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Economy of Guyana vs Namibia compared: GDP & Debt

Updated on by Georank

Guyana has a GDP of $27.1B compared to $15.1B for Namibia, ranking 120/197 and 146/197 by economy size, respectively.

Guyana has $7.74B in government debt (28.6% of GDP), compared to $10.6B (70.2% of GDP) in Namibia.

Guyana vs Namibia GDP by year

Guyana
Namibia
1x
Year GDP, current $
Guyana Namibia
2025 $27,097,477,218 $15,080,340,654
2024 $24,662,714,628 $13,641,190,683
2023 $16,918,503,597 $12,522,012,874
2022 $14,718,388,489 $12,569,449,123
2021 $8,041,362,110 $12,402,486,184
2020 $5,471,256,595 $10,583,748,542
2019 $5,173,760,192 $12,541,928,303
2018 $4,787,636,998 $13,682,019,076
2017 $4,748,174,334 $12,895,153,371
2016 $4,482,697,337 $10,722,018,732
2015 $4,279,840,194 $11,335,161,084
2014 $4,127,660,152 $12,435,430,970
2013 $4,167,800,929 $12,043,307,277
2012 $4,063,088,536 $13,042,053,592
2011 $3,691,384,318 $12,523,359,441
2010 $3,432,912,517 $11,431,412,421
2009 $3,165,663,153 $8,938,847,189
2008 $3,025,187,433 $8,607,431,497
2007 $2,730,971,595 $8,839,536,476
2006 $2,379,817,991 $8,001,779,551
2005 $824,880,550 $7,248,374,838
2004 $787,814,379 $6,609,205,995
2003 $743,063,950 $4,926,439,384
2002 $726,131,435 $3,349,169,826
2001 $712,167,450 $3,557,341,215
2000 $712,667,897 $3,922,232,165
1999 $694,754,988 $3,868,551,730
1998 $717,530,683 $3,873,109,866
1997 $749,138,010 $4,154,989,950
1996 $705,406,001 $3,989,163,197
1995 $621,626,786 $3,978,514,206
1994 $545,278,380 $3,666,503,530
1993 $454,101,382 $3,251,188,833
1992 $373,573,141 $3,429,521,699
1991 $348,533,095 $2,996,869,281
1990 $396,582,263 $2,789,921,854
1989 $379,779,390 $2,535,135,798
1988 $413,799,990 $2,495,094,746
1987 $354,591,847 $2,300,068,217
1986 $504,651,140 $1,809,048,527
1985 $453,488,372 $1,608,237,350
1984 $437,631,605 $1,951,260,038
1983 $489,333,333 $2,297,400,688
1982 $482,000,000 $2,118,710,248
1981 $570,357,107 $2,249,908,578
1980 $603,200,000 $2,421,990,338
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/namibia | CC BY

