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Economy of Guyana vs Kiribati compared: GDP & Debt

Updated on by Georank team

Guyana has a GDP of $24.7B compared to $308M for Kiribati, ranking 120/197 and 192/197 by economy size, respectively.

Guyana has $5.99B in government debt (24.3% of GDP), compared to $30.5M (9.92% of GDP) in Kiribati.

Guyana vs Kiribati GDP by year

Guyana
Kiribati
1x
Year GDP, current $
Guyana Kiribati
2024 $24,662,709,832 $307,862,564
2023 $16,918,503,597 $288,610,748
2022 $14,718,388,489 $270,040,453
2021 $8,041,362,110 $285,259,881
2020 $5,471,256,595 $220,898,020
2019 $5,173,760,192 $216,985,388
2018 $4,787,636,998 $233,514,717
2017 $4,748,174,334 $222,875,736
2016 $4,482,697,337 $206,467,819
2015 $4,279,840,194 $191,559,399
2014 $4,127,660,152 $200,287,282
2013 $4,167,800,929 $201,730,861
2012 $4,063,088,536 $207,001,546
2011 $3,691,384,318 $195,970,140
2010 $3,432,912,517 $165,458,433
2009 $3,165,663,153 $140,177,384
2008 $3,025,187,433 $147,017,895
2007 $2,730,971,595 $138,054,946
2006 $2,379,817,991 $112,338,353
2005 $824,880,550 $113,895,437
2004 $787,814,379 $104,085,892
2003 $743,063,950 $96,105,619
2002 $726,131,435 $74,743,869
2001 $712,167,450 $64,935,850
2000 $712,667,897 $74,910,527
1999 $694,754,988 $77,323,978
1998 $717,530,683 $74,905,706
1997 $749,138,010 $80,205,807
1996 $705,406,001 $81,456,854
1995 $621,626,786 $68,596,395
1994 $540,874,934 $67,055,334
1993 $454,101,382 $58,953,596
1992 $373,573,141 $61,491,369
1991 $348,533,095 $41,247,792
1990 $396,582,263 $36,534,295
1989 $379,779,390 $37,645,319
1988 $413,799,990 $38,278,810
1987 $354,591,847 $29,554,413
1986 $504,651,140 $25,993,009
1985 $453,488,372 $26,126,615
1984 $437,631,605 $34,394,167
1983 $489,333,333 $31,000,546
1982 $482,000,000 $32,742,713
1981 $570,357,107 $35,267,489
1980 $603,200,000 $33,157,723
1979 $530,440,000 $34,466,197
1978 $507,080,000 $36,563,965
1977 $449,880,000 $31,335,459
1976 $454,440,000 $33,246,817
1975 $494,791,667 $44,547,454
1974 $433,954,545 $69,256,489
1973 $307,047,619 $25,645,040
1972 $285,380,952 $15,314,346
1971 $282,050,000 $12,356,134
1970 $267,800,000 $11,560,877
1969 $249,300,000 -
1968 $229,750,000 -
1967 $250,176,471 -
1966 $228,705,882 -
1965 $213,235,294 -
1964 $194,774,513 -
1963 $175,757,894 -
1962 $194,949,513 -
1961 $185,849,535 -
1960 $170,216,241 -

