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Economy of Guyana vs Haiti compared: GDP & Debt

Updated on by Georank team

Guyana has a GDP of $24.7B compared to $25.2B for Haiti, ranking 120/197 and 117/197 by economy size, respectively.

Guyana has $5.99B in government debt (24.3% of GDP), compared to $3.91B (15.5% of GDP) in Haiti.

Guyana vs Haiti GDP by year

Guyana
Haiti
1x
Year GDP, current $
Guyana Haiti
2024 $24,662,709,832 $25,224,154,991
2023 $16,918,503,597 $19,850,585,722
2022 $14,718,388,489 $20,253,551,921
2021 $8,041,362,110 $20,944,387,976
2020 $5,471,256,595 $14,508,222,518
2019 $5,173,760,192 $15,016,090,930
2018 $4,787,636,998 $16,403,864,618
2017 $4,748,174,334 $15,093,357,161
2016 $4,482,697,337 $14,069,277,526
2015 $4,279,840,194 $14,849,629,309
2014 $4,127,660,152 $15,146,883,498
2013 $4,167,800,929 $14,902,488,604
2012 $4,063,088,536 $13,708,925,477
2011 $3,691,384,318 $13,008,746,039
2010 $3,432,912,517 $11,859,312,725
2009 $3,165,663,153 $11,597,002,835
2008 $3,025,187,433 $10,432,962,635
2007 $2,730,971,595 $9,228,637,768
2006 $2,379,817,991 $7,638,739,123
2005 $824,880,550 $7,030,149,730
2004 $787,814,379 $6,087,360,684
2003 $743,063,950 $5,071,947,798
2002 $726,131,435 $6,205,847,214
2001 $712,167,450 $6,331,970,324
2000 $712,667,897 $6,813,566,099
1999 $694,754,988 $4,153,725,884
1998 $717,530,683 $3,723,903,724
1997 $749,138,010 $3,338,949,152
1996 $705,406,001 $2,907,517,604
1995 $621,626,786 $2,813,313,279
1994 $540,874,934 $2,167,569,046
1993 $454,101,382 $1,878,253,767
1992 $373,573,141 $2,257,129,792
1991 $348,533,095 $3,473,562,628
1990 $396,582,263 $3,096,289,800
1989 $379,779,390 $2,736,243,800
1988 $413,799,990 $2,613,926,800
1987 $354,591,847 $2,047,200,000
1986 $504,651,140 $2,318,000,000
1985 $453,488,372 $2,009,400,000
1984 $437,631,605 $1,816,200,000
1983 $489,333,333 $1,623,600,000
1982 $482,000,000 $1,474,200,000
1981 $570,357,107 $1,479,400,000
1980 $603,200,000 $1,383,800,000
1979 $530,440,000 $1,080,600,000
1978 $507,080,000 $974,200,000
1977 $449,880,000 $947,000,000
1976 $454,440,000 $879,000,000
1975 $494,791,667 $681,400,000
1974 $433,954,545 $565,399,322
1973 $307,047,619 $466,798,973
1972 $285,380,952 $371,998,958
1971 $282,050,000 $362,800,000
1970 $267,800,000 $331,200,000
1969 $249,300,000 $391,820,400
1968 $229,750,000 $367,968,800
1967 $250,176,471 $369,124,200
1966 $228,705,882 $368,948,600
1965 $213,235,294 $353,251,800
1964 $194,774,513 $325,281,200
1963 $175,757,894 $294,883,400
1962 $194,949,513 $281,896,800
1961 $185,849,535 $271,066,000
1960 $170,216,241 $273,187,200

