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Economy of Guyana vs Tanzania compared: GDP & Debt

Updated on by Georank team

Guyana has a GDP of $24.7B compared to $78.8B for Tanzania, ranking 120/197 and 82/197 by economy size, respectively.

Guyana has $5.99B in government debt (24.3% of GDP), compared to $39.3B (49.9% of GDP) in Tanzania.

Guyana vs Tanzania GDP by year

Guyana
Tanzania
1x
Year GDP, current $
Guyana Tanzania
2024 $24,662,709,832 $78,844,405,385
2023 $16,918,503,597 $79,030,935,627
2022 $14,718,388,489 $75,749,121,843
2021 $8,041,362,110 $70,655,628,148
2020 $5,471,256,595 $66,068,737,786
2019 $5,173,760,192 $61,026,731,926
2018 $4,787,636,998 $57,003,712,892
2017 $4,748,174,334 $53,274,884,533
2016 $4,482,697,337 $49,774,409,374
2015 $4,279,840,194 $47,413,919,817
2014 $4,127,660,152 $49,986,726,461
2013 $4,167,800,929 $45,648,857,242
2012 $4,063,088,536 $39,650,394,363
2011 $3,691,384,318 $34,657,140,096
2010 $3,432,912,517 $32,012,892,919
2009 $3,165,663,153 $29,400,573,554
2008 $3,025,187,433 $27,947,821,398
2007 $2,730,971,595 $21,860,434,823
2006 $2,379,817,991 $18,619,859,795
2005 $824,880,550 $18,395,383,647
2004 $787,814,379 $16,673,062,473
2003 $743,063,950 $15,211,487,709
2002 $726,131,435 $14,129,651,896
2001 $712,167,450 $13,563,990,022
2000 $712,667,897 $13,371,767,082
1999 $694,754,988 $12,704,334,196
1998 $717,530,683 $12,172,790,056
1997 $749,138,010 $11,158,197,942
1996 $705,406,001 $9,433,528,150
1995 $621,626,786 $7,631,431,840
1994 $540,874,934 $6,550,480,484
1993 $454,101,382 $6,182,872,708
1992 $373,573,141 $6,681,997,469
1991 $348,533,095 $7,197,768,159
1990 $396,582,263 $6,184,384,225
1989 $379,779,390 $6,418,799,007
1988 $413,799,990 $7,406,614,407
1987 $354,591,847 $7,824,193,222
1986 $504,651,140 $10,840,864,521
1985 $453,488,372 $15,328,295,175
1984 $437,631,605 $12,906,635,133
1983 $489,333,333 $14,049,883,809
1982 $482,000,000 $13,927,383,240
1981 $570,357,107 $13,161,540,378
1980 $603,200,000 $11,409,228,087
1979 $530,440,000 $9,804,637,491
1978 $507,080,000 $9,261,675,710
1977 $449,880,000 $7,732,598,995
1976 $454,440,000 $6,472,511,988
1975 $494,791,667 $5,729,917,840
1974 $433,954,545 $4,977,337,978
1973 $307,047,619 $4,144,104,535
1972 $285,380,952 $3,472,787,266
1971 $282,050,000 $3,050,673,517
1970 $267,800,000 $2,851,419,386
1969 $249,300,000 $5,142,066,811
1968 $229,750,000 $4,895,251,824
1967 $250,176,471 $4,565,132,048
1966 $228,705,882 $4,377,998,825
1965 $213,235,294 $3,817,226,546
1964 $194,774,513 $3,748,840,925
1963 $175,757,894 $3,456,579,293
1962 $194,949,513 $3,101,589,993
1961 $185,849,535 $2,826,179,031
1960 $170,216,241 $2,651,729,807

