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Economy of Guatemala vs Mauritania compared: GDP & Debt

Updated on by Georank

Guatemala has a GDP of $123B compared to $11.7B for Mauritania, ranking 67/197 and 153/197 by economy size, respectively.

Guatemala has $33.5B in government debt (27.2% of GDP), compared to $4.68B (40.1% of GDP) in Mauritania.

Guatemala vs Mauritania GDP by year

Guatemala
Mauritania
1x
Year GDP, current $
Guatemala Mauritania
2025 $123,306,008,821 $11,679,910,946
2024 $113,215,575,151 $10,879,212,033
2023 $104,298,081,429 $10,687,541,640
2022 $95,609,727,056 $9,562,497,461
2021 $86,455,522,273 $9,221,044,667
2020 $77,719,468,248 $8,260,567,357
2019 $77,172,331,693 $7,894,764,886
2018 $73,328,356,008 $7,475,471,310
2017 $71,653,780,740 $6,812,472,965
2016 $66,053,408,206 $6,407,900,701
2015 $62,186,066,548 $6,182,303,677
2014 $57,852,159,008 $6,615,483,550
2013 $52,996,420,177 $7,230,646,063
2012 $49,593,929,487 $6,728,208,836
2011 $46,876,006,272 $6,764,627,746
2010 $40,676,578,423 $5,628,878,798
2009 $37,126,148,265 $4,714,595,548
2008 $38,503,720,224 $5,206,437,194
2007 $33,567,850,824 $4,346,212,355
2006 $29,744,246,827 $3,919,577,286
2005 $26,783,389,294 $2,936,019,526
2004 $23,577,298,095 $2,362,501,023
2003 $21,576,351,799 $2,051,147,607
2002 $20,444,205,991 $1,777,057,481
2001 $18,405,220,247 $1,746,063,558
2000 $19,288,929,030 $1,779,520,886
1999 $18,318,412,251 $1,985,922,776
1998 $19,395,491,993 $2,032,347,665
1997 $17,790,026,222 $2,071,996,564
1996 $15,674,835,615 $2,132,087,009
1995 $14,655,404,433 $2,091,726,101
1994 $12,983,233,311 $1,944,876,755
1993 $11,400,017,301 $1,847,353,211
1992 $10,440,781,588 $2,164,298,425
1991 $9,406,135,143 $2,133,692,697
1990 $7,650,196,845 $1,506,914,408
1989 $8,410,724,361 $1,450,647,019
1988 $7,841,602,824 $1,414,951,290
1987 $7,084,399,840 $1,344,664,725
1986 $7,231,963,516 $1,186,628,778
1985 $9,721,652,087 $1,009,723,326
1984 $9,470,000,100 $1,074,373,230
1983 $9,050,000,400 $1,165,171,263
1982 $8,716,999,700 $1,108,776,653
1981 $8,607,500,300 $1,105,494,682
1980 $7,878,700,000 $1,047,925,106
1979 $6,902,600,200 $951,900,945
1978 $6,070,600,200 $804,629,877
1977 $5,480,500,200 $799,030,017
1976 $4,365,300,200 $775,045,517
1975 $3,645,900,000 $703,377,837
1974 $3,161,499,900 $613,010,553
1973 $2,569,200,100 $493,237,876
1972 $2,101,300,000 $391,669,449
1971 $1,984,800,000 $335,568,907
1970 $1,904,000,000 $309,405,316
1969 $1,715,399,900 $295,062,308
1968 $1,610,500,000 $311,395,937
1967 $1,453,500,000 $282,615,310
1966 $1,390,700,000 $266,533,605
1965 $1,331,399,900 $255,340,475
1964 $1,299,099,900 $224,495,744
1963 $1,262,800,000 $168,186,297
1962 $1,143,600,000 $164,271,558
1961 $1,076,699,900 $159,213,430
1960 $1,043,599,900 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Guatemala vs Mauritania by year

