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Economy of Guyana vs Tonga compared: GDP & Debt

Updated on by Georank

Guyana has a GDP of $27.1B compared to $679M for Tonga, ranking 120/197 and 191/197 by economy size, respectively.

Guyana has $7.74B in government debt (28.6% of GDP), compared to $186M (27.4% of GDP) in Tonga.

Guyana vs Tonga GDP by year

Guyana
Tonga
1x
Year GDP, current $
Guyana Tonga
2025 $27,097,477,218 $679,218,219
2024 $24,662,714,628 $647,488,244
2023 $16,918,503,597 $591,139,734
2022 $14,718,388,489 $556,514,556
2021 $8,041,362,110 $519,306,339
2020 $5,471,256,595 $506,571,487
2019 $5,173,760,192 $506,031,248
2018 $4,787,636,998 $493,530,767
2017 $4,748,174,334 $459,976,847
2016 $4,482,697,337 $420,828,255
2015 $4,279,840,194 $437,525,539
2014 $4,127,660,152 $440,997,735
2013 $4,167,800,929 $451,788,498
2012 $4,063,088,536 $471,122,971
2011 $3,691,384,318 $414,143,828
2010 $3,432,912,517 $366,887,375
2009 $3,165,663,153 $312,415,028
2008 $3,025,187,433 $344,438,844
2007 $2,730,971,595 $298,519,623
2006 $2,379,817,991 $292,232,703
2005 $824,880,550 $261,823,805
2004 $787,814,379 $230,678,011
2003 $743,063,950 $202,246,591
2002 $726,131,435 $182,764,281
2001 $712,167,450 $181,117,230
2000 $712,667,897 $204,848,488
1999 $694,754,988 $199,208,718
1998 $717,530,683 $191,504,893
1997 $749,138,010 $214,991,452
1996 $705,406,001 $222,100,576
1995 $621,626,786 $208,871,666
1994 $545,278,380 $195,990,986
1993 $454,101,382 $138,489,884
1992 $373,573,141 $137,066,291
1991 $348,533,095 $132,201,141
1990 $396,582,263 $113,563,822
1989 $379,779,390 $106,344,855
1988 $413,799,990 $106,657,267
1987 $354,591,847 $81,667,133
1986 $504,651,140 $68,195,856
1985 $453,488,372 $60,058,663
1984 $437,631,605 $64,248,355
1983 $489,333,333 $60,863,964
1982 $482,000,000 $62,068,161
1981 $570,357,107 $62,242,013
1980 $603,200,000 $53,260,077
1979 $530,440,000 $44,667,002
1978 $507,080,000 $41,567,472
1977 $449,880,000 $34,139,388
1976 $454,440,000 $30,036,417
1975 $494,791,667 $32,506,742
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/tonga | CC BY

GDP per capita in Guyana vs Tonga by year

Guyana
GDP per capita

GDP per capita, PPP
Tonga
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guyana Tonga
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $32,414 - $6,547 -
2024 $29,675 $80,155 $6,215 -
2023 $20,474 $54,729 $5,652 $7,803
2022 $17,913 $39,711 $5,298 $7,296
2021 $9,861 $22,866 $4,923 $6,929
2020 $6,776 $16,819 $4,792 $6,676
2019 $6,406 $13,241 $4,789 $6,473
2018 $6,048 $12,443 $4,675 $6,393
2017 $6,179 $12,243 $4,366 $6,229
2016 $5,871 $11,516 $3,988 $5,920
2015 $5,640 $11,408 $4,124 $5,472
2014 $5,473 $11,145 $4,137 $5,336
2013 $5,557 $11,200 $4,219 $5,120
2012 $5,444 $10,627 $4,384 $4,996
2011 $4,947 $10,066 $3,850 $4,855
2010 $4,582 $9,337 $3,416 $4,465
2009 $4,209 $8,824 $2,914 $4,384
2008 $4,009 $8,437 $3,218 $4,600
2007 $3,608 $8,110 $2,797 $4,316
2006 $3,136 $7,346 $2,750 $4,327
2005 $1,084 $6,761 $2,478 $4,315
2004 $1,033 $6,673 $2,195 $4,235
2003 $974 $6,392 $1,936 $4,231
2002 $951 $6,304 $1,759 $4,171
2001 $932 $6,131 $1,754 $3,955
2000 $932 $5,860 $1,995 $3,834
1999 $909 $5,812 $1,952 $3,636
1998 $940 $5,573 $1,889 $3,527
1997 $983 $5,615 $2,136 $3,434
1996 $928 $5,210 $2,215 $3,410
1995 $820 $4,753 $2,084 $3,347
1994 $721 $4,447 $1,957 $3,088
1993 $603 $4,027 $1,383 $2,882
1992 $498 $3,651 $1,370 $2,716
1991 $466 $3,322 $1,323 $2,652
1990 $529 $3,022 $1,139 $2,416
1989 $503 - $1,070 -
1988 $545 - $1,078 -
1987 $464 - $830 -
1986 $657 - $696 -
1985 $588 - $613 -
1984 $565 - $656 -
1983 $631 - $621 -
1982 $621 - $633 -
1981 $735 - $636 -
1980 $779 - $545 -
1979 $689 - $458 -
1978 $663 - $428 -
1977 $593 - $353 -
1976 $604 - $315 -
1975 $664 - $349 -
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/tonga | CC BY

Guyana's GDP per capita is $32,414, ranking 40/197, compared to $6,547 in Tonga, ranking 110/197. Adjusted for purchasing power (GDP per capita PPP), Guyana ranks 15th at $80,155, while Tonga ranks 144th at $7,803.

