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Economy of Guatemala vs Namibia compared: GDP & Debt

Updated on by Georank

Guatemala has a GDP of $123B compared to $15.1B for Namibia, ranking 67/197 and 146/197 by economy size, respectively.

Guatemala has $33.5B in government debt (27.2% of GDP), compared to $10.6B (70.2% of GDP) in Namibia.

Guatemala vs Namibia GDP by year

Guatemala
Namibia
1x
Year GDP, current $
Guatemala Namibia
2025 $123,306,008,821 $15,080,340,654
2024 $113,215,575,151 $13,641,190,683
2023 $104,298,081,429 $12,522,012,874
2022 $95,609,727,056 $12,569,449,123
2021 $86,455,522,273 $12,402,486,184
2020 $77,719,468,248 $10,583,748,542
2019 $77,172,331,693 $12,541,928,303
2018 $73,328,356,008 $13,682,019,076
2017 $71,653,780,740 $12,895,153,371
2016 $66,053,408,206 $10,722,018,732
2015 $62,186,066,548 $11,335,161,084
2014 $57,852,159,008 $12,435,430,970
2013 $52,996,420,177 $12,043,307,277
2012 $49,593,929,487 $13,042,053,592
2011 $46,876,006,272 $12,523,359,441
2010 $40,676,578,423 $11,431,412,421
2009 $37,126,148,265 $8,938,847,189
2008 $38,503,720,224 $8,607,431,497
2007 $33,567,850,824 $8,839,536,476
2006 $29,744,246,827 $8,001,779,551
2005 $26,783,389,294 $7,248,374,838
2004 $23,577,298,095 $6,609,205,995
2003 $21,576,351,799 $4,926,439,384
2002 $20,444,205,991 $3,349,169,826
2001 $18,405,220,247 $3,557,341,215
2000 $19,288,929,030 $3,922,232,165
1999 $18,318,412,251 $3,868,551,730
1998 $19,395,491,993 $3,873,109,866
1997 $17,790,026,222 $4,154,989,950
1996 $15,674,835,615 $3,989,163,197
1995 $14,655,404,433 $3,978,514,206
1994 $12,983,233,311 $3,666,503,530
1993 $11,400,017,301 $3,251,188,833
1992 $10,440,781,588 $3,429,521,699
1991 $9,406,135,143 $2,996,869,281
1990 $7,650,196,845 $2,789,921,854
1989 $8,410,724,361 $2,535,135,798
1988 $7,841,602,824 $2,495,094,746
1987 $7,084,399,840 $2,300,068,217
1986 $7,231,963,516 $1,809,048,527
1985 $9,721,652,087 $1,608,237,350
1984 $9,470,000,100 $1,951,260,038
1983 $9,050,000,400 $2,297,400,688
1982 $8,716,999,700 $2,118,710,248
1981 $8,607,500,300 $2,249,908,578
1980 $7,878,700,000 $2,421,990,338
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 (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Guatemala vs Namibia by year