Guatemala
GDP per capita

GDP per capita, PPP
Mauritania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guatemala Mauritania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $6,598 - $2,198 -
2024 $6,151 $14,369 $2,105 $7,369
2023 $5,754 $13,745 $2,128 $6,966
2022 $5,357 $13,014 $1,961 $6,485
2021 $4,913 $11,825 $1,947 $5,837
2020 $4,478 $10,947 $1,796 $5,741
2019 $4,512 $10,756 $1,767 $5,610
2018 $4,353 $9,947 $1,723 $5,429
2017 $4,325 $9,560 $1,618 $5,353
2016 $4,060 $9,201 $1,568 $4,683
2015 $3,894 $8,934 $1,559 $3,978
2014 $3,689 $8,237 $1,719 $3,865
2013 $3,444 $7,700 $1,936 $3,831
2012 $3,287 $7,258 $1,859 $3,465
2011 $3,169 $6,784 $1,931 $3,271
2010 $2,805 $6,510 $1,660 $3,178
2009 $2,612 $6,377 $1,435 $3,159
2008 $2,763 $6,435 $1,636 $3,236
2007 $2,459 $6,238 $1,405 $3,278
2006 $2,225 $5,833 $1,301 $3,342
2005 $2,046 $5,486 $999 $2,809
2004 $1,841 $5,263 $824 $2,570
2003 $1,723 $5,081 $732 $2,447
2002 $1,669 $4,969 $649 $2,296
2001 $1,538 $4,822 $652 $2,280
2000 $1,649 $4,715 $681 $2,304
1999 $1,604 $4,557 $781 $2,411
1998 $1,741 $4,437 $821 $2,355
1997 $1,638 $4,287 $859 $2,325
1996 $1,481 $4,143 $904 $2,436
1995 $1,421 $4,055 $905 $2,306
1994 $1,293 $3,886 $865 $2,114
1993 $1,166 $3,756 $850 $2,209
1992 $1,096 $3,626 $1,036 $2,122
1991 $1,014 $3,473 $1,062 $2,116
1990 $848 $3,330 $772 $2,070
1989 $958 - $762 -
1988 $919 - $762 -
1987 $854 - $746 -
1986 $896 - $677 -
1985 $1,238 - $593 -
1984 $1,241 - $650 -
1983 $1,220 - $725 -
1982 $1,204 - $710 -
1981 $1,216 - $729 -
1980 $1,142 - $711 -
1979 $1,026 - $664 -
1978 $925 - $578 -
1977 $856 - $590 -
1976 $697 - $589 -
1975 $595 - $551 -
1974 $529 - $494 -
1973 $441 - $410 -
1972 $370 - $335 -
1971 $358 - $296 -
1970 $353 - $281.3 -
1969 $326 - $276.6 -
1968 $315 - $301 -
1967 $291.9 - $281.5 -
1966 $287.3 - $273.6 -
1965 $283 - $270 -
1964 $284.2 - $244.3 -
1963 $284.4 - $188.2 -
1962 $265.2 - $189 -
1961 $257.2 - $188.2 -
1960 $256.8 - - -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Guatemala's GDP per capita is $6,598, ranking 108/197, compared to $2,198 in Mauritania, ranking 156/197. Adjusted for purchasing power (GDP per capita PPP), Guatemala ranks 116th at $14,369, while Mauritania ranks 147th at $7,369.

Economic indicators

Guatemala Mauritania
Gross domestic product
$123B
2025
$11.7B
2025
GDP rank
67/197
2025
153/197
2025
GDP growth
4.28%
2024-2025
4.03%
2024-2025
GDP per capita
$6,598
2025
$2,198
2025
GDP per capita rank
108/197
2025
156/197
2025
GDP per capita, PPP
$14,369
2024
$7,369
2024
GDP per capita PPP rank
116/197
2024
147/197
2024
Government debt
$33.5B
2025
$4.68B
2025
Debt-to-GDP ratio
27.2%
2025
40.1%
2025
Government debt per person
$1,793
2025
$881
2025
Government debt per person rank
122/185
2025
147/185
2025
Average annual personal income after taxes
$4,432
2026
$2,242
2026
Income share by richest 10%
34.1%
2023
24.6%
2019
Income share by poorest 10%
1.6%
2023
3.1%
2019
Government expenditure, % of GDP
14.7%
2025
23.4%
2025
Consumer prices inflation
1.49%
2024-2025
1.55%
2024-2025
Central bank interest rate
4%
2025
n/a
Unemployment rate
1.9%
2024
10.4%
2019
Population
19115361
5539189

