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Economy of Guatemala vs Uganda compared: GDP & Debt

Updated on by Georank team

Guatemala has a GDP of $113B compared to $53.9B for Uganda, ranking 68/197 and 89/197 by economy size, respectively.

Guatemala has $29.8B in government debt (26.3% of GDP), compared to $27.8B (51.5% of GDP) in Uganda.

Guatemala vs Uganda GDP by year

Guatemala
Uganda
1x
Year GDP, current $
Guatemala Uganda
2024 $113,199,581,158 $53,911,907,086
2023 $104,368,755,055 $48,768,955,863
2022 $95,641,446,501 $45,565,333,211
2021 $86,455,522,273 $40,529,788,749
2020 $77,719,468,248 $37,600,368,242
2019 $77,172,331,693 $35,353,061,003
2018 $73,328,356,008 $32,927,025,620
2017 $71,653,780,740 $30,744,473,841
2016 $66,053,408,206 $29,203,988,696
2015 $62,186,066,548 $32,387,183,730
2014 $57,852,159,008 $32,612,397,257
2013 $52,996,420,177 $28,915,786,517
2012 $49,593,929,487 $27,305,915,911
2011 $46,876,006,272 $27,871,725,241
2010 $40,676,578,423 $26,673,441,431
2009 $37,126,148,265 $25,127,805,567
2008 $38,503,720,224 $14,440,404,132
2007 $33,567,850,824 $11,902,564,495
2006 $29,744,246,827 $9,977,647,683
2005 $26,783,389,294 $9,239,221,763
2004 $23,577,298,095 $7,939,487,548
2003 $21,576,351,799 $6,606,884,275
2002 $20,444,205,991 $6,178,563,591
2001 $18,405,220,247 $5,840,503,869
2000 $19,288,929,030 $6,193,246,837
1999 $18,318,412,251 $5,998,563,258
1998 $19,395,491,993 $6,584,815,847
1997 $17,790,026,222 $6,269,333,313
1996 $15,674,835,615 $6,044,585,327
1995 $14,655,404,433 $5,755,818,842
1994 $12,983,233,311 $3,990,430,447
1993 $11,400,017,301 $3,220,439,044
1992 $10,440,781,588 $2,857,457,762
1991 $9,406,135,143 $3,321,729,160
1990 $7,650,196,845 $4,304,399,310
1989 $8,410,724,361 $5,276,480,799
1988 $7,841,602,824 $6,508,931,652
1987 $7,084,399,840 $6,269,522,042
1986 $7,231,963,516 $3,923,244,050
1985 $9,721,652,087 $3,519,695,444
1984 $9,470,000,100 $3,615,647,477
1983 $9,050,000,400 $2,240,333,333
1982 $8,716,999,700 $2,177,500,000
1981 $8,607,500,300 $1,337,300,000
1980 $7,878,700,000 $1,244,610,000
1979 $6,902,600,200 $2,139,025,000
1978 $6,070,600,200 $2,420,260,870
1977 $5,480,500,200 $2,936,470,588
1976 $4,365,300,200 $2,447,300,000
1975 $3,645,900,000 $2,359,555,556
1974 $3,161,499,900 $2,098,944,967
1973 $2,569,200,100 $1,701,829,789
1972 $2,101,300,000 $1,490,970,181
1971 $1,984,800,000 $1,417,191,656
1970 $1,904,000,000 $1,259,554,809
1969 $1,715,399,900 $1,168,556,629
1968 $1,610,500,000 $1,037,379,252
1967 $1,453,500,000 $967,240,655
1966 $1,390,700,000 $925,381,492
1965 $1,331,399,900 $884,502,310
1964 $1,299,099,900 $589,247,687
1963 $1,262,800,000 $516,315,231
1962 $1,143,600,000 $449,158,233
1961 $1,076,699,900 $441,667,335
1960 $1,043,599,900 $423,145,605

