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Economy of Guyana vs Israel compared: GDP & Debt

Updated on by Georank team

Guyana has a GDP of $24.7B compared to $540B for Israel, ranking 120/197 and 29/197 by economy size, respectively.

Guyana has $5.99B in government debt (24.3% of GDP), compared to $366B (67.6% of GDP) in Israel.

Guyana vs Israel GDP by year

Guyana
Israel
1x
Year GDP, current $
Guyana Israel
2024 $24,662,709,832 $540,379,921,262
2023 $16,918,503,597 $512,184,638,999
2022 $14,718,388,489 $525,181,008,026
2021 $8,041,362,110 $489,851,549,972
2020 $5,471,256,595 $410,768,352,658
2019 $5,173,760,192 $400,645,216,359
2018 $4,787,636,998 $376,299,083,108
2017 $4,748,174,334 $358,451,839,053
2016 $4,482,697,337 $321,940,971,558
2015 $4,279,840,194 $303,469,434,072
2014 $4,127,660,152 $315,017,088,117
2013 $4,167,800,929 $298,478,070,673
2012 $4,063,088,536 $263,589,172,712
2011 $3,691,384,318 $268,094,998,225
2010 $3,432,912,517 $239,679,036,634
2009 $3,165,663,153 $213,403,181,853
2008 $3,025,187,433 $221,231,658,863
2007 $2,730,971,595 $184,681,214,673
2006 $2,379,817,991 $158,900,547,825
2005 $824,880,550 $147,519,922,009
2004 $787,814,379 $140,047,984,605
2003 $743,063,950 $131,408,914,824
2002 $726,131,435 $125,332,331,884
2001 $712,167,450 $135,002,039,613
2000 $712,667,897 $136,512,300,542
1999 $694,754,988 $121,417,185,062
1998 $717,530,683 $120,547,409,279
1997 $749,138,010 $119,459,826,347
1996 $705,406,001 $115,116,595,545
1995 $621,626,786 $105,497,418,059
1994 $540,874,934 $90,740,103,829
1993 $454,101,382 $79,855,877,174
1992 $373,573,141 $79,457,685,757
1991 $348,533,095 $70,998,755,007
1990 $396,582,263 $62,016,729,541
1989 $379,779,390 $52,443,479,454
1988 $413,799,990 $52,650,948,910
1987 $354,591,847 $43,049,543,635
1986 $504,651,140 $35,834,154,874
1985 $453,488,372 $28,905,736,367
1984 $437,631,605 $30,645,607,293
1983 $489,333,333 $32,675,755,462
1982 $482,000,000 $29,255,285,401
1981 $570,357,107 $26,882,009,819
1980 $603,200,000 $25,395,256,478
1979 $530,440,000 $22,609,741,060
1978 $507,080,000 $17,701,286,907
1977 $449,880,000 $18,257,113,904
1976 $454,440,000 $15,956,349,550
1975 $494,791,667 $16,141,767,373
1974 $433,954,545 $17,172,607,138
1973 $307,047,619 $11,902,574,259
1972 $285,380,952 $9,222,557,539
1971 $282,050,000 $7,052,544,000
1970 $267,800,000 $7,406,712,876
1969 $249,300,000 $6,297,852,761
1968 $229,750,000 $5,458,427,928
1967 $250,176,471 $4,762,386,783
1966 $228,705,882 $4,703,300,098
1965 $213,235,294 $4,329,084,429
1964 $194,774,513 $4,024,344,853
1963 $175,757,894 $3,535,949,089
1962 $194,949,513 $2,966,154,031
1961 $185,849,535 $3,708,586,471
1960 $170,216,241 $3,070,585,807

