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Economy of Guyana vs Maldives compared: GDP & Debt

Updated on by Georank team

Guyana has a GDP of $24.7B compared to $7.06B for Maldives, ranking 120/197 and 159/197 by economy size, respectively.

Guyana has $5.99B in government debt (24.3% of GDP), compared to $9.41B (133.3% of GDP) in Maldives.

Guyana vs Maldives GDP by year

Guyana
Maldives
1x
Year GDP, current $
Guyana Maldives
2024 $24,662,709,832 $7,061,608,267
2023 $16,918,503,597 $6,621,008,704
2022 $14,718,388,489 $6,177,123,352
2021 $8,041,362,110 $5,252,457,370
2020 $5,471,256,595 $3,712,604,583
2019 $5,173,760,192 $5,726,094,799
2018 $4,787,636,998 $5,404,344,163
2017 $4,748,174,334 $4,816,426,257
2016 $4,482,697,337 $4,409,942,624
2015 $4,279,840,194 $4,129,505,319
2014 $4,127,660,152 $3,697,353,039
2013 $4,167,800,929 $3,295,009,238
2012 $4,063,088,536 $2,886,163,997
2011 $3,691,384,318 $2,774,350,240
2010 $3,432,912,517 $2,588,176,055
2009 $3,165,663,153 $2,345,294,875
2008 $3,025,187,433 $2,271,646,188
2007 $2,730,971,595 $1,868,383,461
2006 $2,379,817,991 $1,575,200,391
2005 $824,880,550 $1,163,362,438
2004 $787,814,379 $1,226,829,563
2003 $743,063,950 $1,052,121,055
2002 $726,131,435 $897,031,250
2001 $712,167,450 $870,031,677
2000 $712,667,897 $624,337,145
1999 $694,754,988 $589,239,754
1998 $717,530,683 $540,096,398
1997 $749,138,010 $508,223,602
1996 $705,406,001 $450,382,328
1995 $621,626,786 $398,988,955
1994 $540,874,934 $356,014,932
1993 $454,101,382 $322,417,837
1992 $373,573,141 $284,875,809
1991 $348,533,095 $244,396,762
1990 $396,582,263 $215,043,970
1989 $379,779,390 $189,514,434
1988 $413,799,990 $168,514,513
1987 $354,591,847 $141,223,029
1986 $504,651,140 $141,882,254
1985 $453,488,372 $127,190,758
1984 $437,631,605 $109,503,546
1983 $489,333,333 $57,829,787
1982 $482,000,000 $47,911,340
1981 $570,357,107 $44,781,457
1980 $603,200,000 $42,463,576
1979 $530,440,000 $38,523,364
1978 $507,080,000 $24,369,109
1977 $449,880,000 $20,853,789
1976 $454,440,000 $22,399,467
1975 $494,791,667 $24,540,878
1974 $433,954,545 $39,120,171
1973 $307,047,619 $30,862,042
1972 $285,380,952 $25,177,138
1971 $282,050,000 $21,566,404
1970 $267,800,000 $19,328,038
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/maldives | CC BY

GDP per capita in Guyana vs Maldives by year

Guyana
GDP per capita

GDP per capita, PPP
Maldives
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guyana Maldives
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,675 $80,155 $13,379 $26,183
2023 $20,474 $54,729 $12,588 $24,786
2022 $17,913 $39,711 $11,786 $22,881
2021 $9,861 $22,866 $10,176 $19,053
2020 $6,776 $16,819 $7,394 $13,425
2019 $6,406 $13,241 $11,740 $23,077
2018 $6,048 $12,443 $11,423 $21,899
2017 $6,179 $12,243 $10,510 $19,768
2016 $5,871 $11,516 $9,948 $18,770
2015 $5,640 $11,408 $9,645 $17,875
2014 $5,473 $11,145 $8,939 $16,723
2013 $5,557 $11,200 $8,236 $15,264
2012 $5,444 $10,627 $7,461 $13,989
2011 $4,947 $10,066 $7,425 $13,726
2010 $4,582 $9,337 $7,174 $12,797
2009 $4,209 $8,824 $6,734 $12,266
2008 $4,009 $8,437 $6,757 $13,779
2007 $3,608 $8,110 $5,758 $12,852
2006 $3,136 $7,346 $5,019 $12,075
2005 $1,084 $6,761 $3,797 $9,704
2004 $1,033 $6,673 $4,070 $10,770
2003 $974 $6,392 $3,549 $10,065
2002 $951 $6,304 $3,076 $8,823
2001 $932 $6,131 $3,034 $8,236
2000 $932 $5,860 $2,214 $8,526
1999 $909 $5,812 $2,124 $8,162
1998 $940 $5,573 $1,980 $7,710
1997 $983 $5,615 $1,898 $7,226
1996 $928 $5,210 $1,717 $6,687
1995 $820 $4,753 $1,555 $6,223
1994 $716 $4,447 $1,419 $5,520
1993 $603 $4,027 $1,317 $5,138
1992 $498 $3,651 $1,194 $4,881
1991 $466 $3,322 $1,054 $4,604
1990 $529 $3,022 $957 $4,528
1989 $503 - $870 -
1988 $545 - $799 -
1987 $464 - $692 -
1986 $657 - $720 -
1985 $588 - $669 -
1984 $565 - $594 -
1983 $631 - $323 -
1982 $621 - $274.8 -
1981 $735 - $264.1 -
1980 $779 - $257.6 -
1979 $689 - $240.2 -
1978 $663 - $156.1 -
1977 $593 - $137.3 -
1976 $604 - $151.8 -
1975 $664 - $171.4 -
1974 $588 - $281.5 -
1973 $421 - $228.7 -
1972 $395 - $192.2 -
1971 $396 - $169.8 -
1970 $381 - $156.9 -
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/maldives | CC BY

