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Economy of Guyana vs Mongolia compared: GDP & Debt

Updated on by Georank

Guyana has a GDP of $27.1B compared to $25.4B for Mongolia, ranking 120/197 and 123/197 by economy size, respectively.

Guyana has $7.74B in government debt (28.6% of GDP), compared to $11.4B (45.1% of GDP) in Mongolia.

Guyana vs Mongolia GDP by year

Guyana
Mongolia
1x
Year GDP, current $
Guyana Mongolia
2025 $27,097,477,218 $25,369,107,325
2024 $24,662,714,628 $23,794,540,025
2023 $16,918,503,597 $20,325,121,394
2022 $14,718,388,489 $17,146,471,714
2021 $8,041,362,110 $15,286,441,738
2020 $5,471,256,595 $13,312,981,429
2019 $5,173,760,192 $14,206,359,018
2018 $4,787,636,998 $13,178,094,720
2017 $4,748,174,334 $11,480,847,741
2016 $4,482,697,337 $11,181,350,649
2015 $4,279,840,194 $11,619,892,591
2014 $4,127,660,152 $12,226,514,668
2013 $4,167,800,929 $12,582,122,604
2012 $4,063,088,536 $12,292,770,632
2011 $3,691,384,318 $10,409,797,378
2010 $3,432,912,517 $7,189,481,999
2009 $3,165,663,153 $4,583,850,368
2008 $3,025,187,433 $5,623,216,608
2007 $2,730,971,595 $4,234,999,704
2006 $2,379,817,991 $3,414,055,662
2005 $824,880,550 $2,523,471,601
2004 $787,814,379 $1,992,066,808
2003 $743,063,950 $1,595,297,356
2002 $726,131,435 $1,396,555,720
2001 $712,167,450 $1,267,997,934
2000 $712,667,897 $1,136,896,124
1999 $694,754,988 $1,057,408,589
1998 $717,530,683 $1,124,440,205
1997 $749,138,010 $1,180,934,203
1996 $705,406,001 $1,345,719,472
1995 $621,626,786 $1,452,165,005
1994 $545,278,380 $925,817,092
1993 $454,101,382 $768,401,634
1992 $373,573,141 $1,317,611,864
1991 $348,533,095 $2,379,018,326
1990 $396,582,263 $2,560,785,660
1989 $379,779,390 $3,576,966,800
1988 $413,799,990 $3,204,461,567
1987 $354,591,847 $3,020,611,600
1986 $504,651,140 $2,896,178,867
1985 $453,488,372 $2,186,505,475
1984 $437,631,605 $2,098,734,600
1983 $489,333,333 $2,725,736,633
1982 $482,000,000 $2,552,401,933
1981 $570,357,107 $2,310,099,100
1980 $603,200,000 $2,101,394,100
1979 $530,440,000 -
1978 $507,080,000 -
1977 $449,880,000 -
1976 $454,440,000 -
1975 $494,791,667 -
1974 $433,954,545 -
1973 $307,047,619 -
1972 $285,380,952 -
1971 $282,050,000 -
1970 $267,800,000 -
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 (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Guyana vs Mongolia by year

