Skip to content

Economy of Guyana vs Qatar compared: GDP & Debt

Updated on by Georank team

Guyana has a GDP of $24.7B compared to $219B for Qatar, ranking 120/197 and 56/197 by economy size, respectively.

Guyana has $5.99B in government debt (24.3% of GDP), compared to $90.2B (41.2% of GDP) in Qatar.

Guyana vs Qatar GDP by year

Guyana
Qatar
1x
Year GDP, current $
Guyana Qatar
2024 $24,662,709,832 $219,162,637,363
2023 $16,918,503,597 $217,308,516,484
2022 $14,718,388,489 $235,709,340,659
2021 $8,041,362,110 $179,732,142,857
2020 $5,471,256,595 $144,411,538,462
2019 $5,173,760,192 $176,371,428,571
2018 $4,787,636,998 $183,335,164,835
2017 $4,748,174,334 $161,099,175,824
2016 $4,482,697,337 $151,732,142,857
2015 $4,279,840,194 $161,739,835,165
2014 $4,127,660,152 $206,224,725,275
2013 $4,167,800,929 $198,727,747,253
2012 $4,063,088,536 $186,833,516,484
2011 $3,691,384,318 $167,775,274,725
2010 $3,432,912,517 $123,627,197,802
2009 $3,165,663,153 $97,798,351,648
2008 $3,025,187,433 $115,270,054,945
2007 $2,730,971,595 $79,712,087,912
2006 $2,379,817,991 $60,882,142,857
2005 $824,880,550 $44,530,494,505
2004 $787,814,379 $31,734,065,934
2003 $743,063,950 $23,533,791,209
2002 $726,131,435 $19,363,736,264
2001 $712,167,450 $17,538,461,538
2000 $712,667,897 $17,759,890,110
1999 $694,754,988 $12,393,131,868
1998 $717,530,683 $10,255,495,027
1997 $749,138,010 $11,297,802,115
1996 $705,406,001 $9,059,340,385
1995 $621,626,786 $8,137,911,978
1994 $540,874,934 $7,374,450,769
1993 $454,101,382 $7,156,593,654
1992 $373,573,141 $7,646,153,984
1991 $348,533,095 $6,883,516,484
1990 $396,582,263 $7,360,439,423
1989 $379,779,390 $6,487,912,088
1988 $413,799,990 $6,038,187,033
1987 $354,591,847 $5,446,428,681
1986 $504,651,140 $5,053,021,951
1985 $453,488,372 $6,153,296,456
1984 $437,631,605 $6,704,395,824
1983 $489,333,333 $6,467,582,308
1982 $482,000,000 $7,596,703,214
1981 $570,357,107 $8,661,263,764
1980 $603,200,000 $7,829,165,262
1979 $530,440,000 $5,632,962,997
1978 $507,080,000 $4,052,000,413
1977 $449,880,000 $3,617,564,638
1976 $454,440,000 $3,284,273,987
1975 $494,791,667 $2,512,773,166
1974 $433,954,545 $2,401,403,227
1973 $307,047,619 $793,885,560
1972 $285,380,952 $510,262,500
1971 $282,050,000 $387,703,106
1970 $267,800,000 $301,791,302
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/qatar | CC BY