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

GeoRank.org/economy/guyana/haiti | CC BY

GDP per capita in Guyana vs Haiti by year

Guyana
GDP per capita

GDP per capita, PPP
Haiti
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guyana Haiti
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,675 $80,155 $2,143 $3,194
2023 $20,474 $54,729 $1,706 $3,292
2022 $17,913 $39,711 $1,761 $3,275
2021 $9,861 $22,866 $1,841 $3,145
2020 $6,776 $16,819 $1,290 $3,103
2019 $6,406 $13,241 $1,352 $3,237
2018 $6,048 $12,443 $1,496 $3,197
2017 $6,179 $12,243 $1,395 $3,339
2016 $5,871 $11,516 $1,318 $3,253
2015 $5,640 $11,408 $1,411 $3,026
2014 $5,473 $11,145 $1,460 $3,076
2013 $5,557 $11,200 $1,458 $3,042
2012 $5,444 $10,627 $1,361 $2,830
2011 $4,947 $10,066 $1,312 $2,858
2010 $4,582 $9,337 $1,210 $2,695
2009 $4,209 $8,824 $1,197 $2,855
2008 $4,009 $8,437 $1,095 $2,724
2007 $3,608 $8,110 $985 $2,647
2006 $3,136 $7,346 $829 $2,504
2005 $1,084 $6,761 $776 $2,427
2004 $1,033 $6,673 $683 $2,322
2003 $974 $6,392 $579 $2,331
2002 $951 $6,304 $721 $2,248
2001 $932 $6,131 $749 $2,230
2000 $932 $5,860 $821 $2,229
1999 $909 $5,812 $510 $2,201
1998 $940 $5,573 $465 $2,152
1997 $983 $5,615 $425 $2,122
1996 $928 $5,210 $377 $2,070
1995 $820 $4,753 $372 $1,989
1994 $716 $4,447 $292.1 $1,807
1993 $603 $4,027 $258.1 $2,048
1992 $498 $3,651 $316 $2,158
1991 $466 $3,322 $497 $2,273
1990 $529 $3,022 $452 $2,202
1989 $503 - $407 -
1988 $545 - $397 -
1987 $464 - $318 -
1986 $657 - $367 -
1985 $588 - $325 -
1984 $565 - $299.2 -
1983 $631 - $272.8 -
1982 $621 - $252.6 -
1981 $735 - $258.5 -
1980 $779 - $246.5 -
1979 $689 - $196.2 -
1978 $663 - $180.3 -
1977 $593 - $178.7 -
1976 $604 - $169.1 -
1975 $664 - $133.6 -
1974 $588 - $113 -
1973 $421 - $95.1 -
1972 $395 - $77.3 -
1971 $396 - $76.8 -
1970 $381 - $71.5 -
1969 $361 - $86.1 -
1968 $340 - $82.4 -
1967 $378 - $84.2 -
1966 $353 - $85.7 -
1965 $336 - $83.6 -
1964 $313 - $78.5 -
1963 $288.8 - $72.4 -
1962 $327 - $70.4 -
1961 $319 - $69 -
1960 $299.1 - $70.8 -

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

GeoRank.org/economy/guyana/haiti | CC BY

Guyana's GDP per capita is $29,675, ranking 41/197, compared to $2,143 in Haiti, ranking 153/197. Adjusted for purchasing power (GDP per capita PPP), Guyana ranks 15th at $80,155, while Haiti ranks 177th at $3,194.

Economic indicators

Guyana Haiti
Gross domestic product
$24.7B
2024
$25.2B
2024
GDP rank
120/197
2024
117/197
2024
GDP growth
43.8%
2023-2024
-4.17%
2023-2024
GDP per capita
$29,675
2024
$2,143
2024
GDP per capita rank
41/197
2024
153/197
2024
GDP per capita, PPP
$80,155
2024
$3,194
2024
GDP per capita PPP rank
15/197
2024
177/197
2024
Government debt
$5.99B
2024
$3.91B
2024
Debt-to-GDP ratio
24.3%
2024
15.5%
2024
Government debt per person
$7,213
2024
$332
2024
Government debt per person rank
66/185
2024
176/185
2024
Average annual personal income after taxes
$13,212
2026
$1,896
2026
Income share by richest 10%
34.4%
1998
31.2%
2012
Income share by poorest 10%
1.1%
1998
2.1%
2012
Government expenditure, % of GDP
23.2%
2024
5.25%
2024
Consumer prices inflation
2.5%
2023-2024
26.9%
2023-2024
Unemployment rate
13.2%
2019
14.1%
2012
Population
842249
12076663

