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Economy of Guatemala vs Mozambique compared: GDP & Debt

Updated on by Georank team

Guatemala has a GDP of $113B compared to $22.7B for Mozambique, ranking 68/197 and 123/197 by economy size, respectively.

Guatemala has $29.8B in government debt (26.3% of GDP), compared to $21.2B (93.2% of GDP) in Mozambique.

Guatemala vs Mozambique GDP by year

Guatemala
Mozambique
1x
Year GDP, current $
Guatemala Mozambique
2024 $113,199,581,158 $22,745,341,305
2023 $104,368,755,055 $20,921,079,533
2022 $95,641,446,501 $18,883,528,581
2021 $86,455,522,273 $16,168,055,475
2020 $77,719,468,248 $14,235,420,174
2019 $77,172,331,693 $15,512,759,047
2018 $73,328,356,008 $15,017,358,953
2017 $71,653,780,740 $13,264,640,646
2016 $66,053,408,206 $12,069,051,237
2015 $62,186,066,548 $16,208,985,770
2014 $57,852,159,008 $17,978,246,586
2013 $52,996,420,177 $17,198,073,057
2012 $49,593,929,487 $16,688,114,144
2011 $46,876,006,272 $14,619,279,989
2010 $40,676,578,423 $11,411,894,724
2009 $37,126,148,265 $12,263,894,790
2008 $38,503,720,224 $12,920,340,965
2007 $33,567,850,824 $10,811,456,006
2006 $29,744,246,827 $9,509,835,537
2005 $26,783,389,294 $8,868,504,900
2004 $23,577,298,095 $7,937,255,565
2003 $21,576,351,799 $6,583,526,861
2002 $20,444,205,991 $5,950,769,427
2001 $18,405,220,247 $5,650,154,067
2000 $19,288,929,030 $5,930,685,215
1999 $18,318,412,251 $6,285,219,691
1998 $19,395,491,993 $5,551,118,149
1997 $17,790,026,222 $4,873,663,775
1996 $15,674,835,615 $4,030,146,135
1995 $14,655,404,433 $3,061,646,174
1994 $12,983,233,311 $2,958,108,170
1993 $11,400,017,301 $2,883,161,897
1992 $10,440,781,588 $2,798,696,511
1991 $9,406,135,143 $3,854,856,435
1990 $7,650,196,845 -
1989 $8,410,724,361 -
1988 $7,841,602,824 -
1987 $7,084,399,840 -
1986 $7,231,963,516 -
1985 $9,721,652,087 -
1984 $9,470,000,100 -
1983 $9,050,000,400 -
1982 $8,716,999,700 -
1981 $8,607,500,300 -
1980 $7,878,700,000 -
1979 $6,902,600,200 -
1978 $6,070,600,200 -
1977 $5,480,500,200 -
1976 $4,365,300,200 -
1975 $3,645,900,000 -
1974 $3,161,499,900 -
1973 $2,569,200,100 -
1972 $2,101,300,000 -
1971 $1,984,800,000 -
1970 $1,904,000,000 -
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/mozambique | CC BY

