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Economy of Guyana vs Montenegro compared: GDP & Debt

Updated on by Georank

Guyana has a GDP of $27.1B compared to $9.23B for Montenegro, ranking 120/197 and 155/197 by economy size, respectively.

Guyana has $7.74B in government debt (28.6% of GDP), compared to $6.19B (67.1% of GDP) in Montenegro.

Guyana vs Montenegro GDP by year

Guyana
Montenegro
1x
Year GDP, current $
Guyana Montenegro
2025 $27,097,477,218 $9,232,801,465
2024 $24,662,714,628 $8,274,290,506
2023 $16,918,503,597 $7,643,318,276
2022 $14,718,388,489 $6,259,721,790
2021 $8,041,362,110 $5,822,908,964
2020 $5,471,256,595 $4,734,192,593
2019 $5,173,760,192 $5,483,622,632
2018 $4,787,636,998 $5,433,469,311
2017 $4,748,174,334 $4,803,964,684
2016 $4,482,697,337 $4,357,467,226
2015 $4,279,840,194 $4,010,884,107
2014 $4,127,660,152 $4,579,635,404
2013 $4,167,800,929 $4,422,097,042
2012 $4,063,088,536 $4,071,828,832
2011 $3,691,384,318 $4,507,127,585
2010 $3,432,912,517 $4,136,936,244
2009 $3,165,663,153 $4,159,063,347
2008 $3,025,187,433 $4,559,410,049
2007 $2,730,971,595 $3,682,586,459
2006 $2,379,817,991 $2,719,979,875
2005 $824,880,550 $2,258,016,380
2004 $787,814,379 $2,077,046,942
2003 $743,063,950 $1,708,196,981
2002 $726,131,435 $1,286,314,054
2001 $712,167,450 $1,159,869,246
2000 $712,667,897 $984,293,044
1999 $694,754,988 $828,950,327
1998 $717,530,683 $854,261,161
1997 $749,138,010 $838,288,806
1996 $705,406,001 -
1995 $621,626,786 -
1994 $545,278,380 -
1993 $454,101,382 -
1992 $373,573,141 -
1991 $348,533,095 -
1990 $396,582,263 -
1989 $379,779,390 -
1988 $413,799,990 -
1987 $354,591,847 -
1986 $504,651,140 -
1985 $453,488,372 -
1984 $437,631,605 -
1983 $489,333,333 -
1982 $482,000,000 -
1981 $570,357,107 -
1980 $603,200,000 -
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/montenegro | CC BY

GDP per capita in Guyana vs Montenegro by year

Guyana
GDP per capita

GDP per capita, PPP
Montenegro
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guyana Montenegro
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $32,414 - $14,817 -
2024 $29,675 $80,155 $13,270 $34,063
2023 $20,474 $54,729 $12,258 $31,863
2022 $17,913 $39,711 $10,038 $28,050
2021 $9,861 $22,866 $9,316 $23,690
2020 $6,776 $16,819 $7,555 $20,625
2019 $6,406 $13,241 $8,749 $23,706
2018 $6,048 $12,443 $8,674 $21,084
2017 $6,179 $12,243 $7,674 $19,357
2016 $5,871 $11,516 $6,968 $18,030
2015 $5,640 $11,408 $6,421 $16,092
2014 $5,473 $11,145 $7,342 $15,276
2013 $5,557 $11,200 $7,103 $14,692
2012 $5,444 $10,627 $6,552 $13,793
2011 $4,947 $10,066 $7,266 $14,347
2010 $4,582 $9,337 $6,679 $13,612
2009 $4,209 $8,824 $6,727 $12,976
2008 $4,009 $8,437 $7,390 $13,802
2007 $3,608 $8,110 $5,979 $12,452
2006 $3,136 $7,346 $4,423 $10,440
2005 $1,084 $6,761 $3,676 $8,314
2004 $1,033 $6,673 $3,386 $7,841
2003 $974 $6,392 $2,790 $7,340
2002 $951 $6,304 $2,109 $7,100
2001 $932 $6,131 $1,910 $6,772
2000 $932 $5,860 $1,627 $6,004
1999 $909 $5,812 $1,368 $5,684
1998 $940 $5,573 $1,406 $6,170
1997 $983 $5,615 $1,375 $5,798
1996 $928 $5,210 - -
1995 $820 $4,753 - -
1994 $721 $4,447 - -
1993 $603 $4,027 - -
1992 $498 $3,651 - -
1991 $466 $3,322 - -
1990 $529 $3,022 - -
1989 $503 - - -
1988 $545 - - -
1987 $464 - - -
1986 $657 - - -
1985 $588 - - -
1984 $565 - - -
1983 $631 - - -
1982 $621 - - -
1981 $735 - - -
1980 $779 - - -
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/montenegro | CC BY

Guyana's GDP per capita is $32,414, ranking 40/197, compared to $14,817 in Montenegro, ranking 71/197. Adjusted for purchasing power (GDP per capita PPP), Guyana ranks 15th at $80,155, while Montenegro ranks 65th at $34,063.

