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Economy of Guatemala vs Mali compared: GDP & Debt

Updated on by Georank

Guatemala has a GDP of $123B compared to $30.1B for Mali, ranking 67/197 and 114/197 by economy size, respectively.

Guatemala has $33.5B in government debt (27.2% of GDP), compared to $12.6B (41.9% of GDP) in Mali.

Guatemala vs Mali GDP by year

Guatemala
Mali
1x
Year GDP, current $
Guatemala Mali
2025 $123,306,008,821 $30,069,148,581
2024 $113,215,575,151 $26,761,281,077
2023 $104,298,081,429 $24,777,941,861
2022 $95,609,727,056 $22,539,987,719
2021 $86,455,522,273 $22,999,245,263
2020 $77,719,468,248 $20,698,560,939
2019 $77,172,331,693 $20,477,421,885
2018 $73,328,356,008 $20,368,015,381
2017 $71,653,780,740 $18,308,362,040
2016 $66,053,408,206 $16,743,796,800
2015 $62,186,066,548 $15,583,181,170
2014 $57,852,159,008 $17,081,681,993
2013 $52,996,420,177 $15,747,192,681
2012 $49,593,929,487 $14,795,114,603
2011 $46,876,006,272 $15,452,791,789
2010 $40,676,578,423 $12,710,739,160
2009 $37,126,148,265 $12,155,217,833
2008 $38,503,720,224 $11,462,490,840
2007 $33,567,850,824 $9,699,047,443
2006 $29,744,246,827 $8,212,007,554
2005 $26,783,389,294 $7,429,066,952
2004 $23,577,298,095 $6,485,774,930
2003 $21,576,351,799 $5,605,613,011
2002 $20,444,205,991 $4,647,238,257
2001 $18,405,220,247 $4,124,281,594
2000 $19,288,929,030 $3,521,570,876
1999 $18,318,412,251 $4,091,446,054
1998 $19,395,491,993 $3,894,433,432
1997 $17,790,026,222 $3,414,879,486
1996 $15,674,835,615 $3,743,103,420
1995 $14,655,404,433 $3,373,322,735
1994 $12,983,233,311 $2,655,768,636
1993 $11,400,017,301 $3,632,801,877
1992 $10,440,781,588 $3,680,775,037
1991 $9,406,135,143 $3,576,562,682
1990 $7,650,196,845 $3,248,417,791
1989 $8,410,724,361 $2,824,822,489
1988 $7,841,602,824 $2,712,207,901
1987 $7,084,399,840 $2,437,004,680
1986 $7,231,963,516 $2,132,938,007
1985 $9,721,652,087 $1,594,347,021
1984 $9,470,000,100 $1,387,809,615
1983 $9,050,000,400 $1,496,616,127
1982 $8,716,999,700 $1,680,304,773
1981 $8,607,500,300 $2,234,583,940
1980 $7,878,700,000 $2,704,362,789
1979 $6,902,600,200 $1,595,422,956
1978 $6,070,600,200 $1,222,702,573
1977 $5,480,500,200 $1,049,838,548
1976 $4,365,300,200 $939,228,017
1975 $3,645,900,000 $830,710,615
1974 $3,161,499,900 $538,747,340
1973 $2,569,200,100 $563,683,703
1972 $2,101,300,000 $486,617,280
1971 $1,984,800,000 $395,218,629
1970 $1,904,000,000 $359,772,315
1969 $1,715,399,900 $339,913,867
1968 $1,610,500,000 $343,771,973
1967 $1,453,500,000 $275,494,478
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/mali | CC BY