GDP per capita in Guatemala vs Mozambique by year

Guatemala
GDP per capita

GDP per capita, PPP
Mozambique
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guatemala Mozambique
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,150 $14,369 $657 $1,705
2023 $5,758 $13,745 $622 $1,678
2022 $5,359 $13,014 $578 $1,582
2021 $4,913 $11,825 $510 $1,457
2020 $4,478 $10,947 $462 $1,412
2019 $4,512 $10,756 $519 $1,389
2018 $4,353 $9,947 $518 $1,326
2017 $4,325 $9,560 $471 $1,283
2016 $4,060 $9,201 $441 $1,379
2015 $3,894 $8,934 $611 $1,318
2014 $3,689 $8,237 $697 $1,166
2013 $3,444 $7,700 $687 $1,114
2012 $3,287 $7,258 $686 $1,076
2011 $3,169 $6,784 $618 $1,064
2010 $2,805 $6,510 $496 $1,000
2009 $2,612 $6,377 $548 $951
2008 $2,763 $6,435 $592 $916
2007 $2,459 $6,238 $508 $862
2006 $2,225 $5,833 $457 $798
2005 $2,046 $5,486 $437 $721
2004 $1,841 $5,263 $400 $673
2003 $1,723 $5,081 $339 $620
2002 $1,669 $4,969 $314 $580
2001 $1,538 $4,822 $305 $533
2000 $1,649 $4,715 $327 $472
1999 $1,604 $4,557 $354 $468
1998 $1,741 $4,437 $320 $422
1997 $1,638 $4,287 $287.5 $387
1996 $1,481 $4,143 $244.4 $350
1995 $1,421 $4,055 $191.8 $321
1994 $1,293 $3,886 $196.8 $326
1993 $1,166 $3,756 $205.2 $321
1992 $1,096 $3,626 $205.6 $292
1991 $1,014 $3,473 $288.7 $315
1990 $848 $3,330 - $296
1989 $958 - - -
1988 $919 - - -
1987 $854 - - -
1986 $896 - - -
1985 $1,238 - - -
1984 $1,241 - - -
1983 $1,220 - - -
1982 $1,204 - - -
1981 $1,216 - - -
1980 $1,142 - - -
1979 $1,026 - - -
1978 $925 - - -
1977 $856 - - -
1976 $697 - - -
1975 $595 - - -
1974 $529 - - -
1973 $441 - - -
1972 $370 - - -
1971 $358 - - -
1970 $353 - - -
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/mozambique | CC BY

Guatemala's GDP per capita is $6,150, ranking 112/197, compared to $657 in Mozambique, ranking 189/197. Adjusted for purchasing power (GDP per capita PPP), Guatemala ranks 116th at $14,369, while Mozambique ranks 192nd at $1,705.

Economic indicators

Guatemala Mozambique
Gross domestic product
$113B
2024
$22.7B
2024
GDP rank
68/197
2024
123/197
2024
GDP growth
3.65%
2023-2024
2.15%
2023-2024
GDP per capita
$6,150
2024
$657
2024
GDP per capita rank
112/197
2024
189/197
2024
GDP per capita, PPP
$14,369
2024
$1,705
2024
GDP per capita PPP rank
116/197
2024
192/197
2024
Government debt
$29.8B
2024
$21.2B
2024
Debt-to-GDP ratio
26.3%
2024
93.2%
2024
Government debt per person
$1,619
2024
$612
2024
Government debt per person rank
124/185
2024
159/185
2024
Average annual personal income after taxes
$4,917
2026
$1,778
2026
Income share by richest 10%
34.1%
2023
40.8%
2022
Income share by poorest 10%
1.6%
2023
1.7%
2022
Government expenditure, % of GDP
13.4%
2024
33.2%
2024
Consumer prices inflation
2.87%
2023-2024
3.2%
2023-2024
Central bank interest rate
4%
2025
9.75%
2025
Unemployment rate
1.9%
2024
6.79%
2022
Population
19049936
36941128

