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Economy of Guatemala vs Saint Vincent compared: GDP & Debt

Updated on by Georank team

Guatemala has a GDP of $113B compared to $1.16B for Saint Vincent, ranking 68/197 and 186/197 by economy size, respectively.

Guatemala has $29.8B in government debt (26.3% of GDP), compared to $1.07B (92.7% of GDP) in Saint Vincent.

Guatemala vs Saint Vincent GDP by year

Guatemala
Saint Vincent
1x
Year GDP, current $
Guatemala Saint Vincent
2024 $113,199,581,158 $1,157,207,407
2023 $104,368,755,055 $1,072,237,037
2022 $95,641,446,501 $989,188,889
2021 $86,455,522,273 $888,677,778
2020 $77,719,468,248 $864,566,667
2019 $77,172,331,693 $910,481,481
2018 $73,328,356,008 $884,329,630
2017 $71,653,780,740 $844,040,741
2016 $66,053,408,206 $814,303,704
2015 $62,186,066,548 $786,555,556
2014 $57,852,159,008 $770,900,000
2013 $52,996,420,177 $764,781,259
2012 $49,593,929,487 $730,032,593
2011 $46,876,006,272 $713,796,370
2010 $40,676,578,423 $720,447,889
2009 $37,126,148,265 $714,300,259
2008 $38,503,720,224 $732,663,259
2007 $33,567,850,824 $713,596,667
2006 $29,744,246,827 $643,501,148
2005 $26,783,389,294 $579,948,926
2004 $23,577,298,095 $549,900,185
2003 $21,576,351,799 $509,090,889
2002 $20,444,205,991 $487,763,852
2001 $18,405,220,247 $462,072,333
2000 $19,288,929,030 $427,946,037
1999 $18,318,412,251 $390,718,519
1998 $19,395,491,993 $373,618,519
1997 $17,790,026,222 $347,770,370
1996 $15,674,835,615 $331,488,889
1995 $14,655,404,433 $316,007,407
1994 $12,983,233,311 $289,437,037
1993 $11,400,017,301 $286,307,407
1992 $10,440,781,588 $277,955,556
1991 $9,406,135,143 $254,829,630
1990 $7,650,196,845 $240,366,667
1989 $8,410,724,361 $214,745,002
1988 $7,841,602,824 $200,726,713
1987 $7,084,399,840 $175,580,647
1986 $7,231,963,516 $160,846,657
1985 $9,721,652,087 $145,641,705
1984 $9,470,000,100 $135,024,988
1983 $9,050,000,400 $122,255,350
1982 $8,716,999,700 $113,759,203
1981 $8,607,500,300 $102,086,539
1980 $7,878,700,000 $82,340,340
1979 $6,902,600,200 $71,096,360
1978 $6,070,600,200 $60,844,771
1977 $5,480,500,200 $49,353,162
1976 $4,365,300,200 $32,792,845
1975 $3,645,900,000 $33,237,226
1974 $3,161,499,900 $32,923,703
1973 $2,569,200,100 $30,165,081
1972 $2,101,300,000 $27,585,805
1971 $1,984,800,000 $20,051,922
1970 $1,904,000,000 $18,450,000
1969 $1,715,399,900 $16,650,000
1968 $1,610,500,000 $15,350,000
1967 $1,453,500,000 $15,835,106
1966 $1,390,700,000 $16,099,960
1965 $1,331,399,900 $15,108,296
1964 $1,299,099,900 $14,758,296
1963 $1,262,800,000 $13,708,299
1962 $1,143,600,000 $14,524,964
1961 $1,076,699,900 $13,999,965
1960 $1,043,599,900 $13,066,634