Spending and national debt comparison by year

Guyana
Spending

Debt
Haiti
Spending

Debt
1x
Year % of GDP
Guyana Haiti
Government spending Government debt Government spending Government debt
2024 23.2% 24.3% 5.25% 15.5%
2023 23.7% 26.7% 6.46% 28.5%
2022 20.3% 24.8% 8.33% 29.5%
2021 24.8% 45.7% 9.42% 28.9%
2020 30.5% 59.5% 9.86% 22.3%
2019 28.1% 54% 9.59% 26.5%
2018 27.6% 47.9% 11.3% 24.1%
2017 26.3% 46.1% 10.2% 22.5%
2016 25.2% 44% 10.5% 24.4%
2015 21.7% 42.2% 12.7% 23.9%
2014 23.1% 38.7% 14.6% 21.4%
2013 21.4% 41.4% 15.9% 25.1%
2012 21.8% 44.7% 16.4% 24.1%
2011 23.5% 51.7% 14.1% 22.3%
2010 23.9% 53.1% 12.6% 24.9%
2009 25.4% 52.3% 11.6% 19.4%
2008 24.1% 48.2% 11.2% 33.9%
2007 25.5% 47.7% 11.1% 24.4%
2006 29% 74.5% 9.67% 32.2%
2005 28.4% 90.7% 8.75% 29.7%
2004 23.7% 91.8% 7.38% 30.4%
2003 23.5% 95.6% 7.83% 37.8%
2002 23.1% 105.1% 6.64% 32%
2001 24% 104.6% 6.11% 28.8%
2000 22.9% 97.2% 6.25% 32.5%
1999 17.6% 97.1% 6.91% 24.1%
1998 19.7% 108% 5.4% 24%
1997 20.9% 101.3% 5.46% 26.2%
1996 - - - 26.2%
1995 - - - 26.2%
1994 - - - 35.3%
1993 - - - 98%
1992 - - - 118.9%
1991 - - - 80.7%
1990 - - - 85.1%
1989 - - - 98.7%
1988 - - - 90.9%
1987 - - 32.4% 58.6%
1986 - - 15.1% 26.5%
1985 - - 17.4% 25.6%
1984 - - 16.9% 27.3%
1983 - - 21.9% 28.9%
1982 - - 20.7% 25.5%
1981 - - 17.4% 23.7%
1980 - - 17.2% 20.3%
1979 - - 13.1% 19.8%
1978 - - 18.9% 20.1%
1977 - - 16.7% 18.5%
1976 - - 13.4% 14.9%
1975 - - 12.8% 14.2%
1974 - - 9.24% 13.3%
1973 - - 9.4% 8.92%
1972 - - 11.2% 11.1%
1971 - - 11.2% 11%
1970 - - 11.4% 12.5%
1969 - - 10.1% -
1968 - - 10.3% -
1967 - - 7.52% -
1966 - - 7.2% -
1965 - - 7.91% -
1964 - - - -
1963 - - 8.95% -
1962 - - - -
1961 - - - -
1960 - - 7.34% 21.6%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1996, retrieved 2026-02-20).

GeoRank.org/economy/guyana/haiti | CC BY

In 2024, Guyana's government spending was $5.72B, accounting for 23.2% of its GDP, while Haiti spent $1.32B, or 5.25% of GDP.

Debt-to-GDP ratio is 24.3% in Guyana and 15.5% in Haiti, ranking 168/185 and 177/185, respectively.

