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Economy of Guatemala vs Nepal compared: GDP & Debt

Updated on by Georank team

Guatemala has a GDP of $113B compared to $42.9B for Nepal, ranking 68/197 and 101/197 by economy size, respectively.

Guatemala has $29.8B in government debt (26.3% of GDP), compared to $20.7B (48.3% of GDP) in Nepal.

Guatemala vs Nepal GDP by year

Guatemala
Nepal
1x
Year GDP, current $
Guatemala Nepal
2024 $113,199,581,158 $42,914,268,287
2023 $104,368,755,055 $41,047,772,331
2022 $95,641,446,501 $41,182,939,601
2021 $86,455,522,273 $36,924,841,394
2020 $77,719,468,248 $33,433,659,301
2019 $77,172,331,693 $34,186,180,699
2018 $73,328,356,008 $33,111,525,237
2017 $71,653,780,740 $28,971,588,940
2016 $66,053,408,206 $24,524,109,484
2015 $62,186,066,548 $24,360,801,287
2014 $57,852,159,008 $22,731,612,922
2013 $52,996,420,177 $22,162,204,925
2012 $49,593,929,487 $21,703,100,877
2011 $46,876,006,272 $21,573,872,421
2010 $40,676,578,423 $16,002,656,434
2009 $37,126,148,265 $12,854,985,464
2008 $38,503,720,224 $12,545,438,605
2007 $33,567,850,824 $10,325,618,017
2006 $29,744,246,827 $9,043,715,356
2005 $26,783,389,294 $8,130,258,378
2004 $23,577,298,095 $7,273,938,315
2003 $21,576,351,799 $6,330,473,097
2002 $20,444,205,991 $6,050,875,807
2001 $18,405,220,247 $6,007,055,042
2000 $19,288,929,030 $5,494,252,208
1999 $18,318,412,251 $5,033,642,384
1998 $19,395,491,993 $4,856,255,044
1997 $17,790,026,222 $4,918,691,917
1996 $15,674,835,615 $4,521,580,381
1995 $14,655,404,433 $4,401,104,418
1994 $12,983,233,311 $4,066,775,510
1993 $11,400,017,301 $3,660,041,667
1992 $10,440,781,588 $3,401,211,581
1991 $9,406,135,143 $3,921,476,085
1990 $7,650,196,845 $3,627,560,239
1989 $8,410,724,361 $3,525,225,787
1988 $7,841,602,824 $3,487,009,748
1987 $7,084,399,840 $2,957,255,380
1986 $7,231,963,516 $2,850,782,044
1985 $9,721,652,087 $2,619,913,956
1984 $9,470,000,100 $2,581,207,388
1983 $9,050,000,400 $2,447,174,803
1982 $8,716,999,700 $2,395,423,742
1981 $8,607,500,300 $2,275,583,317
1980 $7,878,700,000 $1,945,916,583
1979 $6,902,600,200 $1,851,250,008
1978 $6,070,600,200 $1,604,162,497
1977 $5,480,500,200 $1,382,400,000
1976 $4,365,300,200 $1,452,788,985
1975 $3,645,900,000 $1,575,789,254
1974 $3,161,499,900 $1,217,953,547
1973 $2,569,200,100 $972,101,725
1972 $2,101,300,000 $1,024,098,400
1971 $1,984,800,000 $882,765,472
1970 $1,904,000,000 $865,975,309
1969 $1,715,399,900 $788,641,965
1968 $1,610,500,000 $772,231,387
1967 $1,453,500,000 $841,974,025
1966 $1,390,700,000 $906,811,944
1965 $1,331,399,900 $735,267,082
1964 $1,299,099,900 $496,098,775
1963 $1,262,800,000 $496,947,904
1962 $1,143,600,000 $574,091,101
1961 $1,076,699,900 $531,959,562
1960 $1,043,599,900 $508,334,414

