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Guyana economy ranking: GDP & GDP per capita, debt

Updated on by Georank team

Guyana ranked 120/197 by economy size with a GDP of $24.7B and 41/197 by GDP per capita at $29,675. Guyana has $5.99B in government debt, with a debt-to-GDP ratio of 24.3%.

In 2024, Guyana made up 0.02% of the world's economy, compared to 0.01% in 1960.

Guyana GDP & GDP growth by year

GDP, current $
Inflation-adjusted growth
1x
Year GDP GDP growth
2024 $24,662,709,832 43.8%
2023 $16,918,503,597 33.8%
2022 $14,718,388,489 63.3%
2021 $8,041,362,110 20.1%
2020 $5,471,256,595 43.5%
2019 $5,173,760,192 5.35%
2018 $4,787,636,998 4.44%
2017 $4,748,174,334 3.73%
2016 $4,482,697,337 3.81%
2015 $4,279,840,194 0.69%
2014 $4,127,660,152 1.69%
2013 $4,167,800,929 3.65%
2012 $4,063,088,536 5.28%
2011 $3,691,384,318 5.2%
2010 $3,432,912,517 4.14%
2009 $3,165,663,153 3.61%
2008 $3,025,187,433 1.76%
2007 $2,730,971,595 7.19%
2006 $2,379,817,991 5.13%
2005 $824,880,550 -1.95%
2004 $787,814,379 1.56%
2003 $743,063,950 -0.63%
2002 $726,131,435 1.13%
2001 $712,167,450 2.28%
2000 $712,667,897 -1.36%
1999 $694,754,988 2.96%
1998 $717,530,683 -1.68%
1997 $749,138,010 6.18%
1996 $705,406,001 7.96%
1995 $621,626,786 5.03%
1994 $540,874,934 8.53%
1993 $454,101,382 8.18%
1992 $373,573,141 7.76%
1991 $348,533,095 6.06%
1990 $396,582,263 -3.07%
1989 $379,779,390 -4.92%
1988 $413,799,990 -3.69%
1987 $354,591,847 0.9%
1986 $504,651,140 -0.9%
1985 $453,488,372 2.4%
1984 $437,631,605 -5.03%
1983 $489,333,333 -6.79%
1982 $482,000,000 -13.2%
1981 $570,357,107 1.5%
1980 $603,200,000 1.73%
1979 $530,440,000 -1.84%
1978 $507,080,000 -1.81%
1977 $449,880,000 -2.64%
1976 $454,440,000 1.54%
1975 $494,791,667 8.48%
1974 $433,954,545 7.7%
1973 $307,047,619 1.24%
1972 $285,380,952 -3.32%
1971 $282,050,000 3.11%
1970 $267,800,000 4.26%
1969 $249,300,000 6.99%
1968 $229,750,000 1.02%
1967 $250,176,471 4.31%
1966 $228,705,882 5.23%
1965 $213,235,294 10.5%
1964 $194,774,513 11.4%
1963 $175,757,894 -12.3%
1962 $194,949,513 1.1%
1961 $185,849,535 4.69%
1960 $170,216,241 -

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

GeoRank.org/economy/guyana | CC BY

Guyana GDP per capita by year

GDP per capita
GDP per capita, PPP
1x
Year Current $
GDP per capita GDP per capita, PPP
2024 $29,675 $80,155
2023 $20,474 $54,729
2022 $17,913 $39,711
2021 $9,861 $22,866
2020 $6,776 $16,819
2019 $6,406 $13,241
2018 $6,048 $12,443
2017 $6,179 $12,243
2016 $5,871 $11,516
2015 $5,640 $11,408
2014 $5,473 $11,145
2013 $5,557 $11,200
2012 $5,444 $10,627
2011 $4,947 $10,066
2010 $4,582 $9,337
2009 $4,209 $8,824
2008 $4,009 $8,437
2007 $3,608 $8,110
2006 $3,136 $7,346
2005 $1,084 $6,761
2004 $1,033 $6,673
2003 $974 $6,392
2002 $951 $6,304
2001 $932 $6,131
2000 $932 $5,860
1999 $909 $5,812
1998 $940 $5,573
1997 $983 $5,615
1996 $928 $5,210
1995 $820 $4,753
1994 $716 $4,447
1993 $603 $4,027
1992 $498 $3,651
1991 $466 $3,322
1990 $529 $3,022
1989 $503 -
1988 $545 -
1987 $464 -
1986 $657 -
1985 $588 -
1984 $565 -
1983 $631 -
1982 $621 -
1981 $735 -
1980 $779 -
1979 $689 -
1978 $663 -
1977 $593 -
1976 $604 -
1975 $664 -
1974 $588 -
1973 $421 -
1972 $395 -
1971 $396 -
1970 $381 -
1969 $361 -
1968 $340 -
1967 $378 -
1966 $353 -
1965 $336 -
1964 $313 -
1963 $288.8 -
1962 $327 -
1961 $319 -
1960 $299.1 -