GDP per capita in Guyana vs Qatar by year

Guyana
GDP per capita

GDP per capita, PPP
Qatar
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guyana Qatar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,675 $80,155 $76,689 $126,046
2023 $20,474 $54,729 $81,817 $129,368
2022 $17,913 $39,711 $88,701 $122,921
2021 $9,861 $22,866 $71,752 $116,833
2020 $6,776 $16,819 $51,684 $82,149
2019 $6,406 $13,241 $66,841 $107,503
2018 $6,048 $12,443 $71,040 $110,033
2017 $6,179 $12,243 $63,280 $99,358
2016 $5,871 $11,516 $61,254 $89,935
2015 $5,640 $11,408 $68,985 $102,546
2014 $5,473 $11,145 $95,841 $148,389
2013 $5,557 $11,200 $103,697 $169,203
2012 $5,444 $10,627 $108,470 $180,939
2011 $4,947 $10,066 $103,262 $174,620
2010 $4,582 $9,337 $76,463 $151,646
2009 $4,209 $8,824 $60,786 $125,898
2008 $4,009 $8,437 $80,781 $126,015
2007 $3,608 $8,110 $65,954 $124,056
2006 $3,136 $7,346 $62,582 $127,181
2005 $1,084 $6,761 $53,950 $115,250
2004 $1,033 $6,673 $41,036 $110,958
2003 $974 $6,392 $31,602 $94,120
2002 $951 $6,304 $27,227 $93,177
2001 $932 $6,131 $25,871 $89,805
2000 $932 $5,860 $27,535 $88,849
1999 $909 $5,812 $20,234 $84,690
1998 $940 $5,573 $17,665 $84,486
1997 $983 $5,615 $20,523 $79,219
1996 $928 $5,210 $17,125 $62,331
1995 $820 $4,753 $15,823 $60,321
1994 $716 $4,447 $14,765 $59,415
1993 $603 $4,027 $14,770 $59,125
1992 $498 $3,651 $16,280 $60,387
1991 $466 $3,322 $15,133 $54,759
1990 $529 $3,022 $16,722 $55,659
1989 $503 - $15,243 -
1988 $545 - $14,682 -
1987 $464 - $13,719 -
1986 $657 - $13,213 -
1985 $588 - $16,815 -
1984 $565 - $19,272 -
1983 $631 - $19,616 -
1982 $621 - $24,385 -
1981 $735 - $29,505 -
1980 $779 - $28,375 -
1979 $689 - $21,777 -
1978 $663 - $16,757 -
1977 $593 - $16,058 -
1976 $604 - $15,710 -
1975 $664 - $13,014 -
1974 $588 - $13,540 -
1973 $421 - $4,905 -
1972 $395 - $3,483 -
1971 $396 - $2,952 -
1970 $381 - $2,594 -
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).

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

Guyana's GDP per capita is $29,675, ranking 41/197, compared to $76,689 in Qatar, ranking 11/197. Adjusted for purchasing power (GDP per capita PPP), Guyana ranks 15th at $80,155, while Qatar ranks 5th at $126,046.

Economic indicators

Guyana Qatar
Gross domestic product
$24.7B
2024
$219B
2024
GDP rank
120/197
2024
56/197
2024
GDP growth
43.8%
2023-2024
2.36%
2023-2024
GDP per capita
$29,675
2024
$76,689
2024
GDP per capita rank
41/197
2024
11/197
2024
GDP per capita, PPP
$80,155
2024
$126,046
2024
GDP per capita PPP rank
15/197
2024
5/197
2024
Government debt
$5.99B
2024
$90.2B
2024
Debt-to-GDP ratio
24.3%
2024
41.2%
2024
Government debt per person
$7,213
2024
$31,579
2024
Government debt per person rank
66/185
2024
23/185
2024
Average annual personal income after taxes
$13,212
2026
$35,660
2026
Market capitalization of domestic companies n/a
$170M
2024
Number of millionaires n/a
26,163
2025
Number of billionaires n/a
2
2025
Income share by richest 10%
34.4%
1998
25.8%
2017
Income share by poorest 10%
1.1%
1998
2.6%
2017
Government expenditure, % of GDP
23.2%
2024
26%
2024
Consumer prices inflation
2.5%
2023-2024
1.27%
2023-2024
Central bank interest rate n/a
4.1%
2025
Unemployment rate
13.2%
2019
0.13%
2022
Population
842249
2999260

