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Economy of Guatemala vs Sudan compared: GDP & Debt

Updated on by Georank team

Guatemala has a GDP of $113B compared to $49.7B for Sudan, ranking 68/197 and 94/197 by economy size, respectively.

Guatemala has $29.8B in government debt (26.3% of GDP), compared to $130B (261.4% of GDP) in Sudan.

Guatemala vs Sudan GDP by year

Guatemala
Sudan
1x
Year GDP, current $
Guatemala Sudan
2024 $113,199,581,158 $49,672,435,513
2023 $104,368,755,055 $39,898,289,821
2022 $95,641,446,501 $51,666,875,363
2021 $86,455,522,273 $34,229,513,775
2020 $77,719,468,248 $27,034,593,750
2019 $77,172,331,693 $32,338,079,165
2018 $73,328,356,008 $32,333,780,383
2017 $71,653,780,740 $41,283,617,976
2016 $66,053,408,206 $42,630,376,000
2015 $62,186,066,548 $51,726,758,677
2014 $57,852,159,008 $49,516,748,618
2013 $52,996,420,177 $43,024,018,082
2012 $49,593,929,487 $37,632,919,967
2011 $46,876,006,272 $55,018,567,211
2010 $40,676,578,423 $58,962,978,034
2009 $37,126,148,265 $51,621,044,077
2008 $38,503,720,224 $64,833,083,257
2007 $33,567,850,824 $59,440,139,775
2006 $29,744,246,827 $45,263,831,634
2005 $26,783,389,294 $35,182,711,988
2004 $23,577,298,095 $26,646,007,251
2003 $21,576,351,799 $21,355,298,460
2002 $20,444,205,991 $18,137,128,388
2001 $18,405,220,247 $15,716,361,792
2000 $19,288,929,030 $12,257,299,147
1999 $18,318,412,251 $10,682,028,340
1998 $19,395,491,993 $11,250,221,537
1997 $17,790,026,222 $11,681,175,864
1996 $15,674,835,615 $9,018,300,725
1995 $14,655,404,433 $13,830,363,900
1994 $12,983,233,311 $12,793,794,737
1993 $11,400,017,301 $8,881,005,436
1992 $10,440,781,588 $7,031,933,492
1991 $9,406,135,143 $44,171,194,366
1990 $7,650,196,845 $33,641,222,222
1989 $8,410,724,361 $21,408,111,111
1988 $7,841,602,824 $14,372,555,556
1987 $7,084,399,840 $12,093,333,333
1986 $7,231,963,516 $10,092,200,000
1985 $9,721,652,087 $8,075,259,600
1984 $9,470,000,100 $10,447,615,385
1983 $9,050,000,400 $8,230,153,846
1982 $8,716,999,700 $8,732,542,274
1981 $8,607,500,300 $10,753,888,154
1980 $7,878,700,000 $8,951,800,000
1979 $6,902,600,200 $8,418,407,787
1978 $6,070,600,200 $8,128,719,315
1977 $5,480,500,200 $7,499,005,639
1976 $4,365,300,200 $6,013,210,816
1975 $3,645,900,000 $4,823,090,192
1974 $3,161,499,900 $3,958,931,660
1973 $2,569,200,100 $3,077,254,460
1972 $2,101,300,000 $2,483,055,722
1971 $1,984,800,000 $2,288,340,041
1970 $1,904,000,000 $2,100,229,759
1969 $1,715,399,900 $1,847,501,441
1968 $1,610,500,000 $1,677,771,401
1967 $1,453,500,000 $1,607,409,539
1966 $1,390,700,000 $1,484,491,676
1965 $1,331,399,900 $1,446,869,619
1964 $1,299,099,900 $1,388,282,600
1963 $1,262,800,000 $1,351,234,926
1962 $1,143,600,000 $1,328,259,625
1961 $1,076,699,900 $1,222,860,429
1960 $1,043,599,900 $1,126,364,162