GDP per capita in Guyana vs Namibia by year

Guyana
GDP per capita

GDP per capita, PPP
Namibia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guyana Namibia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $32,414 - $4,876 -
2024 $29,675 $80,155 $4,502 $11,687
2023 $20,474 $54,729 $4,226 $11,251
2022 $17,913 $39,711 $4,350 $10,663
2021 $9,861 $22,866 $4,413 $9,709
2020 $6,776 $16,819 $3,879 $9,354
2019 $6,406 $13,241 $4,732 $9,609
2018 $6,048 $12,443 $5,309 $9,854
2017 $6,179 $12,243 $5,144 $9,888
2016 $5,871 $11,516 $4,396 $10,200
2015 $5,640 $11,408 $4,774 $10,466
2014 $5,473 $11,145 $5,378 $10,365
2013 $5,557 $11,200 $5,347 $9,699
2012 $5,444 $10,627 $5,943 $9,364
2011 $4,947 $10,066 $5,835 $9,002
2010 $4,582 $9,337 $5,418 $8,538
2009 $4,209 $8,824 $4,303 $8,079
2008 $4,009 $8,437 $4,205 $8,125
2007 $3,608 $8,110 $4,379 $7,875
2006 $3,136 $7,346 $4,017 $7,374
2005 $1,084 $6,761 $3,686 $6,767
2004 $1,033 $6,673 $3,403 $6,480
2003 $974 $6,392 $2,569 $5,693
2002 $951 $6,304 $1,772 $5,433
2001 $932 $6,131 $1,916 $5,196
2000 $932 $5,860 $2,157 $5,129
1999 $909 $5,812 $2,178 $4,961
1998 $940 $5,573 $2,235 $4,852
1997 $983 $5,615 $2,460 $4,764
1996 $928 $5,210 $2,423 $4,612
1995 $820 $4,753 $2,483 $4,509
1994 $721 $4,447 $2,356 $4,376
1993 $603 $4,027 $2,155 $4,345
1992 $498 $3,651 $2,347 $4,452
1991 $466 $3,322 $2,117 $4,192
1990 $529 $3,022 $2,037 $3,875
1989 $503 - $1,967 -
1988 $545 - $2,063 -
1987 $464 - $1,969 -
1986 $657 - $1,599 -
1985 $588 - $1,466 -
1984 $565 - $1,830 -
1983 $631 - $2,214 -
1982 $621 - $2,097 -
1981 $735 - $2,267 -
1980 $779 - $2,468 -
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/namibia | CC BY

Guyana's GDP per capita is $32,414, ranking 40/197, compared to $4,876 in Namibia, ranking 125/197. Adjusted for purchasing power (GDP per capita PPP), Guyana ranks 15th at $80,155, while Namibia ranks 128th at $11,687.

Economic indicators

Guyana Namibia
Gross domestic product
$27.1B
2025
$15.1B
2025
GDP rank
120/197
2025
146/197
2025
GDP growth
19.3%
2024-2025
1.73%
2024-2025
GDP per capita
$32,414
2025
$4,876
2025
GDP per capita rank
40/197
2025
125/197
2025
GDP per capita, PPP
$80,155
2024
$11,687
2024
GDP per capita PPP rank
15/197
2024
128/197
2024
Government debt
$7.74B
2025
$10.6B
2025
Debt-to-GDP ratio
28.6%
2025
70.2%
2025
Government debt per person
$9,255
2025
$3,425
2025
Government debt per person rank
63/185
2025
97/185
2025
Average annual personal income after taxes
$13,307
2026
$3,433
2026
Market capitalization of domestic companies n/a
$2.48B
2024
Income share by richest 10%
34.4%
1998
47.2%
2015
Income share by poorest 10%
1.1%
1998
1%
2015
Government expenditure, % of GDP
23.9%
2025
39.4%
2025
Consumer prices inflation
3.3%
2024-2025
3.5%
2024-2025
Central bank interest rate n/a
6.5%
2025
Unemployment rate
14.7%
2021
19.9%
2018
Population
843423
3185686

Spending and national debt comparison by year

Guyana
Spending

Debt
Namibia
Spending

Debt
1x
Year % of GDP
Guyana Namibia
Government spending Government debt Government spending Government debt
2025 23.9% 28.6% 39.4% 70.2%
2024 23.3% 24.3% 39.6% 69.8%
2023 23.7% 26.7% 37% 67.9%
2022 20.4% 24.8% 36.6% 70.1%
2021 24.8% 38.9% 39.3% 69.6%
2020 30.5% 47.4% 41.5% 64.3%
2019 28.1% 34.2% 37.4% 57.6%
2018 27.6% 37.4% 36.3% 48.7%
2017 26.3% 35.2% 38.1% 43.8%
2016 25.2% 35.7% 41.8% 45.8%
2015 21.7% 42.2% 43.7% 42.1%
2014 23.1% 38.7% 41.8% 27.6%
2013 21.4% 41.4% 38.3% 26.1%
2012 21.8% 44.7% 35% 24.6%
2011 23.5% 51.7% 38.5% 27.4%
2010 23.9% 53.1% 33.5% 16.3%
2009 25.4% 52.3% 32% 15.9%
2008 24.1% 48.2% 28.4% 19.1%
2007 25.5% 47.7% 26.1% 19.4%
2006 29% 74.5% 27.4% 26.1%
2005 28.4% 90.7% 27.7% 26.9%
2004 23.7% 91.8% 28.4% 29.2%
2003 23.5% 95.6% 31.1% 27.1%
2002 23.1% 105.1% 29.8% 22.2%
2001 24% 104.6% 30.7% 24.4%
2000 22.9% 97.2% 30.1% 20.9%
1999 17.6% 97.1% 31.8% 21.8%
1998 19.7% 108% 31.3% 19.6%
1997 20.9% 101.3% 30.9% 17.7%
1996 - - 30.4% 18.7%
1995 - - 29.6% 18%
1994 - - 28.7% 16.4%
1993 - - 32.4% 17.2%
1992 - - 32.8% 14.1%
1991 - - 33% 11.8%
1990 - - 30.2% 12.9%