Guatemala
GDP per capita

GDP per capita, PPP
Namibia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guatemala Namibia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $6,598 - $4,876 -
2024 $6,151 $14,369 $4,502 $11,687
2023 $5,754 $13,745 $4,226 $11,251
2022 $5,357 $13,014 $4,350 $10,663
2021 $4,913 $11,825 $4,413 $9,709
2020 $4,478 $10,947 $3,879 $9,354
2019 $4,512 $10,756 $4,732 $9,609
2018 $4,353 $9,947 $5,309 $9,854
2017 $4,325 $9,560 $5,144 $9,888
2016 $4,060 $9,201 $4,396 $10,200
2015 $3,894 $8,934 $4,774 $10,466
2014 $3,689 $8,237 $5,378 $10,365
2013 $3,444 $7,700 $5,347 $9,699
2012 $3,287 $7,258 $5,943 $9,364
2011 $3,169 $6,784 $5,835 $9,002
2010 $2,805 $6,510 $5,418 $8,538
2009 $2,612 $6,377 $4,303 $8,079
2008 $2,763 $6,435 $4,205 $8,125
2007 $2,459 $6,238 $4,379 $7,875
2006 $2,225 $5,833 $4,017 $7,374
2005 $2,046 $5,486 $3,686 $6,767
2004 $1,841 $5,263 $3,403 $6,480
2003 $1,723 $5,081 $2,569 $5,693
2002 $1,669 $4,969 $1,772 $5,433
2001 $1,538 $4,822 $1,916 $5,196
2000 $1,649 $4,715 $2,157 $5,129
1999 $1,604 $4,557 $2,178 $4,961
1998 $1,741 $4,437 $2,235 $4,852
1997 $1,638 $4,287 $2,460 $4,764
1996 $1,481 $4,143 $2,423 $4,612
1995 $1,421 $4,055 $2,483 $4,509
1994 $1,293 $3,886 $2,356 $4,376
1993 $1,166 $3,756 $2,155 $4,345
1992 $1,096 $3,626 $2,347 $4,452
1991 $1,014 $3,473 $2,117 $4,192
1990 $848 $3,330 $2,037 $3,875
1989 $958 - $1,967 -
1988 $919 - $2,063 -
1987 $854 - $1,969 -
1986 $896 - $1,599 -
1985 $1,238 - $1,466 -
1984 $1,241 - $1,830 -
1983 $1,220 - $2,214 -
1982 $1,204 - $2,097 -
1981 $1,216 - $2,267 -
1980 $1,142 - $2,468 -
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 (1960–2025, retrieved 2026-07-08).

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

Guatemala's GDP per capita is $6,598, ranking 108/197, compared to $4,876 in Namibia, ranking 125/197. Adjusted for purchasing power (GDP per capita PPP), Guatemala ranks 116th at $14,369, while Namibia ranks 128th at $11,687.

Economic indicators

Guatemala Namibia
Gross domestic product
$123B
2025
$15.1B
2025
GDP rank
67/197
2025
146/197
2025
GDP growth
4.28%
2024-2025
1.73%
2024-2025
GDP per capita
$6,598
2025
$4,876
2025
GDP per capita rank
108/197
2025
125/197
2025
GDP per capita, PPP
$14,369
2024
$11,687
2024
GDP per capita PPP rank
116/197
2024
128/197
2024
Government debt
$33.5B
2025
$10.6B
2025
Debt-to-GDP ratio
27.2%
2025
70.2%
2025
Government debt per person
$1,793
2025
$3,425
2025
Government debt per person rank
122/185
2025
97/185
2025
Average annual personal income after taxes
$4,432
2026
$3,433
2026
Market capitalization of domestic companies n/a
$2.48B
2024
Income share by richest 10%
34.1%
2023
47.2%
2015
Income share by poorest 10%
1.6%
2023
1%
2015
Government expenditure, % of GDP
14.7%
2025
39.4%
2025
Consumer prices inflation
1.49%
2024-2025
3.5%
2024-2025
Central bank interest rate
4%
2025
6.5%
2025
Unemployment rate
1.9%
2024
19.9%
2018
Population
19115361
3185686