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

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

GDP per capita in Guatemala vs Sudan by year

Guatemala
GDP per capita

GDP per capita, PPP
Sudan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guatemala Sudan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,150 $14,369 $985 $2,116
2023 $5,758 $13,745 $797 $2,421
2022 $5,359 $13,014 $1,046 $3,355
2021 $4,913 $11,825 $712 $3,249
2020 $4,478 $10,947 $578 $3,349
2019 $4,512 $10,756 $710 $3,914
2018 $4,353 $9,947 $731 $4,199
2017 $4,325 $9,560 $967 $4,252
2016 $4,060 $9,201 $1,033 $4,470
2015 $3,894 $8,934 $1,292 $4,217
2014 $3,689 $8,237 $1,275 $4,261
2013 $3,444 $7,700 $1,139 $3,725
2012 $3,287 $7,258 $1,019 $3,710
2011 $3,169 $6,784 $1,522 $4,112
2010 $2,805 $6,510 $1,665 $3,806
2009 $2,612 $6,377 $1,493 $3,732
2008 $2,763 $6,435 $1,928 $3,938
2007 $2,459 $6,238 $1,814 $3,836
2006 $2,225 $5,833 $1,415 $3,637
2005 $2,046 $5,486 $1,125 $3,407
2004 $1,841 $5,263 $872 $3,215
2003 $1,723 $5,081 $714 $3,058
2002 $1,669 $4,969 $621 $2,898
2001 $1,538 $4,822 $551 $2,769
2000 $1,649 $4,715 $441 $2,616
1999 $1,604 $4,557 $394 $2,475
1998 $1,741 $4,437 $425 $2,428
1997 $1,638 $4,287 $453 $2,358
1996 $1,481 $4,143 $357 $2,006
1995 $1,421 $4,055 $561 $1,902
1994 $1,293 $3,886 $532 $1,805
1993 $1,166 $3,756 $379 $1,794
1992 $1,096 $3,626 $307 $1,710
1991 $1,014 $3,473 $1,966 $1,599
1990 $848 $3,330 $1,528 $1,468
1989 $958 - $992 -
1988 $919 - $680 -
1987 $854 - $584 -
1986 $896 - $497 -
1985 $1,238 - $406 -
1984 $1,241 - $534 -
1983 $1,220 - $431 -
1982 $1,204 - $472 -
1981 $1,216 - $605 -
1980 $1,142 - $525 -
1979 $1,026 - $515 -
1978 $925 - $518 -
1977 $856 - $497 -
1976 $697 - $413 -
1975 $595 - $343 -
1974 $529 - $291.5 -
1973 $441 - $235.8 -
1972 $370 - $198.2 -
1971 $358 - $189 -
1970 $353 - $179.6 -
1969 $326 - $163.5 -
1968 $315 - $153.7 -
1967 $291.9 - $152.4 -
1966 $287.3 - $145.6 -
1965 $283 - $146.8 -
1964 $284.2 - $145.7 -
1963 $284.4 - $146.6 -
1962 $265.2 - $148.9 -
1961 $257.2 - $141.6 -
1960 $256.8 - $134.7 -

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

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

Guatemala's GDP per capita is $6,150, ranking 112/197, compared to $985 in Sudan, ranking 179/197. Adjusted for purchasing power (GDP per capita PPP), Guatemala ranks 116th at $14,369, while Sudan ranks 185th at $2,116.

Economic indicators

Guatemala Sudan
Gross domestic product
$113B
2024
$49.7B
2024
GDP rank
68/197
2024
94/197
2024
GDP growth
3.65%
2023-2024
-14%
2023-2024
GDP per capita
$6,150
2024
$985
2024
GDP per capita rank
112/197
2024
179/197
2024
GDP per capita, PPP
$14,369
2024
$2,116
2024
GDP per capita PPP rank
116/197
2024
185/197
2024
Government debt
$29.8B
2024
$130B
2024
Debt-to-GDP ratio
26.3%
2024
261.4%
2024
Government debt per person
$1,619
2024
$2,574
2024
Government debt per person rank
124/185
2024
109/185
2024
Average annual personal income after taxes
$4,917
2026
$1,704
2026
Income share by richest 10%
34.1%
2023
27.8%
2014
Income share by poorest 10%
1.6%
2023
3.2%
2014
Government expenditure, % of GDP
13.4%
2024
6.39%
2024
Consumer prices inflation
2.87%
2023-2024
138.8%
2021-2022
Central bank interest rate
4%
2025
n/a
Unemployment rate
1.9%
2024
7.53%
2022
Population
19049936
53335233

