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Economy of Guyana vs Trinidad and Tobago compared: GDP & Debt

Updated on by Georank team

Guyana has a GDP of $24.7B compared to $25.6B for Trinidad and Tobago, ranking 120/197 and 115/197 by economy size, respectively.

Guyana has $5.99B in government debt (24.3% of GDP), compared to $16.5B (64.2% of GDP) in Trinidad and Tobago.

Guyana vs Trinidad and Tobago GDP by year

Guyana
Trinidad and Tobago
1x
Year GDP, current $
Guyana Trinidad
2024 $24,662,709,832 $25,633,544,529
2023 $16,918,503,597 $25,036,993,423
2022 $14,718,388,489 $28,341,164,301
2021 $8,041,362,110 $24,222,963,263
2020 $5,471,256,595 $20,888,515,184
2019 $5,173,760,192 $23,477,745,792
2018 $4,787,636,998 $23,883,058,083
2017 $4,748,174,334 $23,830,750,901
2016 $4,482,697,337 $23,624,322,193
2015 $4,279,840,194 $26,841,141,793
2014 $4,127,660,152 $29,474,180,005
2013 $4,167,800,929 $28,560,537,057
2012 $4,063,088,536 $27,147,349,937
2011 $3,691,384,318 $25,433,007,437
2010 $3,432,912,517 $22,157,920,592
2009 $3,165,663,153 $19,172,165,226
2008 $3,025,187,433 $27,871,587,350
2007 $2,730,971,595 $21,641,620,050
2006 $2,379,817,991 $18,369,361,094
2005 $824,880,550 $15,982,389,018
2004 $787,814,379 $13,280,291,990
2003 $743,063,950 $11,305,459,802
2002 $726,131,435 $9,008,298,229
2001 $712,167,450 $8,824,849,191
2000 $712,667,897 $8,154,342,116
1999 $694,754,988 $6,808,982,521
1998 $717,530,683 $6,043,686,654
1997 $749,138,010 $5,737,771,523
1996 $705,406,001 $5,759,570,336
1995 $621,626,786 $5,329,217,747
1994 $540,874,934 $4,947,181,646
1993 $454,101,382 $4,669,491,134
1992 $373,573,141 $5,439,552,941
1991 $348,533,095 $5,307,905,882
1990 $396,582,263 $5,068,000,000
1989 $379,779,390 $4,323,058,824
1988 $413,799,990 $4,496,910,569
1987 $354,591,847 $4,797,777,778
1986 $504,651,140 $4,794,444,444
1985 $453,488,372 $7,375,918,367
1984 $437,631,605 $7,757,083,333
1983 $489,333,333 $7,763,750,000
1982 $482,000,000 $8,140,416,667
1981 $570,357,107 $6,992,083,333
1980 $603,200,000 $6,235,833,333
1979 $530,440,000 $4,602,416,625
1978 $507,080,000 $3,562,333,458
1977 $449,880,000 $3,138,666,667
1976 $454,440,000 $2,500,424,955
1975 $494,791,667 $2,442,669,825
1974 $433,954,545 $2,042,001,071
1973 $307,047,619 $1,308,785,431
1972 $285,380,952 $1,083,391,758
1971 $282,050,000 $896,765,215
1970 $267,800,000 $821,850,000
1969 $249,300,000 $779,200,000
1968 $229,750,000 $758,899,950
1967 $250,176,471 $761,981,912
1966 $228,705,882 $723,739,857
1965 $213,235,294 $736,573,159
1964 $194,774,513 $711,897,520
1963 $175,757,894 $678,239,329
1962 $194,949,513 $619,322,810
1961 $185,849,535 $584,964,621
1960 $170,216,241 $535,673,252

