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Economy of Guatemala vs Niger compared: GDP & Debt

Updated on by Georank team

Guatemala has a GDP of $113B compared to $19.9B for Niger, ranking 68/197 and 130/197 by economy size, respectively.

Guatemala has $29.8B in government debt (26.3% of GDP), compared to $9.39B (47.2% of GDP) in Niger.

Guatemala vs Niger GDP by year

Guatemala
Niger
1x
Year GDP, current $
Guatemala Niger
2024 $113,199,581,158 $19,876,128,486
2023 $104,368,755,055 $16,698,786,978
2022 $95,641,446,501 $15,433,852,712
2021 $86,455,522,273 $14,915,002,436
2020 $77,719,468,248 $13,744,653,103
2019 $77,172,331,693 $12,889,555,561
2018 $73,328,356,008 $12,837,307,497
2017 $71,653,780,740 $11,185,104,252
2016 $66,053,408,206 $10,398,861,982
2015 $62,186,066,548 $9,683,867,926
2014 $57,852,159,008 $10,862,943,544
2013 $52,996,420,177 $10,224,897,438
2012 $49,593,929,487 $9,426,912,648
2011 $46,876,006,272 $8,772,950,778
2010 $40,676,578,423 $7,851,192,502
2009 $37,126,148,265 $7,352,131,310
2008 $38,503,720,224 $7,297,600,226
2007 $33,567,850,824 $5,731,485,052
2006 $29,744,246,827 $4,756,361,252
2005 $26,783,389,294 $4,383,315,965
2004 $23,577,298,095 $3,760,443,738
2003 $21,576,351,799 $3,394,084,732
2002 $20,444,205,991 $2,782,192,879
2001 $18,405,220,247 $2,448,714,704
2000 $19,288,929,030 $2,241,753,193
1999 $18,318,412,251 $2,537,789,821
1998 $19,395,491,993 $2,643,363,519
1997 $17,790,026,222 $2,290,318,910
1996 $15,674,835,615 $2,405,686,940
1995 $14,655,404,433 $2,302,537,562
1994 $12,983,233,311 $1,938,058,175
1993 $11,400,017,301 $3,052,673,849
1992 $10,440,781,588 $3,386,232,579
1991 $9,406,135,143 $3,285,796,875
1990 $7,650,196,845 $3,512,356,508
1989 $8,410,724,361 $2,179,567,114
1988 $7,841,602,824 $2,280,356,193
1987 $7,084,399,840 $2,233,006,105
1986 $7,231,963,516 $1,904,096,998
1985 $9,721,652,087 $1,440,581,652
1984 $9,470,000,100 $1,461,243,326
1983 $9,050,000,400 $1,803,099,561
1982 $8,716,999,700 $2,017,612,216
1981 $8,607,500,300 $2,170,893,414
1980 $7,878,700,000 $2,508,524,721
1979 $6,902,600,200 $2,109,277,666
1978 $6,070,600,200 $1,774,365,590
1977 $5,480,500,200 $1,291,458,041
1976 $4,365,300,200 $1,064,517,601
1975 $3,645,900,000 $1,048,690,933
1974 $3,161,499,900 $1,026,137,111
1973 $2,569,200,100 $946,385,105
1972 $2,101,300,000 $742,779,661
1971 $1,984,800,000 $693,573,704
1970 $1,904,000,000 $649,916,621
1969 $1,715,399,900 $625,867,985
1968 $1,610,500,000 $641,214,226
1967 $1,453,500,000 $665,586,872
1966 $1,390,700,000 $702,296,079
1965 $1,331,399,900 $673,383,511
1964 $1,299,099,900 $582,816,396
1963 $1,262,800,000 $586,294,879
1962 $1,143,600,000 $531,736,599
1961 $1,076,699,900 $485,785,231
1960 $1,043,599,900 $449,526,873

