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Economy of Guyana vs Morocco compared: GDP & Debt

Updated on by Georank team

Guyana has a GDP of $24.7B compared to $161B for Morocco, ranking 120/197 and 58/197 by economy size, respectively.

Guyana has $5.99B in government debt (24.3% of GDP), compared to $109B (67.7% of GDP) in Morocco.

Guyana vs Morocco GDP by year

Guyana
Morocco
1x
Year GDP, current $
Guyana Morocco
2024 $24,662,709,832 $160,610,994,055
2023 $16,918,503,597 $146,036,093,667
2022 $14,718,388,489 $131,245,312,804
2021 $8,041,362,110 $142,022,058,447
2020 $5,471,256,595 $121,353,645,057
2019 $5,173,760,192 $128,920,266,409
2018 $4,787,636,998 $127,341,147,582
2017 $4,748,174,334 $118,540,573,368
2016 $4,482,697,337 $111,572,947,005
2015 $4,279,840,194 $110,413,823,842
2014 $4,127,660,152 $119,130,841,412
2013 $4,167,800,929 $115,739,287,305
2012 $4,063,088,536 $106,937,392,311
2011 $3,691,384,318 $110,080,631,332
2010 $3,432,912,517 $100,865,329,473
2009 $3,165,663,153 $101,154,952,241
2008 $3,025,187,433 $101,822,906,949
2007 $2,730,971,595 $86,947,913,287
2006 $2,379,817,991 $75,883,823,301
2005 $824,880,550 $68,852,658,069
2004 $787,814,379 $66,114,145,451
2003 $743,063,950 $58,029,363,354
2002 $726,131,435 $47,077,192,188
2001 $712,167,450 $43,831,480,208
2000 $712,667,897 $43,017,455,402
1999 $694,754,988 $46,266,428,648
1998 $717,530,683 $46,497,608,725
1997 $749,138,010 $39,147,844,526
1996 $705,406,001 $43,161,571,528
1995 $621,626,786 $39,030,285,468
1994 $540,874,934 $35,604,137,423
1993 $454,101,382 $31,655,473,664
1992 $373,573,141 $33,711,069,431
1991 $348,533,095 $32,285,573,574
1990 $396,582,263 $30,179,954,775
1989 $379,779,390 $26,314,313,191
1988 $413,799,990 $25,705,296,184
1987 $354,591,847 $21,765,195,948
1986 $504,651,140 $19,462,085,540
1985 $453,488,372 $14,991,283,216
1984 $437,631,605 $14,824,667,954
1983 $489,333,333 $16,251,408,128
1982 $482,000,000 $17,692,276,734
1981 $570,357,107 $17,788,185,479
1980 $603,200,000 $21,728,516,153
1979 $530,440,000 $15,911,994,817
1978 $507,080,000 $13,236,946,234
1977 $449,880,000 $11,049,783,872
1976 $454,440,000 $9,584,297,284
1975 $494,791,667 $8,984,853,005
1974 $433,954,545 $7,675,466,449
1973 $307,047,619 $6,242,145,880
1972 $285,380,952 $5,074,117,545
1971 $282,050,000 $4,356,669,034
1970 $267,800,000 $3,956,336,244
1969 $249,300,000 $3,651,622,669
1968 $229,750,000 $3,271,422,333
1967 $250,176,471 $3,046,345,314
1966 $228,705,882 $2,876,401,297
1965 $213,235,294 $2,948,331,090
1964 $194,774,513 $2,798,345,299
1963 $175,757,894 $2,657,252,578
1962 $194,949,513 $2,379,611,125
1961 $185,849,535 $2,025,693,540
1960 $170,216,241 $2,037,154,742