Spending and national debt comparison by year

Guatemala
Spending

Debt
Mauritania
Spending

Debt
1x
Year % of GDP
Guatemala Mauritania
Government spending Government debt Government spending Government debt
2025 14.7% 27.2% 23.4% 40.1%
2024 13.4% 26.3% 23.6% 45.1%
2023 13.7% 27.2% 24.8% 48.6%
2022 14.3% 29% 28.7% 50.3%
2021 13.5% 30.6% 20.8% 54.5%
2020 15.6% 31.5% 18.5% 56.5%
2019 13.4% 26.4% 17.8% 57.7%
2018 13.2% 26.4% 19% 59.2%
2017 12.8% 25.1% 20.3% 55.7%
2016 12.6% 24.9% 20.8% 57.6%
2015 12.6% 24.8% 25.7% 59.9%
2014 13.6% 24.7% 23.9% 49.5%
2013 14% 25% 20.1% 40.7%
2012 14.2% 24.6% 21.5% 39.3%
2011 14.5% 23.8% 17% 38.8%
2010 14.5% 24% 17.3% 43.9%
2009 14.1% 22.8% 19.6% 54.3%
2008 13.3% 19.6% 19.8% 57.2%
2007 13.9% 20.8% 19.7% 61.5%
2006 14.2% 20.9% 19% 38%
2005 13.2% 20% 21.3% 71.1%
2004 12.9% 20.6% 23.9% 22%
2003 14.4% 19.8% - 22.9%
2002 13.1% 17.4% - 59.5%
2001 13.8% 19.1% - 63.5%
2000 13.6% 18% - 55.5%
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/mauritania | CC BY

In 2025, Guatemala's government spending was $18.2B, accounting for 14.7% of its GDP, while Mauritania spent $2.73B, or 23.4% of GDP.

Debt-to-GDP ratio is 27.2% in Guatemala and 40.1% in Mauritania, ranking 163/185 and 134/185, respectively.

Government deficit by year

Deficit/surplus
Guatemala

Mauritania
1x
Year Deficit/surplus, % of GDP
Guatemala Mauritania
2025 -1.91% -0.3%
2024 -0.96% -1.35%
2023 -1.25% -2.45%
2022 -1.7% -3.09%
2021 -1.16% 2.6%
2020 -4.91% 2.78%
2019 -2.24% 2.65%
2018 -1.88% 3.23%
2017 -1.38% 0.53%
2016 -1.11% 0.13%
2015 -1.47% -2.44%
2014 -1.92% -2.64%
2013 -2.16% -0.66%
2012 -2.42% 1.67%
2011 -2.8% 0.07%
2010 -3.28% -0.45%
2009 -3.12% -3.59%
2008 -1.57% -3.32%
2007 -1.4% -1.38%
2006 -1.88% 2.05%
2005 -1.67% -3.16%
2004 -1.05% -3.06%
2003 -2.47% -
2002 -1.03% -
2001 -2% -
2000 -1.88% -
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/mauritania | 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 Mauritania's deficit of $34.8M, or 0.3% of GDP.

Over the past 22 years, Guatemala recorded a fiscal deficit in 22 of those years, while Mauritania ran a deficit in 13 years. On average, Guatemala posted an annual deficit equal to 1.97% of GDP, compared to deficit of 0.55% of GDP for Mauritania.