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Guyana vs Tanzania by year

Guyana
GDP per capita

GDP per capita, PPP
Tanzania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guyana Tanzania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,675 $80,155 $1,150 $4,221
2023 $20,474 $54,729 $1,186 $4,019
2022 $17,913 $39,711 $1,171 $3,800
2021 $9,861 $22,866 $1,125 $3,493
2020 $6,776 $16,819 $1,084 $3,291
2019 $6,406 $13,241 $1,031 $2,982
2018 $6,048 $12,443 $992 $2,728
2017 $6,179 $12,243 $957 $2,472
2016 $5,871 $11,516 $925 $2,435
2015 $5,640 $11,408 $911 $2,317
2014 $5,473 $11,145 $993 $2,221
2013 $5,557 $11,200 $935 $2,176
2012 $5,444 $10,627 $837 $2,083
2011 $4,947 $10,066 $753 $2,211
2010 $4,582 $9,337 $715 $2,069
2009 $4,209 $8,824 $674 $1,972
2008 $4,009 $8,437 $657 $1,908
2007 $3,608 $8,110 $528 $1,820
2006 $3,136 $7,346 $462 $1,707
2005 $1,084 $6,761 $469 $1,598
2004 $1,033 $6,673 $438 $1,482
2003 $974 $6,392 $410 $1,379
2002 $951 $6,304 $391 $1,302
2001 $932 $6,131 $385 $1,229
2000 $932 $5,860 $390 $1,164
1999 $909 $5,812 $382 $1,120
1998 $940 $5,573 $375 $1,082
1997 $983 $5,615 $353 $1,059
1996 $928 $5,210 $305 $1,026
1995 $820 $4,753 $251.2 $981
1994 $716 $4,447 $222.5 $958
1993 $603 $4,027 $218.2 $959
1992 $498 $3,651 $243.4 $955
1991 $466 $3,322 $268.8 $952
1990 $529 $3,022 $236.9 $925
1989 $503 - $252.3 -
1988 $545 - $299 -
1987 $464 - $326 -
1986 $657 - $466 -
1985 $588 - $681 -
1984 $565 - $593 -
1983 $631 - $667 -
1982 $621 - $683 -
1981 $735 - $665 -
1980 $779 - $595 -
1979 $689 - $527 -
1978 $663 - $515 -
1977 $593 - $446 -
1976 $604 - $387 -
1975 $664 - $355 -
1974 $588 - $320 -
1973 $421 - $276.1 -
1972 $395 - $239.8 -
1971 $396 - $218.4 -
1970 $381 - $211.3 -
1969 $361 - $394 -
1968 $340 - $388 -
1967 $378 - $374 -
1966 $353 - $370 -
1965 $336 - $333 -
1964 $313 - $337 -
1963 $288.8 - $320 -
1962 $327 - $295.7 -
1961 $319 - $277.4 -
1960 $299.1 - $267.8 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Guyana's GDP per capita is $29,675, ranking 41/197, compared to $1,150 in Tanzania, ranking 170/197. Adjusted for purchasing power (GDP per capita PPP), Guyana ranks 15th at $80,155, while Tanzania ranks 165th at $4,221.

Economic indicators

Guyana Tanzania
Gross domestic product
$24.7B
2024
$78.8B
2024
GDP rank
120/197
2024
82/197
2024
GDP growth
43.8%
2023-2024
5.53%
2023-2024
GDP per capita
$29,675
2024
$1,150
2024
GDP per capita rank
41/197
2024
170/197
2024
GDP per capita, PPP
$80,155
2024
$4,221
2024
GDP per capita PPP rank
15/197
2024
165/197
2024
Government debt
$5.99B
2024
$39.3B
2024
Debt-to-GDP ratio
24.3%
2024
49.9%
2024
Government debt per person
$7,213
2024
$573
2024
Government debt per person rank
66/185
2024
160/185
2024
Average annual personal income after taxes
$13,212
2026
$2,309
2026
Market capitalization of domestic companies n/a
$7.32B
2024
Number of billionaires n/a
1
2025
Income share by richest 10%
34.4%
1998
33.1%
2018
Income share by poorest 10%
1.1%
1998
2.9%
2018
Government expenditure, % of GDP
23.2%
2024
19.1%
2024
Consumer prices inflation
2.5%
2023-2024
3.06%
2023-2024
Central bank interest rate n/a
6%
2024
Unemployment rate
13.2%
2019
2.43%
2024
Population
842249
73145892