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

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

GDP per capita in Guyana vs Morocco by year

Guyana
GDP per capita

GDP per capita, PPP
Morocco
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guyana Morocco
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,675 $80,155 $4,218 $10,415
2023 $20,474 $54,729 $3,872 $9,895
2022 $17,913 $39,711 $3,516 $9,310
2021 $9,861 $22,866 $3,843 $8,623
2020 $6,776 $16,819 $3,317 $7,705
2019 $6,406 $13,241 $3,560 $8,046
2018 $6,048 $12,443 $3,553 $7,801
2017 $6,179 $12,243 $3,344 $8,115
2016 $5,871 $11,516 $3,186 $7,853
2015 $5,640 $11,408 $3,190 $7,799
2014 $5,473 $11,145 $3,483 $7,237
2013 $5,557 $11,200 $3,425 $7,542
2012 $5,444 $10,627 $3,206 $7,308
2011 $4,947 $10,066 $3,345 $7,274
2010 $4,582 $9,337 $3,107 $6,849
2009 $4,209 $8,824 $3,158 $6,629
2008 $4,009 $8,437 $3,222 $6,437
2007 $3,608 $8,110 $2,788 $6,058
2006 $3,136 $7,346 $2,466 $5,781
2005 $1,084 $6,761 $2,268 $5,275
2004 $1,033 $6,673 $2,207 $5,025
2003 $974 $6,392 $1,962 $4,741
2002 $951 $6,304 $1,612 $4,436
2001 $932 $6,131 $1,521 $4,269
2000 $932 $5,860 $1,513 $3,930
1999 $909 $5,812 $1,651 $3,801
1998 $940 $5,573 $1,683 $3,740
1997 $983 $5,615 $1,439 $3,502
1996 $928 $5,210 $1,610 $3,551
1995 $820 $4,753 $1,478 $3,152
1994 $716 $4,447 $1,369 $3,315
1993 $603 $4,027 $1,236 $2,979
1992 $498 $3,651 $1,337 $2,979
1991 $466 $3,322 $1,302 $3,025
1990 $529 $3,022 $1,238 $2,777
1989 $503 - $1,099 -
1988 $545 - $1,094 -
1987 $464 - $944 -
1986 $657 - $861 -
1985 $588 - $678 -
1984 $565 - $687 -
1983 $631 - $772 -
1982 $621 - $862 -
1981 $735 - $890 -
1980 $779 - $1,117 -
1979 $689 - $839 -
1978 $663 - $716 -
1977 $593 - $613 -
1976 $604 - $545 -
1975 $664 - $524 -
1974 $588 - $459 -
1973 $421 - $382 -
1972 $395 - $319 -
1971 $396 - $280.6 -
1970 $381 - $261.5 -
1969 $361 - $247.8 -
1968 $340 - $228 -
1967 $378 - $218.1 -
1966 $353 - $211.5 -
1965 $336 - $222.7 -
1964 $313 - $216.9 -
1963 $288.8 - $211.3 -
1962 $327 - $194.2 -
1961 $319 - $169.8 -
1960 $299.1 - $175.2 -

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

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

Guyana's GDP per capita is $29,675, ranking 41/197, compared to $4,218 in Morocco, ranking 127/197. Adjusted for purchasing power (GDP per capita PPP), Guyana ranks 15th at $80,155, while Morocco ranks 132nd at $10,415.

Economic indicators

Guyana Morocco
Gross domestic product
$24.7B
2024
$161B
2024
GDP rank
120/197
2024
58/197
2024
GDP growth
43.8%
2023-2024
3.79%
2023-2024
GDP per capita
$29,675
2024
$4,218
2024
GDP per capita rank
41/197
2024
127/197
2024
GDP per capita, PPP
$80,155
2024
$10,415
2024
GDP per capita PPP rank
15/197
2024
132/197
2024
Government debt
$5.99B
2024
$109B
2024
Debt-to-GDP ratio
24.3%
2024
67.7%
2024
Government debt per person
$7,213
2024
$2,857
2024
Government debt per person rank
66/185
2024
104/185
2024
Average annual personal income after taxes
$13,212
2026
$5,678
2026
Market capitalization of domestic companies n/a
$74.5B
2024
Number of billionaires n/a
3
2025
Income share by richest 10%
34.4%
1998
31.9%
2013
Income share by poorest 10%
1.1%
1998
2.7%
2013
Government expenditure, % of GDP
23.2%
2024
33%
2024
Consumer prices inflation
2.5%
2023-2024
0.99%
2023-2024
Central bank interest rate n/a
2.25%
2025
Unemployment rate
13.2%
2019
11.8%
2022
Population
842249
38871720