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

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

GDP per capita in Guyana vs Israel by year

Guyana
GDP per capita

GDP per capita, PPP
Israel
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guyana Israel
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,675 $80,155 $54,177 $57,236
2023 $20,474 $54,729 $52,004 $55,171
2022 $17,913 $39,711 $54,950 $53,619
2021 $9,861 $22,866 $52,271 $46,162
2020 $6,776 $16,819 $44,576 $40,955
2019 $6,406 $13,241 $44,251 $41,325
2018 $6,048 $12,443 $42,363 $40,190
2017 $6,179 $12,243 $41,138 $39,471
2016 $5,871 $11,516 $37,672 $38,189
2015 $5,640 $11,408 $36,213 $35,871
2014 $5,473 $11,145 $38,343 $34,816
2013 $5,557 $11,200 $37,034 $34,827
2012 $5,444 $10,627 $33,321 $32,484
2011 $4,947 $10,066 $34,523 $31,314
2010 $4,582 $9,337 $31,439 $29,456
2009 $4,209 $8,824 $28,508 $28,087
2008 $4,009 $8,437 $30,269 $28,084
2007 $3,608 $8,110 $25,721 $28,307
2006 $3,136 $7,346 $22,527 $26,385
2005 $1,084 $6,761 $21,287 $25,701
2004 $1,033 $6,673 $20,568 $26,078
2003 $974 $6,392 $19,643 $24,702
2002 $951 $6,304 $19,076 $26,101
2001 $932 $6,131 $20,966 $25,806
2000 $932 $5,860 $21,707 $25,766
1999 $909 $5,812 $19,823 $23,415
1998 $940 $5,573 $20,189 $22,927
1997 $983 $5,615 $20,469 $22,279
1996 $928 $5,210 $20,224 $21,672
1995 $820 $4,753 $19,026 $20,642
1994 $716 $4,447 $16,807 $19,478
1993 $603 $4,027 $15,179 $18,218
1992 $498 $3,651 $15,510 $17,553
1991 $466 $3,322 $14,346 $16,486
1990 $529 $3,022 $13,308 $15,721
1989 $503 - $11,608 -
1988 $545 - $11,853 -
1987 $464 - $9,853 -
1986 $657 - $8,335 -
1985 $588 - $6,829 -
1984 $565 - $7,369 -
1983 $631 - $7,960 -
1982 $621 - $7,258 -
1981 $735 - $6,795 -
1980 $779 - $6,549 -
1979 $689 - $5,972 -
1978 $663 - $4,797 -
1977 $593 - $5,053 -
1976 $604 - $4,516 -
1975 $664 - $4,672 -
1974 $588 - $5,085 -
1973 $421 - $3,631 -
1972 $395 - $2,930 -
1971 $396 - $2,298 -
1970 $381 - $2,490 -
1969 $361 - $2,189 -
1968 $340 - $1,947 -
1967 $378 - $1,735 -
1966 $353 - $1,789 -
1965 $336 - $1,689 -
1964 $313 - $1,626 -
1963 $288.8 - $1,486 -
1962 $327 - $1,294 -
1961 $319 - $1,697 -
1960 $299.1 - $1,452 -

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

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

Guyana's GDP per capita is $29,675, ranking 41/197, compared to $54,177 in Israel, ranking 21/197. Adjusted for purchasing power (GDP per capita PPP), Guyana ranks 15th at $80,155, while Israel ranks 36th at $57,236.

Economic indicators

Guyana Israel
Gross domestic product
$24.7B
2024
$540B
2024
GDP rank
120/197
2024
29/197
2024
GDP growth
43.8%
2023-2024
0.87%
2023-2024
GDP per capita
$29,675
2024
$54,177
2024
GDP per capita rank
41/197
2024
21/197
2024
GDP per capita, PPP
$80,155
2024
$57,236
2024
GDP per capita PPP rank
15/197
2024
36/197
2024
Government debt
$5.99B
2024
$366B
2024
Debt-to-GDP ratio
24.3%
2024
67.6%
2024
Government debt per person
$7,213
2024
$36,645
2024
Government debt per person rank
66/185
2024
18/185
2024
Average annual personal income after taxes
$13,212
2026
$43,003
2026
Market capitalization of domestic companies n/a
$331B
2024
Number of millionaires n/a
179,905
2025
Number of billionaires n/a
41
2025
Income share by richest 10%
34.4%
1998
26.6%
2021
Income share by poorest 10%
1.1%
1998
2%
2021
Government expenditure, % of GDP
23.2%
2024
43.8%
2024
Consumer prices inflation
2.5%
2023-2024
3.07%
2023-2024
Central bank interest rate n/a
4.5%
2024
Unemployment rate
13.2%
2019
2.9%
2024
Population
842249
10290887