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

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

In 2025, Guyana's government spending was $6.48B, accounting for 23.9% of its GDP, while Namibia spent $5.94B, or 39.4% of GDP.

Debt-to-GDP ratio is 28.6% in Guyana and 70.2% in Namibia, ranking 160/185 and 57/185, respectively.

Government deficit by year

Deficit/surplus
Guyana

Namibia
1x
Year Deficit/surplus, % of GDP
Guyana Namibia
2025 -5.37% -6.46%
2024 -7.27% -3.84%
2023 -5.62% -3.14%
2022 -5.1% -6.33%
2021 -6.94% -8.68%
2020 -7.78% -8.07%
2019 -2.52% -5.49%
2018 -2.52% -5.09%
2017 -3.14% -4.99%
2016 -3.21% -9.3%
2015 -0.75% -8.3%
2014 -3.88% -6.44%
2013 -2.16% -4.69%
2012 -3.11% -3.1%
2011 -2.13% -7.09%
2010 -1.88% -4.98%
2009 -2.5% -0.4%
2008 -2.78% 3.48%
2007 -3.35% 6.01%
2006 -6.16% 3.41%
2005 -6.54% -0.31%
2004 -2.88% -2.67%
2003 -4.81% -4.47%
2002 -2.42% -1.38%
2001 -3.71% -2.01%
2000 -2.27% -0.79%
1999 -0.47% -1.88%
1998 -2.67% -2.76%
1997 -1.7% -2.38%
1996 - -3.7%
1995 - -1.74%
1994 - -0.57%
1993 - -2.73%
1992 - -2.55%
1991 - -1.59%
1990 - 1.08%

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

GeoRank.org/economy/guyana/namibia | 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 Namibia's deficit of $974M, or 6.46% of GDP.

Over the past 29 years, Guyana recorded a fiscal deficit in 29 of those years, while Namibia ran a deficit in 26 years. On average, Guyana posted an annual deficit equal to 3.64% of GDP, compared to deficit of 3.52% of GDP for Namibia.

Inflation comparison by year

Inflation
Guyana

Namibia
1x
Year Consumer prices inflation
Guyana Namibia
2025 3.3% 3.5%
2024 2.9% 4.2%
2023 2.8% 5.9%
2022 6.9% 6.1%
2021 4.5% 3.6%
2020 0.7% 2.2%
2019 2.1% 3.7%
2018 1.3% 4.3%
2017 1.9% 6.1%
2016 0.8% 6.7%
2015 -0.9% 3.4%
2014 0.7% 5.3%
2013 1.9% 5.6%
2012 2.4% 6.7%
2011 4.4% 5%
2010 4.3% 4.9%
2009 3% 9.5%
2008 8.1% 9.1%
2007 12.2% 6.5%
2006 6.7% 5%
2005 6.9% 2.3%
2004 4.7% 4.1%
2003 6% 7.2%
2002 5.4% 12.7%
2001 2.6% 10.2%
2000 6.1% 10.2%
1999 7.5% 9.4%
1998 4.6% 6.6%
1997 3.6% 9.7%

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

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

Over the past 29 years, Guyana has recorded an average annual inflation rate of 4.05%, compared with 6.2% in Namibia. In 2025, inflation was 3.3% in Guyana and 3.5% in Namibia.