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

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

GDP per capita in Guyana vs Kiribati by year

Guyana
GDP per capita

GDP per capita, PPP
Kiribati
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guyana Kiribati
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,675 $80,155 $2,289 $3,702
2023 $20,474 $54,729 $2,178 $3,486
2022 $17,913 $39,711 $2,070 $3,329
2021 $9,861 $22,866 $2,222 $3,020
2020 $6,776 $16,819 $1,752 $2,711
2019 $6,406 $13,241 $1,751 $2,763
2018 $6,048 $12,443 $1,913 $2,672
2017 $6,179 $12,243 $1,853 $2,562
2016 $5,871 $11,516 $1,743 $2,463
2015 $5,640 $11,408 $1,640 $2,311
2014 $5,473 $11,145 $1,737 $2,084
2013 $5,557 $11,200 $1,772 $2,049
2012 $5,444 $10,627 $1,844 $1,896
2011 $4,947 $10,066 $1,771 $1,786
2010 $4,582 $9,337 $1,522 $1,724
2009 $4,209 $8,824 $1,317 $1,718
2008 $4,009 $8,437 $1,411 $1,735
2007 $3,608 $8,110 $1,353 $1,792
2006 $3,136 $7,346 $1,123 $1,728
2005 $1,084 $6,761 $1,162 $1,617
2004 $1,033 $6,673 $1,083 $1,579
2003 $974 $6,392 $1,021 $1,578
2002 $951 $6,304 $810 $1,605
2001 $932 $6,131 $719 $1,591
2000 $932 $5,860 $845 $1,638
1999 $909 $5,812 $887 $1,526
1998 $940 $5,573 $874 $1,593
1997 $983 $5,615 $953 $1,535
1996 $928 $5,210 $986 $1,519
1995 $820 $4,753 $844 $1,518
1994 $716 $4,447 $838 $1,469
1993 $603 $4,027 $748 $1,431
1992 $498 $3,651 $792 $1,421
1991 $466 $3,322 $540 $1,139
1990 $529 $3,022 $488 $1,192
1989 $503 - $515 -
1988 $545 - $536 -
1987 $464 - $424 -
1986 $657 - $382 -
1985 $588 - $393 -
1984 $565 - $527 -
1983 $631 - $483 -
1982 $621 - $519 -
1981 $735 - $568 -
1980 $779 - $542 -
1979 $689 - $573 -
1978 $663 - $611 -
1977 $593 - $520 -
1976 $604 - $548 -
1975 $664 - $730 -
1974 $588 - $1,131 -
1973 $421 - $422 -
1972 $395 - $256.2 -
1971 $396 - $210.7 -
1970 $381 - $201 -
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/kiribati | CC BY

Guyana's GDP per capita is $29,675, ranking 41/197, compared to $2,289 in Kiribati, ranking 152/197. Adjusted for purchasing power (GDP per capita PPP), Guyana ranks 15th at $80,155, while Kiribati ranks 169th at $3,702.

Economic indicators

Guyana Kiribati
Gross domestic product
$24.7B
2024
$308M
2024
GDP rank
120/197
2024
192/197
2024
GDP growth
43.8%
2023-2024
5.27%
2023-2024
GDP per capita
$29,675
2024
$2,289
2024
GDP per capita rank
41/197
2024
152/197
2024
GDP per capita, PPP
$80,155
2024
$3,702
2024
GDP per capita PPP rank
15/197
2024
169/197
2024
Government debt
$5.99B
2024
$30.5M
2024
Debt-to-GDP ratio
24.3%
2024
9.92%
2024
Government debt per person
$7,213
2024
$226.9
2024
Government debt per person rank
66/185
2024
181/185
2024
Average annual personal income after taxes
$13,212
2026
$1,967
2026
Income share by richest 10%
34.4%
1998
22.8%
2019
Income share by poorest 10%
1.1%
1998
4%
2019
Government expenditure, % of GDP
23.2%
2024
98.1%
2024
Consumer prices inflation
2.5%
2023-2024
2.5%
2023-2024
Unemployment rate
13.2%
2019
2.79%
2023
Population
842249
139020