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

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

GDP per capita in Guatemala vs Niger by year

Guatemala
GDP per capita

GDP per capita, PPP
Niger
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guatemala Niger
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,150 $14,369 $735 $2,050
2023 $5,758 $13,745 $638 $1,875
2022 $5,359 $13,014 $610 $1,840
2021 $4,913 $11,825 $609 $1,586
2020 $4,478 $10,947 $580 $1,497
2019 $4,512 $10,756 $562 $1,419
2018 $4,353 $9,947 $579 $1,276
2017 $4,325 $9,560 $522 $1,208
2016 $4,060 $9,201 $503 $1,189
2015 $3,894 $8,934 $486 $1,172
2014 $3,689 $8,237 $565 $1,161
2013 $3,444 $7,700 $552 $1,138
2012 $3,287 $7,258 $529 $1,162
2011 $3,169 $6,784 $511 $1,064
2010 $2,805 $6,510 $474 $1,058
2009 $2,612 $6,377 $461 $999
2008 $2,763 $6,435 $475 $1,010
2007 $2,459 $6,238 $387 $955
2006 $2,225 $5,833 $333 $935
2005 $2,046 $5,486 $319 $888
2004 $1,841 $5,263 $283.5 $832
2003 $1,723 $5,081 $265.2 $837
2002 $1,669 $4,969 $225.3 $832
2001 $1,538 $4,822 $205.4 $809
2000 $1,649 $4,715 $194.8 $764
1999 $1,604 $4,557 $228.3 $783
1998 $1,741 $4,437 $246.1 $801
1997 $1,638 $4,287 $220.6 $745
1996 $1,481 $4,143 $239.5 $746
1995 $1,421 $4,055 $237 $757
1994 $1,293 $3,886 $206.2 $748
1993 $1,166 $3,756 $335 $742
1992 $1,096 $3,626 $384 $746
1991 $1,014 $3,473 $384 $738
1990 $848 $3,330 $424 $739
1989 $958 - $271.3 -
1988 $919 - $292.6 -
1987 $854 - $295.3 -
1986 $896 - $259.6 -
1985 $1,238 - $202.4 -
1984 $1,241 - $211.5 -
1983 $1,220 - $268.8 -
1982 $1,204 - $310 -
1981 $1,216 - $343 -
1980 $1,142 - $409 -
1979 $1,026 - $354 -
1978 $925 - $307 -
1977 $856 - $229.8 -
1976 $697 - $194.8 -
1975 $595 - $197.2 -
1974 $529 - $198.3 -
1973 $441 - $187.9 -
1972 $370 - $151.4 -
1971 $358 - $145.2 -
1970 $353 - $139.8 -
1969 $326 - $138.3 -
1968 $315 - $145.6 -
1967 $291.9 - $155.4 -
1966 $287.3 - $168.6 -
1965 $283 - $166.3 -
1964 $284.2 - $148.1 -
1963 $284.4 - $153.3 -
1962 $265.2 - $143.2 -
1961 $257.2 - $134.6 -
1960 $256.8 - $128.3 -

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

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

Guatemala's GDP per capita is $6,150, ranking 112/197, compared to $735 in Niger, ranking 187/197. Adjusted for purchasing power (GDP per capita PPP), Guatemala ranks 116th at $14,369, while Niger ranks 186th at $2,050.

Economic indicators

Guatemala Niger
Gross domestic product
$113B
2024
$19.9B
2024
GDP rank
68/197
2024
130/197
2024
GDP growth
3.65%
2023-2024
10.3%
2023-2024
GDP per capita
$6,150
2024
$735
2024
GDP per capita rank
112/197
2024
187/197
2024
GDP per capita, PPP
$14,369
2024
$2,050
2024
GDP per capita PPP rank
116/197
2024
186/197
2024
Government debt
$29.8B
2024
$9.39B
2024
Debt-to-GDP ratio
26.3%
2024
47.2%
2024
Government debt per person
$1,619
2024
$347
2024
Government debt per person rank
124/185
2024
173/185
2024
Average annual personal income after taxes
$4,917
2026
$1,163
2026
Income share by richest 10%
34.1%
2023
27.8%
2021
Income share by poorest 10%
1.6%
2023
3.8%
2021
Government expenditure, % of GDP
13.4%
2024
13.4%
2024
Consumer prices inflation
2.87%
2023-2024
9.07%
2023-2024
Central bank interest rate
4%
2025
n/a
Unemployment rate
1.9%
2024
0.4%
2022
Population
19049936
29080898