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Guatemala vs Nepal by year

Guatemala
GDP per capita

GDP per capita, PPP
Nepal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guatemala Nepal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,150 $14,369 $1,447 $5,737
2023 $5,758 $13,745 $1,382 $5,395
2022 $5,359 $13,014 $1,386 $5,103
2021 $4,913 $11,825 $1,253 $4,546
2020 $4,478 $10,947 $1,154 $4,236
2019 $4,512 $10,756 $1,203 $4,261
2018 $4,353 $9,947 $1,179 $3,956
2017 $4,325 $9,560 $1,034 $3,605
2016 $4,060 $9,201 $877 $2,976
2015 $3,894 $8,934 $876 $2,957
2014 $3,689 $8,237 $821 $2,901
2013 $3,444 $7,700 $803 $2,658
2012 $3,287 $7,258 $788 $2,466
2011 $3,169 $6,784 $786 $2,248
2010 $2,805 $6,510 $585 $2,139
2009 $2,612 $6,377 $473 $2,029
2008 $2,763 $6,435 $465 $1,942
2007 $2,459 $6,238 $385 $1,809
2006 $2,225 $5,833 $340 $1,718
2005 $2,046 $5,486 $309 $1,628
2004 $1,841 $5,263 $279.6 $1,542
2003 $1,723 $5,081 $246.4 $1,453
2002 $1,669 $4,969 $238.9 $1,390
2001 $1,538 $4,822 $240.8 $1,388
2000 $1,649 $4,715 $223.8 $1,317
1999 $1,604 $4,557 $208.6 $1,234
1998 $1,741 $4,437 $205.1 $1,187
1997 $1,638 $4,287 $211.8 $1,162
1996 $1,481 $4,143 $198.8 $1,110
1995 $1,421 $4,055 $197.8 $1,058
1994 $1,293 $3,886 $187.3 $1,026
1993 $1,166 $3,756 $172.8 $952
1992 $1,096 $3,626 $165 $920
1991 $1,014 $3,473 $195.7 $889
1990 $848 $3,330 $185.8 $830
1989 $958 - $185 -
1988 $919 - $187.1 -
1987 $854 - $162 -
1986 $896 - $159.5 -
1985 $1,238 - $149.9 -
1984 $1,241 - $151.1 -
1983 $1,220 - $146.6 -
1982 $1,204 - $147 -
1981 $1,216 - $142.9 -
1980 $1,142 - $125.1 -
1979 $1,026 - $121.9 -
1978 $925 - $108.1 -
1977 $856 - $95.3 -
1976 $697 - $102.5 -
1975 $595 - $113.6 -
1974 $529 - $89.8 -
1973 $441 - $73.2 -
1972 $370 - $78.8 -
1971 $358 - $69.5 -
1970 $353 - $69.6 -
1969 $326 - $64.8 -
1968 $315 - $64.9 -
1967 $291.9 - $72.3 -
1966 $287.3 - $79.5 -
1965 $283 - $65.8 -
1964 $284.2 - $45.3 -
1963 $284.4 - $46.3 -
1962 $265.2 - $54.6 -
1961 $257.2 - $51.6 -
1960 $256.8 - $50.2 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Guatemala's GDP per capita is $6,150, ranking 112/197, compared to $1,447 in Nepal, ranking 164/197. Adjusted for purchasing power (GDP per capita PPP), Guatemala ranks 116th at $14,369, while Nepal ranks 155th at $5,737.

Economic indicators

Guatemala Nepal
Gross domestic product
$113B
2024
$42.9B
2024
GDP rank
68/197
2024
101/197
2024
GDP growth
3.65%
2023-2024
3.67%
2023-2024
GDP per capita
$6,150
2024
$1,447
2024
GDP per capita rank
112/197
2024
164/197
2024
GDP per capita, PPP
$14,369
2024
$5,737
2024
GDP per capita PPP rank
116/197
2024
155/197
2024
Government debt
$29.8B
2024
$20.7B
2024
Debt-to-GDP ratio
26.3%
2024
48.3%
2024
Government debt per person
$1,619
2024
$700
2024
Government debt per person rank
124/185
2024
154/185
2024
Average annual personal income after taxes
$4,917
2026
$2,170
2026
Number of billionaires n/a
2
2025
Income share by richest 10%
34.1%
2023
24.2%
2022
Income share by poorest 10%
1.6%
2023
3.7%
2022
Government expenditure, % of GDP
13.4%
2024
22.1%
2024
Consumer prices inflation
2.87%
2023-2024
4.69%
2023-2024
Central bank interest rate
4%
2025
n/a
Unemployment rate
1.9%
2024
10.7%
2017
Population
19049936
29596762

