Guatemala vs Trinidad and Tobago: Economic Indicators Comparison

Guatemala with a GDP of $78.5B ranked the 70th largest economy in the world, while Trinidad and Tobago ranked 113th with $23.8B. By GDP 5-years average growth and GDP per capita, Guatemala and Trinidad and Tobago ranked 69th vs 175th and 112th vs 53rd, respectively.

Gross Domestic Product & Income

StatGuatemalaTrinidad and Tobago
GDP$78.5B$23.8B
GDP growth, 1 year3.1%0.3%
GDP growth, 5-years average3.5%-1.5%
Population17.3M1.4M
GDP per capita$4.5k$17k
GDP per capita growth1.15%-0.66%
Purchasing Power Parity conversion factor4.043.62
Price level ratio of PPP conversion factor GDP to market exchange rate0.540.54
GDP per capita, PPP adjusted$8.4k$32k
GNI, Atlas method$75.9B$22.2B
GNI per capita$4.4k$16k
GNI, PPP adjusted$143.4B$43.1B
GNI per capita, PPP adjusted$8.3k$31k

Financial system and Human development

StatGuatemalaTrinidad and Tobago
Income Tax Rate31%25%
Corporate Tax Rate31%25%
Inflation, consumer prices3.8%1.1%
Inflation, GDP deflator2.9%6.1%
Unemployment2.7%2.8%
Economic Freedom Index6458.3
Personal Freedom Index7.146.88
Human Freedom Index7.216.81
Property Rights Index45.556.6
Judical Effectiveness Index32.242.1
Business Freedom Index62.667.3
Fiscal Health Index95.715.9
Labor Freedom Index48.476
Investment Freedom Index7060
Financial Freedom Index5050
Trade Freedom Index82.267.8
Monetary Freedom Index77.477.4
Government Spending Index95.666.5
Tax Burden Index79.282.6
Government Integrity Index29.637.4
Corruption Perceptions Index2741
Life expectancy at birth, years73.873.2
Suicide mortality rate, per 100,000 people2.713.6
Mortality caused by road traffic injury, per 100,000 people16.612.1
Intentional homicides, per 100,000 people26.130.9
International tourism, number of arrivals1.8M375k

Government debt & reserves

StatGuatemalaTrinidad and Tobago
Central government debt, % of GDP24.5%45.3%
External debt stocks, % of GNI29%N/A
External debt stocks$22.3BN/A
Short-term debt, % of total reserves7.3%N/A
Total debt service, % of exports and primary income26.7%N/A
Adjusted net savings including particulate emission damage, % of GNI1.9%N/A
Gross savings, % of GDP13.4%N/A
Gross capital formation, % of GDP12.1%N/A
Total reserves including gold$12.6B$8.1B
Foreign direct investment net inflows$1.1B-$602.5M

Exports, imports and economic structure

StatGuatemalaTrinidad and Tobago
Exports of goods and services, % of GDP18.1%N/A
Imports of goods and services, % of GDP27.7%N/A
Current account balance (balance of payments)$665M$1.2B
Revenue excluding grants, % of GDP11%38.4%
Grants excluding technical cooperation, BoP$342.5M$2.4M
Personal remittances received$9.4B$138.7M
Industry including construction value added, % of GDP24.6%42%
Agriculture, forestry and fishing value added, % of GDP10%1%
Charges for the use of intellectual property, payments BoP$209.8M$63.9M
Charges for the use of intellectual property, receipts BoP$700k$882k
Expense, % of GDP11.8%35.9%
Government Expenditure, % of GDP12.1%33.4%

Compare with countries close by GDP per capita

Guatemala vs

CountryGDP
per capita
Population
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M

Trinidad and Tobago vs

CountryGDP
per capita
Population
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M