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

GeoRank.org/economy/guyana | CC BY

Guyana has a GDP per capita of $29,675, ranking 41/197, a GDP per capita based on purchasing power parity (PPP) of $80,155, ranking 15/197, and a median annual after tax income of $13,212, ranking 62/197.

Guyana GDP rankings by year

GDP
GDP per capita
GDP per capita, PPP
1x
Year Rank
GDP GDP per capita GDP per capita, PPP
2024 119 38 12
2023 132 57 35
2022 136 58 49
2021 151 75 69
2020 155 85 76
2019 159 96 105
2018 160 100 103
2017 160 94 102
2016 158 93 103
2015 160 99 103
2014 162 106 104
2013 162 106 100
2012 161 106 98
2011 161 109 103
2010 161 104 104
2009 161 102 104
2008 162 109 108
2007 161 104 105
2006 162 103 105
2005 175 142 104
2004 174 137 101
2003 173 134 100
2002 172 127 99
2001 171 125 98
2000 169 129 97
1999 165 126 94
1998 166 124 93
1997 165 122 92
1996 163 122 89
1995 164 125 93
1994 162 124 95
1993 164 134 99
1992 164 141 100
1991 163 145 105
1990 159 143 107
1989 145 129 -
1988 143 126 -
1987 142 127 -
1986 129 109 -
1985 130 114 -
1984 130 116 -
1983 129 113 -
1982 129 115 -
1981 128 107 -
1980 126 103 -
1979 121 97 -
1978 121 93 -
1977 121 91 -
1976 117 85 -
1975 114 79 -
1974 112 82 -
1973 114 86 -
1972 113 80 -
1971 110 72 -
1970 109 68 -
1969 103 56 -
1968 103 54 -
1967 100 49 -
1966 98 50 -
1965 99 49 -
1964 98 51 -
1963 96 55 -
1962 94 44 -
1961 93 43 -
1960 92 43 -

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

GeoRank.org/economy/guyana | CC BY

Compared with 2000, in 2024 Guyana is ranked 119th out of 182 by GDP (up from 169th), 38th by GDP per capita (up from 129th), and 12th by GDP per capita PPP (up from 97th).

Economic indicators

Guyana Rank
Gross domestic product
$24.7B
2024
120/197
GDP growth
43.8%
2023-2024
1/194
GDP per capita
$29,675
2024
41/197
GDP per capita, PPP
$80,155
2024
15/197
Government debt
$5.99B
2024
141/185
Debt-to-GDP ratio
24.3%
2024
168/185
Government debt per person
$7,213
2024
66/185
Average annual personal income after taxes
$13,212
2026
62/197
Income share by richest 10%
34.4%
1998
19/169
Income share by poorest 10%
1.1%
1998
167/169
Government expenditure, % of GDP
23.2%
2024
131/195
Consumer prices inflation
2.5%
2023-2024
122/195
Unemployment rate
13.2%
2019
21/196
Population
842249
161/197