Spending and national debt comparison by year

Guatemala
Spending

Debt
Niger
Spending

Debt
1x
Year % of GDP
Guatemala Niger
Government spending Government debt Government spending Government debt
2024 13.4% 26.3% 13.4% 47.2%
2023 13.7% 27.2% 15.8% 51.8%
2022 14.3% 29% 21.6% 50.6%
2021 13.5% 30.6% 24.3% 51.3%
2020 15.6% 31.5% 22.4% 45%
2019 13.4% 26.4% 21.6% 39.8%
2018 13.2% 26.4% 21.2% 37%
2017 12.8% 25.1% 19.5% 36.5%
2016 12.6% 24.9% 19.4% 32.8%
2015 12.6% 24.8% 24.2% 29.9%
2014 13.6% 24.7% 23.6% 22.1%
2013 14% 25% 20.4% 19.6%
2012 14.2% 24.6% 16.6% 18.1%
2011 14.5% 23.8% 15.3% 14.7%
2010 14.5% 24% 14.3% 15.1%
2009 14.1% 22.8% 17.7% 15.9%
2008 13.3% 19.6% 16.9% 14.2%
2007 13.9% 20.8% 17.4% 17.8%
2006 14.2% 20.9% 15.2% 18.3%
2005 13.2% 20% 15.6% 49.5%
2004 12.9% 20.6% 16.1% 55%
2003 14.4% 19.8% 14% 60.6%
2002 13.1% 17.4% 14.4% 69%
2001 13.8% 19.1% 13.7% 74%
2000 13.6% 18% 13.5% 82.1%
1999 14.6% 22% 15% 63.3%
1998 13.2% 19% 13.6% 61.3%
1997 11.2% 18.5% 12.9% 69.1%
1996 9.85% 19.2% 10.9% 63.5%
1995 9.77% 21% 12.5% 69.4%

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/niger | CC BY

In 2024, Guatemala's government spending was $15.1B, accounting for 13.4% of its GDP, while Niger spent $2.67B, or 13.4% of GDP.

Debt-to-GDP ratio is 26.3% in Guatemala and 47.2% in Niger, ranking 161/185 and 114/185, respectively.

Government deficit by year

Deficit/surplus
Guatemala

Niger
1x
Year Deficit/surplus, % of GDP
Guatemala Niger
2024 -0.96% -4.27%
2023 -1.25% -5.37%
2022 -1.7% -6.77%
2021 -1.16% -6.1%
2020 -4.91% -4.82%
2019 -2.24% -3.56%
2018 -1.88% -3.01%
2017 -1.38% -4.12%
2016 -1.11% -4.46%
2015 -1.47% -6.75%
2014 -1.92% -6.12%
2013 -2.16% -1.93%
2012 -2.42% -0.83%
2011 -2.8% -2.19%
2010 -3.28% -0.99%
2009 -3.12% -3.93%
2008 -1.57% 1.11%
2007 -1.4% -0.75%
2006 -1.88% 31%
2005 -1.67% -1.53%
2004 -1.05% -2.76%
2003 -2.47% -2.17%
2002 -1.03% -2.21%
2001 -2% -2.59%
2000 -1.88% -2.83%
1999 -2.96% -4.27%
1998 -2.29% -2.23%
1997 -0.79% -2.39%
1996 0.04% -0.36%
1995 -0.53% -3.19%

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

GeoRank.org/economy/guatemala/niger | 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 Niger's deficit of $848M, or 4.27% of GDP.

Over the past 30 years, Guatemala recorded a fiscal deficit in 29 of those years, while Niger ran a deficit in 28 years. On average, Guatemala posted an annual deficit equal to 1.84% of GDP, compared to deficit of 2.01% of GDP for Niger.

