Skip to content

Economy of Guyana vs North Macedonia compared: GDP & Debt

Updated on by Georank

Guyana has a GDP of $27.1B compared to $19.1B for North Macedonia, ranking 120/197 and 137/197 by economy size, respectively.

Guyana has $7.74B in government debt (28.6% of GDP), compared to $10B (52.5% of GDP) in North Macedonia.

Guyana vs North Macedonia GDP by year

Guyana
North Macedonia
1x
Year GDP, current $
Guyana North Macedonia
2025 $27,097,477,218 $19,101,199,817
2024 $24,662,714,628 $16,951,682,221
2023 $16,918,503,597 $15,855,131,189
2022 $14,718,388,489 $13,932,436,550
2021 $8,041,362,110 $14,000,283,827
2020 $5,471,256,595 $12,361,036,914
2019 $5,173,760,192 $12,606,338,449
2018 $4,787,636,998 $12,683,068,114
2017 $4,748,174,334 $11,307,067,070
2016 $4,482,697,337 $10,672,467,073
2015 $4,279,840,194 $10,064,519,963
2014 $4,127,660,152 $11,362,265,253
2013 $4,167,800,929 $10,817,702,346
2012 $4,063,088,536 $9,745,261,301
2011 $3,691,384,318 $10,494,626,768
2010 $3,432,912,517 $9,407,170,321
2009 $3,165,663,153 $9,401,736,825
2008 $3,025,187,433 $9,909,552,435
2007 $2,730,971,595 $8,336,474,974
2006 $2,379,817,991 $6,861,226,972
2005 $824,880,550 $6,258,602,873
2004 $787,814,379 $5,682,784,472
2003 $743,063,950 $4,946,296,599
2002 $726,131,435 $4,018,365,747
2001 $712,167,450 $3,709,636,031
2000 $712,667,897 $3,772,859,034
1999 $694,754,988 $3,863,619,285
1998 $717,530,683 $3,765,745,023
1997 $749,138,010 $3,912,986,091
1996 $705,406,001 $4,642,021,256
1995 $621,626,786 $4,707,041,315
1994 $545,278,380 $3,559,608,640
1993 $454,101,382 $2,682,456,897
1992 $373,573,141 $2,436,849,342
1991 $348,533,095 $4,938,775,510
1990 $396,582,263 $4,699,646,643
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/north-macedonia | CC BY

GDP per capita in Guyana vs North Macedonia by year

Guyana
GDP per capita

GDP per capita, PPP
North Macedonia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guyana North Macedonia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $32,414 - $10,490 -
2024 $29,675 $80,155 $9,292 $26,995
2023 $20,474 $54,729 $8,674 $25,354
2022 $17,913 $39,711 $7,606 $24,212
2021 $9,861 $22,866 $7,621 $22,144
2020 $6,776 $16,819 $6,660 $19,962
2019 $6,406 $13,241 $6,719 $20,223
2018 $6,048 $12,443 $6,714 $18,460
2017 $6,179 $12,243 $5,955 $17,161
2016 $5,871 $11,516 $5,598 $16,458
2015 $5,640 $11,408 $5,263 $15,034
2014 $5,473 $11,145 $5,925 $14,485
2013 $5,557 $11,200 $5,626 $13,663
2012 $5,444 $10,627 $5,050 $12,726
2011 $4,947 $10,066 $5,417 $12,421
2010 $4,582 $9,337 $4,833 $11,992
2009 $4,209 $8,824 $4,800 $11,532
2008 $4,009 $8,437 $5,026 $10,924
2007 $3,608 $8,110 $4,204 $9,639
2006 $3,136 $7,346 $3,440 $8,888
2005 $1,084 $6,761 $3,121 $7,972
2004 $1,033 $6,673 $2,819 $7,229
2003 $974 $6,392 $2,445 $6,608
2002 $951 $6,304 $1,989 $6,395
2001 $932 $6,131 $1,823 $6,051
2000 $932 $5,860 $1,862 $6,154
1999 $909 $5,812 $1,915 $5,724
1998 $940 $5,573 $1,876 $5,448
1997 $983 $5,615 $1,960 $5,227
1996 $928 $5,210 $2,307 $5,026
1995 $820 $4,753 $2,355 $4,912
1994 $721 $4,447 $1,786 $4,880
1993 $603 $4,027 $1,337 $4,829
1992 $498 $3,651 $1,199 $5,033
1991 $466 $3,322 $2,402 $5,207
1990 $529 $3,022 $2,277 $5,348
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/north-macedonia | CC BY

Guyana's GDP per capita is $32,414, ranking 40/197, compared to $10,490 in North Macedonia, ranking 86/197. Adjusted for purchasing power (GDP per capita PPP), Guyana ranks 15th at $80,155, while North Macedonia ranks 78th at $26,995.