Spending and national debt comparison by year

Guatemala
Spending

Debt
Nepal
Spending

Debt
1x
Year % of GDP
Guatemala Nepal
Government spending Government debt Government spending Government debt
2024 13.4% 26.3% 22.1% 48.3%
2023 13.7% 27.2% 25.1% 47%
2022 14.3% 29% 26.1% 42.7%
2021 13.5% 30.6% 27.2% 43.3%
2020 15.6% 31.5% 28.5% 43.3%
2019 13.4% 26.4% 27.1% 34%
2018 13.2% 26.4% 28% 31.1%
2017 12.8% 25.1% 23.6% 25%
2016 12.6% 24.9% 19% 25%
2015 12.6% 24.8% 17.7% 25.7%
2014 13.6% 24.7% 16.6% 27.6%
2013 14% 25% 15.5% 31.9%
2012 14.2% 24.6% 16.8% 34.5%
2011 14.5% 23.8% 16.3% 32.4%
2010 14.5% 24% 16.5% 35.4%
2009 14.1% 22.8% 17% 39.5%
2008 13.3% 19.6% 13.4% 36.8%
2007 13.9% 20.8% 13.1% 37.9%
2006 14.2% 20.9% 11.2% 42.9%
2005 13.2% 20% 12% 45.1%
2004 12.9% 20.6% 11.8% 51.3%
2003 14.4% 19.8% 12% 53%
2002 13.1% 17.4% 13% 51.8%
2001 13.8% 19.1% 12.9% 50.8%
2000 13.6% 18% 11.4% 50.8%
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 (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1999, retrieved 2026-02-20).

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

In 2024, Guatemala's government spending was $15.1B, accounting for 13.4% of its GDP, while Nepal spent $9.5B, or 22.1% of GDP.

Debt-to-GDP ratio is 26.3% in Guatemala and 48.3% in Nepal, ranking 161/185 and 112/185, respectively.

Government deficit by year

Deficit/surplus
Guatemala

Nepal
1x
Year Deficit/surplus, % of GDP
Guatemala Nepal
2024 -0.96% -2.76%
2023 -1.25% -5.81%
2022 -1.7% -3.12%
2021 -1.16% -3.98%
2020 -4.91% -7.47%
2019 -2.24% -4.27%
2018 -1.88% -5.83%
2017 -1.38% -2.69%
2016 -1.11% 1.2%
2015 -1.47% 0.46%
2014 -1.92% 1.36%
2013 -2.16% 1.57%
2012 -2.42% -1.18%
2011 -2.8% -0.72%
2010 -3.28% -0.67%
2009 -3.12% -2.24%
2008 -1.57% -0.29%
2007 -1.4% -0.67%
2006 -1.88% 0.24%
2005 -1.67% 0.24%
2004 -1.05% -0.14%
2003 -2.47% -0.34%
2002 -1.03% -2.46%
2001 -2% -2.35%
2000 -1.88% -1.48%
1999 -2.96% -
1998 -2.29% -
1997 -0.79% -
1996 0.04% -
1995 -0.53% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

GeoRank.org/economy/guatemala/nepal | 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 Nepal's deficit of $1.19B, or 2.76% of GDP.

Over the past 25 years, Guatemala recorded a fiscal deficit in 25 of those years, while Nepal ran a deficit in 19 years. On average, Guatemala posted an annual deficit equal to 1.95% of GDP, compared to deficit of 1.74% of GDP for Nepal.