Spending and national debt comparison by year

Guyana
Spending

Debt
Kiribati
Spending

Debt
1x
Year % of GDP
Guyana Kiribati
Government spending Government debt Government spending Government debt
2024 23.2% 24.3% 98.1% 9.92%
2023 23.7% 26.7% 95.3% 11.4%
2022 20.3% 24.8% 87.5% 16.3%
2021 24.8% 45.7% 84% 17.3%
2020 30.5% 59.5% 102.2% 21%
2019 28.1% 54% 108.3% 19%
2018 27.6% 47.9% 108.8% 19%
2017 26.3% 46.1% 92.1% 20.2%
2016 25.2% 44% 99% 21.2%
2015 21.7% 42.2% 90.9% 18.8%
2014 23.1% 38.7% 101.2% 8.97%
2013 21.4% 41.4% 78% 8.86%
2012 21.8% 44.7% 83.9% 8.13%
2011 23.5% 51.7% 80.9% 8.8%
2010 23.9% 53.1% 75.7% 9.43%
2009 25.4% 52.3% 74.7% 10.3%
2008 24.1% 48.2% 79.4% 13.9%
2007 25.5% 47.7% 77.3% 11.1%
2006 29% 74.5% 82.1% 12.9%
2005 28.4% 90.7% 95.6% 12.1%
2004 23.7% 91.8% 103.8% 13.6%
2003 23.5% 95.6% 84.4% 12.3%
2002 23.1% 105.1% 96.9% 13.3%
2001 24% 104.6% 101.3% 17%
2000 22.9% 97.2% 66% 12.7%
1999 17.6% 97.1% 77.6% 11.8%
1998 19.7% 108% 74.7% 9.81%
1997 20.9% 101.3% 70.9% 10.7%
1996 - - 68.4% 11%
1995 - - 69.6% 12.3%
1994 - - 54.6% 12.3%
1993 - - 55.3% 10.9%
1992 - - 65.9% 7.31%
1991 - - 82.1% 8.43%
1990 - - 105.5% 7.72%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Guyana's government spending was $5.72B, accounting for 23.2% of its GDP, while Kiribati spent $302M, or 98.1% of GDP.

Debt-to-GDP ratio is 24.3% in Guyana and 9.92% in Kiribati, ranking 168/185 and 180/185, respectively.

Government deficit by year

Deficit/surplus
Guyana

Kiribati
1x
Year Deficit/surplus, % of GDP
Guyana Kiribati
2024 -7.31% -22%
2023 -5.78% 0.13%
2022 -5.11% -18.3%
2021 -6.94% -10.8%
2020 -7.78% 3.57%
2019 -2.52% 10.8%
2018 -2.52% 5.18%
2017 -3.14% 34.1%
2016 -3.21% 20.1%
2015 -0.75% 42.5%
2014 -3.88% 35%
2013 -2.16% 11.8%
2012 -3.11% -5.43%
2011 -2.13% -17.6%
2010 -1.88% -7.8%
2009 -2.5% -8.56%
2008 -2.78% -15.8%
2007 -3.35% -12.5%
2006 -6.16% -12.3%
2005 -6.54% -9.96%
2004 -2.88% -19.2%
2003 -4.81% -8.93%
2002 -2.42% 3.13%
2001 -3.71% -10.9%
2000 -2.27% -0.03%
1999 -0.47% -1.81%
1998 -2.67% 14.6%
1997 -1.7% 5.92%
1996 - -20.2%
1995 - -5.14%
1994 - 0.74%
1993 - 6.27%
1992 - 0.79%
1991 - 3.87%
1990 - -4.62%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/guyana/kiribati | 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 Kiribati's deficit of $67.7M, or 22% of GDP.

Over the past 28 years, Guyana recorded a fiscal deficit in 28 of those years, while Kiribati ran a deficit in 16 years. On average, Guyana posted an annual deficit equal to 3.59% of GDP, compared to surplus of 0.18% of GDP for Kiribati.

