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Economy of Guatemala vs Pakistan compared: GDP & Debt

Updated on by Georank

Guatemala has a GDP of $123B compared to $407B for Pakistan, ranking 67/197 and 41/197 by economy size, respectively.

Guatemala has $33.5B in government debt (27.2% of GDP), compared to $297B (72.8% of GDP) in Pakistan.

Guatemala vs Pakistan GDP by year

Guatemala
Pakistan
1x
Year GDP, current $
Guatemala Pakistan
2025 $123,306,008,821 $407,307,214,476
2024 $113,215,575,151 $371,747,087,751
2023 $104,298,081,429 $336,686,348,609
2022 $95,609,727,056 $374,890,295,667
2021 $86,455,522,273 $348,516,647,445
2020 $77,719,468,248 $300,425,609,818
2019 $77,172,331,693 $320,909,472,771
2018 $73,328,356,008 $356,128,166,705
2017 $71,653,780,740 $339,205,534,861
2016 $66,053,408,206 $313,630,000,130
2015 $62,186,066,548 $299,963,590,535
2014 $57,852,159,008 $271,390,474,858
2013 $52,996,420,177 $258,657,231,672
2012 $49,593,929,487 $250,106,966,105
2011 $46,876,006,272 $230,586,581,060
2010 $40,676,578,423 $196,709,621,850
2009 $37,126,148,265 $187,337,783,856
2008 $38,503,720,224 $202,203,748,584
2007 $33,567,850,824 $184,140,869,997
2006 $29,744,246,827 $161,871,385,506
2005 $26,783,389,294 $145,208,562,961
2004 $23,577,298,095 $132,216,048,339
2003 $21,576,351,799 $112,371,913,741
2002 $20,444,205,991 $97,923,302,809
2001 $18,405,220,247 $97,145,618,480
2000 $19,288,929,030 $99,484,802,345
1999 $18,318,412,251 $62,973,857,069
1998 $19,395,491,993 $62,191,955,814
1997 $17,790,026,222 $62,433,340,468
1996 $15,674,835,615 $63,320,170,084
1995 $14,655,404,433 $60,636,071,684
1994 $12,983,233,311 $52,293,470,813
1993 $11,400,017,301 $51,809,999,353
1992 $10,440,781,588 $48,884,671,947
1991 $9,406,135,143 $45,625,336,680
1990 $7,650,196,845 $40,010,423,970
1989 $8,410,724,361 $40,171,106,279
1988 $7,841,602,824 $38,472,742,808
1987 $7,084,399,840 $33,351,529,275
1986 $7,231,963,516 $31,899,070,056
1985 $9,721,652,087 $31,144,920,844
1984 $9,470,000,100 $31,151,825,467
1983 $9,050,000,400 $28,691,889,764
1982 $8,716,999,700 $30,725,971,564
1981 $8,607,500,300 $28,100,606,061
1980 $7,878,700,000 $23,654,444,444
1979 $6,902,600,200 $19,688,383,838
1978 $6,070,600,200 $17,811,515,152
1977 $5,480,500,200 $15,126,060,606
1976 $4,365,300,200 $13,168,080,808
1975 $3,645,900,000 $11,230,606,061
1974 $3,161,499,900 $8,899,191,919
1973 $2,569,200,100 $6,383,429,490
1972 $2,101,300,000 $9,415,016,360
1971 $1,984,800,000 $10,665,896,682
1970 $1,904,000,000 $10,027,509,450
1969 $1,715,399,900 $8,683,116,338
1968 $1,610,500,000 $8,041,999,160
1967 $1,453,500,000 $7,464,510,710
1966 $1,390,700,000 $6,561,108,778
1965 $1,331,399,900 $5,929,231,415
1964 $1,299,099,900 $5,204,955,901
1963 $1,262,800,000 $4,630,827,383
1962 $1,143,600,000 $4,310,163,797
1961 $1,076,699,900 $4,118,647,627
1960 $1,043,599,900 $3,749,265,015