Inflation comparison by year

Inflation
Guatemala

Mauritania
1x
Year Consumer prices inflation
Guatemala Mauritania
2025 1.49% 1.55%
2024 2.87% 2.49%
2023 6.21% 4.95%
2022 6.89% 9.53%
2021 4.26% 3.57%
2020 3.21% 2.39%
2019 3.7% 2.3%
2018 3.75% 3.07%
2017 4.42% 2.25%
2016 4.45% 1.47%
2015 2.39% 3.25%
2014 3.42% 3.53%
2013 4.34% 4.13%
2012 3.78% 4.9%
2011 6.21% 5.69%
2010 3.86% 6.28%
2009 1.86% 2.22%
2008 11.4% 7.35%
2007 6.82% 7.25%
2006 6.56% 6.24%
2005 9.11% 12.1%
2004 7.58% 10.4%
2003 5.6% 5.15%
2002 8.13% 3.9%
2001 7.29% 4.71%
2000 5.98% 3.25%
1999 5.21% 4.07%
1998 6.61% 8.03%
1997 9.23% 4.63%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Guatemala has recorded an average annual inflation rate of 5.4%, compared with 4.85% in Mauritania. In 2025, inflation was 1.49% in Guatemala and 1.55% in Mauritania.

Top exports between countries

Guatemala
Export category Export value
Processed food, beverages & tobacco $46.7M
Textiles & consumer goods $28K
Mauritania
Export category Export value

Balance of trade

Guatemala Mauritania
Current account balance
$3.27B
2024
-$1.04B
2024
Current account balance ranking
36/190
2024
118/190
2024
Current account balance, % of GDP
+2.89%
2024
-9.55%
2024
Goods imports
$29.1B
2024
$4.32B
2024
Goods exports
$13.3B
2024
$3.83B
2024
Service imports
$6.45B
2024
$1.05B
2024
Service exports
$4.65B
2024
$230M
2024
Imports of goods and services, % of GDP
31%
2025
54.2%
2025
Exports of goods and services, % of GDP
15.6%
2025
39.9%
2025

Economic freedom indices

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

Guatemala Mauritania
Economic freedom 63.5 53.9
Economic freedom ranking 79/197 136/197
Property rights 39.1 32.6
Government integrity 25.2 24.5
Judicial effectiveness 26.1 26.4
Tax burden 91.3 75.5
Government spending 94.3 80.2
Fiscal health 95.9 87.9
Business freedom 65.7 38.7
Labor freedom 52.5 53.6
Monetary freedom 77.3 77.8
Trade freedom 74.6 59.6
Investment freedom 70 50
Financial freedom 50 40

Economic freedom comparison by year

Guatemala
Mauritania
1x
Year Economic freedom index
Guatemala Mauritania
2026 63.5 53.9
2025 63.4 54.9
2024 62.4 55.3
2023 62.7 55.3
2022 63.2 55.3
2021 64 56.1
2020 64 55.3
2019 62.6 55.7
2018 63.4 54
2017 63 54.4
2016 61.8 54.8
2015 60.4 53.3
2014 61.2 53.2
2013 60 52.3
2012 60.9 53
2011 61.9 52.1
2010 61 52
2009 59.4 53.9
2008 59.8 55.2
2007 60.5 53.6
2006 59.1 55.7
2005 59.5 59.4
2004 59.6 61.8
2003 62.3 59
2002 62.3 52.5
2001 65.1 48.5
2000 64.3 46
1999 66.2 42.8
1998 65.8 43.7
1997 65.7 47
1996 63.7 45.5
1995 62 -

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

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

The Economic Freedom Index for Guatemala is 63.5, ranking 79/197, compared to 53.9 for Mauritania, ranking 136/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guatemala Mauritania
Services, % of GDP
62.1%
2025
42.4%
2025
Industry, % of GDP
21.8%
2025
29.7%
2025
Agriculture, forestry, and fishing, % of GDP
9.55%
2025
20%
2025
GNI, Atlas method
$119B
2025
$11.8B
2025
GNI per capita, PPP
$15,020
2025
$7,640
2025
Total reserves including gold
$32.8B
2025
$2.04B
2021
Total reserves ranking
57/177
2025
127/177
2021
Net foreign direct investment
-$983M
2024
-$1.44B
2024
Net inflows of foreign direct investment
$1.85B
2024
$1.44B
2024
Net outflows of foreign direct investment
$865M
2024
$3.9M
2024
Servicing debt to the IMF, % of GNI
1.75%
2024
3.83%
2024
Poverty at national poverty lines
56%
2023
31.8%
2019
Gross capital formation, % of GDP
16.8%
2025
44.3%
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/mauritania | 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. TradeMap (2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, 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.