Inflation comparison by year

Inflation
Guatemala

Nepal
1x
Year Consumer prices inflation
Guatemala Nepal
2024 2.87% 4.69%
2023 6.21% 7.12%
2022 6.89% 7.67%
2021 4.26% 4.13%
2020 3.21% 5.06%
2019 3.7% 5.57%
2018 3.75% 4.41%
2017 4.42% 2.78%
2016 4.45% 8.79%
2015 2.39% 7.87%
2014 3.42% 8.36%
2013 4.34% 9.04%
2012 3.78% 9.46%
2011 6.21% 9.23%
2010 3.86% 9.33%
2009 1.86% 11.1%
2008 11.4% 9.91%
2007 6.82% 2.27%
2006 6.56% 6.92%
2005 9.11% 6.84%
2004 7.58% 2.84%
2003 5.6% 5.71%
2002 8.13% 3.03%
2001 7.29% 2.69%
2000 5.98% 2.48%
1999 5.21% 7.45%
1998 6.61% 11.2%
1997 9.23% 4.01%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Guatemala has recorded an average annual inflation rate of 5.54%, compared with 6.43% in Nepal. In 2024, inflation was 2.87% in Guatemala and 4.69% in Nepal.

Top exports between countries

Guatemala
Export category Export value
Raw agricultural goods $6.07M
Nepal
Export category Export value

Balance of trade

Guatemala Nepal
Current account balance
$3.27B
2024
$1.68B
2024
Current account balance ranking
38/190
2024
50/190
2024
Current account balance, % of GDP
+2.89%
2024
+3.91%
2024
Goods imports
$29.1B
2024
$12.1B
2024
Goods exports
$13.3B
2024
$1.54B
2024
Service imports
$6.45B
2024
$2.27B
2024
Service exports
$4.65B
2024
$1.9B
2024
Imports of goods and services, % of GDP
31.5%
2024
32.9%
2024
Exports of goods and services, % of GDP
15.9%
2024
7.62%
2024

Economic freedom indices

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

Guatemala Nepal
Economic freedom 63.5 52.9
Economic freedom ranking 79/197 144/197
Property rights 39.1 38.8
Government integrity 25.2 38.9
Judicial effectiveness 26.1 42.9
Tax burden 91.3 84.3
Government spending 94.3 82.1
Fiscal health 95.9 71
Business freedom 65.7 60.8
Labor freedom 52.5 48.2
Monetary freedom 77.3 69.4
Trade freedom 74.6 58.6
Investment freedom 70 10
Financial freedom 50 30

Economic freedom comparison by year

Guatemala
Nepal
1x
Year Economic freedom index
Guatemala Nepal
2026 63.5 52.9
2025 63.4 52.5
2024 62.4 52.1
2023 62.7 51.4
2022 63.2 49.7
2021 64 50.7
2020 64 54.2
2019 62.6 53.8
2018 63.4 54.1
2017 63 55.1
2016 61.8 50.9
2015 60.4 51.3
2014 61.2 50.1
2013 60 50.4
2012 60.9 50.2
2011 61.9 50.1
2010 61 52.7
2009 59.4 53.2
2008 59.8 54.1
2007 60.5 54.4
2006 59.1 53.7
2005 59.5 51.4
2004 59.6 51.2
2003 62.3 51.5
2002 62.3 52.3
2001 65.1 51.6
2000 64.3 51.3
1999 66.2 53.1
1998 65.8 53.5
1997 65.7 53.6
1996 63.7 50.3
1995 62 -

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

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

The Economic Freedom Index for Guatemala is 63.5, ranking 79/197, compared to 52.9 for Nepal, ranking 144/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guatemala Nepal
Services, % of GDP
61.8%
2024
55.2%
2024
Industry, % of GDP
21.7%
2024
11.4%
2024
Agriculture, forestry, and fishing, % of GDP
9.78%
2024
21.9%
2024
GNI, Atlas method
$106B
2024
$43.7B
2024
GNI per capita, PPP
$14,170
2024
$5,830
2024
Total reserves including gold
$24.4B
2024
$12.5B
2023
Total reserves ranking
57/177
2024
74/177
2023
Net foreign direct investment
-$983M
2024
-$56.9M
2024
Net inflows of foreign direct investment
$1.85B
2024
$56.9M
2024
Net outflows of foreign direct investment
$865M
2024
$0
2024
Servicing debt to the IMF, % of GNI
1.75%
2024
1.23%
2024
Poverty at national poverty lines
56%
2023
20.3%
2022
Gross capital formation, % of GDP
16.7%
2024
30.4%
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/nepal | 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 (1995–2024, 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 (1995–1999, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. TradeMap (2023, 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.