Guyana vs Norway: Economic Indicators Comparison

Norway with a GDP of $434.2B ranked the 30th largest economy in the world, while Guyana ranked 162nd with $3.9B. By GDP 5-years average growth and GDP per capita, Norway and Guyana ranked 142nd vs 82nd and 5th vs 108th, respectively.

Gross Domestic Product & Income

StatGuyanaNorway
GDP$3.9B$434.2B
GDP growth, 1 year3.4%1.4%
GDP growth, 5-years average3.2%1.7%
Population778k5.4M
GDP per capita$5k$82k
GDP per capita growth3.59%0.58%
Purchasing Power Parity conversion factor119.6910.14
Price level ratio of PPP conversion factor GDP to market exchange rate0.581.25
GDP per capita, PPP adjusted$8.5k$74k
GNI, Atlas method$3.7B$428.4B
GNI per capita$4.8k$81k
GNI, PPP adjusted$6.6B$363B
GNI per capita, PPP adjusted$8.4k$68k

Financial system and Human development

StatGuyanaNorway
Income Tax Rate33.3%47.8%
Corporate Tax Rate40%22%
Inflation, consumer prices1.3%2.8%
Inflation, GDP deflator5.4%5.8%
Unemployment12.2%3.9%
Economic Freedom Index56.273.4
Personal Freedom Index6.929.55
Human Freedom Index6.688.61
Property Rights Index53.684.3
Judical Effectiveness Index42.682.8
Business Freedom Index58.986.1
Fiscal Health Index58.697.3
Labor Freedom Index62.157.4
Investment Freedom Index5575
Financial Freedom Index3060
Trade Freedom Index66.883.8
Monetary Freedom Index82.574.8
Government Spending Index64.425.6
Tax Burden Index6657.7
Government Integrity Index34.195.6
Corruption Perceptions Index3784
Life expectancy at birth, years69.682.5
Suicide mortality rate, per 100,000 people29.212.2
Mortality caused by road traffic injury, per 100,000 people24.62.7
Intentional homicides, per 100,000 people14.80.5
International tourism, number of arrivals287k5.7M

Government debt & reserves

StatGuyanaNorway
Central government debt, % of GDP57%36.8%
External debt stocks, % of GNI44.6%N/A
External debt stocks$1.6BN/A
Short-term debt, % of total reserves24.1%N/A
Total debt service, % of exports and primary income5%N/A
Adjusted net savings including particulate emission damage, % of GNI14.1%16.9%
Gross savings, % of GDP35.3%35.9%
Gross capital formation, % of GDP37.5%27.3%
Total reserves including gold$518.5M$63.1B
Foreign direct investment net inflows$1.2B-$17.4B

Exports, imports and economic structure

StatGuyanaNorway
Exports of goods and services, % of GDP35.5%38.4%
Imports of goods and services, % of GDP47.1%32.6%
Current account balance (balance of payments)-$1.1B$31.4B
Revenue excluding grants, % of GDPN/A47.4%
Grants excluding technical cooperation, BoP$43.5MN/A
Personal remittances received$333.7M$644.3M
Industry including construction value added, % of GDP35.2%32%
Agriculture, forestry and fishing value added, % of GDP12.7%1.9%
Charges for the use of intellectual property, payments BoP$5.3M$768.9M
Charges for the use of intellectual property, receipts BoP$169k$515.2M
Expense, % of GDPN/A37.7%
Government Expenditure, % of GDP34.5%49.8%

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
North Macedonia
$6.1k
2.08M
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

Norway vs

CountryGDP
per capita
Population
Monaco
$186k
38.7k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k