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

GeoRank.org/economy/guatemala/saint-vincent | CC BY

GDP per capita in Guatemala vs Saint Vincent by year

Guatemala
GDP per capita

GDP per capita, PPP
Saint Vincent
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guatemala Saint Vincent
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,150 $14,369 $11,501 $21,272
2023 $5,758 $13,745 $10,582 $19,820
2022 $5,359 $13,014 $9,694 $18,035
2021 $4,913 $11,825 $8,641 $16,201
2020 $4,478 $10,947 $8,351 $15,337
2019 $4,512 $10,756 $8,741 $15,340
2018 $4,353 $9,947 $8,428 $14,690
2017 $4,325 $9,560 $7,988 $13,575
2016 $4,060 $9,201 $7,657 $13,493
2015 $3,894 $8,934 $7,354 $12,379
2014 $3,689 $8,237 $7,169 $12,136
2013 $3,444 $7,700 $7,072 $11,625
2012 $3,287 $7,258 $6,714 $10,989
2011 $3,169 $6,784 $6,528 $10,774
2010 $2,805 $6,510 $6,552 $10,561
2009 $2,612 $6,377 $6,464 $10,869
2008 $2,763 $6,435 $6,599 $10,902
2007 $2,459 $6,238 $6,398 $10,604
2006 $2,225 $5,833 $5,745 $9,949
2005 $2,046 $5,486 $5,157 $8,986
2004 $1,841 $5,263 $4,873 $8,472
2003 $1,723 $5,081 $4,500 $7,903
2002 $1,669 $4,969 $4,303 $7,250
2001 $1,538 $4,822 $4,071 $6,768
2000 $1,649 $4,715 $3,769 $6,503
1999 $1,604 $4,557 $3,447 $6,266
1998 $1,741 $4,437 $3,301 $6,026
1997 $1,638 $4,287 $3,074 $5,726
1996 $1,481 $4,143 $2,930 $5,440
1995 $1,421 $4,055 $2,795 $5,277
1994 $1,293 $3,886 $2,563 $4,802
1993 $1,166 $3,756 $2,540 $4,769
1992 $1,096 $3,626 $2,471 $4,477
1991 $1,014 $3,473 $2,271 $4,126
1990 $848 $3,330 $2,150 $3,960
1989 $958 - $1,930 -
1988 $919 - $1,814 -
1987 $854 - $1,596 -
1986 $896 - $1,472 -
1985 $1,238 - $1,342 -
1984 $1,241 - $1,254 -
1983 $1,220 - $1,144 -
1982 $1,204 - $1,074 -
1981 $1,216 - $972 -
1980 $1,142 - $790 -
1979 $1,026 - $687 -
1978 $925 - $592 -
1977 $856 - $484 -
1976 $697 - $324 -
1975 $595 - $331 -
1974 $529 - $331 -
1973 $441 - $306 -
1972 $370 - $282.1 -
1971 $358 - $207 -
1970 $353 - $192.3 -
1969 $326 - $175.2 -
1968 $315 - $163.1 -
1967 $291.9 - $170 -
1966 $287.3 - $174.9 -
1965 $283 - $166.2 -
1964 $284.2 - $164.4 -
1963 $284.4 - $154.9 -
1962 $265.2 - $166.5 -
1961 $257.2 - $163 -
1960 $256.8 - $154.8 -

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

GeoRank.org/economy/guatemala/saint-vincent | CC BY

Guatemala's GDP per capita is $6,150, ranking 112/197, compared to $11,501 in Saint Vincent, ranking 81/197. Adjusted for purchasing power (GDP per capita PPP), Guatemala ranks 116th at $14,369, while Saint Vincent ranks 92nd at $21,272.

Economic indicators

Guatemala Saint Vincent
Gross domestic product
$113B
2024
$1.16B
2024
GDP rank
68/197
2024
186/197
2024
GDP growth
3.65%
2023-2024
4.06%
2023-2024
GDP per capita
$6,150
2024
$11,501
2024
GDP per capita rank
112/197
2024
81/197
2024
GDP per capita, PPP
$14,369
2024
$21,272
2024
GDP per capita PPP rank
116/197
2024
92/197
2024
Government debt
$29.8B
2024
$1.07B
2024
Debt-to-GDP ratio
26.3%
2024
92.7%
2024
Government debt per person
$1,619
2024
$10,659
2024
Government debt per person rank
124/185
2024
56/185
2024
Average annual personal income after taxes
$4,917
2026
$12,573
2026
Income share by richest 10%
34.1%
2023
n/a
Income share by poorest 10%
1.6%
2023
n/a
Government expenditure, % of GDP
13.4%
2024
39.1%
2024
Consumer prices inflation
2.87%
2023-2024
3.63%
2023-2024
Central bank interest rate
4%
2025
n/a
Unemployment rate
1.9%
2024
18.8%
2008
Population
19049936
99237