Economic indicators

Guyana Tonga
Gross domestic product
$27.1B
2025
$679M
2025
GDP rank
120/197
2025
191/197
2025
GDP growth
19.3%
2024-2025
2.8%
2024-2025
GDP per capita
$32,414
2025
$6,547
2025
GDP per capita rank
40/197
2025
110/197
2025
GDP per capita, PPP
$80,155
2024
$7,803
2023
GDP per capita PPP rank
15/197
2024
144/197
2023
Government debt
$7.74B
2025
$186M
2025
Debt-to-GDP ratio
28.6%
2025
27.4%
2025
Government debt per person
$9,255
2025
$1,793
2025
Government debt per person rank
63/185
2025
123/185
2025
Average annual personal income after taxes
$13,307
2026
$4,104
2026
Income share by richest 10%
34.4%
1998
22%
2021
Income share by poorest 10%
1.1%
1998
4%
2021
Government expenditure, % of GDP
23.9%
2025
46.8%
2025
Consumer prices inflation
3.3%
2024-2025
5.59%
2024-2025
Unemployment rate
14.7%
2021
1.65%
2023
Population
843423
103283

Spending and national debt comparison by year

Guyana
Spending

Debt
Tonga
Spending

Debt
1x
Year % of GDP
Guyana Tonga
Government spending Government debt Government spending Government debt
2025 23.9% 28.6% 46.8% 27.4%
2024 23.3% 24.3% 44.3% 31.9%
2023 23.7% 26.7% 41.5% 37.2%
2022 20.4% 24.8% 41.3% 40.2%
2021 24.8% 38.9% 44.5% 43%
2020 30.5% 47.4% 37.1% 41.7%
2019 28.1% 34.2% 39% 41.8%
2018 27.6% 37.4% 39.3% 45.5%
2017 26.3% 35.2% 39.7% 44.7%
2016 25.2% 35.7% 37.2% 49.4%
2015 21.7% 42.2% 37.4% 51.1%
2014 23.1% 38.7% 31.5% 47.4%
2013 21.4% 41.4% 34.3% 48.9%
2012 21.8% 44.7% 32% 60%
2011 23.5% 51.7% 32.6% 51.9%
2010 23.9% 53.1% 28.4% 44.7%
2009 25.4% 52.3% 23.9% 39.7%
2008 24.1% 48.2% 24% 34%
2007 25.5% 47.7% 23.2% 37.8%
2006 29% 74.5% 25.6% 39.6%
2005 28.4% 90.7% 19.8% 43.3%
2004 23.7% 91.8% 19.3% 52.2%
2003 23.5% 95.6% 20% 56.2%
2002 23.1% 105.1% 21.3% 60.7%
2001 24% 104.6% 19.1% 53.4%
2000 22.9% 97.2% 20% 43.6%
1999 17.6% 97.1% 18.8% 38.4%
1998 19.7% 108% - -
1997 20.9% 101.3% - -

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

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

In 2025, Guyana's government spending was $6.48B, accounting for 23.9% of its GDP, while Tonga spent $318M, or 46.8% of GDP.

Debt-to-GDP ratio is 28.6% in Guyana and 27.4% in Tonga, ranking 160/185 and 162/185, respectively.

Government deficit by year

Deficit/surplus
Guyana

Tonga
1x
Year Deficit/surplus, % of GDP
Guyana Tonga
2025 -5.37% 4.86%
2024 -7.27% 3.6%
2023 -5.62% 5.28%
2022 -5.1% -0.09%
2021 -6.94% -0.87%
2020 -7.78% 5.15%
2019 -2.52% 3.2%
2018 -2.52% 2.9%
2017 -3.14% 3.58%
2016 -3.21% 1.47%
2015 -0.75% -2.75%
2014 -3.88% 6.38%
2013 -2.16% -1.3%
2012 -3.11% -1.74%
2011 -2.13% -6.02%
2010 -1.88% -1.22%
2009 -2.5% 6.85%
2008 -2.78% 2.14%
2007 -3.35% 5.39%
2006 -6.16% 1.34%
2005 -6.54% 4.23%
2004 -2.88% 4.23%
2003 -4.81% 2.37%
2002 -2.42% 2.59%
2001 -3.71% 2.23%
2000 -2.27% 1.35%
1999 -0.47% 1.55%
1998 -2.67% -
1997 -1.7% -

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

GeoRank.org/economy/guyana/tonga | 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 Tonga's surplus of $33M, or 4.86% of GDP.