Top exports between countries

Guyana
Export category Export value
Machinery & equipment $423K
Textiles & consumer goods $26K
Metals $7K
Animal & marine products $3K
Chemicals & pharma $3K
Raw materials & minerals $1K
Namibia
Export category Export value
Wood & paper products $185K
Machinery & equipment $16K
Processed food, beverages & tobacco $5K
Chemicals & pharma $3K
Metals $3K

Balance of trade

Guyana Namibia
Current account balance
$2.35B
2023
-$1.83B
2024
Current account balance ranking
42/190
2023
138/190
2024
Current account balance, % of GDP
+13.9%
2023
-13.4%
2024
Goods imports
$6B
2023
$6.77B
2024
Goods exports
$13.2B
2023
$4.67B
2024
Service imports
$4.95B
2023
$2.47B
2024
Service exports
$529M
2023
$1.29B
2024
Imports of goods and services, % of GDP
109.7%
2005
63.9%
2025
Exports of goods and services, % of GDP
84.6%
2005
44.7%
2025

Economic freedom indices

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

Guyana Namibia
Economic freedom 58.7 60.2
Economic freedom ranking 109/197 95/197
Property rights 46.7 63.1
Government integrity 38.8 51.5
Judicial effectiveness 48.6 67.2
Tax burden 76.4 66.4
Government spending 85 57.1
Fiscal health 39.9 60.5
Business freedom 70.9 58
Labor freedom 76 62.7
Monetary freedom 78.5 76.1
Trade freedom 59.2 69.8
Investment freedom 55 50
Financial freedom 30 40

Economic freedom comparison by year

Guyana
Namibia
1x
Year Economic freedom index
Guyana Namibia
2026 58.7 60.2
2025 58.2 58.7
2024 57.3 57.5
2023 56.9 57.7
2022 59.5 59.2
2021 57.4 62.6
2020 56.2 60.9
2019 56.8 58.7
2018 58.7 58.5
2017 58.5 62.5
2016 55.4 61.9
2015 55.5 59.6
2014 55.7 59.4
2013 53.8 60.3
2012 51.3 61.9
2011 49.4 62.7
2010 48.4 62.2
2009 48.4 62.4
2008 48.8 61.4
2007 53.7 63.5
2006 56.6 60.7
2005 56.5 61.4
2004 53 62.4
2003 50.3 67.3
2002 54.3 65.1
2001 53.3 64.8
2000 52.4 66.7
1999 53.3 66.1
1998 52.7 66.1
1997 53.2 61.6
1996 50.1 -
1995 45.7 -

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

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

The Economic Freedom Index for Guyana is 58.7, ranking 109/197, compared to 60.2 for Namibia, ranking 95/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guyana Namibia
Services, % of GDP
14.8%
2025
55%
2025
Industry, % of GDP
75.1%
2025
28.9%
2025
Agriculture, forestry, and fishing, % of GDP
7.73%
2025
6.99%
2025
GNI, Atlas method
$23.8B
2025
$13.4B
2025
GNI per capita, PPP
$80,300
2025
$11,260
2025
Total reserves including gold
$1.36B
2025
$3.1B
2025
Total reserves ranking
136/177
2025
119/177
2025
Net foreign direct investment
$1.14B
2023
-$1.89B
2024
Net inflows of foreign direct investment
$8.63B
2024
$1.93B
2024
Net outflows of foreign direct investment
$5.7M
2024
$44.4M
2024
Servicing debt to the IMF, % of GNI
2.84%
2024
n/a
Poverty at national poverty lines
35%
2020
17.4%
2015
Gross capital formation, % of GDP
32.3%
2005
18.7%
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/namibia | 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. TradeMap (2021–2025, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1990–1992, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. 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.