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

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

GDP per capita in Guatemala vs Pakistan by year

Guatemala
GDP per capita

GDP per capita, PPP
Pakistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guatemala Pakistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $6,598 - $1,596 -
2024 $6,151 $14,369 $1,479 $6,252
2023 $5,754 $13,745 $1,360 $6,014
2022 $5,357 $13,014 $1,538 $5,920
2021 $4,913 $11,825 $1,455 $5,367
2020 $4,478 $10,947 $1,278 $5,048
2019 $4,512 $10,756 $1,390 $5,038
2018 $4,353 $9,947 $1,569 $4,979
2017 $4,325 $9,560 $1,519 $4,790
2016 $4,060 $9,201 $1,425 $4,631
2015 $3,894 $8,934 $1,380 $4,480
2014 $3,689 $8,237 $1,267 $4,313
2013 $3,444 $7,700 $1,225 $4,174
2012 $3,287 $7,258 $1,204 $4,047
2011 $3,169 $6,784 $1,132 $3,880
2010 $2,805 $6,510 $987 $3,786
2009 $2,612 $6,377 $964 $3,777
2008 $2,763 $6,435 $1,067 $3,721
2007 $2,459 $6,238 $998 $3,672
2006 $2,225 $5,833 $901 $3,515
2005 $2,046 $5,486 $828 $3,293
2004 $1,841 $5,263 $772 $3,048
2003 $1,723 $5,081 $672 $2,822
2002 $1,669 $4,969 $600 $2,688
2001 $1,538 $4,822 $610 $2,644
2000 $1,649 $4,715 $642 $2,565
1999 $1,604 $4,557 $418 $2,475
1998 $1,741 $4,437 $424 $2,419
1997 $1,638 $4,287 $438 $2,398
1996 $1,481 $4,143 $457 $2,401
1995 $1,421 $4,055 $451 $2,315
1994 $1,293 $3,886 $400 $2,224
1993 $1,166 $3,756 $408 $2,160
1992 $1,096 $3,626 $396 $2,132
1991 $1,014 $3,473 $380 $1,992
1990 $848 $3,330 $344 $1,895
1989 $958 - $358 -
1988 $919 - $354 -
1987 $854 - $317 -
1986 $896 - $314 -
1985 $1,238 - $317 -
1984 $1,241 - $327 -
1983 $1,220 - $311 -
1982 $1,204 - $345 -
1981 $1,216 - $328 -
1980 $1,142 - $287.4 -
1979 $1,026 - $249.2 -
1978 $925 - $233.4 -
1977 $856 - $204.7 -
1976 $697 - $183.9 -
1975 $595 - $161.7 -
1974 $529 - $132 -
1973 $441 - $97.5 -
1972 $370 - $148.1 -
1971 $358 - $172.5 -
1970 $353 - $166.7 -
1969 $326 - $148.5 -
1968 $315 - $141.6 -
1967 $291.9 - $135.2 -
1966 $287.3 - $122.2 -
1965 $283 - $113.6 -
1964 $284.2 - $102.5 -
1963 $284.4 - $93.7 -
1962 $265.2 - $89.5 -
1961 $257.2 - $87.8 -
1960 $256.8 - $82 -

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

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

Guatemala's GDP per capita is $6,598, ranking 108/197, compared to $1,596 in Pakistan, ranking 164/197. Adjusted for purchasing power (GDP per capita PPP), Guatemala ranks 116th at $14,369, while Pakistan ranks 150th at $6,252.