GDP per capita in Guatemala vs Mali by year

Guatemala
GDP per capita

GDP per capita, PPP
Mali
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guatemala Mali
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $6,598 - $1,193 -
2024 $6,151 $14,369 $1,093 $3,315
2023 $5,754 $13,745 $1,042 $3,175
2022 $5,357 $13,014 $977 $3,014
2021 $4,913 $11,825 $1,027 $2,796
2020 $4,478 $10,947 $953 $2,724
2019 $4,512 $10,756 $972 $2,820
2018 $4,353 $9,947 $996 $2,684
2017 $4,325 $9,560 $924 $2,607
2016 $4,060 $9,201 $872 $2,532
2015 $3,894 $8,934 $838 $2,330
2014 $3,689 $8,237 $948 $2,185
2013 $3,444 $7,700 $902 $2,059
2012 $3,287 $7,258 $873 $1,990
2011 $3,169 $6,784 $938 $2,046
2010 $2,805 $6,510 $797 $2,012
2009 $2,612 $6,377 $787 $1,945
2008 $2,763 $6,435 $767 $1,893
2007 $2,459 $6,238 $671 $1,852
2006 $2,225 $5,833 $587 $1,832
2005 $2,046 $5,486 $549 $1,771
2004 $1,841 $5,263 $495 $1,730
2003 $1,723 $5,081 $442 $1,715
2002 $1,669 $4,969 $378 $1,581
2001 $1,538 $4,822 $346 $1,559
2000 $1,649 $4,715 $305 $1,357
1999 $1,604 $4,557 $364 $1,376
1998 $1,741 $4,437 $357 $1,332
1997 $1,638 $4,287 $321 $1,267
1996 $1,481 $4,143 $360 $1,224
1995 $1,421 $4,055 $331 $1,154
1994 $1,293 $3,886 $266.5 $1,147
1993 $1,166 $3,756 $372 $1,087
1992 $1,096 $3,626 $385 $1,039
1991 $1,014 $3,473 $382 $1,091
1990 $848 $3,330 $354 $956
1989 $958 - $314 -
1988 $919 - $307 -
1987 $854 - $280.7 -
1986 $896 - $250 -
1985 $1,238 - $190.4 -
1984 $1,241 - $169.1 -
1983 $1,220 - $186.3 -
1982 $1,204 - $213.8 -
1981 $1,216 - $290.5 -
1980 $1,142 - $359 -
1979 $1,026 - $216.3 -
1978 $925 - $169.1 -
1977 $856 - $148.1 -
1976 $697 - $134.9 -
1975 $595 - $121.5 -
1974 $529 - $80.2 -
1973 $441 - $85.4 -
1972 $370 - $75.1 -
1971 $358 - $62 -
1970 $353 - $57.3 -
1969 $326 - $55 -
1968 $315 - $56.5 -
1967 $291.9 - $46 -
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/mali | CC BY

Guatemala's GDP per capita is $6,598, ranking 108/197, compared to $1,193 in Mali, ranking 174/197. Adjusted for purchasing power (GDP per capita PPP), Guatemala ranks 116th at $14,369, while Mali ranks 174th at $3,315.

Economic indicators

Guatemala Mali
Gross domestic product
$123B
2025
$30.1B
2025
GDP rank
67/197
2025
114/197
2025
GDP growth
4.28%
2024-2025
5.6%
2024-2025
GDP per capita
$6,598
2025
$1,193
2025
GDP per capita rank
108/197
2025
174/197
2025
GDP per capita, PPP
$14,369
2024
$3,315
2024
GDP per capita PPP rank
116/197
2024
174/197
2024
Government debt
$33.5B
2025
$12.6B
2025
Debt-to-GDP ratio
27.2%
2025
41.9%
2025
Government debt per person
$1,793
2025
$500
2025
Government debt per person rank
122/185
2025
168/185
2025
Average annual personal income after taxes
$4,432
2026
$1,949
2026
Income share by richest 10%
34.1%
2023
28.3%
2021
Income share by poorest 10%
1.6%
2023
3.2%
2021
Government expenditure, % of GDP
14.7%
2025
20.9%
2025
Consumer prices inflation
1.49%
2024-2025
2.3%
2024-2025
Central bank interest rate
4%
2025
n/a
Unemployment rate
1.9%
2024
4.5%
2024
Population
19115361
26322576