Spending and national debt comparison by year

Guyana
Spending

Debt
Morocco
Spending

Debt
1x
Year % of GDP
Guyana Morocco
Government spending Government debt Government spending Government debt
2024 23.2% 24.3% 33% 67.7%
2023 23.7% 26.7% 32% 68.7%
2022 20.3% 24.8% 33.7% 71.4%
2021 24.8% 45.7% 31% 69.4%
2020 30.5% 59.5% 34.1% 72.2%
2019 28.1% 54% 27.6% 60.3%
2018 27.6% 47.9% 27.8% 60.5%
2017 26.3% 46.1% 27.9% 60.3%
2016 25.2% 44% 28.6% 60.1%
2015 21.7% 42.2% 28.5% 58.4%
2014 23.1% 38.7% 30.7% 58.6%
2013 21.4% 41.4% 30.4% 57.1%
2012 21.8% 44.7% 32.5% 52.3%
2011 23.5% 51.7% 31.2% 48.6%
2010 23.9% 53.1% 28.7% 45.3%
2009 25.4% 52.3% 28.1% 42.6%
2008 24.1% 48.2% 28.3% 42%
2007 25.5% 47.7% 26.4% 47.1%
2006 29% 74.5% 26% 50.6%
2005 28.4% 90.7% 28.6% 54.8%
2004 23.7% 91.8% 24.5% 54.4%
2003 23.5% 95.6% 24.1% 56.9%
2002 23.1% 105.1% 25.8% 59.4%
2001 24% 104.6% 23.7% 60.4%
2000 22.9% 97.2% 22.8% 64.9%
1999 17.6% 97.1% 18.4% 63.4%
1998 19.7% 108% 18.7% 64.5%
1997 20.9% 101.3% 18.6% 68%
1996 - - 17.6% 65.3%
1995 - - 21.3% 72.2%
1994 - - 21.7% 69.3%
1993 - - 23.1% 74.7%
1992 - - 22.3% 67%
1991 - - 20.8% 59.1%
1990 - - 22.6% 70.5%

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

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

In 2024, Guyana's government spending was $5.72B, accounting for 23.2% of its GDP, while Morocco spent $53.1B, or 33% of GDP.

Debt-to-GDP ratio is 24.3% in Guyana and 67.7% in Morocco, ranking 168/185 and 60/185, respectively.

Government deficit by year

Deficit/surplus
Guyana

Morocco
1x
Year Deficit/surplus, % of GDP
Guyana Morocco
2024 -7.31% -3.92%
2023 -5.78% -4.41%
2022 -5.11% -5.37%
2021 -6.94% -5.92%
2020 -7.78% -7.15%
2019 -2.52% -3.8%
2018 -2.52% -3.52%
2017 -3.14% -3.3%
2016 -3.21% -4.49%
2015 -0.75% -4.59%
2014 -3.88% -4.78%
2013 -2.16% -4.7%
2012 -3.11% -6.63%
2011 -2.13% -6.08%
2010 -1.88% -3.93%
2009 -2.5% -1.63%
2008 -2.78% 0.63%
2007 -3.35% -0.12%
2006 -6.16% -1.8%
2005 -6.54% -5.46%
2004 -2.88% -3.31%
2003 -4.81% -3.74%
2002 -2.42% -4.37%
2001 -3.71% -3.79%
2000 -2.27% -1.97%
1999 -0.47% 3.21%
1998 -2.67% 1.47%
1997 -1.7% 1.5%
1996 - 0.87%
1995 - -2.54%
1994 - -2.51%
1993 - -2%
1992 - -1.84%
1991 - -0.9%
1990 - -1.32%

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

GeoRank.org/economy/guyana/morocco | 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 Morocco's deficit of $6.3B, or 3.92% of GDP.

Over the past 28 years, Guyana recorded a fiscal deficit in 28 of those years, while Morocco ran a deficit in 24 years. On average, Guyana posted an annual deficit equal to 3.59% of GDP, compared to deficit of 3.29% of GDP for Morocco.