Spending and national debt comparison by year

Guyana
Spending

Debt
Qatar
Spending

Debt
1x
Year % of GDP
Guyana Qatar
Government spending Government debt Government spending Government debt
2024 23.2% 24.3% 26% 41.2%
2023 23.7% 26.7% 27.3% 43.7%
2022 20.3% 24.8% 24.3% 42.6%
2021 24.8% 45.7% 29.4% 58.4%
2020 30.5% 59.5% 34.7% 72.6%
2019 28.1% 54% 32.5% 62.1%
2018 27.6% 47.9% 28.9% 52.2%
2017 26.3% 46.1% 34.7% 51.6%
2016 25.2% 44% 40.1% 46.7%
2015 21.7% 42.2% 38.6% 35.5%
2014 23.1% 38.7% 32.3% 24.9%
2013 21.4% 41.4% 28.3% 30.9%
2012 21.8% 44.7% 31% 32.1%
2011 23.5% 51.7% 28.5% 33.5%
2010 23.9% 53.1% 32% 30.4%
2009 25.4% 52.3% 36.4% 36%
2008 24.1% 48.2% 23.5% 11.4%
2007 25.5% 47.7% 29.5% 9.37%
2006 29% 74.5% 29.5% 13.9%
2005 28.4% 90.7% 29% 19.1%
2004 23.7% 91.8% 29.9% 30.1%
2003 23.5% 95.6% 28.5% 38.8%
2002 23.1% 105.1% 31.6% 47.7%
2001 24% 104.6% 32.1% 59.2%
2000 22.9% 97.2% 29.8% 51.6%
1999 17.6% 97.1% 42.4% 81.8%
1998 19.7% 108% 55.1% 76.6%
1997 20.9% 101.3% 47.6% 54.4%
1996 - - 55.2% 57.8%
1995 - - 52.2% 50.2%
1994 - - 59.8% 54.8%
1993 - - 62.8% 46.3%
1992 - - 54.2% 19.9%
1991 - - 57.5% 21.8%
1990 - - 50% 12.6%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Guyana's government spending was $5.72B, accounting for 23.2% of its GDP, while Qatar spent $56.9B, or 26% of GDP.

Debt-to-GDP ratio is 24.3% in Guyana and 41.2% in Qatar, ranking 168/185 and 130/185, respectively.

Government deficit by year

Deficit/surplus
Guyana

Qatar
1x
Year Deficit/surplus, % of GDP
Guyana Qatar
2024 -7.31% 0.69%
2023 -5.78% 5.56%
2022 -5.11% 10.4%
2021 -6.94% 0.24%
2020 -7.78% -2.13%
2019 -2.52% 1%
2018 -2.52% 2.26%
2017 -3.14% -6.82%
2016 -3.21% -9.2%
2015 -0.75% 18.4%
2014 -3.88% 13.4%
2013 -2.16% 19.3%
2012 -3.11% 8.55%
2011 -2.13% 5.24%
2010 -1.88% 4.6%
2009 -2.5% 14.1%
2008 -2.78% 9.49%
2007 -3.35% 10.3%
2006 -6.16% 8.39%
2005 -6.54% 9.8%
2004 -2.88% 17.7%
2003 -4.81% 6.71%
2002 -2.42% 7.89%
2001 -3.71% 4.48%
2000 -2.27% 4.62%
1999 -0.47% -4.35%
1998 -2.67% -7%
1997 -1.7% -9.4%
1996 - -8.73%
1995 - -5.78%
1994 - -11.8%
1993 - -9.53%
1992 - -2.74%
1991 - -2.57%
1990 - 3.23%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Guyana's government deficit, the difference between spending and revenue, was $1.8B, equivalent to 7.31% of GDP. This compares to Qatar's surplus of $1.52B, or 0.69% of GDP.

Over the past 28 years, Guyana recorded a fiscal deficit in 28 of those years, while Qatar ran a deficit in 6 years. On average, Guyana posted an annual deficit equal to 3.59% of GDP, compared to surplus of 5.15% of GDP for Qatar.