Spending and national debt comparison by year

Guatemala
Spending

Debt
Mali
Spending

Debt
1x
Year % of GDP
Guatemala Mali
Government spending Government debt Government spending Government debt
2025 14.7% 27.2% 20.9% 41.9%
2024 13.4% 26.3% 21% 44%
2023 13.7% 27.2% 21.2% 44.3%
2022 14.3% 29% 20.8% 42.9%
2021 13.5% 30.6% 22.5% 43.2%
2020 15.6% 31.5% 22% 39.8%
2019 13.4% 26.4% 19.5% 34.3%
2018 13.2% 26.4% 17% 31.4%
2017 12.8% 25.1% 19.2% 30.1%
2016 12.6% 24.9% 18.6% 30.1%
2015 12.6% 24.8% 17.6% 25.8%
2014 13.6% 24.7% 16.8% 22.6%
2013 14% 25% 16.6% 22.2%
2012 14.2% 24.6% 13.1% 21.3%
2011 14.5% 23.8% 17.3% 20.1%
2010 14.5% 24% 17.4% 21.8%
2009 14.1% 22.8% 19.6% 18.8%
2008 13.3% 19.6% 16.2% 17.3%
2007 13.9% 20.8% 18.1% 15.6%
2006 14.2% 20.9% 18.9% 15.4%
2005 13.2% 20% 18.3% 39.5%
2004 12.9% 20.6% 18.5% 36.1%
2003 14.4% 19.8% 17.8% 37.7%
2002 13.1% 17.4% 16.8% 36%
2001 13.8% 19.1% 15.7% 66.3%
2000 13.6% 18% 16.5% 77%
1999 14.6% 22% - -
1998 13.2% 19% - -
1997 11.2% 18.5% - -
1996 9.85% 19.2% - -
1995 9.77% 21% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1999, retrieved 2026-07-08).

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

In 2025, Guatemala's government spending was $18.2B, accounting for 14.7% of its GDP, while Mali spent $6.29B, or 20.9% of GDP.

Debt-to-GDP ratio is 27.2% in Guatemala and 41.9% in Mali, ranking 163/185 and 125/185, respectively.

Government deficit by year

Deficit/surplus
Guatemala

Mali
1x
Year Deficit/surplus, % of GDP
Guatemala Mali
2025 -1.91% -1.59%
2024 -0.96% -2.16%
2023 -1.25% -3.05%
2022 -1.7% -4.05%
2021 -1.16% -4.12%
2020 -4.91% -4.56%
2019 -2.24% -1.42%
2018 -1.88% -3.97%
2017 -1.38% -2.4%
2016 -1.11% -3.3%
2015 -1.47% -1.53%
2014 -1.92% -2.43%
2013 -2.16% -1.99%
2012 -2.42% -0.8%
2011 -2.8% -2.87%
2010 -3.28% -2.21%
2009 -3.12% -3.19%
2008 -1.57% -1.69%
2007 -1.4% -2.35%
2006 -1.88% 23.7%
2005 -1.67% -2.34%
2004 -1.05% -2.01%
2003 -2.47% -1.01%
2002 -1.03% -2.61%
2001 -2% -2.39%
2000 -1.88% -2.25%
1999 -2.96% -
1998 -2.29% -
1997 -0.79% -
1996 0.04% -
1995 -0.53% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08).

GeoRank.org/economy/guatemala/mali | 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 Mali's deficit of $478M, or 1.59% of GDP.

Over the past 26 years, Guatemala recorded a fiscal deficit in 26 of those years, while Mali ran a deficit in 25 years. On average, Guatemala posted an annual deficit equal to 1.95% of GDP, compared to deficit of 1.48% of GDP for Mali.

Inflation comparison by year

Inflation
Guatemala

Mali
1x
Year Consumer prices inflation
Guatemala Mali
2025 1.49% 2.3%
2024 2.87% 3.2%
2023 6.21% 2.1%
2022 6.89% 9.7%
2021 4.26% 3.8%
2020 3.21% 0.5%
2019 3.7% -3%
2018 3.75% 1.9%
2017 4.42% 2.4%
2016 4.45% -1.8%
2015 2.39% 1.4%
2014 3.42% 0.9%
2013 4.34% -0.6%
2012 3.78% 5.3%
2011 6.21% 3%
2010 3.86% 1.2%
2009 1.86% 2.4%
2008 11.4% 9.2%
2007 6.82% 1.4%
2006 6.56% 1.6%
2005 9.11% 6.4%
2004 7.58% -3.1%
2003 5.6% -1.3%
2002 8.13% 5%
2001 7.29% 5.2%
2000 5.98% -0.8%
1999 5.21% -1.2%
1998 6.61% 4.1%
1997 9.23% -0.7%