Spending and national debt comparison by year

Guatemala
Spending

Debt
Sudan
Spending

Debt
1x
Year % of GDP
Guatemala Sudan
Government spending Government debt Government spending Government debt
2024 13.4% 26.3% 6.39% 261.4%
2023 13.7% 27.2% 8.23% 259.9%
2022 14.3% 29% 17.9% 186.9%
2021 13.5% 30.6% 9.84% 189.6%
2020 15.6% 31.5% 10.9% 278.3%
2019 13.4% 26.4% 18.7% 216.5%
2018 13.2% 26.4% 16.8% 209.8%
2017 12.8% 25.1% 12.8% 149.5%
2016 12.6% 24.9% 9.98% 109.9%
2015 12.6% 24.8% 12.4% 93.2%
2014 13.6% 24.7% 13.5% 84.4%
2013 14% 25% 15.3% 105.8%
2012 14.2% 24.6% 16.5% 117.7%
2011 14.5% 23.8% 18.2% 78.1%
2010 14.5% 24% 17.4% 74.6%
2009 14.1% 22.8% 18.8% 71%
2008 13.3% 19.6% 19.7% 55.8%
2007 13.9% 20.8% 19.6% 53.7%
2006 14.2% 20.9% 18.8% 63.7%
2005 13.2% 20% 19.7% 75.5%
2004 12.9% 20.6% 16.5% 97.8%
2003 14.4% 19.8% 12.5% 117.4%
2002 13.1% 17.4% 10.5% 121.7%
2001 13.8% 19.1% 9.87% 125.6%
2000 13.6% 18% 10.4% 143.2%
1999 14.6% 22% 8.4% 160.5%
1998 13.2% 19% 7.79% 179.7%
1997 11.2% 18.5% 7.38% 167.7%
1996 9.85% 19.2% 9.31% 220.9%
1995 9.77% 21% 12.9% 239%
1994 - - 19.6% 386%
1993 - - 23.7% 285.9%
1992 - - 50.4% 495%
1991 - - 45.7% -
1990 - - 31% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1999, retrieved 2026-02-20).

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

In 2024, Guatemala's government spending was $15.1B, accounting for 13.4% of its GDP, while Sudan spent $3.17B, or 6.39% of GDP.

Debt-to-GDP ratio is 26.3% in Guatemala and 261.4% in Sudan, ranking 161/185 and 1/185, respectively.

Government deficit by year

Deficit/surplus
Guatemala

Sudan
1x
Year Deficit/surplus, % of GDP
Guatemala Sudan
2024 -0.96% -3.46%
2023 -1.25% -3.7%
2022 -1.7% -2.15%
2021 -1.16% -0.29%
2020 -4.91% -6.03%
2019 -2.24% -10.8%
2018 -1.88% -7.92%
2017 -1.38% -6.07%
2016 -1.11% -3.92%
2015 -1.47% -3.87%
2014 -1.92% -4.72%
2013 -2.16% -5.76%
2012 -2.42% -7.37%
2011 -2.8% -2.33%
2010 -3.28% 0.11%
2009 -3.12% -3.8%
2008 -1.57% 0.49%
2007 -1.4% -2.84%
2006 -1.88% -1.32%
2005 -1.67% -1.88%
2004 -1.05% 0.16%
2003 -2.47% 0.77%
2002 -1.03% -0.69%
2001 -2% -0.77%
2000 -1.88% -0.7%
1999 -2.96% -0.8%
1998 -2.29% -0.56%
1997 -0.79% -0.59%
1996 0.04% -2.61%
1995 -0.53% -3.48%
1994 - -3.03%
1993 - -8.04%
1992 - -24.5%
1991 - -26.5%
1990 - -16.2%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/guatemala/sudan | 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 Sudan's deficit of $1.72B, or 3.46% of GDP.

Over the past 30 years, Guatemala recorded a fiscal deficit in 29 of those years, while Sudan ran a deficit in 26 years. On average, Guatemala posted an annual deficit equal to 1.84% of GDP, compared to deficit of 2.9% of GDP for Sudan.