Over the past 27 years, Guyana recorded a fiscal deficit in 27 of those years, while Tonga ran a deficit in 7 years. On average, Guyana posted an annual deficit equal to 3.75% of GDP, compared to surplus of 2.1% of GDP for Tonga.

Inflation comparison by year

Inflation
Guyana

Tonga
1x
Year Consumer prices inflation
Guyana Tonga
2025 3.3% 5.59%
2024 2.9% 3.18%
2023 2.8% 6.35%
2022 6.9% 11%
2021 4.5% 5.64%
2020 0.7% -0.35%
2019 2.1% 1.18%
2018 1.3% 5.03%
2017 1.9% 7.52%
2016 0.8% 2.58%
2015 -0.9% -1.05%
2014 0.7% 2.51%
2013 1.9% 0.78%
2012 2.4% 1.15%
2011 4.4% 6.27%
2010 4.3% 3.53%
2009 3% 1.43%
2008 8.1% 10.4%
2007 12.2% 5.84%
2006 6.7% 6.15%
2005 6.9% 8.67%
2004 4.7% 11%
2003 6% 11.6%
2002 5.4% 10.4%
2001 2.6% 8.29%
2000 6.1% 6.33%
1999 7.5% 4.46%
1998 4.6% 3.27%
1997 3.6% 2.12%

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

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

Over the past 29 years, Guyana has recorded an average annual inflation rate of 4.05%, compared with 5.2% in Tonga. In 2025, inflation was 3.3% in Guyana and 5.59% in Tonga.

Balance of trade

Guyana Tonga
Current account balance
$2.35B
2023
-$43.5M
2024
Current account balance ranking
42/190
2023
76/190
2024
Current account balance, % of GDP
+13.9%
2023
-6.72%
2024
Goods imports
$6B
2023
$232M
2024
Goods exports
$13.2B
2023
$10.8M
2024
Service imports
$4.95B
2023
$161M
2024
Service exports
$529M
2023
$93.6M
2024
Imports of goods and services, % of GDP
109.7%
2005
60.7%
2024
Exports of goods and services, % of GDP
84.6%
2005
16.9%
2024

Economic freedom indices

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

Guyana Tonga
Economic freedom 58.7 58.9
Economic freedom ranking 109/197 107/197
Property rights 46.7 71.1
Government integrity 38.8 45.1
Judicial effectiveness 48.6 64.9
Tax burden 76.4 85.6
Government spending 85 31
Fiscal health 39.9 97.3
Business freedom 70.9 59.2
Labor freedom 76 55.9
Monetary freedom 78.5 61
Trade freedom 59.2 75.4
Investment freedom 55 40
Financial freedom 30 20

Economic freedom comparison by year

Guyana
Tonga
1x
Year Economic freedom index
Guyana Tonga
2026 58.7 58.9
2025 58.2 58.5
2024 57.3 59.2
2023 56.9 60
2022 59.5 60.8
2021 57.4 57.5
2020 56.2 58.8
2019 56.8 57.7
2018 58.7 63.1
2017 58.5 63
2016 55.4 59.6
2015 55.5 59.3
2014 55.7 58.2
2013 53.8 56
2012 51.3 57
2011 49.4 55.8
2010 48.4 53.4
2009 48.4 54.1
2008 48.8 -
2007 53.7 -
2006 56.6 -
2005 56.5 -
2004 53 -
2003 50.3 -
2002 54.3 -
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/tonga | CC BY

The Economic Freedom Index for Guyana is 58.7, ranking 109/197, compared to 58.9 for Tonga, ranking 107/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guyana Tonga
Services, % of GDP
14.8%
2025
49.5%
2024
Industry, % of GDP
75.1%
2025
17.7%
2024
Agriculture, forestry, and fishing, % of GDP
7.73%
2025
18.6%
2024
GNI, Atlas method
$23.8B
2025
$709M
2025
GNI per capita, PPP
$80,300
2025
$9,240
2025
Total reserves including gold
$1.36B
2025
$413M
2025
Total reserves ranking
136/177
2025
162/177
2025
Net foreign direct investment
$1.14B
2023
$13.3M
2024
Net inflows of foreign direct investment
$8.63B
2024
-$12.1M
2024
Net outflows of foreign direct investment
$5.7M
2024
$1.25M
2024
Servicing debt to the IMF, % of GNI
2.84%
2024
6.33%
2024
Poverty at national poverty lines
35%
2020
20.6%
2021
Gross capital formation, % of GDP
32.3%
2005
26.4%
2024

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/tonga | CC BY

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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. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  6. LivingCost (2026, retrieved 2026-07-08)
  7. 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.