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Economy of Guyana vs North Korea compared: GDP & Debt

Updated on by Georank team

Guyana has a GDP of $24.7B compared to $34.9B for North Korea, ranking 120/197 and 106/197 by economy size, respectively.

Guyana vs North Korea GDP by year

Guyana
North Korea
1x
Year GDP, current $
Guyana North Korea
2024 $24,662,709,832 $34,943,120,000
2023 $16,918,503,597 $32,155,360,000
2022 $14,718,388,489 $28,971,360,000
2021 $8,041,362,110 $32,301,720,000
2020 $5,471,256,595 $27,728,240,000
2019 $5,173,760,192 $28,222,880,000
2018 $4,787,636,998 $28,536,400,000
2017 $4,748,174,334 $29,105,440,000
2016 $4,482,697,337 $28,882,640,000
2015 $4,279,840,194 $30,723,030,000
2014 $4,127,660,152 $30,554,460,000
2013 $4,167,800,929 $30,588,922,000
2012 $4,063,088,536 $29,890,710,000
2011 $3,691,384,318 $29,005,020,000
2010 $3,432,912,517 $25,995,513,000
2009 $3,165,663,153 $23,356,470,000
2008 $3,025,187,433 -
2007 $2,730,971,595 -
2006 $2,379,817,991 -
2005 $824,880,550 -
2004 $787,814,379 -
2003 $743,063,950 -
2002 $726,131,435 -
2001 $712,167,450 -
2000 $712,667,897 -
1999 $694,754,988 -
1998 $717,530,683 -
1997 $749,138,010 -
1996 $705,406,001 -
1995 $621,626,786 -
1994 $540,874,934 -
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 (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/guyana/north-korea | CC BY

GDP per capita in Guyana vs North Korea by year

Guyana
GDP per capita

GDP per capita, PPP
North Korea
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guyana North Korea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,675 $80,155 $1,319 -
2023 $20,474 $54,729 $1,217 -
2022 $17,913 $39,711 $1,100 -
2021 $9,861 $22,866 $1,231 -
2020 $6,776 $16,819 $1,061 -
2019 $6,406 $13,241 $1,084 -
2018 $6,048 $12,443 $1,100 -
2017 $6,179 $12,243 $1,127 -
2016 $5,871 $11,516 $1,124 -
2015 $5,640 $11,408 $1,201 $1,700
2014 $5,473 $11,145 $1,201 $1,800
2013 $5,557 $11,200 $1,208 -
2012 $5,444 $10,627 $1,186 -
2011 $4,947 $10,066 $1,156 $1,800
2010 $4,582 $9,337 $1,040 -
2009 $4,209 $8,824 $939 $1,800
2008 $4,009 $8,437 - $1,800
2007 $3,608 $8,110 - $1,700
2006 $3,136 $7,346 - $1,800
2005 $1,084 $6,761 - $1,700
2004 $1,033 $6,673 - $1,700
2003 $974 $6,392 - $1,300
2002 $951 $6,304 - $1,000
2001 $932 $6,131 - -
2000 $932 $5,860 - $1,000
1999 $909 $5,812 - $1,000
1998 $940 $5,573 - -
1997 $983 $5,615 - -
1996 $928 $5,210 - -
1995 $820 $4,753 - -
1994 $716 $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 (1960–2024, retrieved 2026-04-06); Central Intelligence Agency (CIA) (1999–2015, retrieved 2026-02-20).

GeoRank.org/economy/guyana/north-korea | CC BY

Guyana's GDP per capita is $29,675, ranking 41/197, compared to $1,319 in North Korea, ranking 168/197. Adjusted for purchasing power (GDP per capita PPP), Guyana ranks 15th at $80,155, while North Korea ranks 193rd at $1,700.

