Guyana vs Jamaica: Economic Indicators Comparison

Jamaica with a GDP of $15.7B ranked the 122nd largest economy in the world, while Guyana ranked 162nd with $3.9B. By GDP 5-years average growth and GDP per capita, Jamaica and Guyana ranked 153rd vs 82nd and 106th vs 108th, respectively.

Gross Domestic Product & Income

StatGuyanaJamaica
GDP$3.9B$15.7B
GDP growth, 1 year3.4%1.4%
GDP growth, 5-years average3.2%1%
Population778k2.9M
GDP per capita$5k$5.4k
GDP per capita growth3.59%1.45%
Purchasing Power Parity conversion factor119.6973.98
Price level ratio of PPP conversion factor GDP to market exchange rate0.580.57
GDP per capita, PPP adjusted$8.5k$9.4k
GNI, Atlas method$3.7B$14.6B
GNI per capita$4.8k$5k
GNI, PPP adjusted$6.6B$26.1B
GNI per capita, PPP adjusted$8.4k$8.9k

Financial system and Human development

StatGuyanaJamaica
Income Tax Rate33.3%25%
Corporate Tax Rate40%25%
Inflation, consumer prices1.3%3.7%
Inflation, GDP deflator5.4%4.8%
Unemployment12.2%9.5%
Economic Freedom Index56.268.5
Personal Freedom Index6.927.29
Human Freedom Index6.687.16
Property Rights Index53.662.1
Judical Effectiveness Index42.650.5
Business Freedom Index58.977.7
Fiscal Health Index58.680.2
Labor Freedom Index62.174
Investment Freedom Index5580
Financial Freedom Index3050
Trade Freedom Index66.868.4
Monetary Freedom Index82.577.7
Government Spending Index64.474.8
Tax Burden Index6680
Government Integrity Index34.146.8
Corruption Perceptions Index3744
Life expectancy at birth, years69.674.3
Suicide mortality rate, per 100,000 people29.22.2
Mortality caused by road traffic injury, per 100,000 people24.613.6
Intentional homicides, per 100,000 people14.857
International tourism, number of arrivals287k2.5M

Government debt & reserves

StatGuyanaJamaica
Central government debt, % of GDP57%99.4%
External debt stocks, % of GNI44.6%108%
External debt stocks$1.6B$16.3B
Short-term debt, % of total reserves24.1%56.4%
Total debt service, % of exports and primary income5%20.4%
Adjusted net savings including particulate emission damage, % of GNI14.1%15.9%
Gross savings, % of GDP35.3%21.3%
Gross capital formation, % of GDP37.5%23.3%
Total reserves including gold$518.5M$3.5B
Foreign direct investment net inflows$1.2B$774.6M

Exports, imports and economic structure

StatGuyanaJamaica
Exports of goods and services, % of GDP35.5%38%
Imports of goods and services, % of GDP47.1%51.1%
Current account balance (balance of payments)-$1.1B-$287.6M
Revenue excluding grants, % of GDPN/A29.3%
Grants excluding technical cooperation, BoP$43.5M$96.8M
Personal remittances received$333.7M$2.5B
Industry including construction value added, % of GDP35.2%20.3%
Agriculture, forestry and fishing value added, % of GDP12.7%6.6%
Charges for the use of intellectual property, payments BoP$5.3M$50.8M
Charges for the use of intellectual property, receipts BoP$169k$5.3M
Expense, % of GDPN/A26.7%
Government Expenditure, % of GDP34.5%29%

Compare with countries close by GDP per capita

Guyana vs

CountryGDP
per capita
Population
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Albania
$5.3k
3.02M
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k

Jamaica vs

CountryGDP
per capita
Population
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Albania
$5.3k
3.02M
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M