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

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

GDP per capita in Guatemala vs Uganda by year

Guatemala
GDP per capita

GDP per capita, PPP
Uganda
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guatemala Uganda
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,150 $14,369 $1,078 $3,273
2023 $5,758 $13,745 $1,002 $3,098
2022 $5,359 $13,014 $963 $2,919
2021 $4,913 $11,825 $883 $2,685
2020 $4,478 $10,947 $846 $2,532
2019 $4,512 $10,756 $822 $2,441
2018 $4,353 $9,947 $792 $2,312
2017 $4,325 $9,560 $765 $2,158
2016 $4,060 $9,201 $753 $2,165
2015 $3,894 $8,934 $863 $2,190
2014 $3,689 $8,237 $896 $2,134
2013 $3,444 $7,700 $818 $2,045
2012 $3,287 $7,258 $795 $2,032
2011 $3,169 $6,784 $836 $2,268
2010 $2,805 $6,510 $823 $2,092
2009 $2,612 $6,377 $799 $2,015
2008 $2,763 $6,435 $473 $1,931
2007 $2,459 $6,238 $401 $1,795
2006 $2,225 $5,833 $347 $1,660
2005 $2,046 $5,486 $330 $1,497
2004 $1,841 $5,263 $292.4 $1,405
2003 $1,723 $5,081 $250.7 $1,320
2002 $1,669 $4,969 $242 $1,255
2001 $1,538 $4,822 $236 $1,173
2000 $1,649 $4,715 $258.1 $1,124
1999 $1,604 $4,557 $257.9 $1,100
1998 $1,741 $4,437 $292.5 $1,037
1997 $1,638 $4,287 $286.8 $1,007
1996 $1,481 $4,143 $284.7 $969
1995 $1,421 $4,055 $278.5 $897
1994 $1,293 $3,886 $198.4 $809
1993 $1,166 $3,756 $165.6 $770
1992 $1,096 $3,626 $152.1 $719
1991 $1,014 $3,473 $183 $703
1990 $848 $3,330 $245 $666
1989 $958 - $310 -
1988 $919 - $395 -
1987 $854 - $393 -
1986 $896 - $253.6 -
1985 $1,238 - $234.3 -
1984 $1,241 - $247.5 -
1983 $1,220 - $157.5 -
1982 $1,204 - $157 -
1981 $1,216 - $98.6 -
1980 $1,142 - $93.8 -
1979 $1,026 - $164.5 -
1978 $925 - $190.7 -
1977 $856 - $237.6 -
1976 $697 - $203.3 -
1975 $595 - $201.2 -
1974 $529 - $183.7 -
1973 $441 - $152.7 -
1972 $370 - $137 -
1971 $358 - $133.5 -
1970 $353 - $122 -
1969 $326 - $116.7 -
1968 $315 - $106.9 -
1967 $291.9 - $102.8 -
1966 $287.3 - $101.4 -
1965 $283 - $100 -
1964 $284.2 - $68.6 -
1963 $284.4 - $62 -
1962 $265.2 - $55.5 -
1961 $257.2 - $56.2 -
1960 $256.8 - $55.4 -

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

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

Guatemala's GDP per capita is $6,150, ranking 112/197, compared to $1,078 in Uganda, ranking 176/197. Adjusted for purchasing power (GDP per capita PPP), Guatemala ranks 116th at $14,369, while Uganda ranks 176th at $3,273.

Economic indicators

Guatemala Uganda
Gross domestic product
$113B
2024
$53.9B
2024
GDP rank
68/197
2024
89/197
2024
GDP growth
3.65%
2023-2024
6.06%
2023-2024
GDP per capita
$6,150
2024
$1,078
2024
GDP per capita rank
112/197
2024
176/197
2024
GDP per capita, PPP
$14,369
2024
$3,273
2024
GDP per capita PPP rank
116/197
2024
176/197
2024
Government debt
$29.8B
2024
$27.8B
2024
Debt-to-GDP ratio
26.3%
2024
51.5%
2024
Government debt per person
$1,619
2024
$555
2024
Government debt per person rank
124/185
2024
163/185
2024
Average annual personal income after taxes
$4,917
2026
$1,466
2026
Income share by richest 10%
34.1%
2023
34.5%
2019
Income share by poorest 10%
1.6%
2023
2.4%
2019
Government expenditure, % of GDP
13.4%
2024
18.7%
2024
Consumer prices inflation
2.87%
2023-2024
3.3%
2023-2024
Central bank interest rate
4%
2025
9.75%
2024
Unemployment rate
1.9%
2024
3.42%
2021
Population
19049936
53170946