Economic indicators

Guatemala Pakistan
Gross domestic product
$123B
2025
$407B
2025
GDP rank
67/197
2025
41/197
2025
GDP growth
4.28%
2024-2025
3.7%
2024-2025
GDP per capita
$6,598
2025
$1,596
2025
GDP per capita rank
108/197
2025
164/197
2025
GDP per capita, PPP
$14,369
2024
$6,252
2024
GDP per capita PPP rank
116/197
2024
150/197
2024
Government debt
$33.5B
2025
$297B
2025
Debt-to-GDP ratio
27.2%
2025
72.8%
2025
Government debt per person
$1,793
2025
$1,162
2025
Government debt per person rank
122/185
2025
138/185
2025
Average annual personal income after taxes
$4,432
2026
$1,775
2026
Market capitalization of domestic companies n/a
$70.3B
2025
Income share by richest 10%
34.1%
2023
27.7%
2024
Income share by poorest 10%
1.6%
2023
3.4%
2024
Government expenditure, % of GDP
14.7%
2025
21.2%
2025
Consumer prices inflation
1.49%
2024-2025
3.55%
2024-2025
Central bank interest rate
4%
2025
11.5%
2026
Unemployment rate
1.9%
2024
6.96%
2025
Population
19115361
261421997

Spending and national debt comparison by year

Guatemala
Spending

Debt
Pakistan
Spending

Debt
1x
Year % of GDP
Guatemala Pakistan
Government spending Government debt Government spending Government debt
2025 14.7% 27.2% 21.2% 72.8%
2024 13.4% 26.3% 19.4% 70.2%
2023 13.7% 27.2% 19.3% 78.5%
2022 14.3% 29% 20% 77.3%
2021 13.5% 30.6% 18.5% 74.7%
2020 15.6% 31.5% 20.3% 80.8%
2019 13.4% 26.4% 19.1% 78.7%
2018 13.2% 26.4% 19.1% 66.3%
2017 12.8% 25.1% 19.1% 62.1%
2016 12.6% 24.9% 17.7% 62.1%
2015 12.6% 24.8% 17.8% 59.1%
2014 13.6% 24.7% 18.1% 58.8%
2013 14% 25% 19.5% 59.2%
2012 14.2% 24.6% 19.4% 58.4%
2011 14.5% 23.8% 17.9% 56.2%
2010 14.5% 24% 18.3% 56.7%
2009 14.1% 22.8% 17.3% 54.6%
2008 13.3% 19.6% 18% 49.5%
2007 13.9% 20.8% 16.1% 44.2%
2006 14.2% 20.9% 14.5% 46.2%
2005 13.2% 20% 13% 47.9%
2004 12.9% 20.6% 12.1% 50.6%
2003 14.4% 19.8% 12.9% 56.3%
2002 13.1% 17.4% 14.4% 60.5%
2001 13.8% 19.1% 12.9% 65.1%
2000 13.6% 18% 13.8% 61.7%
1999 14.6% 22% 13.2% 60.7%
1998 13.2% 19% 14.1% 53.8%
1997 11.2% 18.5% 13.7% 52.8%
1996 9.85% 19.2% 15% 52.5%
1995 9.77% 21% 14% 52.3%
1994 - - 14.5% 58.5%
1993 - - 17% 57.9%
1992 - - 22.6% 53.3%
1991 - - 21.4% 55.8%
1990 - - 23.9% 48.3%
1989 - - 26.1% 46.6%
1988 - - 27.9% 45%
1987 - - 29.5% 44.4%
1986 - - 27.6% 43.1%
1985 - - 28.3% 37%
1984 - - 25.4% 33.4%
1983 - - 24.8% 33.6%
1982 - - 24.5% 33.8%
1981 - - 21.6% 29.7%
1980 - - 22% 33.3%
1979 - - 25.3% 36.8%
1978 - - 25.5% 36.1%
1977 - - 20.4% 36.4%
1976 - - 21% 35.8%
1975 - - 20.4% 32.1%
1974 - - 15.3% 38%
1973 - - 13.9% 43.4%
1972 - - 13.5% 88.7%
1971 - - 22.1% 33.2%
1970 - - 23.6% 31.6%
1969 - - 15.6% 29.1%
1968 - - 13.7% 27.5%
1967 - - 12.9% 25.9%
1966 - - 12.2% 25.1%
1965 - - 11.2% 22.7%
1964 - - 12.1% 21.3%
1963 - - 14.7% 19.2%
1962 - - 11.8% 16.6%
1961 - - 10.6% 19.6%
1960 - - 10% 19.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1993–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Guatemala's government spending was $18.2B, accounting for 14.7% of its GDP, while Pakistan spent $86.4B, or 21.2% of GDP.