Guyana
GDP per capita

GDP per capita, PPP
Mongolia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guyana Mongolia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $32,414 - $7,108 -
2024 $29,675 $80,155 $6,751 $19,145
2023 $20,474 $54,729 $5,839 $18,005
2022 $17,913 $39,711 $4,994 $16,402
2021 $9,861 $22,866 $4,518 $14,792
2020 $6,776 $16,819 $4,001 $13,693
2019 $6,406 $13,241 $4,348 $13,605
2018 $6,048 $12,443 $4,108 $12,317
2017 $6,179 $12,243 $3,646 $11,096
2016 $5,871 $11,516 $3,620 $10,511
2015 $5,640 $11,408 $3,839 $10,458
2014 $5,473 $11,145 $4,126 $10,900
2013 $5,557 $11,200 $4,340 $10,442
2012 $5,444 $10,627 $4,329 $10,152
2011 $4,947 $10,066 $3,736 $8,862
2010 $4,582 $9,337 $2,625 $7,532
2009 $4,209 $8,824 $1,703 $7,119
2008 $4,009 $8,437 $2,127 $7,297
2007 $3,608 $8,110 $1,628 $6,678
2006 $3,136 $7,346 $1,330 $5,977
2005 $1,084 $6,761 $995 $5,406
2004 $1,033 $6,673 $794 $4,942
2003 $974 $6,392 $643 $4,399
2002 $951 $6,304 $570 $4,083
2001 $932 $6,131 $524 $3,889
2000 $932 $5,860 $476 $3,740
1999 $909 $5,812 $449 $3,664
1998 $940 $5,573 $484 $3,555
1997 $983 $5,615 $515 $3,449
1996 $928 $5,210 $596 $3,310
1995 $820 $4,753 $653 $3,229
1994 $721 $4,447 $423 $3,021
1993 $603 $4,027 $355 $2,929
1992 $498 $3,651 $608 $2,951
1991 $466 $3,322 $1,099 $3,183
1990 $529 $3,022 $1,220 $3,479
1989 $503 - $1,684 -
1988 $545 - $1,543 -
1987 $464 - $1,493 -
1986 $657 - $1,469 -
1985 $588 - $1,138 -
1984 $565 - $1,120 -
1983 $631 - $1,490 -
1982 $621 - $1,430 -
1981 $735 - $1,325 -
1980 $779 - $1,235 -
1979 $689 - - -
1978 $663 - - -
1977 $593 - - -
1976 $604 - - -
1975 $664 - - -
1974 $588 - - -
1973 $421 - - -
1972 $395 - - -
1971 $396 - - -
1970 $381 - - -
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 (1960–2025, retrieved 2026-07-08).

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

Guyana's GDP per capita is $32,414, ranking 40/197, compared to $7,108 in Mongolia, ranking 103/197. Adjusted for purchasing power (GDP per capita PPP), Guyana ranks 15th at $80,155, while Mongolia ranks 98th at $19,145.

Economic indicators

Guyana Mongolia
Gross domestic product
$27.1B
2025
$25.4B
2025
GDP rank
120/197
2025
123/197
2025
GDP growth
19.3%
2024-2025
6.84%
2024-2025
GDP per capita
$32,414
2025
$7,108
2025
GDP per capita rank
40/197
2025
103/197
2025
GDP per capita, PPP
$80,155
2024
$19,145
2024
GDP per capita PPP rank
15/197
2024
98/197
2024
Government debt
$7.74B
2025
$11.4B
2025
Debt-to-GDP ratio
28.6%
2025
45.1%
2025
Government debt per person
$9,255
2025
$3,207
2025
Government debt per person rank
63/185
2025
101/185
2025
Average annual personal income after taxes
$13,307
2026
$7,064
2026
Income share by richest 10%
34.4%
1998
24.6%
2022
Income share by poorest 10%
1.1%
1998
3.4%
2022
Government expenditure, % of GDP
23.9%
2025
34.6%
2025
Consumer prices inflation
3.3%
2024-2025
8.6%
2024-2025
Central bank interest rate n/a
12%
2025
Unemployment rate
14.7%
2021
5.81%
2024
Population
843423
3630744