Spending and national debt comparison by year

Guatemala
Spending

Debt
Uganda
Spending

Debt
1x
Year % of GDP
Guatemala Uganda
Government spending Government debt Government spending Government debt
2024 13.4% 26.3% 18.7% 51.5%
2023 13.7% 27.2% 19.3% 50.5%
2022 14.3% 29% 19.5% 50.2%
2021 13.5% 30.6% 22% 50.3%
2020 15.6% 31.5% 21.4% 46.3%
2019 13.4% 26.4% 18.3% 37.5%
2018 13.2% 26.4% 16.2% 34.9%
2017 12.8% 25.1% 16.3% 33.6%
2016 12.6% 24.9% 15.2% 31.3%
2015 12.6% 24.8% 14.9% 28%
2014 13.6% 24.7% 13.6% 24.8%
2013 14% 25% 13.3% 22.1%
2012 14.2% 24.6% 13.1% 19.5%
2011 14.5% 23.8% 13.2% 18%
2010 14.5% 24% 15.4% 18.4%
2009 14.1% 22.8% 11.8% 14.8%
2008 13.3% 19.6% 12.9% 15.7%
2007 13.9% 20.8% 13.2% 17%
2006 14.2% 20.9% 13.7% 27.8%
2005 13.2% 20% 14.5% 42.6%
2004 12.9% 20.6% 15.6% 49%
2003 14.4% 19.8% 16.5% 55.1%
2002 13.1% 17.4% 16.8% 54.7%
2001 13.8% 19.1% 16.2% 51.4%
2000 13.6% 18% 15.2% 48.5%
1999 14.6% 22% 14.7% 47.7%
1998 13.2% 19% 14% 45.1%
1997 11.2% 18.5% 13.9% 44.2%
1996 9.85% 19.2% - -
1995 9.77% 21% - -

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

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

In 2024, Guatemala's government spending was $15.1B, accounting for 13.4% of its GDP, while Uganda spent $10.1B, or 18.7% of GDP.

Debt-to-GDP ratio is 26.3% in Guatemala and 51.5% in Uganda, ranking 161/185 and 103/185, respectively.

Government deficit by year

Deficit/surplus
Guatemala

Uganda
1x
Year Deficit/surplus, % of GDP
Guatemala Uganda
2024 -0.96% -3.99%
2023 -1.25% -4.87%
2022 -1.7% -5.45%
2021 -1.16% -7.76%
2020 -4.91% -7.76%
2019 -2.24% -4.82%
2018 -1.88% -3.02%
2017 -1.38% -3.83%
2016 -1.11% -2.64%
2015 -1.47% -2.59%
2014 -1.92% -2.74%
2013 -2.16% -3.19%
2012 -2.42% -2.39%
2011 -2.8% -2.04%
2010 -3.28% -4.64%
2009 -3.12% -1.61%
2008 -1.57% -1.99%
2007 -1.4% -0.82%
2006 -1.88% -0.64%
2005 -1.67% -0.17%
2004 -1.05% 0.34%
2003 -2.47% -0.97%
2002 -1.03% -2.07%
2001 -2% -0.99%
2000 -1.88% -0.62%
1999 -2.96% -1.24%
1998 -2.29% -0.7%
1997 -0.79% -0.83%
1996 0.04% -
1995 -0.53% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

GeoRank.org/economy/guatemala/uganda | 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 Uganda's deficit of $2.15B, or 3.99% of GDP.

Over the past 28 years, Guatemala recorded a fiscal deficit in 28 of those years, while Uganda ran a deficit in 27 years. On average, Guatemala posted an annual deficit equal to 1.96% of GDP, compared to deficit of 2.64% of GDP for Uganda.