Economic indicators

Guyana North Macedonia
Gross domestic product
$27.1B
2025
$19.1B
2025
GDP rank
120/197
2025
137/197
2025
GDP growth
19.3%
2024-2025
3.49%
2024-2025
GDP per capita
$32,414
2025
$10,490
2025
GDP per capita rank
40/197
2025
86/197
2025
GDP per capita, PPP
$80,155
2024
$26,995
2024
GDP per capita PPP rank
15/197
2024
78/197
2024
Government debt
$7.74B
2025
$10B
2025
Debt-to-GDP ratio
28.6%
2025
52.5%
2025
Government debt per person
$9,255
2025
$5,510
2025
Government debt per person rank
63/185
2025
78/185
2025
Average annual personal income after taxes
$13,307
2026
$9,326
2026
Income share by richest 10%
34.4%
1998
22.9%
2019
Income share by poorest 10%
1.1%
1998
1.9%
2019
Government expenditure, % of GDP
23.9%
2025
36.2%
2025
Consumer prices inflation
3.3%
2024-2025
4.1%
2024-2025
Central bank interest rate n/a
5.35%
2025
Unemployment rate
14.7%
2021
11.5%
2025
Population
843423
1811466

Spending and national debt comparison by year

Guyana
Spending

Debt
North Macedonia
Spending

Debt
1x
Year % of GDP
Guyana North Macedonia
Government spending Government debt Government spending Government debt
2025 23.9% 28.6% 36.2% 52.5%
2024 23.3% 24.3% 36.1% 52.9%
2023 23.7% 26.7% 35.3% 50.5%
2022 20.4% 24.8% 35% 50.4%
2021 24.8% 38.9% 35.3% 52.7%
2020 30.5% 47.4% 36.4% 50.8%
2019 28.1% 34.2% 31.4% 40.4%
2018 27.6% 37.4% 30.3% 40.4%
2017 26.3% 35.2% 31.8% 39.4%
2016 25.2% 35.7% 31.1% 39.7%
2015 21.7% 42.2% 32.2% 38%
2014 23.1% 38.7% 31.7% 38%
2013 21.4% 41.4% 31.7% 34%
2012 21.8% 44.7% 33.3% 33.7%
2011 23.5% 51.7% 31.9% 27.7%
2010 23.9% 53.1% 32.5% 24.3%
2009 25.4% 52.3% 33.6% 23.7%
2008 24.1% 48.2% 33.8% 20.6%
2007 25.5% 47.7% 31.4% 23.5%
2006 29% 74.5% 31.5% 30.6%
2005 28.4% 90.7% 32.5% 36.7%
2004 23.7% 91.8% 34.1% 34.6%
2003 23.5% 95.6% 36% 36.5%
2002 23.1% 105.1% 38.2% 40.5%
2001 24% 104.6% 37.4% 45.2%
2000 22.9% 97.2% 32% 45.6%
1999 17.6% 97.1% 32.5% 29.8%
1998 19.7% 108% 32.2% 33.1%
1997 20.9% 101.3% 32.3% 29.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1997–1998, retrieved 2026-07-08).

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

In 2025, Guyana's government spending was $6.48B, accounting for 23.9% of its GDP, while North Macedonia spent $6.91B, or 36.2% of GDP.

Debt-to-GDP ratio is 28.6% in Guyana and 52.5% in North Macedonia, ranking 160/185 and 97/185, respectively.

Government deficit by year

Deficit/surplus
Guyana

North Macedonia
1x
Year Deficit/surplus, % of GDP
Guyana North Macedonia
2025 -5.37% -4.01%
2024 -7.27% -4.38%
2023 -5.62% -4.59%
2022 -5.1% -5.23%
2021 -6.94% -5.32%
2020 -7.78% -8.05%
2019 -2.52% -1.97%
2018 -2.52% -1.76%
2017 -3.14% -2.73%
2016 -3.21% -2.7%
2015 -0.75% -3.48%
2014 -3.88% -4.19%
2013 -2.16% -3.84%
2012 -3.11% -3.81%
2011 -2.13% -2.47%
2010 -1.88% -2.41%
2009 -2.5% -2.63%
2008 -2.78% -0.93%
2007 -3.35% 0.58%
2006 -6.16% -0.51%
2005 -6.54% 0.21%
2004 -2.88% 0.37%
2003 -4.81% -0.07%
2002 -2.42% -5.24%
2001 -3.71% -5.88%
2000 -2.27% 2.37%
1999 -0.47% 0.03%
1998 -2.67% -1.59%
1997 -1.7% -0.35%

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

GeoRank.org/economy/guyana/north-macedonia | 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 North Macedonia's deficit of $766M, or 4.01% of GDP.