Spending and national debt comparison by year

Guatemala
Spending

Debt
Mozambique
Spending

Debt
1x
Year % of GDP
Guatemala Mozambique
Government spending Government debt Government spending Government debt
2024 13.4% 26.3% 33.2% 93.2%
2023 13.7% 27.2% 33.3% 90.9%
2022 14.3% 29% 32.9% 100.3%
2021 13.5% 30.6% 32.1% 104.3%
2020 15.6% 31.5% 33.9% 120%
2019 13.4% 26.4% 28% 98.3%
2018 13.2% 26.4% 32.9% 105.5%
2017 12.8% 25.1% 29.5% 103.8%
2016 12.6% 24.9% 29.1% 124.8%
2015 12.6% 24.8% 32.2% 86%
2014 13.6% 24.7% 39.7% 63.4%
2013 14% 25% 31.7% 49.5%
2012 14.2% 24.6% 28.1% 36.7%
2011 14.5% 23.8% 28.9% 34.2%
2010 14.5% 24% 26.7% 38.6%
2009 14.1% 22.8% 25.7% 39.3%
2008 13.3% 19.6% 21.3% 32.8%
2007 13.9% 20.8% 20.9% 31.2%
2006 14.2% 20.9% 20.1% 40%
2005 13.2% 20% 17% 60.1%
2004 12.9% 20.6% 17.8% 50.8%
2003 14.4% 19.8% 18.6% 63.2%
2002 13.1% 17.4% 18.6% 63.4%
2001 13.8% 19.1% 20.8% 99.8%
2000 13.6% 18% 17.2% 95.8%
1999 14.6% 22% 15.6% 94.7%
1998 13.2% 19% 14.9% -
1997 11.2% 18.5% 16.5% -
1996 9.85% 19.2% 14.9% -
1995 9.77% 21% 18.8% -
1994 - - 22.9% -
1993 - - 20.7% -
1992 - - 21.1% -
1991 - - 17.3% -
1990 - - 21% -
1989 - - 27% -
1988 - - 27% -
1987 - - 22.9% -
1986 - - 24.2% -
1985 - - 21% -
1984 - - 30.9% -
1983 - - 35.3% -
1982 - - 27% -
1981 - - 23.8% -
1980 - - 14.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1999, retrieved 2026-02-20).

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

In 2024, Guatemala's government spending was $15.1B, accounting for 13.4% of its GDP, while Mozambique spent $7.56B, or 33.2% of GDP.

Debt-to-GDP ratio is 26.3% in Guatemala and 93.2% in Mozambique, ranking 161/185 and 28/185, respectively.

Government deficit by year

Deficit/surplus
Guatemala

Mozambique
1x
Year Deficit/surplus, % of GDP
Guatemala Mozambique
2024 -0.96% -6.17%
2023 -1.25% -4.26%
2022 -1.7% -5.22%
2021 -1.16% -5.23%
2020 -4.91% -6.19%
2019 -2.24% 1.7%
2018 -1.88% -7.39%
2017 -1.38% -2.9%
2016 -1.11% -5.42%
2015 -1.47% -6.55%
2014 -1.92% -9.75%
2013 -2.16% -2.46%
2012 -2.42% -3.45%
2011 -2.8% -4.34%
2010 -3.28% -3.5%
2009 -3.12% -4.35%
2008 -1.57% -1.9%
2007 -1.4% -2.19%
2006 -1.88% -3.03%
2005 -1.67% -2.06%
2004 -1.05% -3.17%
2003 -2.47% -2.64%
2002 -1.03% -3.36%
2001 -2% -4.43%
2000 -1.88% -1.26%
1999 -2.96% -0.31%
1998 -2.29% -1.08%
1997 -0.79% -1.81%
1996 0.04% -2.07%
1995 -0.53% -2.46%
1994 - -4%
1993 - -2.53%
1992 - -1.85%
1991 - -2.01%
1990 - -4.42%
1989 - -4.23%
1988 - -6.47%
1987 - -7.24%
1986 - -12.1%
1985 - -9.69%
1984 - -13.4%
1983 - -15.8%
1982 - -3.61%
1981 - -7.41%
1980 - -1.47%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-02-20).

GeoRank.org/economy/guatemala/mozambique | 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 Mozambique's deficit of $1.4B, or 6.17% of GDP.

Over the past 30 years, Guatemala recorded a fiscal deficit in 29 of those years, while Mozambique ran a deficit in 29 years. On average, Guatemala posted an annual deficit equal to 1.84% of GDP, compared to deficit of 3.58% of GDP for Mozambique.

Inflation comparison by year

Inflation
Guatemala

Mozambique
1x
Year Consumer prices inflation
Guatemala Mozambique
2024 2.87% 3.2%
2023 6.21% 7%
2022 6.89% 10.4%
2021 4.26% 6.6%
2020 3.21% 0.9%
2019 3.7% 5.7%
2018 3.75% 3.2%
2017 4.42% 15.8%
2016 4.45% 18.4%
2015 2.39% 3.6%
2014 3.42% 2.6%
2013 4.34% 4.3%
2012 3.78% 2.6%
2011 6.21% 11.2%
2010 3.86% 12.4%
2009 1.86% 3.8%
2008 11.4% 14.5%
2007 6.82% 10.4%
2006 6.56% 13.2%
2005 9.11% 6.4%
2004 7.58% 12.6%
2003 5.6% 13.5%
2002 8.13% 16.8%
2001 7.29% 9.1%
2000 5.98% 12.7%
1999 5.21% 2.9%
1998 6.61% 1.5%
1997 9.23% 7.4%

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/mozambique | CC BY

Over the past 28 years, Guatemala has recorded an average annual inflation rate of 5.54%, compared with 8.31% in Mozambique. In 2024, inflation was 2.87% in Guatemala and 3.2% in Mozambique.

