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Economy of Guyana vs Luxembourg compared: GDP & Debt

Updated on by Georank team

Guyana has a GDP of $24.7B compared to $93.3B for Luxembourg, ranking 120/197 and 74/197 by economy size, respectively.

Guyana has $5.99B in government debt (24.3% of GDP), compared to $24.5B (26.3% of GDP) in Luxembourg.

Guyana vs Luxembourg GDP by year

Guyana
Luxembourg
1x
Year GDP, current $
Guyana Luxembourg
2024 $24,662,709,832 $93,279,851,863
2023 $16,918,503,597 $88,788,881,539
2022 $14,718,388,489 $80,801,680,397
2021 $8,041,362,110 $86,386,759,695
2020 $5,471,256,595 $73,670,782,100
2019 $5,173,760,192 $69,872,035,114
2018 $4,787,636,998 $71,085,623,495
2017 $4,748,174,334 $65,712,180,343
2016 $4,482,697,337 $62,216,885,436
2015 $4,279,840,194 $60,071,584,216
2014 $4,127,660,152 $68,804,811,898
2013 $4,167,800,929 $65,203,276,467
2012 $4,063,088,536 $59,776,383,527
2011 $3,691,384,318 $61,696,281,326
2010 $3,432,912,517 $56,213,985,987
2009 $3,165,663,153 $54,467,289,898
2008 $3,025,187,433 $58,844,277,702
2007 $2,730,971,595 $51,587,401,416
2006 $2,379,817,991 $42,910,146,296
2005 $824,880,550 $37,672,280,120
2004 $787,814,379 $35,064,843,793
2003 $743,063,950 $29,667,268,248
2002 $726,131,435 $23,649,833,332
2001 $712,167,450 $21,387,533,703
2000 $712,667,897 $21,230,182,989
1999 $694,754,988 $21,899,317,599
1998 $717,530,683 $20,150,053,345
1997 $749,138,010 $19,563,836,265
1996 $705,406,001 $20,895,314,658
1995 $621,626,786 $20,853,093,870
1994 $540,874,934 $17,701,798,891
1993 $454,101,382 $15,925,521,222
1992 $373,573,141 $15,518,702,635
1991 $348,533,095 $13,834,219,728
1990 $396,582,263 $12,778,792,854
1989 $379,779,390 $10,037,674,038
1988 $413,799,990 $9,418,167,855
1987 $354,591,847 $8,320,902,215
1986 $504,651,140 $6,685,595,088
1985 $453,488,372 $4,577,211,767
1984 $437,631,605 $4,438,435,493
1983 $489,333,333 $4,524,217,751
1982 $482,000,000 $4,602,316,793
1981 $570,357,107 $5,053,665,797
1980 $603,200,000 $6,019,805,490
1979 $530,440,000 $5,516,982,664
1978 $507,080,000 $4,718,539,772
1977 $449,880,000 $3,789,321,328
1976 $454,440,000 $3,423,586,207
1975 $494,791,667 $3,123,333,333
1974 $433,954,545 $3,183,637,117
1973 $307,047,619 $2,609,875,802
1972 $285,380,952 $1,901,697,370
1971 $282,050,000 $1,518,773,421
1970 $267,800,000 $1,457,768,455
1969 $249,300,000 $1,245,432,991
1968 $229,750,000 $1,075,561,623
1967 $250,176,471 $983,052,315
1966 $228,705,882 $976,717,015
1965 $213,235,294 $929,477,285
1964 $194,774,513 $910,877,686
1963 $175,757,894 $797,902,154
1962 $194,949,513 $747,846,862
1961 $185,849,535 $710,163,719
1960 $170,216,241 $709,941,874

