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Economy of Guatemala vs Turkmenistan compared: GDP & Debt

Updated on by Georank

Guatemala has a GDP of $123B compared to $49.8B for Turkmenistan, ranking 67/197 and 96/197 by economy size, respectively.

Guatemala has $33.5B in government debt (27.2% of GDP), compared to $1.87B (3.76% of GDP) in Turkmenistan.

Guatemala vs Turkmenistan GDP by year

Guatemala
Turkmenistan
1x
Year GDP, current $
Guatemala Turkmenistan
2025 $123,306,008,821 $49,828,621,356
2024 $113,215,575,151 $44,249,447,717
2023 $104,298,081,429 $39,020,211,240
2022 $95,609,727,056 $37,583,913,148
2021 $86,455,522,273 $26,334,182,094
2020 $77,719,468,248 $27,350,527,268
2019 $77,172,331,693 $29,700,000,000
2018 $73,328,356,008 $26,036,313,869
2017 $71,653,780,740 $33,352,261,307
2016 $66,053,408,206 $33,313,947,368
2015 $62,186,066,548 $35,799,714,286
2014 $57,852,159,008 $43,524,210,526
2013 $52,996,420,177 $39,197,543,860
2012 $49,593,929,487 $35,164,210,526
2011 $46,876,006,272 $29,233,333,333
2010 $40,676,578,423 $22,583,157,895
2009 $37,126,148,265 $20,214,385,965
2008 $38,503,720,224 $19,271,523,179
2007 $33,567,850,824 $12,664,165,103
2006 $29,744,246,827 $10,276,674,365
2005 $26,783,389,294 $8,103,901,996
2004 $23,577,298,095 $6,838,351,088
2003 $21,576,351,799 $5,977,440,583
2002 $20,444,205,991 $4,462,029,109
2001 $18,405,220,247 $3,534,772,732
2000 $19,288,929,030 $2,904,663,311
1999 $18,318,412,251 $2,450,564,100
1998 $19,395,491,993 $2,605,689,134
1997 $17,790,026,222 $2,450,350,625
1996 $15,674,835,615 $2,378,759,975
1995 $14,655,404,433 $2,482,228,440
1994 $12,983,233,311 $2,561,118,608
1993 $11,400,017,301 $3,179,225,949
1992 $10,440,781,588 $3,200,539,816
1991 $9,406,135,143 $3,208,098,919
1990 $7,650,196,845 $3,189,539,641
1989 $8,410,724,361 $3,006,988,217
1988 $7,841,602,824 $3,010,982,414
1987 $7,084,399,840 $2,331,358,820
1986 $7,231,963,516 -
1985 $9,721,652,087 -
1984 $9,470,000,100 -
1983 $9,050,000,400 -
1982 $8,716,999,700 -
1981 $8,607,500,300 -
1980 $7,878,700,000 -
1979 $6,902,600,200 -
1978 $6,070,600,200 -
1977 $5,480,500,200 -
1976 $4,365,300,200 -
1975 $3,645,900,000 -
1974 $3,161,499,900 -
1973 $2,569,200,100 -
1972 $2,101,300,000 -
1971 $1,984,800,000 -
1970 $1,904,000,000 -
1969 $1,715,399,900 -
1968 $1,610,500,000 -
1967 $1,453,500,000 -
1966 $1,390,700,000 -
1965 $1,331,399,900 -
1964 $1,299,099,900 -
1963 $1,262,800,000 -
1962 $1,143,600,000 -
1961 $1,076,699,900 -
1960 $1,043,599,900 -