Government spending, deficit, and debt by year

Spending
Debt
Deficit/surplus
1x
Year % of GDP
Government spending Government debt Government deficit/surplus
2024 23.2% 24.3% -7.31%
2023 23.7% 26.7% -5.78%
2022 20.3% 24.8% -5.11%
2021 24.8% 45.7% -6.94%
2020 30.5% 59.5% -7.78%
2019 28.1% 54% -2.52%
2018 27.6% 47.9% -2.52%
2017 26.3% 46.1% -3.14%
2016 25.2% 44% -3.21%
2015 21.7% 42.2% -0.75%
2014 23.1% 38.7% -3.88%
2013 21.4% 41.4% -2.16%
2012 21.8% 44.7% -3.11%
2011 23.5% 51.7% -2.13%
2010 23.9% 53.1% -1.88%
2009 25.4% 52.3% -2.5%
2008 24.1% 48.2% -2.78%
2007 25.5% 47.7% -3.35%
2006 29% 74.5% -6.16%
2005 28.4% 90.7% -6.54%
2004 23.7% 91.8% -2.88%
2003 23.5% 95.6% -4.81%
2002 23.1% 105.1% -2.42%
2001 24% 104.6% -3.71%
2000 22.9% 97.2% -2.27%
1999 17.6% 97.1% -0.47%
1998 19.7% 108% -2.67%
1997 20.9% 101.3% -1.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20).

GeoRank.org/economy/guyana | CC BY

This chart shows Guyana's government spending, budget balance, and debt over time, each expressed as a share of GDP.

Over the past 28 years, Guyana recorded a fiscal deficit in 28 of them, with an average annual deficit equal to 3.59% of GDP. In 2024, government spending reached $5.72B (23.2% of GDP), with a deficit of 7.31%.

The national debt reached $5.99B, ranking 141st out of 185 countries by total size, with a debt-to-GDP ratio of 24.3%, ranking 168th.

Inflation rate by year

1x
Year Inflation
2024 2.5%
2023 4.5%
2022 6.5%
2021 3.3%
2020 1.2%
2019 2.1%
2018 1.3%
2017 1.9%
2016 0.8%
2015 -0.9%
2014 0.7%
2013 1.9%
2012 2.4%
2011 4.4%
2010 4.3%
2009 3%
2008 8.1%
2007 12.2%
2006 6.7%
2005 6.9%
2004 4.7%
2003 6%
2002 5.4%
2001 2.6%
2000 6.1%
1999 7.5%
1998 4.6%
1997 3.6%
1996 7.1%
1995 12.2%
1994 12.4%
1993 8.4%
1992 26.7%
1991 103.1%
1990 64.3%
1989 89.5%
1988 39.9%
1987 28.7%
1986 7.9%
1985 15%
1984 25.1%
1983 15.3%
1982 20.6%
1981 22.2%
1980 14.1%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1980–2024, retrieved 2026-02-20).

GeoRank.org/economy/guyana | CC BY

Over the past 20 years, Guyana has had an average annual inflation rate of 3.69%. In 2024, inflation was 2.5%. The bar chart above shows consumer price inflation by year.

Balance of trade

Guyana Rank
Current account balance
$2.35B
2023
43/190
Current account balance, % of GDP
+13.9%
2023
14/190
Goods imports
$6B
2023
129/189
Goods exports
$13.2B
2023
91/189
Service imports
$4.95B
2023
91/189
Service exports
$529M
2023
142/189
Imports of goods and services, % of GDP
109.7%
2005
6/181
Exports of goods and services, % of GDP
84.6%
2005
13/193

Guyana top 10 trading partners

Guyana's biggest trading partner accounting for 20.1% of all exports and imports is the United States, with a trade balance between the two of +$800M: Guyana exports $3.37B worth of goods and services to the United States and imports $2.57B.

Below is the list of the top 10 trade partners of Guyana.

Rank Country Trade value Share of total trade Export to Import from Top export to Top import from
1 United States $5.93B 20.1% $3.37B $2.57B Raw materials & minerals Machinery & equipment
2 Netherlands $3.6B 12.2% $3.48B $121M Raw materials & minerals Machinery & equipment
3 United Kingdom $3.44B 11.6% $3.15B $284M Raw materials & minerals Machinery & equipment
4 Panama $2.6B 8.81% $2.54B $66.7M Raw materials & minerals Raw materials & minerals
5 Trinidad $2.07B 7.01% $1.67B $406M Machinery & equipment Raw materials & minerals
6 Singapore $1.24B 4.19% $1.18B $63M Raw materials & minerals Machinery & equipment
7 Spain $1.13B 3.82% $1.07B $57.6M Raw materials & minerals Raw materials & minerals
8 Brazil $1.1B 3.71% $639M $458M Raw materials & minerals Machinery & equipment
9 China $1.07B 3.63% $144M $929M Precious metals & jewellery Machinery & equipment
10 Italy $707M 2.39% $610M $96.1M Raw materials & minerals Machinery & equipment