Spending and national debt comparison by year

Guyana
Spending

Debt
Mongolia
Spending

Debt
1x
Year % of GDP
Guyana Mongolia
Government spending Government debt Government spending Government debt
2025 23.9% 28.6% 34.6% 45.1%
2024 23.3% 24.3% 37.5% 44.1%
2023 23.7% 26.7% 31.9% 46.7%
2022 20.4% 24.8% 33.7% 64.5%
2021 24.8% 38.9% 35.9% 67.3%
2020 30.5% 47.4% 37.1% 83.4%
2019 28.1% 34.2% 30.8% 66.8%
2018 27.6% 37.4% 28.4% 76.5%
2017 26.3% 35.2% 32.2% 86.9%
2016 25.2% 35.7% 39.7% 78.7%
2015 21.7% 42.2% 31.2% 50.5%
2014 23.1% 38.7% 32.1% 44%
2013 21.4% 41.4% 32.2% 49.4%
2012 21.8% 44.7% 36.1% 43.7%
2011 23.5% 51.7% 37.9% 32.7%
2010 23.9% 53.1% 31.6% 31%
2009 25.4% 52.3% 35.5% 48.5%
2008 24.1% 48.2% 37.6% 31%
2007 25.5% 47.7% 35.3% 36.1%
2006 29% 74.5% 26.2% 40.9%
2005 28.4% 90.7% 25.1% 55.9%
2004 23.7% 91.8% 31.8% 75%
2003 23.5% 95.6% 33.7% 90%
2002 23.1% 105.1% 35.5% 72%
2001 24% 104.6% 35.2% 69.2%
2000 22.9% 97.2% 34.5% 79.3%
1999 17.6% 97.1% 33.2% 103.7%
1998 19.7% 108% 36.2% 77.5%
1997 20.9% 101.3% 30.8% 61%
1996 - - 28.6% 49.7%
1995 - - 26.6% 40.2%
1994 - - 32.2% 57.6%
1993 - - 38.3% 57.8%
1992 - - 29.1% 29.3%
1991 - - 46% -
1990 - - 51.7% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1992–2005, retrieved 2026-07-08).

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

In 2025, Guyana's government spending was $6.48B, accounting for 23.9% of its GDP, while Mongolia spent $8.78B, or 34.6% of GDP.

Debt-to-GDP ratio is 28.6% in Guyana and 45.1% in Mongolia, ranking 160/185 and 116/185, respectively.

Government deficit by year

Deficit/surplus
Guyana

Mongolia
1x
Year Deficit/surplus, % of GDP
Guyana Mongolia
2025 -5.37% 1.7%
2024 -7.27% 1.39%
2023 -5.62% 2.73%
2022 -5.1% 0.67%
2021 -6.94% -3.05%
2020 -7.78% -9.24%
2019 -2.52% 1%
2018 -2.52% 2.85%
2017 -3.14% -3.72%
2016 -3.21% -15.3%
2015 -0.75% -5.04%
2014 -3.88% -3.73%
2013 -2.16% -0.93%
2012 -3.11% -6.24%
2011 -2.13% -4.01%
2010 -1.88% 0.43%
2009 -2.5% -5.2%
2008 -2.78% -4.52%
2007 -3.35% 2.64%
2006 -6.16% 7.58%
2005 -6.54% 2.43%
2004 -2.88% -1.62%
2003 -4.81% -3.38%
2002 -2.42% -4.74%
2001 -3.71% -4.33%
2000 -2.27% -5.82%
1999 -0.47% -9.91%
1998 -2.67% -12.3%
1997 -1.7% -8.09%
1996 - -6.88%
1995 - -4.97%
1994 - -9.74%
1993 - -13.3%
1992 - -8.1%
1991 - -6.37%
1990 - -9.37%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Guyana's government deficit, the difference between spending and revenue, was $1.46B, equivalent to 5.37% of GDP. This compares to Mongolia's surplus of $432M, or 1.7% of GDP.

Over the past 29 years, Guyana recorded a fiscal deficit in 29 of those years, while Mongolia ran a deficit in 19 years. On average, Guyana posted an annual deficit equal to 3.64% of GDP, compared to deficit of 3.03% of GDP for Mongolia.