Debt-to-GDP ratio is 27.2% in Guatemala and 72.8% in Pakistan, ranking 163/185 and 53/185, respectively.

Government deficit by year

Deficit/surplus
Guatemala

Pakistan
1x
Year Deficit/surplus, % of GDP
Guatemala Pakistan
2025 -1.91% -5.37%
2024 -0.96% -6.79%
2023 -1.25% -7.76%
2022 -1.7% -7.84%
2021 -1.16% -6.04%
2020 -4.91% -7.03%
2019 -2.24% -7.79%
2018 -1.88% -5.67%
2017 -1.38% -5.17%
2016 -1.11% -3.92%
2015 -1.47% -4.74%
2014 -1.92% -4.37%
2013 -2.16% -7.48%
2012 -2.42% -7.74%
2011 -2.8% -6.23%
2010 -3.28% -5.42%
2009 -3.12% -4.53%
2008 -1.57% -5.94%
2007 -1.4% -4.23%
2006 -1.88% -2.79%
2005 -1.67% -2.29%
2004 -1.05% -1.29%
2003 -2.47% -0.12%
2002 -1.03% -2.64%
2001 -2% -2.45%
2000 -1.88% -3.21%
1999 -2.96% -3.07%
1998 -2.29% -4.46%
1997 -0.79% -3.87%
1996 0.04% -4.33%
1995 -0.53% -3.9%
1994 - -3.63%
1993 - -5.53%
1992 - -11.3%
1991 - -10.8%
1990 - -11.9%
1989 - -7.01%
1988 - -9.35%
1987 - -11.7%
1986 - -9.79%
1985 - -10.6%
1984 - -8.9%
1983 - -7.55%
1982 - -8.24%
1981 - -5.83%
1980 - -5.32%
1979 - -11.6%
1978 - -12.4%
1977 - -8.74%
1976 - -9.05%
1975 - -8.97%
1974 - -4.45%
1973 - -3.99%
1972 - -3.16%
1971 - -7.45%
1970 - -10.8%
1969 - -7.08%
1968 - -5.56%
1967 - -4.27%
1966 - -4.48%
1965 - -3.28%
1964 - -4.89%
1963 - -6.55%
1962 - -3.39%
1961 - -4.6%
1960 - -3.83%
1959 - -3.71%
1958 - -4.2%
1957 - -2.21%
1956 - -2.36%
1955 - -2%
1954 - -3.18%
1953 - -2.66%
1952 - -0.73%
1951 - 0.63%
1950 - -1.24%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1992, retrieved 2026-07-08).

GeoRank.org/economy/guatemala/pakistan | 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 Pakistan's deficit of $21.9B, or 5.37% of GDP.

Over the past 31 years, Guatemala recorded a fiscal deficit in 30 of those years, while Pakistan ran a deficit in 31 years. On average, Guatemala posted an annual deficit equal to 1.84% of GDP, compared to deficit of 4.79% of GDP for Pakistan.

Inflation comparison by year

Inflation
Guatemala

Pakistan
1x
Year Consumer prices inflation
Guatemala Pakistan
2025 1.49% 3.55%
2024 2.87% 12.6%
2023 6.21% 30.8%
2022 6.89% 19.9%
2021 4.26% 9.5%
2020 3.21% 9.74%
2019 3.7% 10.6%
2018 3.75% 5.08%
2017 4.42% 4.09%
2016 4.45% 3.77%
2015 2.39% 2.53%
2014 3.42% 7.19%
2013 4.34% 7.69%
2012 3.78% 9.68%
2011 6.21% 11.9%
2010 3.86% 12.9%
2009 1.86% 13.6%
2008 11.4% 20.3%
2007 6.82% 7.6%
2006 6.56% 7.92%
2005 9.11% 9.06%
2004 7.58% 7.44%
2003 5.6% 2.91%
2002 8.13% 3.29%
2001 7.29% 3.15%
2000 5.98% 4.37%
1999 5.21% 4.14%
1998 6.61% 6.23%
1997 9.23% 11.4%

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

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

Over the past 29 years, Guatemala has recorded an average annual inflation rate of 5.4%, compared with 9.07% in Pakistan. In 2025, inflation was 1.49% in Guatemala and 3.55% in Pakistan.