Spending and national debt comparison by year

Guatemala
Spending

Debt
Namibia
Spending

Debt
1x
Year % of GDP
Guatemala Namibia
Government spending Government debt Government spending Government debt
2025 14.7% 27.2% 39.4% 70.2%
2024 13.4% 26.3% 39.6% 69.8%
2023 13.7% 27.2% 37% 67.9%
2022 14.3% 29% 36.6% 70.1%
2021 13.5% 30.6% 39.3% 69.6%
2020 15.6% 31.5% 41.5% 64.3%
2019 13.4% 26.4% 37.4% 57.6%
2018 13.2% 26.4% 36.3% 48.7%
2017 12.8% 25.1% 38.1% 43.8%
2016 12.6% 24.9% 41.8% 45.8%
2015 12.6% 24.8% 43.7% 42.1%
2014 13.6% 24.7% 41.8% 27.6%
2013 14% 25% 38.3% 26.1%
2012 14.2% 24.6% 35% 24.6%
2011 14.5% 23.8% 38.5% 27.4%
2010 14.5% 24% 33.5% 16.3%
2009 14.1% 22.8% 32% 15.9%
2008 13.3% 19.6% 28.4% 19.1%
2007 13.9% 20.8% 26.1% 19.4%
2006 14.2% 20.9% 27.4% 26.1%
2005 13.2% 20% 27.7% 26.9%
2004 12.9% 20.6% 28.4% 29.2%
2003 14.4% 19.8% 31.1% 27.1%
2002 13.1% 17.4% 29.8% 22.2%
2001 13.8% 19.1% 30.7% 24.4%
2000 13.6% 18% 30.1% 20.9%
1999 14.6% 22% 31.8% 21.8%
1998 13.2% 19% 31.3% 19.6%
1997 11.2% 18.5% 30.9% 17.7%
1996 9.85% 19.2% 30.4% 18.7%
1995 9.77% 21% 29.6% 18%
1994 - - 28.7% 16.4%
1993 - - 32.4% 17.2%
1992 - - 32.8% 14.1%
1991 - - 33% 11.8%
1990 - - 30.2% 12.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1990–1999, retrieved 2026-07-08).

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

In 2025, Guatemala's government spending was $18.2B, accounting for 14.7% of its GDP, while Namibia spent $5.94B, or 39.4% of GDP.

Debt-to-GDP ratio is 27.2% in Guatemala and 70.2% in Namibia, ranking 163/185 and 57/185, respectively.

Government deficit by year

Deficit/surplus
Guatemala

Namibia
1x
Year Deficit/surplus, % of GDP
Guatemala Namibia
2025 -1.91% -6.46%
2024 -0.96% -3.84%
2023 -1.25% -3.14%
2022 -1.7% -6.33%
2021 -1.16% -8.68%
2020 -4.91% -8.07%
2019 -2.24% -5.49%
2018 -1.88% -5.09%
2017 -1.38% -4.99%
2016 -1.11% -9.3%
2015 -1.47% -8.3%
2014 -1.92% -6.44%
2013 -2.16% -4.69%
2012 -2.42% -3.1%
2011 -2.8% -7.09%
2010 -3.28% -4.98%
2009 -3.12% -0.4%
2008 -1.57% 3.48%
2007 -1.4% 6.01%
2006 -1.88% 3.41%
2005 -1.67% -0.31%
2004 -1.05% -2.67%
2003 -2.47% -4.47%
2002 -1.03% -1.38%
2001 -2% -2.01%
2000 -1.88% -0.79%
1999 -2.96% -1.88%
1998 -2.29% -2.76%
1997 -0.79% -2.38%
1996 0.04% -3.7%
1995 -0.53% -1.74%
1994 - -0.57%
1993 - -2.73%
1992 - -2.55%
1991 - -1.59%
1990 - 1.08%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/guatemala/namibia | 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 Namibia's deficit of $974M, or 6.46% of GDP.

Over the past 31 years, Guatemala recorded a fiscal deficit in 30 of those years, while Namibia ran a deficit in 28 years. On average, Guatemala posted an annual deficit equal to 1.84% of GDP, compared to deficit of 3.47% of GDP for Namibia.

Inflation comparison by year

Inflation
Guatemala

Namibia
1x
Year Consumer prices inflation
Guatemala Namibia
2025 1.49% 3.5%
2024 2.87% 4.2%
2023 6.21% 5.9%
2022 6.89% 6.1%
2021 4.26% 3.6%
2020 3.21% 2.2%
2019 3.7% 3.7%
2018 3.75% 4.3%
2017 4.42% 6.1%
2016 4.45% 6.7%
2015 2.39% 3.4%
2014 3.42% 5.3%
2013 4.34% 5.6%
2012 3.78% 6.7%
2011 6.21% 5%
2010 3.86% 4.9%
2009 1.86% 9.5%
2008 11.4% 9.1%
2007 6.82% 6.5%
2006 6.56% 5%
2005 9.11% 2.3%
2004 7.58% 4.1%
2003 5.6% 7.2%
2002 8.13% 12.7%
2001 7.29% 10.2%
2000 5.98% 10.2%
1999 5.21% 9.4%
1998 6.61% 6.6%
1997 9.23% 9.7%

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/namibia | CC BY

Over the past 29 years, Guatemala has recorded an average annual inflation rate of 5.4%, compared with 6.2% in Namibia. In 2025, inflation was 1.49% in Guatemala and 3.5% in Namibia.