Spending and national debt comparison by year

Guyana
Spending

Debt
Tanzania
Spending

Debt
1x
Year % of GDP
Guyana Tanzania
Government spending Government debt Government spending Government debt
2024 23.2% 24.3% 19.1% 49.9%
2023 23.7% 26.7% 19% 47.8%
2022 20.3% 24.8% 19.1% 44.9%
2021 24.8% 45.7% 18.4% 43.4%
2020 30.5% 59.5% 17.4% 41.3%
2019 28.1% 54% 17.3% 40.4%
2018 27.6% 47.9% 17.3% 42%
2017 26.3% 46.1% 16.4% 40.1%
2016 25.2% 44% 16.9% 39.8%
2015 21.7% 42.2% 17.2% 39.5%
2014 23.1% 38.7% 17.3% 36.4%
2013 21.4% 41.4% 18.8% 32.7%
2012 21.8% 44.7% 19.6% 30%
2011 23.5% 51.7% 19% 28.4%
2010 23.9% 53.1% 19.8% 27.6%
2009 25.4% 52.3% 19.6% 23.9%
2008 24.1% 48.2% 18.1% 21.6%
2007 25.5% 47.7% 17.8% 23.8%
2006 29% 74.5% 17.6% 17.4%
2005 28.4% 90.7% 18.3% 25.4%
2004 23.7% 91.8% 17% 44.5%
2003 23.5% 95.6% 15.4% 44.4%
2002 23.1% 105.1% 13.6% 47.4%
2001 24% 104.6% 12.4% 50.8%
2000 22.9% 97.2% 12.3% 55.4%
1999 17.6% 97.1% 12.8% 62.9%
1998 19.7% 108% 11.4% 62.2%
1997 20.9% 101.3% 12.8% 73.4%
1996 - - 13.4% 89.6%
1995 - - 15.6% 111.1%
1994 - - 16.8% 126%
1993 - - 16.4% 129.2%
1992 - - 17.6% 117.6%
1991 - - 14.2% 106.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1991–2000, retrieved 2026-02-20).

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

In 2024, Guyana's government spending was $5.72B, accounting for 23.2% of its GDP, while Tanzania spent $15.1B, or 19.1% of GDP.

Debt-to-GDP ratio is 24.3% in Guyana and 49.9% in Tanzania, ranking 168/185 and 109/185, respectively.

Government deficit by year

Deficit/surplus
Guyana

Tanzania
1x
Year Deficit/surplus, % of GDP
Guyana Tanzania
2024 -7.31% -3.03%
2023 -5.78% -3.67%
2022 -5.11% -3.92%
2021 -6.94% -3.55%
2020 -7.78% -2.56%
2019 -2.52% -2.06%
2018 -2.52% -2.01%
2017 -3.14% -1.14%
2016 -3.21% -2.08%
2015 -0.75% -3.17%
2014 -3.88% -2.91%
2013 -2.16% -3.76%
2012 -3.11% -4%
2011 -2.13% -3.51%
2010 -1.88% -4.74%
2009 -2.5% -4.46%
2008 -2.78% -1.92%
2007 -3.35% -1.44%
2006 -6.16% -3.38%
2005 -6.54% -3.28%
2004 -2.88% -2.43%
2003 -4.81% -1.77%
2002 -2.42% -0.73%
2001 -3.71% -0.41%
2000 -2.27% -0.73%
1999 -0.47% -1.14%
1998 -2.67% 0.13%
1997 -1.7% -0.03%
1996 - 1.57%
1995 - -2.12%
1994 - -3.74%
1993 - -2.02%
1992 - -4.96%
1991 - 0.6%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20).

GeoRank.org/economy/guyana/tanzania | 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 Tanzania's deficit of $2.39B, or 3.03% of GDP.

Over the past 28 years, Guyana recorded a fiscal deficit in 28 of those years, while Tanzania ran a deficit in 27 years. On average, Guyana posted an annual deficit equal to 3.59% of GDP, compared to deficit of 2.42% of GDP for Tanzania.