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

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

GDP per capita in Guyana vs Luxembourg by year

Guyana
GDP per capita

GDP per capita, PPP
Luxembourg
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guyana Luxembourg
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,675 $80,155 $137,782 $155,941
2023 $20,474 $54,729 $133,231 $150,508
2022 $17,913 $39,711 $123,720 $146,919
2021 $9,861 $22,866 $134,966 $136,772
2020 $6,776 $16,819 $116,860 $122,067
2019 $6,406 $13,241 $112,697 $121,372
2018 $6,048 $12,443 $116,927 $116,638
2017 $6,179 $12,243 $110,193 $114,986
2016 $5,871 $11,516 $106,899 $113,365
2015 $5,640 $11,408 $105,462 $107,860
2014 $5,473 $11,145 $123,679 $105,296
2013 $5,557 $11,200 $120,000 $100,925
2012 $5,444 $10,627 $112,585 $96,636
2011 $4,947 $10,066 $119,025 $94,475
2010 $4,582 $9,337 $110,886 $90,336
2009 $4,209 $8,824 $109,420 $86,919
2008 $4,009 $8,437 $120,422 $90,971
2007 $3,608 $8,110 $107,475 $85,126
2006 $3,136 $7,346 $90,789 $78,861
2005 $1,084 $6,761 $80,988 $68,788
2004 $1,033 $6,673 $76,545 $64,686
2003 $974 $6,392 $65,689 $60,192
2002 $951 $6,304 $53,006 $58,576
2001 $932 $6,131 $48,440 $56,136
2000 $932 $5,860 $48,660 $55,136
1999 $909 $5,812 $50,872 $49,845
1998 $940 $5,573 $47,445 $44,270
1997 $983 $5,615 $46,642 $42,488
1996 $928 $5,210 $50,444 $39,722
1995 $820 $4,753 $51,032 $38,345
1994 $716 $4,447 $43,933 $37,551
1993 $603 $4,027 $40,067 $35,899
1992 $498 $3,651 $39,571 $34,108
1991 $466 $3,322 $35,747 $33,191
1990 $529 $3,022 $33,465 $29,949
1989 $503 - $26,618 -
1988 $545 - $25,219 -
1987 $464 - $22,443 -
1986 $657 - $18,150 -
1985 $588 - $12,482 -
1984 $565 - $12,127 -
1983 $631 - $12,374 -
1982 $621 - $12,591 -
1981 $735 - $13,837 -
1980 $779 - $16,531 -
1979 $689 - $15,204 -
1978 $663 - $13,034 -
1977 $593 - $10,486 -
1976 $604 - $9,491 -
1975 $664 - $8,701 -
1974 $588 - $8,967 -
1973 $421 - $7,447 -
1972 $395 - $5,487 -
1971 $396 - $4,435 -
1970 $381 - $4,298 -
1969 $361 - $3,690 -
1968 $340 - $3,203 -
1967 $378 - $2,935 -
1966 $353 - $2,925 -
1965 $336 - $2,804 -
1964 $313 - $2,779 -
1963 $288.8 - $2,462 -
1962 $327 - $2,332 -
1961 $319 - $2,241 -
1960 $299.1 - $2,261 -

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

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

Guyana's GDP per capita is $29,675, ranking 41/197, compared to $137,782 in Luxembourg, ranking 3/197. Adjusted for purchasing power (GDP per capita PPP), Guyana ranks 15th at $80,155, while Luxembourg ranks 1st at $155,941.

Economic indicators

Guyana Luxembourg
Gross domestic product
$24.7B
2024
$93.3B
2024
GDP rank
120/197
2024
74/197
2024
GDP growth
43.8%
2023-2024
0.36%
2023-2024
GDP per capita
$29,675
2024
$137,782
2024
GDP per capita rank
41/197
2024
3/197
2024
GDP per capita, PPP
$80,155
2024
$155,941
2024
GDP per capita PPP rank
15/197
2024
1/197
2024
Government debt
$5.99B
2024
$24.5B
2024
Debt-to-GDP ratio
24.3%
2024
26.3%
2024
Government debt per person
$7,213
2024
$36,221
2024
Government debt per person rank
66/185
2024
19/185
2024
Average annual personal income after taxes
$13,212
2026
$69,593
2026
Market capitalization of domestic companies n/a
$41.9B
2024
Number of billionaires n/a
1
2025
Income share by richest 10%
34.4%
1998
25%
2023
Income share by poorest 10%
1.1%
1998
2.8%
2023
Government expenditure, % of GDP
23.2%
2024
46.9%
2024
Consumer prices inflation
2.5%
2023-2024
2.05%
2023-2024
Unemployment rate
13.2%
2019
6.42%
2024
Population
842249
693885