Top exports between countries

Guatemala
Export category Export value
Raw agricultural goods $10.1M
Textiles & consumer goods $113K
Metals $30K
Machinery & equipment $28K
Pakistan
Export category Export value
Textiles & consumer goods $4.91M
Chemicals & pharma $1.57M
Machinery & equipment $1.02M
Wood & paper products $302K
Processed food, beverages & tobacco $283K
Raw agricultural goods $269K
Metals $82K
Weapons & explosives $31K
Raw materials & minerals $27K
Animal & marine products $10K

Balance of trade

Guatemala Pakistan
Current account balance
$3.27B
2024
-$448M
2025
Current account balance ranking
36/190
2024
102/190
2025
Current account balance, % of GDP
+2.89%
2024
-0.11%
2025
Goods imports
$29.1B
2024
$62.6B
2025
Goods exports
$13.3B
2024
$31.5B
2025
Service imports
$6.45B
2024
$12B
2025
Service exports
$4.65B
2024
$9.09B
2025
Imports of goods and services, % of GDP
31%
2025
17.2%
2025
Exports of goods and services, % of GDP
15.6%
2025
9.99%
2025

Economic freedom indices

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

Guatemala Pakistan
Economic freedom 63.5 48.9
Economic freedom ranking 79/197 168/197
Property rights 39.1 25.7
Government integrity 25.2 26.3
Judicial effectiveness 26.1 27.6
Tax burden 91.3 78.2
Government spending 94.3 88.5
Fiscal health 95.9 10.1
Business freedom 65.7 54.4
Labor freedom 52.5 51.7
Monetary freedom 77.3 54.1
Trade freedom 74.6 70.4
Investment freedom 70 60
Financial freedom 50 40

Economic freedom comparison by year

Guatemala
Pakistan
1x
Year Economic freedom index
Guatemala Pakistan
2026 63.5 48.9
2025 63.4 49.1
2024 62.4 49.5
2023 62.7 49.4
2022 63.2 48.8
2021 64 51.7
2020 64 54.8
2019 62.6 55
2018 63.4 54.4
2017 63 52.8
2016 61.8 55.9
2015 60.4 55.6
2014 61.2 55.2
2013 60 55.1
2012 60.9 54.7
2011 61.9 55.1
2010 61 55.2
2009 59.4 57
2008 59.8 55.6
2007 60.5 57.2
2006 59.1 57.9
2005 59.5 53.3
2004 59.6 54.9
2003 62.3 55
2002 62.3 55.8
2001 65.1 56
2000 64.3 56.4
1999 66.2 53
1998 65.8 53.2
1997 65.7 56
1996 63.7 58.4
1995 62 57.6

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

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

The Economic Freedom Index for Guatemala is 63.5, ranking 79/197, compared to 48.9 for Pakistan, ranking 168/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guatemala Pakistan
Services, % of GDP
62.1%
2025
50.9%
2025
Industry, % of GDP
21.8%
2025
20.1%
2025
Agriculture, forestry, and fishing, % of GDP
9.55%
2025
23%
2025
GNI, Atlas method
$119B
2025
$382B
2025
GNI per capita, PPP
$15,020
2025
$6,430
2025
Total reserves including gold
$32.8B
2025
$26.5B
2025
Total reserves ranking
57/177
2025
62/177
2025
Net foreign direct investment
-$983M
2024
-$1.58B
2025
Net inflows of foreign direct investment
$1.85B
2024
$2.66B
2024
Net outflows of foreign direct investment
$865M
2024
$84M
2024
Servicing debt to the IMF, % of GNI
1.75%
2024
4.5%
2024
Poverty at national poverty lines
56%
2023
21.9%
2018
Gross capital formation, % of GDP
16.8%
2025
14.3%
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/pakistan | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2021–2025, 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.