Spending and national debt comparison by year

Guyana
Spending

Debt
Israel
Spending

Debt
1x
Year % of GDP
Guyana Israel
Government spending Government debt Government spending Government debt
2024 23.2% 24.3% 43.8% 67.6%
2023 23.7% 26.7% 39.3% 61.3%
2022 20.3% 24.8% 36.9% 60.3%
2021 24.8% 45.7% 40% 67.7%
2020 30.5% 59.5% 44.8% 71.1%
2019 28.1% 54% 38.7% 59.3%
2018 27.6% 47.9% 39.2% 60.1%
2017 26.3% 46.1% 38.3% 59.8%
2016 25.2% 44% 37.9% 61.7%
2015 21.7% 42.2% 37.6% 62.8%
2014 23.1% 38.7% 38.3% 64.9%
2013 21.4% 41.4% 39.7% 66%
2012 21.8% 44.7% 39.6% 66.9%
2011 23.5% 51.7% 39.3% 67.2%
2010 23.9% 53.1% 39.7% 69%
2009 25.4% 52.3% 41.4% 72.6%
2008 24.1% 48.2% 41.2% 70.2%
2007 25.5% 47.7% 40.2% 70.8%
2006 29% 74.5% 41.6% 77.7%
2005 28.4% 90.7% 42.3% 85.2%
2004 23.7% 91.8% 43% 88.3%
2003 23.5% 95.6% 45.4% 89.7%
2002 23.1% 105.1% 50% 87.2%
2001 24% 104.6% 46.1% 81.1%
2000 22.9% 97.2% 43.4% 77.2%
1999 17.6% 97.1% 53.6% 94.8%
1998 19.7% 108% 55% 101%
1997 20.9% 101.3% 52.6% 99.3%
1996 - - 53.2% 100.3%
1995 - - 52.8% 102.3%
1994 - - 41.7% 110.2%
1993 - - 42.2% 118.3%
1992 - - 44.1% 119.6%
1991 - - 34.4% 123.7%
1990 - - 46.8% 138.3%
1989 - - 47.5% 147.4%
1988 - - 46.5% 145.4%
1987 - - 52.8% 143.2%
1986 - - 55.7% 162.5%
1985 - - 65.2% 199%
1984 - - - 284%
1983 - - - 260.5%
1982 - - 69.7% -
1981 - - 71.8% -
1980 - - 69.4% 154.3%
1979 - - 70.1% 155.5%
1978 - - 62.2% 133.6%
1977 - - 69.1% 142%
1976 - - 66.3% 97.4%
1975 - - 62% 85.1%
1974 - - - 79.8%
1973 - - - 62.1%
1972 - - - 63.9%
1971 - - - -
1970 - - 41.6% -
1969 - - 41.1% -
1968 - - 39.4% -
1967 - - 33.9% -
1966 - - 29.6% -
1965 - - 27.8% -
1964 - - 28.2% -
1963 - - 26.9% -
1962 - - 27.7% -
1961 - - 30.3% -
1960 - - 30.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Guyana's government spending was $5.72B, accounting for 23.2% of its GDP, while Israel spent $237B, or 43.8% of GDP.

Debt-to-GDP ratio is 24.3% in Guyana and 67.6% in Israel, ranking 168/185 and 62/185, respectively.

Government deficit by year

Deficit/surplus
Guyana

Israel
1x
Year Deficit/surplus, % of GDP
Guyana Israel
2024 -7.31% -8.26%
2023 -5.78% -5.06%
2022 -5.11% 0.32%
2021 -6.94% -3.37%
2020 -7.78% -10.7%
2019 -2.52% -3.79%
2018 -2.52% -3.56%
2017 -3.14% -1.13%
2016 -3.21% -1.79%
2015 -0.75% -1.21%
2014 -3.88% -2.29%
2013 -2.16% -4.06%
2012 -3.11% -4.46%
2011 -2.13% -3.43%
2010 -1.88% -3.72%
2009 -2.5% -6.53%
2008 -2.78% -3.5%
2007 -3.35% -0.43%
2006 -6.16% -0.95%
2005 -6.54% -2.74%
2004 -2.88% -3.4%
2003 -4.81% -5.03%
2002 -2.42% -8.22%
2001 -3.71% -4.06%
2000 -2.27% -0.8%
1999 -0.47% -6.26%
1998 -2.67% -7.99%
1997 -1.7% -4.84%
1996 - -5.97%
1995 - -4.28%
1994 - -5.62%
1993 - -5.62%
1992 - -8%
1991 - -7.04%
1990 - -9.67%
1989 - -9.03%
1988 - -7.57%
1987 - -7.47%
1986 - -7.51%
1985 - -14.2%
1984 - -
1983 - -
1982 - -13.8%
1981 - -23.5%
1980 - -19.6%
1979 - -16.7%
1978 - -14.7%
1977 - -20.3%
1976 - -19.4%
1975 - -19.6%
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -16%
1969 - -15.3%
1968 - -11.7%
1967 - -7.68%
1966 - -4.35%
1965 - -2.72%
1964 - -3.65%
1963 - -4.41%
1962 - -4.09%
1961 - -5.86%
1960 - -6.62%
1959 - -7.23%
1958 - -8.31%
1957 - -7.17%
1956 - -9.3%
1955 - -4.3%
1954 - -7.84%
1953 - -8.32%
1952 - -7.19%
1951 - -8.13%
1950 - -10.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-02-20).

GeoRank.org/economy/guyana/israel | 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 Israel's deficit of $44.6B, or 8.26% of GDP.

Over the past 28 years, Guyana recorded a fiscal deficit in 28 of those years, while Israel ran a deficit in 27 years. On average, Guyana posted an annual deficit equal to 3.59% of GDP, compared to deficit of 3.97% of GDP for Israel.

