Guyana vs North Macedonia: Economic Indicators Comparison

North Macedonia with a GDP of $12.7B ranked the 135th largest economy in the world, while Guyana ranked 162nd with $3.9B. By GDP 5-years average growth and GDP per capita, North Macedonia and Guyana ranked 110th vs 82nd and 100th vs 108th, respectively.

Gross Domestic Product & Income

StatGuyanaNorth Macedonia
GDP$3.9B$12.7B
GDP growth, 1 year3.4%2.7%
GDP growth, 5-years average3.2%2.6%
Population778k2.1M
GDP per capita$5k$6.1k
GDP per capita growth3.59%2.62%
Purchasing Power Parity conversion factor119.6919.38
Price level ratio of PPP conversion factor GDP to market exchange rate0.580.37
GDP per capita, PPP adjusted$8.5k$16k
GNI, Atlas method$3.7B$11.4B
GNI per capita$4.8k$5.5k
GNI, PPP adjusted$6.6B$32.6B
GNI per capita, PPP adjusted$8.4k$16k

Financial system and Human development

StatGuyanaNorth Macedonia
Income Tax Rate33.3%10%
Corporate Tax Rate40%10%
Inflation, consumer prices1.3%1.5%
Inflation, GDP deflator5.4%4.3%
Unemployment12.2%21.6%
Economic Freedom Index56.269.5
Personal Freedom Index6.928.17
Human Freedom Index6.687.55
Property Rights Index53.662.5
Judical Effectiveness Index42.642.7
Business Freedom Index58.980.6
Fiscal Health Index58.687.7
Labor Freedom Index62.167
Investment Freedom Index5565
Financial Freedom Index3060
Trade Freedom Index66.886.2
Monetary Freedom Index82.577.7
Government Spending Index64.471
Tax Burden Index6691.5
Government Integrity Index34.142.2
Corruption Perceptions Index3737
Life expectancy at birth, years69.675.6
Suicide mortality rate, per 100,000 people29.27.9
Mortality caused by road traffic injury, per 100,000 people24.66.4
Intentional homicides, per 100,000 people14.81.5
International tourism, number of arrivals287k707k

Government debt & reserves

StatGuyanaNorth Macedonia
Central government debt, % of GDP57%39.5%
External debt stocks, % of GNI44.6%72%
External debt stocks$1.6B$8.7B
Short-term debt, % of total reserves24.1%40.9%
Total debt service, % of exports and primary income5%16.6%
Adjusted net savings including particulate emission damage, % of GNI14.1%15.4%
Gross savings, % of GDP35.3%33%
Gross capital formation, % of GDP37.5%33%
Total reserves including gold$518.5M$3.3B
Foreign direct investment net inflows$1.2B$648.7M

Exports, imports and economic structure

StatGuyanaNorth Macedonia
Exports of goods and services, % of GDP35.5%60.3%
Imports of goods and services, % of GDP47.1%72.9%
Current account balance (balance of payments)-$1.1B-$25.6M
Revenue excluding grants, % of GDPN/A26.8%
Grants excluding technical cooperation, BoP$43.5M$133.8M
Personal remittances received$333.7M$344.5M
Industry including construction value added, % of GDP35.2%23.6%
Agriculture, forestry and fishing value added, % of GDP12.7%7.2%
Charges for the use of intellectual property, payments BoP$5.3M$188.8M
Charges for the use of intellectual property, receipts BoP$169k$11.8M
Expense, % of GDPN/A27.9%
Government Expenditure, % of GDP34.5%31.1%

Compare with countries close by GDP per capita

Guyana vs

CountryGDP
per capita
Population
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k

North Macedonia vs

CountryGDP
per capita
Population
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k