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

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

GDP per capita in Guatemala vs Turkmenistan by year

Guatemala
GDP per capita

GDP per capita, PPP
Turkmenistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guatemala Turkmenistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $6,598 - $6,540 -
2024 $6,151 $14,369 $5,904 $21,213
2023 $5,754 $13,745 $5,298 $19,829
2022 $5,357 $13,014 $5,198 $18,340
2021 $4,913 $11,825 $3,713 $16,434
2020 $4,478 $10,947 $3,935 $15,091
2019 $4,512 $10,756 $4,365 $15,478
2018 $4,353 $9,947 $3,912 $14,368
2017 $4,325 $9,560 $5,126 $13,278
2016 $4,060 $9,201 $5,238 $12,919
2015 $3,894 $8,934 $5,759 $12,715
2014 $3,689 $8,237 $7,164 $12,477
2013 $3,444 $7,700 $6,600 $11,723
2012 $3,287 $7,258 $6,054 $11,035
2011 $3,169 $6,784 $5,144 $10,283
2010 $2,805 $6,510 $4,059 $8,972
2009 $2,612 $6,377 $3,708 $8,285
2008 $2,763 $6,435 $3,606 $7,916
2007 $2,459 $6,238 $2,415 $6,901
2006 $2,225 $5,833 $1,997 $6,164
2005 $2,046 $5,486 $1,604 $5,489
2004 $1,841 $5,263 $1,379 $4,798
2003 $1,723 $5,081 $1,229 $4,536
2002 $1,669 $4,969 $936 $4,393
2001 $1,538 $4,822 $756 $4,401
2000 $1,649 $4,715 $634 $4,209
1999 $1,604 $4,557 $546 $3,981
1998 $1,741 $4,437 $591 $3,432
1997 $1,638 $4,287 $565 $3,222
1996 $1,481 $4,143 $558 $3,636
1995 $1,421 $4,055 $592 $3,405
1994 $1,293 $3,886 $622 $3,659
1993 $1,166 $3,756 $788 $4,422
1992 $1,096 $3,626 $811 $4,351
1991 $1,014 $3,473 $832 $5,117
1990 $848 $3,330 $848 $5,321
1989 $958 - $821 -
1988 $919 - $846 -
1987 $854 - $675 -
1986 $896 - - -
1985 $1,238 - - -
1984 $1,241 - - -
1983 $1,220 - - -
1982 $1,204 - - -
1981 $1,216 - - -
1980 $1,142 - - -
1979 $1,026 - - -
1978 $925 - - -
1977 $856 - - -
1976 $697 - - -
1975 $595 - - -
1974 $529 - - -
1973 $441 - - -
1972 $370 - - -
1971 $358 - - -
1970 $353 - - -
1969 $326 - - -
1968 $315 - - -
1967 $291.9 - - -
1966 $287.3 - - -
1965 $283 - - -
1964 $284.2 - - -
1963 $284.4 - - -
1962 $265.2 - - -
1961 $257.2 - - -
1960 $256.8 - - -

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

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

Guatemala's GDP per capita is $6,598, ranking 108/197, compared to $6,540 in Turkmenistan, ranking 111/197. Adjusted for purchasing power (GDP per capita PPP), Guatemala ranks 116th at $14,369, while Turkmenistan ranks 94th at $21,213.

Economic indicators

Guatemala Turkmenistan
Gross domestic product
$123B
2025
$49.8B
2025
GDP rank
67/197
2025
96/197
2025
GDP growth
4.28%
2024-2025
6.3%
2024-2025
GDP per capita
$6,598
2025
$6,540
2025
GDP per capita rank
108/197
2025
111/197
2025
GDP per capita, PPP
$14,369
2024
$21,213
2024
GDP per capita PPP rank
116/197
2024
94/197
2024
Government debt
$33.5B
2025
$1.87B
2025
Debt-to-GDP ratio
27.2%
2025
3.76%
2025
Government debt per person
$1,793
2025
$246
2025
Government debt per person rank
122/185
2025
180/185
2025
Average annual personal income after taxes
$4,432
2026
$2,520
2026
Income share by richest 10%
34.1%
2023
31.5%
1998
Income share by poorest 10%
1.6%
2023
2.4%
1998
Government expenditure, % of GDP
14.7%
2025
14.1%
2025
Consumer prices inflation
1.49%
2024-2025
2.7%
2024-2025
Central bank interest rate
4%
2025
n/a
Unemployment rate
1.9%
2024
4%
2010
Population
19115361
7800189