Top exports between countries

Guatemala
Export category Export value
Textiles & consumer goods $4K
Machinery & equipment $1K
Mozambique
Export category Export value
Machinery & equipment $12K

Balance of trade

Guatemala Mozambique
Current account balance
$3.27B
2024
-$2.49B
2024
Current account balance ranking
38/190
2024
150/190
2024
Current account balance, % of GDP
+2.89%
2024
-11%
2024
Goods imports
$29.1B
2024
$8.38B
2024
Goods exports
$13.3B
2024
$8.21B
2024
Service imports
$6.45B
2024
$2.11B
2024
Service exports
$4.65B
2024
$1.15B
2024
Imports of goods and services, % of GDP
31.5%
2024
52.8%
2024
Exports of goods and services, % of GDP
15.9%
2024
42.8%
2024

Economic freedom indices

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

Guatemala Mozambique
Economic freedom 63.5 49.6
Economic freedom ranking 79/197 164/197
Property rights 39.1 29.7
Government integrity 25.2 25.1
Judicial effectiveness 26.1 43.4
Tax burden 91.3 75.8
Government spending 94.3 67
Fiscal health 95.9 39.1
Business freedom 65.7 40.2
Labor freedom 52.5 47.7
Monetary freedom 77.3 76.2
Trade freedom 74.6 71.2
Investment freedom 70 40
Financial freedom 50 40

Economic freedom comparison by year

Guatemala
Mozambique
1x
Year Economic freedom index
Guatemala Mozambique
2026 63.5 49.6
2025 63.4 50.7
2024 62.4 50.7
2023 62.7 52.5
2022 63.2 51.3
2021 64 51.6
2020 64 50.5
2019 62.6 48.6
2018 63.4 46.3
2017 63 49.9
2016 61.8 53.2
2015 60.4 54.8
2014 61.2 55
2013 60 55
2012 60.9 57.1
2011 61.9 56.8
2010 61 56
2009 59.4 55.7
2008 59.8 55.4
2007 60.5 54.7
2006 59.1 51.9
2005 59.5 54.6
2004 59.6 57.2
2003 62.3 58.6
2002 62.3 57.7
2001 65.1 59.2
2000 64.3 52.2
1999 66.2 48.9
1998 65.8 43
1997 65.7 44
1996 63.7 48.4
1995 62 45.5

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

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

The Economic Freedom Index for Guatemala is 63.5, ranking 79/197, compared to 49.6 for Mozambique, ranking 164/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guatemala Mozambique
Services, % of GDP
61.8%
2024
41.1%
2024
Industry, % of GDP
21.7%
2024
21.9%
2024
Agriculture, forestry, and fishing, % of GDP
9.78%
2024
25.2%
2024
GNI, Atlas method
$106B
2024
$19.1B
2024
GNI per capita, PPP
$14,170
2024
$1,520
2024
Total reserves including gold
$24.4B
2024
$3.84B
2024
Total reserves ranking
57/177
2024
108/177
2024
Net foreign direct investment
-$983M
2024
-$3.55B
2024
Net inflows of foreign direct investment
$1.85B
2024
$3.51B
2024
Net outflows of foreign direct investment
$865M
2024
-$44.1M
2024
Servicing debt to the IMF, % of GNI
1.75%
2024
22.4%
2024
Poverty at national poverty lines
56%
2023
65%
2022
Gross capital formation, % of GDP
16.7%
2024
17.7%
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/mozambique | 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 (1980–1999, retrieved 2026-02-20)
  6. TradeMap (2020–2023, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.