Inflation comparison by year

Inflation
Guyana

Kiribati
1x
Year Consumer prices inflation
Guyana Kiribati
2024 2.5% 2.5%
2023 4.5% 9.3%
2022 6.5% 5.3%
2021 3.3% 2.1%
2020 1.2% 2.6%
2019 2.1% -1.8%
2018 1.3% 0.6%
2017 1.9% 0.4%
2016 0.8% 1.9%
2015 -0.9% 0.6%
2014 0.7% 2.1%
2013 1.9% -1.5%
2012 2.4% -3%
2011 4.4% 1.5%
2010 4.3% -3.9%
2009 3% 9.8%
2008 8.1% 13.7%
2007 12.2% 3.6%
2006 6.7% -1%
2005 6.9% -0.4%
2004 4.7% -0.7%
2003 6% 1.6%
2002 5.4% 3.2%
2001 2.6% 6%
2000 6.1% 0.4%
1999 7.5% 1.8%
1998 4.6% 3.7%
1997 3.6% 2.6%

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

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

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

Balance of trade

Guyana Kiribati
Current account balance
$2.35B
2023
-$59.5M
2024
Current account balance ranking
43/190
2023
85/190
2024
Current account balance, % of GDP
+13.9%
2023
-19.3%
2024
Goods imports
$6B
2023
$227M
2024
Goods exports
$13.2B
2023
$8.49M
2024
Service imports
$4.95B
2023
$108M
2024
Service exports
$529M
2023
$7M
2024
Imports of goods and services, % of GDP
109.7%
2005
94.9%
2024
Exports of goods and services, % of GDP
84.6%
2005
6.27%
2024

Economic freedom indices

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

Guyana Kiribati
Economic freedom 58.7 50.8
Economic freedom ranking 109/197 158/197
Property rights 46.7 69.6
Government integrity 38.8 50.5
Judicial effectiveness 48.6 54.6
Tax burden 76.4 72.6
Government spending 85 0
Fiscal health 39.9 19.8
Business freedom 70.9 60.2
Labor freedom 76 65.3
Monetary freedom 78.5 76.7
Trade freedom 59.2 80
Investment freedom 55 30
Financial freedom 30 30

Economic freedom comparison by year

Guyana
Kiribati
1x
Year Economic freedom index
Guyana Kiribati
2026 58.7 50.8
2025 58.2 50.9
2024 57.3 51.3
2023 56.9 58.8
2022 59.5 59.2
2021 57.4 44.4
2020 56.2 45.2
2019 56.8 47.3
2018 58.7 50.8
2017 58.5 50.9
2016 55.4 46.2
2015 55.5 46.4
2014 55.7 46.3
2013 53.8 45.9
2012 51.3 46.9
2011 49.4 44.8
2010 48.4 43.7
2009 48.4 45.7
2008 48.8 -
2007 53.7 -
2006 56.6 -
2005 56.5 -
2004 53 -
2003 50.3 -
2002 54.3 -
2001 53.3 -
2000 52.4 -
1999 53.3 -
1998 52.7 -
1997 53.2 -
1996 50.1 -
1995 45.7 -

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

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

The Economic Freedom Index for Guyana is 58.7, ranking 109/197, compared to 50.8 for Kiribati, ranking 158/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guyana Kiribati
Services, % of GDP
14.5%
2024
67.1%
2023
Industry, % of GDP
76%
2024
11.5%
2023
Agriculture, forestry, and fishing, % of GDP
7.62%
2024
27.2%
2023
GNI, Atlas method
$16.7B
2024
$493M
2024
GNI per capita, PPP
$52,290
2024
$6,060
2024
Total reserves including gold
$1.01B
2024
n/a
Total reserves ranking
141/177
2024
n/a
Net foreign direct investment
$1.14B
2023
-$8.06M
2024
Net inflows of foreign direct investment
$8.63B
2024
$8.07M
2024
Net outflows of foreign direct investment
$5.7M
2024
$16.4K
2024
Servicing debt to the IMF, % of GNI
3.73%
2024
n/a
Poverty at national poverty lines
35%
2020
5.5%
2023
Gross capital formation, % of GDP
32.3%
2005
25.8%
2023

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/kiribati | 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 (1990–2024, 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. LivingCost (2026, retrieved 2025-10-14)
  7. 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.