Inflation comparison by year

Inflation
Guyana

Tanzania
1x
Year Consumer prices inflation
Guyana Tanzania
2024 2.5% 3.06%
2023 4.5% 3.8%
2022 6.5% 4.35%
2021 3.3% 3.69%
2020 1.2% 3.29%
2019 2.1% 3.46%
2018 1.3% 3.49%
2017 1.9% 5.32%
2016 0.8% 5.17%
2015 -0.9% 5.59%
2014 0.7% 6.13%
2013 1.9% 7.87%
2012 2.4% 16%
2011 4.4% 12.7%
2010 4.3% 6.2%
2009 3% 12.1%
2008 8.1% 10.3%
2007 12.2% 7.03%
2006 6.7% 7.25%
2005 6.9% 5.03%
2004 4.7% 4.74%
2003 6% 5.3%
2002 5.4% 5.32%
2001 2.6% 5.15%
2000 6.1% 5.92%
1999 7.5% 7.89%
1998 4.6% 12.8%
1997 3.6% 16.1%

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/tanzania | CC BY

Over the past 28 years, Guyana has recorded an average annual inflation rate of 4.08%, compared with 6.97% in Tanzania. In 2024, inflation was 2.5% in Guyana and 3.06% in Tanzania.

Top exports between countries

Guyana
Export category Export value
Machinery & equipment $31K
Raw materials & minerals $3K
Tanzania
Export category Export value
Textiles & consumer goods $1K

Balance of trade

Guyana Tanzania
Current account balance
$2.35B
2023
-$2.38B
2024
Current account balance ranking
43/190
2023
147/190
2024
Current account balance, % of GDP
+13.9%
2023
-3.02%
2024
Goods imports
$6B
2023
$14.2B
2024
Goods exports
$13.2B
2023
$9.12B
2024
Service imports
$4.95B
2023
$2.8B
2024
Service exports
$529M
2023
$6.85B
2024
Imports of goods and services, % of GDP
109.7%
2005
21.7%
2024
Exports of goods and services, % of GDP
84.6%
2005
19.8%
2024

Economic freedom indices

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

Guyana Tanzania
Economic freedom 58.7 59
Economic freedom ranking 109/197 106/197
Property rights 46.7 45.2
Government integrity 38.8 40.9
Judicial effectiveness 48.6 29.6
Tax burden 76.4 80.4
Government spending 85 89.1
Fiscal health 39.9 75
Business freedom 70.9 48.1
Labor freedom 76 62.3
Monetary freedom 78.5 73.4
Trade freedom 59.2 58.8
Investment freedom 55 55
Financial freedom 30 50

Economic freedom comparison by year

Guyana
Tanzania
1x
Year Economic freedom index
Guyana Tanzania
2026 58.7 59
2025 58.2 59.3
2024 57.3 59.1
2023 56.9 60
2022 59.5 59.5
2021 57.4 61.3
2020 56.2 61.7
2019 56.8 60.2
2018 58.7 59.9
2017 58.5 58.6
2016 55.4 58.5
2015 55.5 57.5
2014 55.7 57.8
2013 53.8 57.9
2012 51.3 57
2011 49.4 57
2010 48.4 58.3
2009 48.4 58.3
2008 48.8 56.5
2007 53.7 56.8
2006 56.6 58.5
2005 56.5 56.3
2004 53 60.1
2003 50.3 56.9
2002 54.3 58.3
2001 53.3 54.9
2000 52.4 56
1999 53.3 60
1998 52.7 59.6
1997 53.2 59.3
1996 50.1 57.5
1995 45.7 57.3

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

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

The Economic Freedom Index for Guyana is 58.7, ranking 109/197, compared to 59 for Tanzania, ranking 106/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guyana Tanzania
Services, % of GDP
14.5%
2024
29.6%
2024
Industry, % of GDP
76%
2024
28.6%
2024
Agriculture, forestry, and fishing, % of GDP
7.62%
2024
23.3%
2024
GNI, Atlas method
$16.7B
2024
$80.2B
2024
GNI per capita, PPP
$52,290
2024
$4,130
2024
Total reserves including gold
$1.01B
2024
$5.05B
2018
Total reserves ranking
141/177
2024
101/177
2018
Net foreign direct investment
$1.14B
2023
-$1.72B
2024
Net inflows of foreign direct investment
$8.63B
2024
$1.72B
2024
Net outflows of foreign direct investment
$5.7M
2024
$0
2024
Servicing debt to the IMF, % of GNI
3.73%
2024
2.57%
2024
Poverty at national poverty lines
35%
2020
26.4%
2018
Gross capital formation, % of GDP
32.3%
2005
39.8%
2024

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/tanzania | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, 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. International Monetary Fund (IMF) | Public Finances in Modern History (1991–2000, retrieved 2026-02-20)
  6. TradeMap (2021–2023, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. 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.