Spending and national debt comparison by year

Guatemala
Spending

Debt
Turkmenistan
Spending

Debt
1x
Year % of GDP
Guatemala Turkmenistan
Government spending Government debt Government spending Government debt
2025 14.7% 27.2% 14.1% 3.76%
2024 13.4% 26.3% 14.5% 4.11%
2023 13.7% 27.2% 13.7% 5.46%
2022 14.3% 29% 13% 7.14%
2021 13.5% 30.6% 13.4% 12.3%
2020 15.6% 31.5% 13.5% 15.4%
2019 13.4% 26.4% 13.6% 17.7%
2018 13.2% 26.4% 13.7% 22.5%
2017 12.8% 25.1% 17.8% 24.7%
2016 12.6% 24.9% 14.1% 21.1%
2015 12.6% 24.8% 17.3% 19%
2014 13.6% 24.7% 17% 16%
2013 14% 25% 16.9% 20.4%
2012 14.2% 24.6% 14.7% 17.9%
2011 14.5% 23.8% 15.4% 14.8%
2010 14.5% 24% 14.6% 7.04%
2009 14.1% 22.8% 14.4% 3.09%
2008 13.3% 19.6% 11.7% 3.56%
2007 13.9% 20.8% 14.4% 3.06%
2006 14.2% 20.9% 16% 4.23%
2005 13.2% 20% 21.1% 6.82%
2004 12.9% 20.6% 20.3% 11.4%
2003 14.4% 19.8% 20.8% 16.9%
2002 13.1% 17.4% 19.4% 24.2%
2001 13.8% 19.1% 22.6% 34.1%
2000 13.6% 18% 25.9% 55.1%
1999 14.6% 22% 20.8% 66.7%
1998 13.2% 19% 26.1% 81.6%
1997 11.2% 18.5% 26.9% 64.2%
1996 9.85% 19.2% - -
1995 9.77% 21% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1999, retrieved 2026-07-08).

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

In 2025, Guatemala's government spending was $18.2B, accounting for 14.7% of its GDP, while Turkmenistan spent $7.05B, or 14.1% of GDP.

Debt-to-GDP ratio is 27.2% in Guatemala and 3.76% in Turkmenistan, ranking 163/185 and 183/185, respectively.

Government deficit by year

Deficit/surplus
Guatemala

Turkmenistan
1x
Year Deficit/surplus, % of GDP
Guatemala Turkmenistan
2025 -1.91% 0.06%
2024 -0.96% -0.08%
2023 -1.25% 0.11%
2022 -1.7% 3.38%
2021 -1.16% 0.57%
2020 -4.91% -0.16%
2019 -2.24% -0.4%
2018 -1.88% -0.22%
2017 -1.38% -2.84%
2016 -1.11% -2.38%
2015 -1.47% -0.7%
2014 -1.92% 0.89%
2013 -2.16% 1.53%
2012 -2.42% 7.53%
2011 -2.8% 3.84%
2010 -3.28% 2.13%
2009 -3.12% 7.53%
2008 -1.57% 10.7%
2007 -1.4% 4.19%
2006 -1.88% 5.64%
2005 -1.67% 0.86%
2004 -1.05% 1.47%
2003 -2.47% 3.99%
2002 -1.03% 0.19%
2001 -2% 0.77%
2000 -1.88% -0.55%
1999 -2.96% 2.48%
1998 -2.29% 1.15%
1997 -0.79% -0.2%
1996 0.04% -
1995 -0.53% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08).

GeoRank.org/economy/guatemala/turkmenistan | 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 Turkmenistan's surplus of $31.4M, or 0.06% of GDP.

Over the past 29 years, Guatemala recorded a fiscal deficit in 29 of those years, while Turkmenistan ran a deficit in 9 years. On average, Guatemala posted an annual deficit equal to 1.95% of GDP, compared to surplus of 1.78% of GDP for Turkmenistan.