Economic indicators

Guyana Montenegro
Gross domestic product
$27.1B
2025
$9.23B
2025
GDP rank
120/197
2025
155/197
2025
GDP growth
19.3%
2024-2025
2.74%
2024-2025
GDP per capita
$32,414
2025
$14,817
2025
GDP per capita rank
40/197
2025
71/197
2025
GDP per capita, PPP
$80,155
2024
$34,063
2024
GDP per capita PPP rank
15/197
2024
65/197
2024
Government debt
$7.74B
2025
$6.19B
2025
Debt-to-GDP ratio
28.6%
2025
67.1%
2025
Government debt per person
$9,255
2025
$9,942
2025
Government debt per person rank
63/185
2025
61/185
2025
Average annual personal income after taxes
$13,307
2026
$12,768
2026
Market capitalization of domestic companies n/a
$3.79B
2012
Income share by richest 10%
34.4%
1998
24.7%
2021
Income share by poorest 10%
1.1%
1998
2.1%
2021
Government expenditure, % of GDP
23.9%
2025
43.9%
2025
Consumer prices inflation
3.3%
2024-2025
3.9%
2024-2025
Unemployment rate
14.7%
2021
11.5%
2024
Population
843423
613759

Spending and national debt comparison by year

Guyana
Spending

Debt
Montenegro
Spending

Debt
1x
Year % of GDP
Guyana Montenegro
Government spending Government debt Government spending Government debt
2025 23.9% 28.6% 43.9% 67.1%
2024 23.3% 24.3% 44.1% 60.8%
2023 23.7% 26.7% 40.4% 59.6%
2022 20.4% 24.8% 42.2% 70.3%
2021 24.8% 38.9% 45.1% 86.2%
2020 30.5% 47.4% 54.9% 108.4%
2019 28.1% 34.2% 44.4% 79.6%
2018 27.6% 37.4% 47.8% 72.9%
2017 26.3% 35.2% 47.6% 66.9%
2016 25.2% 35.7% 47.7% 66.7%
2015 21.7% 42.2% 46.9% 69.5%
2014 23.1% 38.7% 44.3% 63.6%
2013 21.4% 41.4% 46.3% 59.2%
2012 21.8% 44.7% 45.9% 57.1%
2011 23.5% 51.7% 45.7% 49%
2010 23.9% 53.1% 46.7% 45.1%
2009 25.4% 52.3% 51.5% 43.9%
2008 24.1% 48.2% 51.2% 34.2%
2007 25.5% 47.7% 43.9% 31.8%
2006 29% 74.5% 42.6% 36.7%
2005 28.4% 90.7% 38.2% 38.6%
2004 23.7% 91.8% 40% 45.4%
2003 23.5% 95.6% 43.3% 48.6%
2002 23.1% 105.1% 37.5% 85.7%
2001 24% 104.6% - -
2000 22.9% 97.2% - -
1999 17.6% 97.1% - -
1998 19.7% 108% - -
1997 20.9% 101.3% - -

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

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

In 2025, Guyana's government spending was $6.48B, accounting for 23.9% of its GDP, while Montenegro spent $4.05B, or 43.9% of GDP.

Debt-to-GDP ratio is 28.6% in Guyana and 67.1% in Montenegro, ranking 160/185 and 63/185, respectively.

Government deficit by year

Deficit/surplus
Guyana

Montenegro
1x
Year Deficit/surplus, % of GDP
Guyana Montenegro
2025 -5.37% -3.61%
2024 -7.27% -3.44%
2023 -5.62% 0.38%
2022 -5.1% -4.05%
2021 -6.94% -1.37%
2020 -7.78% -10.9%
2019 -2.52% -1.74%
2018 -2.52% -6.3%
2017 -3.14% -6.89%
2016 -3.21% -6.21%
2015 -0.75% -6.03%
2014 -3.88% -0.7%
2013 -2.16% -4.54%
2012 -3.11% -5.87%
2011 -2.13% -6.79%
2010 -1.88% -4.88%
2009 -2.5% -6.74%
2008 -2.78% -2.3%
2007 -3.35% 8.44%
2006 -6.16% 4.34%
2005 -6.54% -1.42%
2004 -2.88% -2.45%
2003 -4.81% -4.06%
2002 -2.42% -1.44%
2001 -3.71% -
2000 -2.27% -
1999 -0.47% -
1998 -2.67% -
1997 -1.7% -

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

GeoRank.org/economy/guyana/montenegro | 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 Montenegro's deficit of $334M, or 3.61% of GDP.