Inflation comparison by year

Inflation
Guyana

Israel
1x
Year Consumer prices inflation
Guyana Israel
2024 2.5% 3.07%
2023 4.5% 4.23%
2022 6.5% 4.41%
2021 3.3% 1.48%
2020 1.2% -0.58%
2019 2.1% 0.82%
2018 1.3% 0.81%
2017 1.9% 0.25%
2016 0.8% -0.54%
2015 -0.9% -0.62%
2014 0.7% 0.47%
2013 1.9% 1.59%
2012 2.4% 1.68%
2011 4.4% 3.49%
2010 4.3% 2.7%
2009 3% 3.37%
2008 8.1% 4.53%
2007 12.2% 0.47%
2006 6.7% 2.05%
2005 6.9% 1.34%
2004 4.7% -0.42%
2003 6% 0.71%
2002 5.4% 5.8%
2001 2.6% 1.12%
2000 6.1% 1.03%
1999 7.5% 5.19%
1998 4.6% 5.49%
1997 3.6% 8.95%

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/israel | CC BY

Over the past 28 years, Guyana has recorded an average annual inflation rate of 4.08%, compared with 2.25% in Israel. In 2024, inflation was 2.5% in Guyana and 3.07% in Israel.

Top exports between countries

Guyana
Export category Export value
Metals $3K
Israel
Export category Export value
Raw materials & minerals $2.87M
Machinery & equipment $1.03M
Chemicals & pharma $124K
Textiles & consumer goods $33K
Raw agricultural goods $25K
Wood & paper products $11K
Metals $1K

Balance of trade

Guyana Israel
Current account balance
$2.35B
2023
$15.5B
2024
Current account balance ranking
43/190
2023
21/190
2024
Current account balance, % of GDP
+13.9%
2023
+2.86%
2024
Goods imports
$6B
2023
$96.3B
2024
Goods exports
$13.2B
2023
$70B
2024
Service imports
$4.95B
2023
$44.4B
2024
Service exports
$529M
2023
$83.7B
2024
Imports of goods and services, % of GDP
109.7%
2005
26%
2024
Exports of goods and services, % of GDP
84.6%
2005
28.4%
2024

Economic freedom indices

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

Guyana Israel
Economic freedom 58.7 68.4
Economic freedom ranking 109/197 47/197
Property rights 46.7 73.1
Government integrity 38.8 66.2
Judicial effectiveness 48.6 68.1
Tax burden 76.4 60.2
Government spending 85 52
Fiscal health 39.9 60.8
Business freedom 70.9 72.4
Labor freedom 76 56.8
Monetary freedom 78.5 78.2
Trade freedom 59.2 82.8
Investment freedom 55 70
Financial freedom 30 80

Economic freedom comparison by year

Guyana
Israel
1x
Year Economic freedom index
Guyana Israel
2026 58.7 68.4
2025 58.2 69.9
2024 57.3 70.1
2023 56.9 68.9
2022 59.5 68
2021 57.4 73.8
2020 56.2 74
2019 56.8 72.8
2018 58.7 72.2
2017 58.5 69.7
2016 55.4 70.7
2015 55.5 70.5
2014 55.7 68.4
2013 53.8 66.9
2012 51.3 67.8
2011 49.4 68.5
2010 48.4 67.7
2009 48.4 67.6
2008 48.8 66.3
2007 53.7 64.8
2006 56.6 64.4
2005 56.5 62.6
2004 53 61.4
2003 50.3 62.7
2002 54.3 66.9
2001 53.3 66.1
2000 52.4 65.5
1999 53.3 68.3
1998 52.7 68
1997 53.2 62.7
1996 50.1 62
1995 45.7 61.5

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

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

The Economic Freedom Index for Guyana is 58.7, ranking 109/197, compared to 68.4 for Israel, ranking 47/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guyana Israel
Services, % of GDP
14.5%
2024
72.5%
2024
Industry, % of GDP
76%
2024
17.3%
2024
Agriculture, forestry, and fishing, % of GDP
7.62%
2024
1.28%
2024
GNI, Atlas method
$16.7B
2024
$528B
2024
GNI per capita, PPP
$52,290
2024
$56,790
2024
Total reserves including gold
$1.01B
2024
$215B
2024
Total reserves ranking
141/177
2024
18/177
2024
Net foreign direct investment
$1.14B
2023
-$4.86B
2024
Net inflows of foreign direct investment
$8.63B
2024
$14.8B
2024
Net outflows of foreign direct investment
$5.7M
2024
$9.92B
2024
Servicing debt to the IMF, % of GNI
3.73%
2024
n/a
Poverty at national poverty lines
35%
2020
22%
2020
Gross capital formation, % of GDP
32.3%
2005
23.4%
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/guyana/israel | 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 (1997–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, 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 (2020–2024, retrieved 2026-02-08)
  7. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)
  8. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  9. 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.