Inflation comparison by year

Inflation
Guatemala

Sudan
1x
Year Consumer prices inflation
Guatemala Sudan
2024 2.87% -
2023 6.21% -
2022 6.89% 138.8%
2021 4.26% 359%
2020 3.21% 163.3%
2019 3.7% 51%
2018 3.75% 63.3%
2017 4.42% 32.4%
2016 4.45% 17.8%
2015 2.39% 16.9%
2014 3.42% 36.9%
2013 4.34% 36.5%
2012 3.78% 35.6%
2011 6.21% 18.1%
2010 3.86% 13%
2009 1.86% 11.3%
2008 11.4% 14.3%
2007 6.82% 14.8%
2006 6.56% 7.2%
2005 9.11% 8.51%
2004 7.58% 9.66%
2003 5.6% 6.49%
2002 8.13% 22.2%
2001 7.29% 1.94%
2000 5.98% 7.12%
1999 5.21% 17.2%
1998 6.61% 24.6%
1997 9.23% 47.2%

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

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

Over the past 26 years, Guatemala has recorded an average annual inflation rate of 5.62%, compared with 45.2% in Sudan. In 2022, inflation was 2.87% in Guatemala and 138.8% in Sudan.

Top exports between countries

Guatemala
Export category Export value
Raw agricultural goods $718K
Textiles & consumer goods $3K
Wood & paper products $2K
Machinery & equipment $1K
Metals $1K
Sudan
Export category Export value
Raw agricultural goods $190K

Balance of trade

Guatemala Sudan
Current account balance
$3.27B
2024
-$4.44B
2022
Current account balance ranking
38/190
2024
165/190
2022
Current account balance, % of GDP
+2.89%
2024
-8.6%
2022
Goods imports
$29.1B
2024
$9.99B
2022
Goods exports
$13.3B
2024
$4.36B
2022
Service imports
$6.45B
2024
$1.59B
2022
Service exports
$4.65B
2024
$1.55B
2022
Imports of goods and services, % of GDP
31.5%
2024
1.27%
2024
Exports of goods and services, % of GDP
15.9%
2024
0.72%
2024

Economic freedom indices

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

Guatemala Sudan
Economic freedom 63.5 32.5
Economic freedom ranking 79/197 191/197
Property rights 39.1 6.5
Government integrity 25.2 13.8
Judicial effectiveness 26.1 2.4
Tax burden 91.3 84.7
Government spending 94.3 96.5
Fiscal health 95.9 64.6
Business freedom 65.7 27.3
Labor freedom 52.5 33.6
Monetary freedom 77.3 6.2
Trade freedom 74.6 29.6
Investment freedom 70 5
Financial freedom 50 20

Economic freedom comparison by year

Guatemala
Sudan
1x
Year Economic freedom index
Guatemala Sudan
2026 63.5 32.5
2025 63.4 35.3
2024 62.4 33.9
2023 62.7 32.8
2022 63.2 32
2021 64 39.1
2020 64 45
2019 62.6 47.7
2018 63.4 49.4
2017 63 48.8
2016 61.8 -
2015 60.4 -
2014 61.2 -
2013 60 -
2012 60.9 -
2011 61.9 -
2010 61 -
2009 59.4 -
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 47.2
1999 66.2 39.6
1998 65.8 38.3
1997 65.7 39.9
1996 63.7 39.2
1995 62 39.4

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

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

The Economic Freedom Index for Guatemala is 63.5, ranking 79/197, compared to 32.5 for Sudan, ranking 191/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guatemala Sudan
Services, % of GDP
61.8%
2024
54.7%
2024
Industry, % of GDP
21.7%
2024
23.2%
2024
Agriculture, forestry, and fishing, % of GDP
9.78%
2024
22.2%
2024
GNI, Atlas method
$106B
2024
$35.8B
2024
GNI per capita, PPP
$14,170
2024
$2,050
2024
Total reserves including gold
$24.4B
2024
$178M
2017
Total reserves ranking
57/177
2024
171/177
2017
Net foreign direct investment
-$983M
2024
-$574M
2022
Net inflows of foreign direct investment
$1.85B
2024
$548M
2023
Net outflows of foreign direct investment
$865M
2024
$0
2024
Servicing debt to the IMF, % of GNI
1.75%
2024
0.42%
2024
Poverty at national poverty lines
56%
2023
46.5%
2020
Gross capital formation, % of GDP
16.7%
2024
2.89%
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/sudan | 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. TradeMap (2018–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1995–1999, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.