - -12.8%

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

GeoRank.org/economy/guatemala/maldives | 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 Maldives' deficit of $982M, or 13.9% of GDP.

Over the past 30 years, Guatemala recorded a fiscal deficit in 29 of those years, while Maldives ran a deficit in 30 years. On average, Guatemala posted an annual deficit equal to 1.84% of GDP, compared to deficit of 7.24% of GDP for Maldives.

Inflation comparison by year

Inflation
Guatemala

Maldives
1x
Year Consumer prices inflation
Guatemala Maldives
2024 2.87% 1.4%
2023 6.21% 2.6%
2022 6.89% 2.6%
2021 4.26% 0.2%
2020 3.21% -1.6%
2019 3.7% 1.3%
2018 3.75% 1.4%
2017 4.42% 2.3%
2016 4.45% 0.8%
2015 2.39% 1.4%
2014 3.42% 2.4%
2013 4.34% 4%
2012 3.78% 10.9%
2011 6.21% 11.3%
2010 3.86% 6.1%
2009 1.86% 4.5%
2008 11.4% 12%
2007 6.82% 6.8%
2006 6.56% 3.5%
2005 9.11% 2.5%
2004 7.58% 6.3%
2003 5.6% -2.8%
2002 8.13% 0.9%
2001 7.29% 0.7%
2000 5.98% -1.2%
1999 5.21% 3%
1998 6.61% -1.4%
1997 9.23% 7.6%

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/maldives | CC BY

Over the past 28 years, Guatemala has recorded an average annual inflation rate of 5.54%, compared with 3.2% in Maldives. In 2024, inflation was 2.87% in Guatemala and 1.4% in Maldives.

Top exports between countries

Guatemala
Export category Export value
Textiles & consumer goods $23K
Maldives
Export category Export value

Balance of trade

Guatemala Maldives
Current account balance
$3.27B
2024
-$1.32B
2024
Current account balance ranking
38/190
2024
130/190
2024
Current account balance, % of GDP
+2.89%
2024
-18.7%
2024
Goods imports
$29.1B
2024
$3.46B
2024
Goods exports
$13.3B
2024
$383M
2024
Service imports
$6.45B
2024
$1.89B
2024
Service exports
$4.65B
2024
$5.03B
2024
Imports of goods and services, % of GDP
31.5%
2024
78.3%
2024
Exports of goods and services, % of GDP
15.9%
2024
78.2%
2024

Economic freedom indices

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

Guatemala Maldives
Economic freedom 63.5 47.6
Economic freedom ranking 79/197 174/197
Property rights 39.1 52.2
Government integrity 25.2 41.9
Judicial effectiveness 26.1 39.3
Tax burden 91.3 89.9
Government spending 94.3 39.5
Fiscal health 95.9 0
Business freedom 65.7 49.7
Labor freedom 52.5 54.1
Monetary freedom 77.3 76.4
Trade freedom 74.6 62.8
Investment freedom 70 35
Financial freedom 50 30

Economic freedom comparison by year

Guatemala
Maldives
1x
Year Economic freedom index
Guatemala Maldives
2026 63.5 47.6
2025 63.4 48.3
2024 62.4 47.8
2023 62.7 46.6
2022 63.2 47.3
2021 64 55.2
2020 64 56.5
2019 62.6 53.2
2018 63.4 51.1
2017 63 50.3
2016 61.8 53.9
2015 60.4 53.4
2014 61.2 51
2013 60 49
2012 60.9 49.2
2011 61.9 48.3
2010 61 49
2009 59.4 51.3
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/maldives | CC BY

The Economic Freedom Index for Guatemala is 63.5, ranking 79/197, compared to 47.6 for Maldives, ranking 174/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guatemala Maldives
Services, % of GDP
61.8%
2024
72.1%
2024
Industry, % of GDP
21.7%
2024
9.2%
2024
Agriculture, forestry, and fishing, % of GDP
9.78%
2024
3.84%
2024
GNI, Atlas method
$106B
2024
$6.15B
2024
GNI per capita, PPP
$14,170
2024
$23,400
2024
Total reserves including gold
$24.4B
2024
$674M
2024
Total reserves ranking
57/177
2024
150/177
2024
Net foreign direct investment
-$983M
2024
-$806M
2024
Net inflows of foreign direct investment
$1.85B
2024
$806M
2024
Net outflows of foreign direct investment
$865M
2024
$0
2024
Servicing debt to the IMF, % of GNI
1.75%
2024
7.95%
2024
Poverty at national poverty lines
56%
2023
15%
2020
Gross capital formation, % of GDP
16.7%
2024
30.8%
2024

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/maldives | 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 (1990–1999, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)
  9. TradeMap (2020, retrieved 2026-02-08)

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.