Top exports between countries

Guatemala
Export category Export value
Metals $70K
Machinery & equipment $27K
Textiles & consumer goods $16K
Chemicals & pharma $1K
Namibia
Export category Export value
Miscellaneous $5K

Balance of trade

Guatemala Namibia
Current account balance
$3.27B
2024
-$1.83B
2024
Current account balance ranking
36/190
2024
138/190
2024
Current account balance, % of GDP
+2.89%
2024
-13.4%
2024
Goods imports
$29.1B
2024
$6.77B
2024
Goods exports
$13.3B
2024
$4.67B
2024
Service imports
$6.45B
2024
$2.47B
2024
Service exports
$4.65B
2024
$1.29B
2024
Imports of goods and services, % of GDP
31%
2025
63.9%
2025
Exports of goods and services, % of GDP
15.6%
2025
44.7%
2025

Economic freedom indices

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

Guatemala Namibia
Economic freedom 63.5 60.2
Economic freedom ranking 79/197 95/197
Property rights 39.1 63.1
Government integrity 25.2 51.5
Judicial effectiveness 26.1 67.2
Tax burden 91.3 66.4
Government spending 94.3 57.1
Fiscal health 95.9 60.5
Business freedom 65.7 58
Labor freedom 52.5 62.7
Monetary freedom 77.3 76.1
Trade freedom 74.6 69.8
Investment freedom 70 50
Financial freedom 50 40

Economic freedom comparison by year

Guatemala
Namibia
1x
Year Economic freedom index
Guatemala Namibia
2026 63.5 60.2
2025 63.4 58.7
2024 62.4 57.5
2023 62.7 57.7
2022 63.2 59.2
2021 64 62.6
2020 64 60.9
2019 62.6 58.7
2018 63.4 58.5
2017 63 62.5
2016 61.8 61.9
2015 60.4 59.6
2014 61.2 59.4
2013 60 60.3
2012 60.9 61.9
2011 61.9 62.7
2010 61 62.2
2009 59.4 62.4
2008 59.8 61.4
2007 60.5 63.5
2006 59.1 60.7
2005 59.5 61.4
2004 59.6 62.4
2003 62.3 67.3
2002 62.3 65.1
2001 65.1 64.8
2000 64.3 66.7
1999 66.2 66.1
1998 65.8 66.1
1997 65.7 61.6
1996 63.7 -
1995 62 -

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

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

The Economic Freedom Index for Guatemala is 63.5, ranking 79/197, compared to 60.2 for Namibia, ranking 95/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guatemala Namibia
Services, % of GDP
62.1%
2025
55%
2025
Industry, % of GDP
21.8%
2025
28.9%
2025
Agriculture, forestry, and fishing, % of GDP
9.55%
2025
6.99%
2025
GNI, Atlas method
$119B
2025
$13.4B
2025
GNI per capita, PPP
$15,020
2025
$11,260
2025
Total reserves including gold
$32.8B
2025
$3.1B
2025
Total reserves ranking
57/177
2025
119/177
2025
Net foreign direct investment
-$983M
2024
-$1.89B
2024
Net inflows of foreign direct investment
$1.85B
2024
$1.93B
2024
Net outflows of foreign direct investment
$865M
2024
$44.4M
2024
Servicing debt to the IMF, % of GNI
1.75%
2024
n/a
Poverty at national poverty lines
56%
2023
17.4%
2015
Gross capital formation, % of GDP
16.8%
2025
18.7%
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/namibia | 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 (1990–2025, 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 (1990–1999, retrieved 2026-07-08)
  6. TradeMap (2020–2021, 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.