Spending and national debt comparison by year

Guatemala
Spending

Debt
Saint Vincent
Spending

Debt
1x
Year % of GDP
Guatemala Saint Vincent
Government spending Government debt Government spending Government debt
2024 13.4% 26.3% 39.1% 92.7%
2023 13.7% 27.2% 38.9% 89.4%
2022 14.3% 29% 36.6% 86.3%
2021 13.5% 30.6% 37.2% 88.4%
2020 15.6% 31.5% 32.9% 80.2%
2019 13.4% 26.4% 29.2% 68.2%
2018 13.2% 26.4% 26.3% 69.4%
2017 12.8% 25.1% 26.6% 69%
2016 12.6% 24.9% 27.1% 79.4%
2015 12.6% 24.8% 27.6% 75.1%
2014 13.6% 24.7% 30.4% 75%
2013 14% 25% 29.4% 69.9%
2012 14.2% 24.6% 26.5% 68.1%
2011 14.5% 23.8% 29.4% 64%
2010 14.5% 24% 31.1% 61.1%
2009 14.1% 22.8% 31% 57.2%
2008 13.3% 19.6% 28.4% 50.3%
2007 13.9% 20.8% 27.1% 48.5%
2006 14.2% 20.9% 26.1% 44.7%
2005 13.2% 20% 26.7% 50.5%
2004 12.9% 20.6% 24.9% 58.6%
2003 14.4% 19.8% 26% 55.3%
2002 13.1% 17.4% 25.7% 53.2%
2001 13.8% 19.1% 24.4% 52%
2000 13.6% 18% 23.8% 54.3%
1999 14.6% 22% 25.2% 52.9%
1998 13.2% 19% 25.2% 39.5%
1997 11.2% 18.5% 26% 38.8%
1996 9.85% 19.2% 20.9% 40.7%
1995 9.77% 21% 19.9% 46.8%
1994 - - 22.4% 52.8%
1993 - - 22.3% 48.1%
1992 - - 25.4% 49.6%
1991 - - 25.5% 52.1%
1990 - - 23.1% 53.9%
1989 - - 27.6% -
1988 - - 24.8% -
1987 - - 23.7% -
1986 - - 22.3% -
1985 - - 21.4% -
1984 - - 23.1% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1984–1999, retrieved 2026-02-20).

GeoRank.org/economy/guatemala/saint-vincent | CC BY

In 2024, Guatemala's government spending was $15.1B, accounting for 13.4% of its GDP, while Saint Vincent spent $453M, or 39.1% of GDP.

Debt-to-GDP ratio is 26.3% in Guatemala and 92.7% in Saint Vincent, ranking 161/185 and 29/185, respectively.

Government deficit by year

Deficit/surplus
Guatemala

Saint Vincent
1x
Year Deficit/surplus, % of GDP
Guatemala Saint Vincent
2024 -0.96% -12.9%
2023 -1.25% -12%
2022 -1.7% -9.35%
2021 -1.16% -7.19%
2020 -4.91% -5.92%
2019 -2.24% -3.45%
2018 -1.88% -1.65%
2017 -1.38% -1.56%
2016 -1.11% 0.04%
2015 -1.47% -2.01%
2014 -1.92% -2.82%
2013 -2.16% -5.81%
2012 -2.42% -1.81%
2011 -2.8% -3.5%
2010 -3.28% -3.7%
2009 -3.12% -2.85%
2008 -1.57% -1.3%
2007 -1.4% -3.07%
2006 -1.88% -3.13%
2005 -1.67% -4.3%
2004 -1.05% -2.71%
2003 -2.47% -2.51%
2002 -1.03% -2%
2001 -2% -1.6%
2000 -1.88% -0.82%
1999 -2.96% -1.93%
1998 -2.29% -1.81%
1997 -0.79% -2.77%
1996 0.04% 1.57%
1995 -0.53% 1.08%
1994 - 0.12%
1993 - -1.46%
1992 - -3.25%
1991 - -0.47%
1990 - 1.69%
1989 - -1.92%
1988 - 0.59%
1987 - 1.1%
1986 - 2.32%
1985 - 4.23%
1984 - 2.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1984–1989, retrieved 2026-02-20).

GeoRank.org/economy/guatemala/saint-vincent | 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 Saint Vincent's deficit of $149M, or 12.9% of GDP.

Over the past 30 years, Guatemala recorded a fiscal deficit in 29 of those years, while Saint Vincent ran a deficit in 27 years. On average, Guatemala posted an annual deficit equal to 1.84% of GDP, compared to deficit of 3.39% of GDP for Saint Vincent.