Government deficit by year

Deficit/surplus
Guyana

Haiti
1x
Year Deficit/surplus, % of GDP
Guyana Haiti
2024 -7.31% 6.96%
2023 -5.78% 0.77%
2022 -5.11% -1.75%
2021 -6.94% -2.45%
2020 -7.78% -1.96%
2019 -2.52% -1.99%
2018 -2.52% -1.13%
2017 -3.14% -0.32%
2016 -3.21% 0.12%
2015 -0.75% -1.47%
2014 -3.88% -3.64%
2013 -2.16% -3.98%
2012 -3.11% -2.71%
2011 -2.13% -1.43%
2010 -1.88% -1.5%
2009 -2.5% -2%
2008 -2.78% -1.8%
2007 -3.35% -1.55%
2006 -6.16% -0.91%
2005 -6.54% -0.83%
2004 -2.88% -1.34%
2003 -4.81% -2.24%
2002 -2.42% -1.8%
2001 -3.71% -1.55%
2000 -2.27% -1.36%
1999 -0.47% -1.54%
1998 -2.67% 0.21%
1997 -1.7% 0.37%
1996 - -
1995 - -
1994 - -
1993 - -
1992 - -
1991 - -
1990 - -
1989 - -
1988 - -
1987 - -4.94%
1986 - -1.4%
1985 - -0.97%
1984 - -3.52%
1983 - -5.72%
1982 - -3.93%
1981 - -4.38%
1980 - -5.68%
1979 - -2.21%
1978 - -3.24%
1977 - -2.85%
1976 - -1.16%
1975 - -1.73%
1974 - 0.23%
1973 - 0.03%
1972 - 0.24%
1971 - -0.08%
1970 - -0.19%
1969 - -0.39%
1968 - -0.46%
1967 - 0%
1966 - 0%
1965 - 0%
1964 - -
1963 - 0%
1962 - -
1961 - -
1960 - 0.006%
1959 - -1.11%
1958 - -2.21%
1957 - 0.28%
1956 - -2.18%
1955 - -0.86%
1954 - -0.81%
1953 - -1.01%
1952 - -
1951 - -
1950 - -
1949 - -0.12%
1948 - 0.21%
1947 - 1.06%
1946 - 0.51%
1945 - 0.47%
1944 - -
1943 - -
1942 - -
1941 - -0.21%
1940 - 0.13%
1939 - -0.16%
1938 - 0.15%
1937 - -0.08%
1936 - -0.06%
1935 - -0.2%
1934 - -1.23%
1933 - 0%
1932 - 0.4%
1931 - -0.49%
1930 - -0.52%
1929 - -0.32%
1928 - -0.25%
1927 - 0.73%
1926 - -0.45%
1925 - 0.05%
1924 - -0.14%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1924–1987, retrieved 2026-02-20).

GeoRank.org/economy/guyana/haiti | CC BY

In 2024, Guyana's government deficit, the difference between spending and revenue, was $1.8B, equivalent to 7.31% of GDP. This compares to Haiti's surplus of $1.76B, or 6.96% of GDP.

Over the past 28 years, Guyana recorded a fiscal deficit in 28 of those years, while Haiti ran a deficit in 23 years. On average, Guyana posted an annual deficit equal to 3.59% of GDP, compared to deficit of 1.17% of GDP for Haiti.

Inflation comparison by year

Inflation
Guyana

Haiti
1x
Year Consumer prices inflation
Guyana Haiti
2024 2.5% 26.9%
2023 4.5% 36.8%
2022 6.5% 34%
2021 3.3% 16.8%
2020 1.2% 22.8%
2019 2.1% 18.7%
2018 1.3% 12.5%
2017 1.9% 10.7%
2016 0.8% 11.5%
2015 -0.9% 6.73%
2014 0.7% 3.44%
2013 1.9% 4.77%
2012 2.4% 5.02%
2011 4.4% 6.33%
2010 4.3% 4.83%
2009 3% 0.39%
2008 8.1% 15.3%
2007 12.2% 6.56%
2006 6.7% 11.3%
2005 6.9% 14%
2004 4.7% 21%
2003 6% 28.7%
2002 5.4% 7.03%
2001 2.6% 13.3%
2000 6.1% 9.33%
1999 7.5% 3%
1998 4.6% 5.27%
1997 3.6% 20.6%

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/guyana/haiti | CC BY

Over the past 28 years, Guyana has recorded an average annual inflation rate of 4.08%, compared with 13.5% in Haiti. In 2024, inflation was 2.5% in Guyana and 26.9% in Haiti.