Spending and national debt comparison by year

Guyana
Spending

Debt
Luxembourg
Spending

Debt
1x
Year % of GDP
Guyana Luxembourg
Government spending Government debt Government spending Government debt
2024 23.2% 24.3% 46.9% 26.3%
2023 23.7% 26.7% 46.4% 24.7%
2022 20.3% 24.8% 44.3% 24.9%
2021 24.8% 45.7% 42.4% 24.2%
2020 30.5% 59.5% 47% 24.5%
2019 28.1% 54% 43.1% 22.3%
2018 27.6% 47.9% 42.3% 20.9%
2017 26.3% 46.1% 41.3% 21.8%
2016 25.2% 44% 40% 19.6%
2015 21.7% 42.2% 40.4% 21.1%
2014 23.1% 38.7% 40.6% 21.9%
2013 21.4% 41.4% 41.2% 22.4%
2012 21.8% 44.7% 41.8% 20.8%
2011 23.5% 51.7% 41.5% 18.5%
2010 23.9% 53.1% 42% 19.1%
2009 25.4% 52.3% 42.7% 15.3%
2008 24.1% 48.2% 37.9% 14.6%
2007 25.5% 47.7% 37.4% 8.09%
2006 29% 74.5% 39.4% 8.21%
2005 28.4% 90.7% 43.4% 7.95%
2004 23.7% 91.8% 43.7% 7.83%
2003 23.5% 95.6% 43.3% 7.43%
2002 23.1% 105.1% 41.8% 7.45%
2001 24% 104.6% 38.1% 7.62%
2000 22.9% 97.2% 38% 7.49%
1999 17.6% 97.1% 41.7% 8.39%
1998 19.7% 108% 43.9% 9.51%
1997 20.9% 101.3% 44.2% 10.1%
1996 - - 42.5% 10.2%
1995 - - 42% 10.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

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

In 2024, Guyana's government spending was $5.72B, accounting for 23.2% of its GDP, while Luxembourg spent $43.7B, or 46.9% of GDP.

Debt-to-GDP ratio is 24.3% in Guyana and 26.3% in Luxembourg, ranking 168/185 and 162/185, respectively.

Government deficit by year

Deficit/surplus
Guyana

Luxembourg
1x
Year Deficit/surplus, % of GDP
Guyana Luxembourg
2024 -7.31% 1.03%
2023 -5.78% -0.78%
2022 -5.11% 0.18%
2021 -6.94% 1%
2020 -7.78% -3.09%
2019 -2.52% 2.68%
2018 -2.52% 3.17%
2017 -3.14% 1.37%
2016 -3.21% 1.89%
2015 -0.75% 1.3%
2014 -3.88% 1.33%
2013 -2.16% 0.84%
2012 -3.11% 0.5%
2011 -2.13% 0.65%
2010 -1.88% -0.26%
2009 -2.5% -0.21%
2008 -2.78% 3.37%
2007 -3.35% 4.35%
2006 -6.16% 1.9%
2005 -6.54% -0.21%
2004 -2.88% -1.39%
2003 -4.81% 0.28%
2002 -2.42% 2.03%
2001 -3.71% 5.62%
2000 -2.27% 5.55%
1999 -0.47% 3.24%
1998 -2.67% 2.98%
1997 -1.7% 2.65%
1996 - 2.37%
1995 - 2.71%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

GeoRank.org/economy/guyana/luxembourg | 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 Luxembourg's surplus of $961M, or 1.03% of GDP.

Over the past 28 years, Guyana recorded a fiscal deficit in 28 of those years, while Luxembourg ran a deficit in 6 years. On average, Guyana posted an annual deficit equal to 3.59% of GDP, compared to surplus of 1.5% of GDP for Luxembourg.

Inflation comparison by year

Inflation
Guyana

Luxembourg
1x
Year Consumer prices inflation
Guyana Luxembourg
2024 2.5% 2.05%
2023 4.5% 3.74%
2022 6.5% 6.34%
2021 3.3% 2.53%
2020 1.2% 0.82%
2019 2.1% 1.74%
2018 1.3% 1.53%
2017 1.9% 1.73%
2016 0.8% 0.29%
2015 -0.9% 0.47%
2014 0.7% 0.63%
2013 1.9% 1.73%
2012 2.4% 2.66%
2011 4.4% 3.41%
2010 4.3% 2.27%
2009 3% 0.37%
2008 8.1% 3.4%
2007 12.2% 2.31%
2006 6.7% 2.67%
2005 6.9% 2.49%
2004 4.7% 2.23%
2003 6% 2.05%
2002 5.4% 2.07%
2001 2.6% 2.66%
2000 6.1% 3.15%
1999 7.5% 1.03%
1998 4.6% 0.96%
1997 3.6% 1.37%

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/luxembourg | CC BY

Over the past 28 years, Guyana has recorded an average annual inflation rate of 4.08%, compared with 2.1% in Luxembourg. In 2024, inflation was 2.5% in Guyana and 2.05% in Luxembourg.