Guyana's GDP per capita is $29,675, ranking 41/197, compared to $13,379 in Maldives, ranking 75/197. Adjusted for purchasing power (GDP per capita PPP), Guyana ranks 15th at $80,155, while Maldives ranks 81st at $26,183.

Economic indicators

Guyana Maldives
Gross domestic product
$24.7B
2024
$7.06B
2024
GDP rank
120/197
2024
159/197
2024
GDP growth
43.8%
2023-2024
3.49%
2023-2024
GDP per capita
$29,675
2024
$13,379
2024
GDP per capita rank
41/197
2024
75/197
2024
GDP per capita, PPP
$80,155
2024
$26,183
2024
GDP per capita PPP rank
15/197
2024
81/197
2024
Government debt
$5.99B
2024
$9.41B
2024
Debt-to-GDP ratio
24.3%
2024
133.3%
2024
Government debt per person
$7,213
2024
$17,837
2024
Government debt per person rank
66/185
2024
35/185
2024
Average annual personal income after taxes
$13,212
2026
$9,909
2026
Income share by richest 10%
34.4%
1998
23.3%
2019
Income share by poorest 10%
1.1%
1998
3.8%
2019
Government expenditure, % of GDP
23.2%
2024
46.1%
2024
Consumer prices inflation
2.5%
2023-2024
1.4%
2023-2024
Unemployment rate
13.2%
2019
4.56%
2019
Population
842249
532057

Spending and national debt comparison by year

Guyana
Spending

Debt
Maldives
Spending

Debt
1x
Year % of GDP
Guyana Maldives
Government spending Government debt Government spending Government debt
2024 23.2% 24.3% 46.1% 133.3%
2023 23.7% 26.7% 46.7% 122.4%
2022 20.3% 24.8% 42% 111.6%
2021 24.8% 45.7% 40.6% 123.4%
2020 30.5% 59.5% 50.4% 155.7%
2019 28.1% 54% 32.9% 77.2%
2018 27.6% 47.9% 31.9% 70.7%
2017 26.3% 46.1% 30.4% 63.8%
2016 25.2% 44% 37.3% 61.9%
2015 21.7% 42.2% 33.8% 54.8%
2014 23.1% 38.7% 29.1% 55.1%
2013 21.4% 41.4% 27% 55.9%
2012 21.8% 44.7% 29.8% 57.1%
2011 23.5% 51.7% 31.3% 51.9%
2010 23.9% 53.1% 33.2% 52.7%
2009 25.4% 52.3% 37% 48.4%
2008 24.1% 48.2% 35.6% 39%
2007 25.5% 47.7% 34.8% 35.8%
2006 29% 74.5% 35% 36.8%
2005 28.4% 90.7% 38.8% 43.2%
2004 23.7% 91.8% 24.1% 34.7%
2003 23.5% 95.6% 26.4% 37.6%
2002 23.1% 105.1% 29.6% 44.3%
2001 24% 104.6% 29.6% 41.8%
2000 22.9% 97.2% 29% 39%
1999 17.6% 97.1% 28% 38.9%
1998 19.7% 108% 25.9% 39.3%
1997 20.9% 101.3% 25.2% 38.1%
1996 - - 27.3% 46.9%
1995 - - 31.3% 52.2%
1994 - - 30.7% 54.6%
1993 - - 34.7% 55.7%
1992 - - 36.1% 49%
1991 - - 37.7% 46.7%
1990 - - 33.3% 42.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1990–1996, retrieved 2026-02-20).

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

In 2024, Guyana's government spending was $5.72B, accounting for 23.2% of its GDP, while Maldives spent $3.25B, or 46.1% of GDP.

Debt-to-GDP ratio is 24.3% in Guyana and 133.3% in Maldives, ranking 168/185 and 10/185, respectively.