Economic indicators

Guyana North Korea
Gross domestic product
$24.7B
2024
$34.9B
2024
GDP rank
120/197
2024
106/197
2024
GDP growth
43.8%
2023-2024
n/a
GDP per capita
$29,675
2024
$1,319
2024
GDP per capita rank
41/197
2024
168/197
2024
GDP per capita, PPP
$80,155
2024
$1,700
2015
GDP per capita PPP rank
15/197
2024
193/197
2015
Government debt
$5.99B
2024
n/a
Debt-to-GDP ratio
24.3%
2024
n/a
Government debt per person
$7,213
2024
n/a
Government debt per person rank
66/185
2024
n/a
Average annual personal income after taxes
$13,212
2026
$1,426
2026
Income share by richest 10%
34.4%
1998
n/a
Income share by poorest 10%
1.1%
1998
n/a
Government expenditure, % of GDP
23.2%
2024
n/a
Consumer prices inflation
2.5%
2023-2024
n/a
Unemployment rate
13.2%
2019
25.6%
2013
Population
842249
26659144

Top exports between countries

Guyana
Export category Export value
Animal & marine products $42K
Metals $27K
Raw materials & minerals $17K
North Korea
Export category Export value

Balance of trade

Guyana North Korea
Current account balance
$2.35B
2023
n/a
Current account balance ranking
43/190
2023
n/a
Current account balance, % of GDP
+13.9%
2023
n/a
Goods imports
$6B
2023
n/a
Goods exports
$13.2B
2023
n/a
Service imports
$4.95B
2023
n/a
Service exports
$529M
2023
n/a
Imports of goods and services, % of GDP
109.7%
2005
n/a
Exports of goods and services, % of GDP
84.6%
2005
n/a

Economic freedom indices

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

Guyana North Korea
Economic freedom 58.7 3.1
Economic freedom ranking 109/197 197/197
Property rights 46.7 16.3
Government integrity 38.8 4.3
Judicial effectiveness 48.6 6.3
Tax burden 76.4 0
Government spending 85 0
Fiscal health 39.9 0
Business freedom 70.9 5
Labor freedom 76 5
Monetary freedom 78.5 0
Trade freedom 59.2 0
Investment freedom 55 0
Financial freedom 30 0

Economic freedom comparison by year

Guyana
North Korea
1x
Year Economic freedom index
Guyana North Korea
2026 58.7 3.1
2025 58.2 3
2024 57.3 2.9
2023 56.9 2.9
2022 59.5 3
2021 57.4 5.2
2020 56.2 4.2
2019 56.8 5.9
2018 58.7 5.8
2017 58.5 4.9
2016 55.4 2.3
2015 55.5 1.3
2014 55.7 1
2013 53.8 1.5
2012 51.3 1
2011 49.4 1
2010 48.4 1
2009 48.4 2
2008 48.8 3
2007 53.7 3
2006 56.6 4
2005 56.5 8
2004 53 8.9
2003 50.3 8.9
2002 54.3 8.9
2001 53.3 8.9
2000 52.4 8.9
1999 53.3 8.9
1998 52.7 8.9
1997 53.2 8.9
1996 50.1 8.9
1995 45.7 8.9

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

GeoRank.org/economy/guyana/north-korea | CC BY

The Economic Freedom Index for Guyana is 58.7, ranking 109/197, compared to 3.1 for North Korea, ranking 197/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guyana North Korea
Services, % of GDP
14.5%
2024
n/a
Industry, % of GDP
76%
2024
n/a
Agriculture, forestry, and fishing, % of GDP
7.62%
2024
n/a
GNI, Atlas method
$16.7B
2024
n/a
GNI per capita, PPP
$52,290
2024
n/a
Total reserves including gold
$1.01B
2024
n/a
Total reserves ranking
141/177
2024
n/a
Net foreign direct investment
$1.14B
2023
n/a
Net inflows of foreign direct investment
$8.63B
2024
$203K
1989
Net outflows of foreign direct investment
$5.7M
2024
$0
2024
Servicing debt to the IMF, % of GNI
3.73%
2024
n/a
Poverty at national poverty lines
35%
2020
n/a
Gross capital formation, % of GDP
32.3%
2005
n/a

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/north-korea | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  3. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  4. Central Intelligence Agency (CIA) (1999–2020, retrieved 2026-02-20)
  5. International Monetary Fund (IMF) | Fiscal Monitor (2024, retrieved 2026-02-20)
  6. TradeMap (2020–2021, retrieved 2026-02-08)
  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.