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/mali | CC BY

Over the past 29 years, Guatemala has recorded an average annual inflation rate of 5.4%, compared with 2.09% in Mali. In 2025, inflation was 1.49% in Guatemala and 2.3% in Mali.

Top exports between countries

Guatemala
Export category Export value
Processed food, beverages & tobacco $32K
Mali
Export category Export value

Balance of trade

Guatemala Mali
Current account balance
$3.27B
2024
-$1.16B
2024
Current account balance ranking
36/190
2024
122/190
2024
Current account balance, % of GDP
+2.89%
2024
-4.33%
2024
Goods imports
$29.1B
2024
$5.49B
2024
Goods exports
$13.3B
2024
$5.48B
2024
Service imports
$6.45B
2024
$1.8B
2024
Service exports
$4.65B
2024
$516M
2024
Imports of goods and services, % of GDP
31%
2025
26.7%
2025
Exports of goods and services, % of GDP
15.6%
2025
22.1%
2025

Economic freedom indices

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

Guatemala Mali
Economic freedom 63.5 52.1
Economic freedom ranking 79/197 150/197
Property rights 39.1 13.8
Government integrity 25.2 23.2
Judicial effectiveness 26.1 23.3
Tax burden 91.3 67.9
Government spending 94.3 81.8
Fiscal health 95.9 73.6
Business freedom 65.7 40.8
Labor freedom 52.5 54.1
Monetary freedom 77.3 78.2
Trade freedom 74.6 64
Investment freedom 70 65
Financial freedom 50 40

Economic freedom comparison by year

Guatemala
Mali
1x
Year Economic freedom index
Guatemala Mali
2026 63.5 52.1
2025 63.4 52.6
2024 62.4 52.5
2023 62.7 54.5
2022 63.2 55.9
2021 64 55.6
2020 64 55.9
2019 62.6 58.1
2018 63.4 57.6
2017 63 58.6
2016 61.8 56.5
2015 60.4 56.4
2014 61.2 55.5
2013 60 56.4
2012 60.9 55.8
2011 61.9 56.3
2010 61 55.6
2009 59.4 55.6
2008 59.8 55.6
2007 60.5 54.7
2006 59.1 54.1
2005 59.5 57.3
2004 59.6 56.6
2003 62.3 58.6
2002 62.3 61.1
2001 65.1 60.1
2000 64.3 60.3
1999 66.2 58.4
1998 65.8 57.3
1997 65.7 56.4
1996 63.7 57
1995 62 52.4

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

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

The Economic Freedom Index for Guatemala is 63.5, ranking 79/197, compared to 52.1 for Mali, ranking 150/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guatemala Mali
Services, % of GDP
62.1%
2025
36.6%
2025
Industry, % of GDP
21.8%
2025
23.4%
2025
Agriculture, forestry, and fishing, % of GDP
9.55%
2025
33%
2025
GNI, Atlas method
$119B
2025
$28.3B
2025
GNI per capita, PPP
$15,020
2025
$3,400
2025
Total reserves including gold
$32.8B
2025
n/a
Total reserves ranking
57/177
2025
n/a
Net foreign direct investment
-$983M
2024
-$843M
2024
Net inflows of foreign direct investment
$1.85B
2024
$921M
2024
Net outflows of foreign direct investment
$865M
2024
$78.1M
2024
Servicing debt to the IMF, % of GNI
1.75%
2024
1.42%
2024
Poverty at national poverty lines
56%
2023
43.3%
2024
Gross capital formation, % of GDP
16.8%
2025
20%
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/mali | 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 (1995–2025, 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 (1995–1999, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. TradeMap (2020, 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.