Top exports between countries

Guyana
Export category Export value
Machinery & equipment $1.9M
Metals $28K
Luxembourg
Export category Export value
Metals $1.7M
Machinery & equipment $96K
Textiles & consumer goods $58K
Raw materials & minerals $43K
Chemicals & pharma $15K
Processed food, beverages & tobacco $12K

Balance of trade

Guyana Luxembourg
Current account balance
$2.35B
2023
$4.1B
2024
Current account balance ranking
43/190
2023
35/190
2024
Current account balance, % of GDP
+13.9%
2023
+4.4%
2024
Goods imports
$6B
2023
$29.4B
2024
Goods exports
$13.2B
2023
$31.3B
2024
Service imports
$4.95B
2023
$117B
2024
Service exports
$529M
2023
$150B
2024
Imports of goods and services, % of GDP
109.7%
2005
159.7%
2024
Exports of goods and services, % of GDP
84.6%
2005
191.5%
2024

Economic freedom indices

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

Guyana Luxembourg
Economic freedom 58.7 79.7
Economic freedom ranking 109/197 7/197
Property rights 46.7 96.6
Government integrity 38.8 88.7
Judicial effectiveness 48.6 99.1
Tax burden 76.4 62.3
Government spending 85 36.9
Fiscal health 39.9 98.6
Business freedom 70.9 89.5
Labor freedom 76 56.7
Monetary freedom 78.5 74.1
Trade freedom 59.2 79.4
Investment freedom 55 95
Financial freedom 30 80

Economic freedom comparison by year

Guyana
Luxembourg
1x
Year Economic freedom index
Guyana Luxembourg
2026 58.7 79.7
2025 58.2 79.5
2024 57.3 79.2
2023 56.9 78.4
2022 59.5 80.6
2021 57.4 76
2020 56.2 75.8
2019 56.8 75.9
2018 58.7 76.4
2017 58.5 75.9
2016 55.4 73.9
2015 55.5 73.2
2014 55.7 74.2
2013 53.8 74.2
2012 51.3 74.5
2011 49.4 76.2
2010 48.4 75.4
2009 48.4 75.2
2008 48.8 74.7
2007 53.7 74.6
2006 56.6 75.3
2005 56.5 76.3
2004 53 78.9
2003 50.3 79.9
2002 54.3 79.4
2001 53.3 80.1
2000 52.4 76.4
1999 53.3 72.4
1998 52.7 72.7
1997 53.2 72.8
1996 50.1 72.5
1995 45.7 -

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

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

The Economic Freedom Index for Guyana is 58.7, ranking 109/197, compared to 79.7 for Luxembourg, ranking 7/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guyana Luxembourg
Services, % of GDP
14.5%
2024
81.2%
2024
Industry, % of GDP
76%
2024
9.66%
2024
Agriculture, forestry, and fishing, % of GDP
7.62%
2024
0.21%
2024
GNI, Atlas method
$16.7B
2024
$57.3B
2024
GNI per capita, PPP
$52,290
2024
$110,650
2024
Total reserves including gold
$1.01B
2024
$2.79B
2024
Total reserves ranking
141/177
2024
119/177
2024
Net foreign direct investment
$1.14B
2023
$21.4B
2024
Net inflows of foreign direct investment
$8.63B
2024
$106B
2024
Net outflows of foreign direct investment
$5.7M
2024
$109B
2024
Servicing debt to the IMF, % of GNI
3.73%
2024
n/a
Poverty at national poverty lines
35%
2020
17.3%
2021
Gross capital formation, % of GDP
32.3%
2005
15.8%
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/luxembourg | 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 (1995–2024, 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. TradeMap (2020–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. 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.