Government deficit by year

Deficit/surplus
Guyana

Maldives
1x
Year Deficit/surplus, % of GDP
Guyana Maldives
2024 -7.31% -13.9%
2023 -5.78% -13.2%
2022 -5.11% -11.2%
2021 -6.94% -14.2%
2020 -7.78% -23.7%
2019 -2.52% -6.54%
2018 -2.52% -5.17%
2017 -3.14% -3.02%
2016 -3.21% -9.93%
2015 -0.75% -6.52%
2014 -3.88% -2.42%
2013 -2.16% -3.49%
2012 -3.11% -6.91%
2011 -2.13% -8.13%
2010 -1.88% -13.6%
2009 -2.5% -17.9%
2008 -2.78% -9.92%
2007 -3.35% -3.16%
2006 -6.16% -4.52%
2005 -6.54% -7.81%
2004 -2.88% -2.26%
2003 -4.81% -3.45%
2002 -2.42% -3.97%
2001 -3.71% -3.97%
2000 -2.27% -3.89%
1999 -0.47% -3.03%
1998 -2.67% -2.25%
1997 -1.7% -1.46%
1996 - -2.01%
1995 - -5.66%
1994 - -4.82%
1993 - -13.9%
1992 - -12.6%
1991 - -10.2%
1990 - -12.8%

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

GeoRank.org/economy/guyana/maldives | 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 Maldives' deficit of $982M, or 13.9% of GDP.

Over the past 28 years, Guyana recorded a fiscal deficit in 28 of those years, while Maldives ran a deficit in 28 years. On average, Guyana posted an annual deficit equal to 3.59% of GDP, compared to deficit of 7.48% of GDP for Maldives.

Inflation comparison by year

Inflation
Guyana

Maldives
1x
Year Consumer prices inflation
Guyana Maldives
2024 2.5% 1.4%
2023 4.5% 2.6%
2022 6.5% 2.6%
2021 3.3% 0.2%
2020 1.2% -1.6%
2019 2.1% 1.3%
2018 1.3% 1.4%
2017 1.9% 2.3%
2016 0.8% 0.8%
2015 -0.9% 1.4%
2014 0.7% 2.4%
2013 1.9% 4%
2012 2.4% 10.9%
2011 4.4% 11.3%
2010 4.3% 6.1%
2009 3% 4.5%
2008 8.1% 12%
2007 12.2% 6.8%
2006 6.7% 3.5%
2005 6.9% 2.5%
2004 4.7% 6.3%
2003 6% -2.8%
2002 5.4% 0.9%
2001 2.6% 0.7%
2000 6.1% -1.2%
1999 7.5% 3%
1998 4.6% -1.4%
1997 3.6% 7.6%

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

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

Over the past 28 years, Guyana has recorded an average annual inflation rate of 4.08%, compared with 3.2% in Maldives. In 2024, inflation was 2.5% in Guyana and 1.4% in Maldives.

Balance of trade

Guyana Maldives
Current account balance
$2.35B
2023
-$1.32B
2024
Current account balance ranking
43/190
2023
130/190
2024
Current account balance, % of GDP
+13.9%
2023
-18.7%
2024
Goods imports
$6B
2023
$3.46B
2024
Goods exports
$13.2B
2023
$383M
2024
Service imports
$4.95B
2023
$1.89B
2024
Service exports
$529M
2023
$5.03B
2024
Imports of goods and services, % of GDP
109.7%
2005
78.3%
2024
Exports of goods and services, % of GDP
84.6%
2005
78.2%
2024

Economic freedom indices

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

Guyana Maldives
Economic freedom 58.7 47.6
Economic freedom ranking 109/197 174/197
Property rights 46.7 52.2
Government integrity 38.8 41.9
Judicial effectiveness 48.6 39.3
Tax burden 76.4 89.9
Government spending 85 39.5
Fiscal health 39.9 0
Business freedom 70.9 49.7
Labor freedom 76 54.1
Monetary freedom 78.5 76.4
Trade freedom 59.2 62.8
Investment freedom 55 35
Financial freedom 30 30

Economic freedom comparison by year

Guyana
Maldives
1x
Year Economic freedom index
Guyana Maldives
2026 58.7 47.6
2025 58.2 48.3
2024 57.3 47.8
2023 56.9 46.6
2022 59.5 47.3
2021 57.4 55.2
2020 56.2 56.5
2019 56.8 53.2
2018 58.7 51.1
2017 58.5 50.3
2016 55.4 53.9
2015 55.5 53.4
2014 55.7 51
2013 53.8 49
2012 51.3 49.2
2011 49.4 48.3
2010 48.4 49
2009 48.4 51.3
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/maldives | CC BY

The Economic Freedom Index for Guyana is 58.7, ranking 109/197, compared to 47.6 for Maldives, ranking 174/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guyana Maldives
Services, % of GDP
14.5%
2024
72.1%
2024
Industry, % of GDP
76%
2024
9.2%
2024
Agriculture, forestry, and fishing, % of GDP
7.62%
2024
3.84%
2024
GNI, Atlas method
$16.7B
2024
$6.15B
2024
GNI per capita, PPP
$52,290
2024
$23,400
2024
Total reserves including gold
$1.01B
2024
$674M
2024
Total reserves ranking
141/177
2024
150/177
2024
Net foreign direct investment
$1.14B
2023
-$806M
2024
Net inflows of foreign direct investment
$8.63B
2024
$806M
2024
Net outflows of foreign direct investment
$5.7M
2024
$0
2024
Servicing debt to the IMF, % of GNI
3.73%
2024
7.95%
2024
Poverty at national poverty lines
35%
2020
15%
2020
Gross capital formation, % of GDP
32.3%
2005
30.8%
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/maldives | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1990–1996, retrieved 2026-02-20)
  6. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.