Top 10 exports

Guyana Rank
Raw materials & minerals $18.3B 44/193
Machinery & equipment $2.64B 66/193
Precious metals & jewellery $964M 65/190
Raw agricultural goods $295M 94/193
Business & finance services $224M 107/188
Processed food, beverages & tobacco $59.8M 140/192
Animal & marine products $47.5M 123/192
Transport & tourism services $44.9M 171/188
Metals $39M 136/192
Wood & paper products $28.1M 122/192

Top 10 imports

Guyana Rank
Machinery & equipment $3.39B 104/193
Raw materials & minerals $1.45B 130/193
Metals $1.04B 94/193
Transport & tourism services $733M 136/188
Business & finance services $547M 110/188
Chemicals & pharma $402M 141/193
Processed food, beverages & tobacco $329M 140/193
Textiles & consumer goods $269M 141/193
Raw agricultural goods $129M 158/193
Animal & marine products $83.3M 141/193

Economic freedom indices

Guyana Rank
Economic freedom 58.7 109/197
Property rights 46.7 98/182
Government integrity 38.8 105/182
Judicial effectiveness 48.6 84/182
Tax burden 76.4 108/182
Government spending 85 49/180
Fiscal health 39.9 138/181
Business freedom 70.9 66/182
Labor freedom 76 4/182
Monetary freedom 78.5 30/180
Trade freedom 59.2 152/181
Investment freedom 55 92/181
Financial freedom 30 139/181

Economic freedom by year

1x
Year Index
Economic freedom Judicial effectiveness Tax burden Government spending Fiscal health
2026 58.7 48.6 76.4 85 39.9
2025 58.2 48.3 76.9 83.6 39.7
2024 57.3 48.3 74.9 80.2 25.8
2023 56.9 40.2 73.2 76 39
2022 59.5 47.4 67.5 74.8 67.4
2021 57.4 40.4 64.6 77.3 69.8
2020 56.2 42.6 66 64.4 58.6
2019 56.8 42.9 67 69.4 77.6
2018 58.7 42.5 68.4 70.8 73.8
2017 58.5 34.1 68 72.8 80.9
2016 55.4 - 68.7 73.1 -
2015 55.5 - 68.7 70.8 -
2014 55.7 - 68.4 71.8 -
2013 53.8 - 67.9 61.1 -
2012 51.3 - 64 52 -
2011 49.4 - 64.6 29.1 -
2010 48.4 - 55.9 26.2 -
2009 48.4 - 66.5 3.2 -
2008 48.8 - 67.3 16 -
2007 53.7 - 67.1 34.3 -
2006 56.6 - 60.3 41.7 -
2005 56.5 - 60.3 43 -
2004 53 - 60.9 14.5 -
2003 50.3 - 60.3 7.9 -
2002 54.3 - 60.9 47.1 -
2001 53.3 - 60.3 54.4 -
2000 52.4 - 59.9 44.5 -
1999 53.3 - 58.3 54.6 -
1998 52.7 - 58.9 53.7 -
1997 53.2 - 59.8 61.8 -
1996 50.1 - 55.9 37.3 -
1995 45.7 - 55.8 30.3 -

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

GeoRank.org/economy/guyana | CC BY

Guyana is ranked 97/174 for economic freedom with a score of 58.7, compared to 96/162 and a score of 56.6 in 2006.

Other economic metrics

Guyana Rank
Services, % of GDP
14.5%
2024
191/191
Industry, % of GDP
76%
2024
1/194
Agriculture, forestry, and fishing, % of GDP
7.62%
2024
87/193
GNI, Atlas method
$16.7B
2024
133/194
GNI per capita, PPP
$52,290
2024
39/191
Total reserves including gold
$1.01B
2024
141/177
Net foreign direct investment
$1.14B
2023
25/189
Net inflows of foreign direct investment
$8.63B
2024
40/193
Net outflows of foreign direct investment
$5.7M
2024
121/193
Servicing debt to the IMF, % of GNI
3.73%
2024
65/121
Poverty at national poverty lines
35%
2020
50/176
Gross capital formation, % of GDP
32.3%
2005
20/178

Compare Guyana vs other countries

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/guyana | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2021–2024, retrieved 2026-02-08)
  6. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)
  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.