Inflation comparison by year

Inflation
Guatemala

Saint Vincent
1x
Year Consumer prices inflation
Guatemala Saint Vincent
2024 2.87% 3.63%
2023 6.21% 4.56%
2022 6.89% 5.66%
2021 4.26% 1.57%
2020 3.21% -0.63%
2019 3.7% 0.91%
2018 3.75% 2.32%
2017 4.42% 2.15%
2016 4.45% -0.15%
2015 2.39% -1.73%
2014 3.42% 0.19%
2013 4.34% 0.81%
2012 3.78% 2.6%
2011 6.21% 3.19%
2010 3.86% 0.75%
2009 1.86% 0.42%
2008 11.4% 10.1%
2007 6.82% 7.24%
2006 6.56% 2.74%
2005 9.11% 3.73%
2004 7.58% 2.96%
2003 5.6% 0.21%
2002 8.13% 1.86%
2001 7.29% 0.9%
2000 5.98% 0.17%
1999 5.21% 1.01%
1998 6.61% 2.14%
1997 9.23% 0.44%

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

GeoRank.org/economy/guatemala/saint-vincent | CC BY

Over the past 28 years, Guatemala has recorded an average annual inflation rate of 5.54%, compared with 2.13% in Saint Vincent. In 2024, inflation was 2.87% in Guatemala and 3.63% in Saint Vincent.

Top exports between countries

Guatemala
Export category Export value
Metals $279K
Wood & paper products $113K
Textiles & consumer goods $109K
Chemicals & pharma $84K
Machinery & equipment $71K
Raw materials & minerals $14K
Processed food, beverages & tobacco $12K
Miscellaneous $3K
Raw agricultural goods $3K
Saint Vincent
Export category Export value

Balance of trade

Guatemala Saint Vincent
Current account balance
$3.27B
2024
-$157M
2024
Current account balance ranking
38/190
2024
93/190
2024
Current account balance, % of GDP
+2.89%
2024
-13.5%
2024
Goods imports
$29.1B
2024
$445M
2024
Goods exports
$13.3B
2024
$59.2M
2024
Service imports
$6.45B
2024
$196M
2024
Service exports
$4.65B
2024
$366M
2024
Imports of goods and services, % of GDP
31.5%
2024
n/a
Exports of goods and services, % of GDP
15.9%
2024
15.3%
2025

Economic freedom indices

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

Guatemala Saint Vincent
Economic freedom 63.5 60
Economic freedom ranking 79/197 98/197
Property rights 39.1 65.2
Government integrity 25.2 63.3
Judicial effectiveness 26.1 76.9
Tax burden 91.3 82
Government spending 94.3 56.2
Fiscal health 95.9 2.8
Business freedom 65.7 67.3
Labor freedom 52.5 60.1
Monetary freedom 77.3 77.3
Trade freedom 74.6 58.8
Investment freedom 70 70
Financial freedom 50 40

Economic freedom comparison by year

Guatemala
Saint Vincent
1x
Year Economic freedom index
Guatemala Saint Vincent
2026 63.5 60
2025 63.4 60.1
2024 62.4 59.8
2023 62.7 63.5
2022 63.2 65.7
2021 64 66.3
2020 64 66.8
2019 62.6 65.8
2018 63.4 67.7
2017 63 65.2
2016 61.8 68.8
2015 60.4 68
2014 61.2 67
2013 60 66.7
2012 60.9 66.5
2011 61.9 66.9
2010 61 66.9
2009 59.4 64.3
2008 59.8 -
2007 60.5 -
2006 59.1 -
2005 59.5 -
2004 59.6 -
2003 62.3 -
2002 62.3 -
2001 65.1 -
2000 64.3 -
1999 66.2 -
1998 65.8 -
1997 65.7 -
1996 63.7 -
1995 62 -

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

GeoRank.org/economy/guatemala/saint-vincent | CC BY

The Economic Freedom Index for Guatemala is 63.5, ranking 79/197, compared to 60 for Saint Vincent, ranking 98/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guatemala Saint Vincent
Services, % of GDP
61.8%
2024
66.4%
2024
Industry, % of GDP
21.7%
2024
15.4%
2024
Agriculture, forestry, and fishing, % of GDP
9.78%
2024
3.55%
2024
GNI, Atlas method
$106B
2024
$1.11B
2024
GNI per capita, PPP
$14,170
2024
$21,150
2024
Total reserves including gold
$24.4B
2024
$317M
2024
Total reserves ranking
57/177
2024
167/177
2024
Net foreign direct investment
-$983M
2024
-$74M
2024
Net inflows of foreign direct investment
$1.85B
2024
$139M
2024
Net outflows of foreign direct investment
$865M
2024
-$1.92M
2024
Servicing debt to the IMF, % of GNI
1.75%
2024
3.84%
2024
Poverty at national poverty lines
56%
2023
n/a
Gross capital formation, % of GDP
16.7%
2024
n/a

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/saint-vincent | 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 (1984–1999, retrieved 2026-02-20)
  6. TradeMap (2023–2024, 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.