Top exports between countries

Guyana
Export category Export value
Raw agricultural goods $4.82M
Machinery & equipment $54K
Wood & paper products $33K
Textiles & consumer goods $9K
Chemicals & pharma $2K
Haiti
Export category Export value

Balance of trade

Guyana Haiti
Current account balance
$2.35B
2023
-$145M
2024
Current account balance ranking
43/190
2023
92/190
2024
Current account balance, % of GDP
+13.9%
2023
-0.58%
2024
Goods imports
$6B
2023
$4.27B
2024
Goods exports
$13.2B
2023
$767M
2024
Service imports
$4.95B
2023
$518M
2024
Service exports
$529M
2023
$96.6M
2024
Imports of goods and services, % of GDP
109.7%
2005
18.8%
2024
Exports of goods and services, % of GDP
84.6%
2005
3.4%
2024

Economic freedom indices

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

Guyana Haiti
Economic freedom 58.7 46.1
Economic freedom ranking 109/197 178/197
Property rights 46.7 6.6
Government integrity 38.8 13
Judicial effectiveness 48.6 17.3
Tax burden 76.4 81.7
Government spending 85 98.7
Fiscal health 39.9 99.5
Business freedom 70.9 30.7
Labor freedom 76 54.7
Monetary freedom 78.5 45.1
Trade freedom 59.2 66.4
Investment freedom 55 20
Financial freedom 30 20

Economic freedom comparison by year

Guyana
Haiti
1x
Year Economic freedom index
Guyana Haiti
2026 58.7 46.1
2025 58.2 46.1
2024 57.3 48.2
2023 56.9 49.9
2022 59.5 50
2021 57.4 50.8
2020 56.2 52.3
2019 56.8 52.7
2018 58.7 55.8
2017 58.5 49.6
2016 55.4 51.3
2015 55.5 51.3
2014 55.7 48.9
2013 53.8 48.1
2012 51.3 50.7
2011 49.4 52.1
2010 48.4 50.8
2009 48.4 50.5
2008 48.8 49
2007 53.7 51.4
2006 56.6 49.2
2005 56.5 48.4
2004 53 51.2
2003 50.3 50.6
2002 54.3 47.9
2001 53.3 47.1
2000 52.4 45.7
1999 53.3 45.9
1998 52.7 45.7
1997 53.2 45.8
1996 50.1 41
1995 45.7 43

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

GeoRank.org/economy/guyana/haiti | CC BY

The Economic Freedom Index for Guyana is 58.7, ranking 109/197, compared to 46.1 for Haiti, ranking 178/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guyana Haiti
Services, % of GDP
14.5%
2024
48.3%
2024
Industry, % of GDP
76%
2024
33.4%
2024
Agriculture, forestry, and fishing, % of GDP
7.62%
2024
15.9%
2024
GNI, Atlas method
$16.7B
2024
$20.7B
2024
GNI per capita, PPP
$52,290
2024
$3,190
2024
Total reserves including gold
$1.01B
2024
$2.72B
2024
Total reserves ranking
141/177
2024
121/177
2024
Net foreign direct investment
$1.14B
2023
-$20M
2024
Net inflows of foreign direct investment
$8.63B
2024
$20M
2024
Net outflows of foreign direct investment
$5.7M
2024
$0
2024
Servicing debt to the IMF, % of GNI
3.73%
2024
2.15%
2024
Poverty at national poverty lines
35%
2020
58.5%
2012
Gross capital formation, % of GDP
32.3%
2005
9.94%
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/guyana/haiti | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1924–1996, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2021–2024, retrieved 2026-02-08)
  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.