Inflation comparison by year

Inflation
Guatemala

Uganda
1x
Year Consumer prices inflation
Guatemala Uganda
2024 2.87% 3.3%
2023 6.21% 5.4%
2022 6.89% 7.2%
2021 4.26% 2.2%
2020 3.21% 2.8%
2019 3.7% 2.1%
2018 3.75% 2.5%
2017 4.42% 5.6%
2016 4.45% 5.2%
2015 2.39% 3.7%
2014 3.42% 4.3%
2013 4.34% 5.5%
2012 3.78% 14%
2011 6.21% 18.7%
2010 3.86% 4%
2009 1.86% 13%
2008 11.4% 12%
2007 6.82% 6.1%
2006 6.56% 7.2%
2005 9.11% 8.6%
2004 7.58% 3.7%
2003 5.6% 8.7%
2002 8.13% -0.3%
2001 7.29% 1.9%
2000 5.98% 3.4%
1999 5.21% 5.8%
1998 6.61% 5.8%
1997 9.23% 7.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Guatemala has recorded an average annual inflation rate of 5.54%, compared with 6.08% in Uganda. In 2024, inflation was 2.87% in Guatemala and 3.3% in Uganda.

Top exports between countries

Guatemala
Export category Export value
Raw agricultural goods $48K
Uganda
Export category Export value

Balance of trade

Guatemala Uganda
Current account balance
$3.27B
2024
-$4.29B
2024
Current account balance ranking
38/190
2024
164/190
2024
Current account balance, % of GDP
+2.89%
2024
-7.96%
2024
Goods imports
$29.1B
2024
$11.7B
2024
Goods exports
$13.3B
2024
$8.67B
2024
Service imports
$6.45B
2024
$4.38B
2024
Service exports
$4.65B
2024
$2.39B
2024
Imports of goods and services, % of GDP
31.5%
2024
25.9%
2024
Exports of goods and services, % of GDP
15.9%
2024
16.8%
2024

Economic freedom indices

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

Guatemala Uganda
Economic freedom 63.5 52.4
Economic freedom ranking 79/197 149/197
Property rights 39.1 42.2
Government integrity 25.2 25.1
Judicial effectiveness 26.1 29.4
Tax burden 91.3 73.4
Government spending 94.3 89
Fiscal health 95.9 58.3
Business freedom 65.7 50.2
Labor freedom 52.5 55.9
Monetary freedom 77.3 77.1
Trade freedom 74.6 58
Investment freedom 70 30
Financial freedom 50 40

Economic freedom comparison by year

Guatemala
Uganda
1x
Year Economic freedom index
Guatemala Uganda
2026 63.5 52.4
2025 63.4 51.3
2024 62.4 50.7
2023 62.7 51.4
2022 63.2 54.2
2021 64 58.6
2020 64 59.5
2019 62.6 59.7
2018 63.4 62
2017 63 60.9
2016 61.8 59.3
2015 60.4 59.7
2014 61.2 59.9
2013 60 61.1
2012 60.9 61.9
2011 61.9 61.7
2010 61 62.2
2009 59.4 63.5
2008 59.8 63.8
2007 60.5 63.1
2006 59.1 63.9
2005 59.5 62.9
2004 59.6 64.1
2003 62.3 60.1
2002 62.3 61
2001 65.1 60.4
2000 64.3 58.2
1999 66.2 64.8
1998 65.8 64.7
1997 65.7 66.6
1996 63.7 66.2
1995 62 62.9

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

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

The Economic Freedom Index for Guatemala is 63.5, ranking 79/197, compared to 52.4 for Uganda, ranking 149/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guatemala Uganda
Services, % of GDP
61.8%
2024
43.1%
2024
Industry, % of GDP
21.7%
2024
24.9%
2024
Agriculture, forestry, and fishing, % of GDP
9.78%
2024
24.6%
2024
GNI, Atlas method
$106B
2024
$50.9B
2024
GNI per capita, PPP
$14,170
2024
$3,190
2024
Total reserves including gold
$24.4B
2024
$3.36B
2018
Total reserves ranking
57/177
2024
114/177
2018
Net foreign direct investment
-$983M
2024
-$3.26B
2024
Net inflows of foreign direct investment
$1.85B
2024
$3.26B
2024
Net outflows of foreign direct investment
$865M
2024
$400K
2024
Servicing debt to the IMF, % of GNI
1.75%
2024
2.96%
2024
Poverty at national poverty lines
56%
2023
20.3%
2019
Gross capital formation, % of GDP
16.7%
2024
22.4%
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/uganda | 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 (1995–2024, 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 (1995–1999, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. TradeMap (2022, retrieved 2026-02-08)

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.