Over the past 24 years, Guyana recorded a fiscal deficit in 24 of those years, while Montenegro ran a deficit in 21 years. On average, Guyana posted an annual deficit equal to 3.95% of GDP, compared to deficit of 3.27% of GDP for Montenegro.

Inflation comparison by year

Inflation
Guyana

Montenegro
1x
Year Consumer prices inflation
Guyana Montenegro
2025 3.3% 3.9%
2024 2.9% 3.3%
2023 2.8% 8.6%
2022 6.9% 13%
2021 4.5% 2.4%
2020 0.7% -0.3%
2019 2.1% 0.4%
2018 1.3% 2.6%
2017 1.9% 2.4%
2016 0.8% -0.3%
2015 -0.9% 1.5%
2014 0.7% -0.7%
2013 1.9% 2.2%
2012 2.4% 4.1%
2011 4.4% 3.5%
2010 4.3% 0.4%
2009 3% 3.6%
2008 8.1% 9%
2007 12.2% 3.4%
2006 6.7% 2.1%
2005 6.9% 3.4%
2004 4.7% 3.1%
2003 6% 7.5%
2002 5.4% 19.7%
2001 2.6% 23.7%
2000 6.1% 29.9%
1999 7.5% -
1998 4.6% -
1997 3.6% -

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

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

Over the past 26 years, Guyana has recorded an average annual inflation rate of 3.91%, compared with 5.86% in Montenegro. In 2025, inflation was 3.3% in Guyana and 3.9% in Montenegro.

Balance of trade

Guyana Montenegro
Current account balance
$2.35B
2023
-$1.88B
2025
Current account balance ranking
42/190
2023
140/190
2025
Current account balance, % of GDP
+13.9%
2023
-20.4%
2025
Goods imports
$6B
2023
$4.91B
2025
Goods exports
$13.2B
2023
$663M
2025
Service imports
$4.95B
2023
$1.24B
2025
Service exports
$529M
2023
$3.07B
2025
Imports of goods and services, % of GDP
109.7%
2005
65.7%
2025
Exports of goods and services, % of GDP
84.6%
2005
40.1%
2025

Economic freedom indices

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

Guyana Montenegro
Economic freedom 58.7 63.8
Economic freedom ranking 109/197 78/197
Property rights 46.7 60.9
Government integrity 38.8 49.9
Judicial effectiveness 48.6 51.5
Tax burden 76.4 88.7
Government spending 85 47.6
Fiscal health 39.9 86.2
Business freedom 70.9 68.4
Labor freedom 76 59.4
Monetary freedom 78.5 75.2
Trade freedom 59.2 78.4
Investment freedom 55 50
Financial freedom 30 50

Economic freedom comparison by year

Guyana
Montenegro
1x
Year Economic freedom index
Guyana Montenegro
2026 58.7 63.8
2025 58.2 63.8
2024 57.3 59.7
2023 56.9 60.9
2022 59.5 57.8
2021 57.4 63.4
2020 56.2 61.5
2019 56.8 60.5
2018 58.7 64.3
2017 58.5 62
2016 55.4 64.9
2015 55.5 64.7
2014 55.7 63.6
2013 53.8 62.6
2012 51.3 62.5
2011 49.4 62.5
2010 48.4 63.6
2009 48.4 58.2
2008 48.8 -
2007 53.7 -
2006 56.6 -
2005 56.5 -
2004 53 -
2003 50.3 43.5
2002 54.3 46.6
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 2026-07-08).

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

The Economic Freedom Index for Guyana is 58.7, ranking 109/197, compared to 63.8 for Montenegro, ranking 78/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guyana Montenegro
Services, % of GDP
14.8%
2025
63.4%
2025
Industry, % of GDP
75.1%
2025
11.3%
2025
Agriculture, forestry, and fishing, % of GDP
7.73%
2025
3.37%
2025
GNI, Atlas method
$23.8B
2025
$8.82B
2025
GNI per capita, PPP
$80,300
2025
$35,700
2025
Total reserves including gold
$1.36B
2025
$2.2B
2025
Total reserves ranking
136/177
2025
126/177
2025
Net foreign direct investment
$1.14B
2023
-$601M
2025
Net inflows of foreign direct investment
$8.63B
2024
$599M
2024
Net outflows of foreign direct investment
$5.7M
2024
$67.8M
2024
Servicing debt to the IMF, % of GNI
2.84%
2024
15%
2024
Poverty at national poverty lines
35%
2020
20%
2023
Gross capital formation, % of GDP
32.3%
2005
26.9%
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/montenegro | 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 (1997–2025, 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. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  6. LivingCost (2026, retrieved 2026-07-08)
  7. 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.