Inflation comparison by year

Inflation
Guyana

Mongolia
1x
Year Consumer prices inflation
Guyana Mongolia
2025 3.3% 8.6%
2024 2.9% 6.2%
2023 2.8% 10.4%
2022 6.9% 15.1%
2021 4.5% 7.4%
2020 0.7% 3.7%
2019 2.1% 7.3%
2018 1.3% 6.8%
2017 1.9% 4.3%
2016 0.8% 0.8%
2015 -0.9% 6.8%
2014 0.7% 12.9%
2013 1.9% 10.6%
2012 2.4% 13.8%
2011 4.4% 8.8%
2010 4.3% 8.3%
2009 3% 7.6%
2008 8.1% 28%
2007 12.2% 9.6%
2006 6.7% 4.4%
2005 6.9% 12.6%
2004 4.7% 8.3%
2003 6% 5.2%
2002 5.4% 0.9%
2001 2.6% 6.4%
2000 6.1% 11.3%
1999 7.5% 7.6%
1998 4.6% 9.5%
1997 3.6% 30%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Guyana has recorded an average annual inflation rate of 4.05%, compared with 9.42% in Mongolia. In 2025, inflation was 3.3% in Guyana and 8.6% in Mongolia.

Balance of trade

Guyana Mongolia
Current account balance
$2.35B
2023
-$2.49B
2024
Current account balance ranking
42/190
2023
147/190
2024
Current account balance, % of GDP
+13.9%
2023
-10.4%
2024
Goods imports
$6B
2023
$11.7B
2024
Goods exports
$13.2B
2023
$14.7B
2024
Service imports
$4.95B
2023
$4.92B
2024
Service exports
$529M
2023
$1.6B
2024
Imports of goods and services, % of GDP
109.7%
2005
62.6%
2025
Exports of goods and services, % of GDP
84.6%
2005
68.1%
2025

Economic freedom indices

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

Guyana Mongolia
Economic freedom 58.7 63.9
Economic freedom ranking 109/197 76/197
Property rights 46.7 49.2
Government integrity 38.8 35.8
Judicial effectiveness 48.6 54.9
Tax burden 76.4 83.7
Government spending 85 64.6
Fiscal health 39.9 96.1
Business freedom 70.9 68.4
Labor freedom 76 68.2
Monetary freedom 78.5 72.1
Trade freedom 59.2 74.4
Investment freedom 55 50
Financial freedom 30 50

Economic freedom comparison by year

Guyana
Mongolia
1x
Year Economic freedom index
Guyana Mongolia
2026 58.7 63.9
2025 58.2 62.6
2024 57.3 60.6
2023 56.9 61.7
2022 59.5 63.9
2021 57.4 62.4
2020 56.2 55.9
2019 56.8 55.4
2018 58.7 55.7
2017 58.5 54.8
2016 55.4 59.4
2015 55.5 59.2
2014 55.7 58.9
2013 53.8 61.7
2012 51.3 61.5
2011 49.4 59.5
2010 48.4 60
2009 48.4 62.8
2008 48.8 63.6
2007 53.7 60.3
2006 56.6 62.4
2005 56.5 59.7
2004 53 56.5
2003 50.3 57.7
2002 54.3 56.7
2001 53.3 56
2000 52.4 58.5
1999 53.3 58.6
1998 52.7 57.3
1997 53.2 52.9
1996 50.1 47.4
1995 45.7 47.8

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Guyana is 58.7, ranking 109/197, compared to 63.9 for Mongolia, ranking 76/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guyana Mongolia
Services, % of GDP
14.8%
2025
44.3%
2025
Industry, % of GDP
75.1%
2025
37.2%
2025
Agriculture, forestry, and fishing, % of GDP
7.73%
2025
8.94%
2025
GNI, Atlas method
$23.8B
2025
$22.2B
2025
GNI per capita, PPP
$80,300
2025
$18,460
2025
Total reserves including gold
$1.36B
2025
$7B
2025
Total reserves ranking
136/177
2025
91/177
2025
Net foreign direct investment
$1.14B
2023
-$2.73B
2024
Net inflows of foreign direct investment
$8.63B
2024
$2.78B
2024
Net outflows of foreign direct investment
$5.7M
2024
$55.5M
2024
Servicing debt to the IMF, % of GNI
2.84%
2024
25.7%
2024
Poverty at national poverty lines
35%
2020
27.1%
2022
Gross capital formation, % of GDP
32.3%
2005
31.4%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1992–2005, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)

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.