Inflation comparison by year

Inflation
Guyana

Qatar
1x
Year Consumer prices inflation
Guyana Qatar
2024 2.5% 1.27%
2023 4.5% 3.03%
2022 6.5% 5%
2021 3.3% 2.3%
2020 1.2% -2.54%
2019 2.1% -0.67%
2018 1.3% 0.26%
2017 1.9% 0.39%
2016 0.8% 2.68%
2015 -0.9% 1.81%
2014 0.7% 3.35%
2013 1.9% 3.22%
2012 2.4% 2.32%
2011 4.4% 1.14%
2010 4.3% -2.43%
2009 3% -4.86%
2008 8.1% 15.1%
2007 12.2% 13.8%
2006 6.7% 11.8%
2005 6.9% 8.81%
2004 4.7% 6.8%
2003 6% 2.26%
2002 5.4% 0.24%
2001 2.6% 1.47%
2000 6.1% 1.65%
1999 7.5% 2.18%
1998 4.6% 2.95%
1997 3.6% 4.83%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Guyana has recorded an average annual inflation rate of 4.08%, compared with 3.15% in Qatar. In 2024, inflation was 2.5% in Guyana and 1.27% in Qatar.

Top exports between countries

Guyana
Export category Export value
Wood & paper products $100K
Chemicals & pharma $40K
Machinery & equipment $33K
Textiles & consumer goods $22K
Raw materials & minerals $12K
Qatar
Export category Export value
Raw materials & minerals $136K
Machinery & equipment $70K

Balance of trade

Guyana Qatar
Current account balance
$2.35B
2023
$37.9B
2024
Current account balance ranking
43/190
2023
16/190
2024
Current account balance, % of GDP
+13.9%
2023
+17.3%
2024
Goods imports
$6B
2023
$32.6B
2024
Goods exports
$13.2B
2023
$95B
2024
Service imports
$4.95B
2023
$37.1B
2024
Service exports
$529M
2023
$30.2B
2024
Imports of goods and services, % of GDP
109.7%
2005
31.6%
2022
Exports of goods and services, % of GDP
84.6%
2005
68.6%
2022

Economic freedom indices

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

Guyana Qatar
Economic freedom 58.7 70.2
Economic freedom ranking 109/197 37/197
Property rights 46.7 66.2
Government integrity 38.8 53.5
Judicial effectiveness 48.6 41.5
Tax burden 76.4 99.9
Government spending 85 79.9
Fiscal health 39.9 96.6
Business freedom 70.9 68
Labor freedom 76 58.5
Monetary freedom 78.5 76
Trade freedom 59.2 81.8
Investment freedom 55 60
Financial freedom 30 60

Economic freedom comparison by year

Guyana
Qatar
1x
Year Economic freedom index
Guyana Qatar
2026 58.7 70.2
2025 58.2 70.2
2024 57.3 68.8
2023 56.9 68.6
2022 59.5 67.7
2021 57.4 72
2020 56.2 72.3
2019 56.8 72.6
2018 58.7 72.6
2017 58.5 73.1
2016 55.4 70.7
2015 55.5 70.8
2014 55.7 71.2
2013 53.8 71.3
2012 51.3 71.3
2011 49.4 70.5
2010 48.4 69
2009 48.4 65.8
2008 48.8 62.2
2007 53.7 62.9
2006 56.6 62.4
2005 56.5 63.5
2004 53 66.5
2003 50.3 65.9
2002 54.3 61.9
2001 53.3 60
2000 52.4 62
1999 53.3 62
1998 52.7 -
1997 53.2 -
1996 50.1 -
1995 45.7 -

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

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

The Economic Freedom Index for Guyana is 58.7, ranking 109/197, compared to 70.2 for Qatar, ranking 37/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guyana Qatar
Services, % of GDP
14.5%
2024
46.1%
2024
Industry, % of GDP
76%
2024
58.2%
2024
Agriculture, forestry, and fishing, % of GDP
7.62%
2024
0.29%
2024
GNI, Atlas method
$16.7B
2024
$221B
2024
GNI per capita, PPP
$52,290
2024
$121,900
2024
Total reserves including gold
$1.01B
2024
$54B
2024
Total reserves ranking
141/177
2024
40/177
2024
Net foreign direct investment
$1.14B
2023
$1.1B
2024
Net inflows of foreign direct investment
$8.63B
2024
$460M
2024
Net outflows of foreign direct investment
$5.7M
2024
$1.56B
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
30.6%
2022

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/qatar | 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 (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2021–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.