Inflation comparison by year

Inflation
Guatemala

Turkmenistan
1x
Year Consumer prices inflation
Guatemala Turkmenistan
2025 1.49% 2.7%
2024 2.87% 4.6%
2023 6.21% -1.6%
2022 6.89% 11.2%
2021 4.26% 19.5%
2020 3.21% 6.1%
2019 3.7% 5.1%
2018 3.75% 13.3%
2017 4.42% 8%
2016 4.45% 3.6%
2015 2.39% 7.4%
2014 3.42% 6%
2013 4.34% 6.8%
2012 3.78% 5.3%
2011 6.21% 5.3%
2010 3.86% 4.4%
2009 1.86% -2.7%
2008 11.4% 14.5%
2007 6.82% 6.3%
2006 6.56% 8.2%
2005 9.11% 10.7%
2004 7.58% 5.9%
2003 5.6% 5.6%
2002 8.13% 8.8%
2001 7.29% 11.6%
2000 5.98% 8%
1999 5.21% 23.5%
1998 6.61% 16.8%
1997 9.23% 83.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Guatemala has recorded an average annual inflation rate of 5.4%, compared with 10.6% in Turkmenistan. In 2025, inflation was 1.49% in Guatemala and 2.7% in Turkmenistan.

Balance of trade

Guatemala Turkmenistan
Current account balance
$3.27B
2024
n/a
Current account balance ranking
36/190
2024
n/a
Current account balance, % of GDP
+2.89%
2024
n/a
Goods imports
$29.1B
2024
n/a
Goods exports
$13.3B
2024
n/a
Service imports
$6.45B
2024
n/a
Service exports
$4.65B
2024
n/a
Imports of goods and services, % of GDP
31%
2025
13.7%
2025
Exports of goods and services, % of GDP
15.6%
2025
14.5%
2025

Economic freedom indices

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

Guatemala Turkmenistan
Economic freedom 63.5 47
Economic freedom ranking 79/197 177/197
Property rights 39.1 17.4
Government integrity 25.2 8.4
Judicial effectiveness 26.1 12.3
Tax burden 91.3 94.2
Government spending 94.3 94.3
Fiscal health 95.9 99.9
Business freedom 65.7 37.5
Labor freedom 52.5 29.3
Monetary freedom 77.3 76.7
Trade freedom 74.6 74.2
Investment freedom 70 10
Financial freedom 50 10

Economic freedom comparison by year

Guatemala
Turkmenistan
1x
Year Economic freedom index
Guatemala Turkmenistan
2026 63.5 47
2025 63.4 47.1
2024 62.4 46.3
2023 62.7 46.5
2022 63.2 46.2
2021 64 47.4
2020 64 46.5
2019 62.6 48.4
2018 63.4 47.1
2017 63 47.4
2016 61.8 41.9
2015 60.4 41.4
2014 61.2 42.2
2013 60 42.6
2012 60.9 43.8
2011 61.9 43.6
2010 61 42.5
2009 59.4 44.2
2008 59.8 43.4
2007 60.5 43
2006 59.1 43.8
2005 59.5 47.6
2004 59.6 50.7
2003 62.3 51.3
2002 62.3 43.2
2001 65.1 41.8
2000 64.3 37.6
1999 66.2 36.1
1998 65.8 35
1997 65.7 -
1996 63.7 -
1995 62 -

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

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

The Economic Freedom Index for Guatemala is 63.5, ranking 79/197, compared to 47 for Turkmenistan, ranking 177/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guatemala Turkmenistan
Services, % of GDP
62.1%
2025
48.9%
2025
Industry, % of GDP
21.8%
2025
36%
2025
Agriculture, forestry, and fishing, % of GDP
9.55%
2025
12.4%
2025
GNI, Atlas method
$119B
2025
$48.3B
2025
GNI per capita, PPP
$15,020
2025
$22,830
2025
Total reserves including gold
$32.8B
2025
$1.51B
1999
Total reserves ranking
57/177
2025
135/177
1999
Net foreign direct investment
-$983M
2024
n/a
Net inflows of foreign direct investment
$1.85B
2024
$1.64B
2024
Net outflows of foreign direct investment
$865M
2024
$0
2024
Servicing debt to the IMF, % of GNI
1.75%
2024
2.22%
2024
Poverty at national poverty lines
56%
2023
0.2%
2020
Gross capital formation, % of GDP
16.8%
2025
47.2%
2012

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/turkmenistan | 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 (1995–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1995–1999, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. Central Intelligence Agency (CIA) (2020, 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.