Inflation comparison by year

Inflation
Guatemala

Niger
1x
Year Consumer prices inflation
Guatemala Niger
2024 2.87% 9.07%
2023 6.21% 3.7%
2022 6.89% 4.23%
2021 4.26% 3.84%
2020 3.21% 2.9%
2019 3.7% -2.49%
2018 3.75% 2.97%
2017 4.42% 2.8%
2016 4.45% 1.65%
2015 2.39% -0.58%
2014 3.42% -0.93%
2013 4.34% 2.3%
2012 3.78% 0.46%
2011 6.21% 2.94%
2010 3.86% 0.8%
2009 1.86% 0.58%
2008 11.4% 11.3%
2007 6.82% 0.05%
2006 6.56% 0.04%
2005 9.11% 7.8%
2004 7.58% 0.26%
2003 5.6% -1.61%
2002 8.13% 2.63%
2001 7.29% 4.01%
2000 5.98% 2.9%
1999 5.21% -2.3%
1998 6.61% 4.55%
1997 9.23% 2.93%

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

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

Over the past 28 years, Guatemala has recorded an average annual inflation rate of 5.54%, compared with 2.39% in Niger. In 2024, inflation was 2.87% in Guatemala and 9.07% in Niger.

Top exports between countries

Guatemala
Export category Export value
Machinery & equipment $11K
Textiles & consumer goods $3K
Metals $1K
Niger
Export category Export value

Balance of trade

Guatemala Niger
Current account balance
$3.27B
2024
-$2.33B
2023
Current account balance ranking
38/190
2024
146/190
2023
Current account balance, % of GDP
+2.89%
2024
-14%
2023
Goods imports
$29.1B
2024
$2.59B
2023
Goods exports
$13.3B
2024
$992M
2023
Service imports
$6.45B
2024
$1.22B
2023
Service exports
$4.65B
2024
$231M
2023
Imports of goods and services, % of GDP
31.5%
2024
22.7%
2024
Exports of goods and services, % of GDP
15.9%
2024
27.3%
2024

Economic freedom indices

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

Guatemala Niger
Economic freedom 63.5 51
Economic freedom ranking 79/197 156/197
Property rights 39.1 16.6
Government integrity 25.2 33.9
Judicial effectiveness 26.1 28
Tax burden 91.3 78.2
Government spending 94.3 91.4
Fiscal health 95.9 47.6
Business freedom 65.7 32.4
Labor freedom 52.5 54.7
Monetary freedom 77.3 67.9
Trade freedom 74.6 65.8
Investment freedom 70 55
Financial freedom 50 40

Economic freedom comparison by year

Guatemala
Niger
1x
Year Economic freedom index
Guatemala Niger
2026 63.5 51
2025 63.4 51.5
2024 62.4 52.3
2023 62.7 53.7
2022 63.2 54.9
2021 64 57.3
2020 64 54.7
2019 62.6 51.6
2018 63.4 49.5
2017 63 50.8
2016 61.8 54.3
2015 60.4 54.6
2014 61.2 55.1
2013 60 53.9
2012 60.9 54.3
2011 61.9 54.3
2010 61 52.9
2009 59.4 53.8
2008 59.8 52.9
2007 60.5 53.2
2006 59.1 52.5
2005 59.5 54.1
2004 59.6 54.6
2003 62.3 54.2
2002 62.3 48.2
2001 65.1 48.9
2000 64.3 45.9
1999 66.2 48.6
1998 65.8 47.5
1997 65.7 46.6
1996 63.7 45.8
1995 62 -

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

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

The Economic Freedom Index for Guatemala is 63.5, ranking 79/197, compared to 51 for Niger, ranking 156/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guatemala Niger
Services, % of GDP
61.8%
2024
45%
2024
Industry, % of GDP
21.7%
2024
17.6%
2024
Agriculture, forestry, and fishing, % of GDP
9.78%
2024
34.5%
2024
GNI, Atlas method
$106B
2024
$18.3B
2024
GNI per capita, PPP
$14,170
2024
$2,030
2024
Total reserves including gold
$24.4B
2024
n/a
Total reserves ranking
57/177
2024
n/a
Net foreign direct investment
-$983M
2024
-$1.02B
2023
Net inflows of foreign direct investment
$1.85B
2024
$358M
2024
Net outflows of foreign direct investment
$865M
2024
$20.7M
2024
Servicing debt to the IMF, % of GNI
1.75%
2024
1.94%
2024
Poverty at national poverty lines
56%
2023
41.2%
2021
Gross capital formation, % of GDP
16.7%
2024
22.1%
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/niger | 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. TradeMap (2020, 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.