Inflation comparison by year

Inflation
Guyana

Morocco
1x
Year Consumer prices inflation
Guyana Morocco
2024 2.5% 0.99%
2023 4.5% 6.09%
2022 6.5% 6.66%
2021 3.3% 1.4%
2020 1.2% 0.71%
2019 2.1% 0.3%
2018 1.3% 1.8%
2017 1.9% 0.75%
2016 0.8% 1.64%
2015 -0.9% 1.56%
2014 0.7% 0.44%
2013 1.9% 1.88%
2012 2.4% 1.29%
2011 4.4% 0.91%
2010 4.3% 0.99%
2009 3% 0.97%
2008 8.1% 3.71%
2007 12.2% 2.04%
2006 6.7% 3.28%
2005 6.9% 0.98%
2004 4.7% 1.49%
2003 6% 1.17%
2002 5.4% 2.8%
2001 2.6% 0.62%
2000 6.1% 1.89%
1999 7.5% 0.68%
1998 4.6% 2.75%
1997 3.6% 1.04%

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/morocco | CC BY

Over the past 28 years, Guyana has recorded an average annual inflation rate of 4.08%, compared with 1.82% in Morocco. In 2024, inflation was 2.5% in Guyana and 0.99% in Morocco.

Top exports between countries

Guyana
Export category Export value
Machinery & equipment $73K
Animal & marine products $4K
Morocco
Export category Export value
Machinery & equipment $16.8M
Raw materials & minerals $2.17M
Raw agricultural goods $307K
Processed food, beverages & tobacco $1K
Textiles & consumer goods $1K

Balance of trade

Guyana Morocco
Current account balance
$2.35B
2023
-$1.87B
2024
Current account balance ranking
43/190
2023
141/190
2024
Current account balance, % of GDP
+13.9%
2023
-1.16%
2024
Goods imports
$6B
2023
$66.5B
2024
Goods exports
$13.2B
2023
$39.3B
2024
Service imports
$4.95B
2023
$14.3B
2024
Service exports
$529M
2023
$28.2B
2024
Imports of goods and services, % of GDP
109.7%
2005
50.2%
2024
Exports of goods and services, % of GDP
84.6%
2005
42%
2024

Economic freedom indices

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

Guyana Morocco
Economic freedom 58.7 61.8
Economic freedom ranking 109/197 91/197
Property rights 46.7 55.2
Government integrity 38.8 35.6
Judicial effectiveness 48.6 32.5
Tax burden 76.4 65.5
Government spending 85 67.5
Fiscal health 39.9 57.5
Business freedom 70.9 72.1
Labor freedom 76 46.2
Monetary freedom 78.5 79.6
Trade freedom 59.2 69.8
Investment freedom 55 80
Financial freedom 30 80

Economic freedom comparison by year

Guyana
Morocco
1x
Year Economic freedom index
Guyana Morocco
2026 58.7 61.8
2025 58.2 60.3
2024 57.3 56.8
2023 56.9 58.4
2022 59.5 59.2
2021 57.4 63.3
2020 56.2 63.3
2019 56.8 62.9
2018 58.7 61.9
2017 58.5 61.5
2016 55.4 61.3
2015 55.5 60.1
2014 55.7 58.3
2013 53.8 59.6
2012 51.3 60.2
2011 49.4 59.6
2010 48.4 59.2
2009 48.4 57.7
2008 48.8 55.6
2007 53.7 56.4
2006 56.6 51.5
2005 56.5 52.2
2004 53 56.7
2003 50.3 57.8
2002 54.3 59
2001 53.3 63.9
2000 52.4 63.2
1999 53.3 63.8
1998 52.7 61.1
1997 53.2 64.7
1996 50.1 64.3
1995 45.7 62.8

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

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

The Economic Freedom Index for Guyana is 58.7, ranking 109/197, compared to 61.8 for Morocco, ranking 91/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guyana Morocco
Services, % of GDP
14.5%
2024
52.7%
2024
Industry, % of GDP
76%
2024
25.6%
2024
Agriculture, forestry, and fishing, % of GDP
7.62%
2024
10.6%
2024
GNI, Atlas method
$16.7B
2024
$149B
2024
GNI per capita, PPP
$52,290
2024
$10,260
2024
Total reserves including gold
$1.01B
2024
$37.1B
2024
Total reserves ranking
141/177
2024
52/177
2024
Net foreign direct investment
$1.14B
2023
-$948M
2024
Net inflows of foreign direct investment
$8.63B
2024
$1.64B
2024
Net outflows of foreign direct investment
$5.7M
2024
$691M
2024
Servicing debt to the IMF, % of GNI
3.73%
2024
5.63%
2024
Poverty at national poverty lines
35%
2020
3.9%
2022
Gross capital formation, % of GDP
32.3%
2005
30.1%
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/morocco | 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. 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.