Over the past 29 years, Guyana recorded a fiscal deficit in 29 of those years, while North Macedonia ran a deficit in 24 years. On average, Guyana posted an annual deficit equal to 3.64% of GDP, compared to deficit of 2.57% of GDP for North Macedonia.

Inflation comparison by year

Inflation
Guyana

North Macedonia
1x
Year Consumer prices inflation
Guyana North Macedonia
2025 3.3% 4.1%
2024 2.9% 3.5%
2023 2.8% 9.4%
2022 6.9% 14.2%
2021 4.5% 3.2%
2020 0.7% 1.2%
2019 2.1% 0.8%
2018 1.3% 1.5%
2017 1.9% 1.4%
2016 0.8% -0.2%
2015 -0.9% -0.2%
2014 0.7% -0.3%
2013 1.9% 2.8%
2012 2.4% 3.3%
2011 4.4% 3.9%
2010 4.3% 1.5%
2009 3% -0.8%
2008 8.1% 7.2%
2007 12.2% 2.8%
2006 6.7% 3.3%
2005 6.9% 0%
2004 4.7% -0.4%
2003 6% 1.1%
2002 5.4% 1.7%
2001 2.6% 5.1%
2000 6.1% 6.6%
1999 7.5% -1.3%
1998 4.6% 0.5%
1997 3.6% 1.3%

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

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

Over the past 29 years, Guyana has recorded an average annual inflation rate of 4.05%, compared with 2.66% in North Macedonia. In 2025, inflation was 3.3% in Guyana and 4.1% in North Macedonia.

Top exports between countries

Guyana
Export category Export value
North Macedonia
Export category Export value
Machinery & equipment $34K
Wood & paper products $32K
Miscellaneous $8K
Raw materials & minerals $2K

Balance of trade

Guyana North Macedonia
Current account balance
$2.35B
2023
-$815M
2025
Current account balance ranking
42/190
2023
112/190
2025
Current account balance, % of GDP
+13.9%
2023
-4.27%
2025
Goods imports
$6B
2023
$11.7B
2025
Goods exports
$13.2B
2023
$7.87B
2025
Service imports
$4.95B
2023
$2.4B
2025
Service exports
$529M
2023
$3.55B
2025
Imports of goods and services, % of GDP
109.7%
2005
73.4%
2025
Exports of goods and services, % of GDP
84.6%
2005
59.6%
2025

Economic freedom indices

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

Guyana North Macedonia
Economic freedom 58.7 63.3
Economic freedom ranking 109/197 81/197
Property rights 46.7 56.2
Government integrity 38.8 43.2
Judicial effectiveness 48.6 49.5
Tax burden 76.4 94.9
Government spending 85 61.7
Fiscal health 39.9 57.7
Business freedom 70.9 72.2
Labor freedom 76 51.4
Monetary freedom 78.5 69.6
Trade freedom 59.2 77.8
Investment freedom 55 65
Financial freedom 30 60

Economic freedom comparison by year

Guyana
North Macedonia
1x
Year Economic freedom index
Guyana North Macedonia
2026 58.7 63.3
2025 58.2 63.2
2024 57.3 61.4
2023 56.9 63.7
2022 59.5 65.7
2021 57.4 68.6
2020 56.2 69.5
2019 56.8 71.1
2018 58.7 71.3
2017 58.5 70.7
2016 55.4 67.5
2015 55.5 67.1
2014 55.7 68.6
2013 53.8 68.2
2012 51.3 68.5
2011 49.4 66
2010 48.4 65.7
2009 48.4 61.2
2008 48.8 61.1
2007 53.7 60.6
2006 56.6 59.2
2005 56.5 56.1
2004 53 56.8
2003 50.3 60.1
2002 54.3 58
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/north-macedonia | CC BY

The Economic Freedom Index for Guyana is 58.7, ranking 109/197, compared to 63.3 for North Macedonia, ranking 81/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guyana North Macedonia
Services, % of GDP
14.8%
2025
57%
2025
Industry, % of GDP
75.1%
2025
24.1%
2025
Agriculture, forestry, and fishing, % of GDP
7.73%
2025
5.98%
2025
GNI, Atlas method
$23.8B
2025
$17.3B
2025
GNI per capita, PPP
$80,300
2025
$26,680
2025
Total reserves including gold
$1.36B
2025
$5.8B
2025
Total reserves ranking
136/177
2025
98/177
2025
Net foreign direct investment
$1.14B
2023
-$276M
2025
Net inflows of foreign direct investment
$8.63B
2024
$1.06B
2024
Net outflows of foreign direct investment
$5.7M
2024
-$64.9M
2024
Servicing debt to the IMF, % of GNI
2.84%
2024
9.59%
2024
Poverty at national poverty lines
35%
2020
21.9%
2023
Gross capital formation, % of GDP
32.3%
2005
31.7%
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/north-macedonia | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

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. TradeMap (2023–2024, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1997–1998, 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.