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

GeoRank.org/economy/guyana/trinidad-and-tobago | CC BY

GDP per capita in Guyana vs Trinidad and Tobago by year

Guyana
GDP per capita

GDP per capita, PPP
Trinidad and Tobago
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guyana Trinidad
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,675 $80,155 $18,733 $36,329
2023 $20,474 $54,729 $18,308 $34,623
2022 $17,913 $39,711 $20,751 $32,979
2021 $9,861 $22,866 $17,713 $30,482
2020 $6,776 $16,819 $15,284 $26,731
2019 $6,406 $13,241 $17,213 $29,316
2018 $6,048 $12,443 $17,571 $28,673
2017 $6,179 $12,243 $17,566 $28,484
2016 $5,871 $11,516 $17,449 $28,232
2015 $5,640 $11,408 $19,887 $29,825
2014 $5,473 $11,145 $21,908 $32,027
2013 $5,557 $11,200 $21,305 $31,746
2012 $5,444 $10,627 $20,332 $31,883
2011 $4,947 $10,066 $19,151 $31,078
2010 $4,582 $9,337 $16,815 $30,778
2009 $4,209 $8,824 $14,634 $29,602
2008 $4,009 $8,437 $21,299 $30,807
2007 $3,608 $8,110 $16,607 $29,355
2006 $3,136 $7,346 $14,153 $27,393
2005 $1,084 $6,761 $12,346 $23,536
2004 $1,033 $6,673 $9,871 $20,674
2003 $974 $6,392 $8,445 $18,743
2002 $951 $6,304 $6,763 $16,141
2001 $932 $6,131 $6,657 $14,797
2000 $932 $5,860 $6,179 $13,953
1999 $909 $5,812 $5,179 $12,812
1998 $940 $5,573 $4,613 $11,735
1997 $983 $5,615 $4,394 $10,769
1996 $928 $5,210 $4,427 $9,883
1995 $820 $4,753 $4,115 $9,099
1994 $716 $4,447 $3,840 $8,631
1993 $603 $4,027 $3,647 $8,209
1992 $498 $3,651 $4,277 $8,129
1991 $466 $3,322 $4,205 $7,274
1990 $529 $3,022 $4,047 $6,878
1989 $503 - $3,482 -
1988 $545 - $3,656 -
1987 $464 - $3,941 -
1986 $657 - $3,985 -
1985 $588 - $6,212 -
1984 $565 - $6,613 -
1983 $631 - $6,690 -
1982 $621 - $7,091 -
1981 $735 - $6,160 -
1980 $779 - $5,559 -
1979 $689 - $4,155 -
1978 $663 - $3,258 -
1977 $593 - $2,907 -
1976 $604 - $2,345 -
1975 $664 - $2,319 -
1974 $588 - $1,962 -
1973 $421 - $1,273 -
1972 $395 - $1,067 -
1971 $396 - $894 -
1970 $381 - $829 -
1969 $361 - $795 -
1968 $340 - $783 -
1967 $378 - $797 -
1966 $353 - $768 -
1965 $336 - $793 -
1964 $313 - $780 -
1963 $288.8 - $756 -
1962 $327 - $704 -
1961 $319 - $678 -
1960 $299.1 - $634 -

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

GeoRank.org/economy/guyana/trinidad-and-tobago | CC BY

Guyana's GDP per capita is $29,675, ranking 41/197, compared to $18,733 in Trinidad and Tobago, ranking 61/197. Adjusted for purchasing power (GDP per capita PPP), Guyana ranks 15th at $80,155, while Trinidad and Tobago ranks 62nd at $36,329.

Economic indicators

Guyana Trinidad
Gross domestic product
$24.7B
2024
$25.6B
2024
GDP rank
120/197
2024
115/197
2024
GDP growth
43.8%
2023-2024
2.51%
2023-2024
GDP per capita
$29,675
2024
$18,733
2024
GDP per capita rank
41/197
2024
61/197
2024
GDP per capita, PPP
$80,155
2024
$36,329
2024
GDP per capita PPP rank
15/197
2024
62/197
2024
Government debt
$5.99B
2024
$16.5B
2024
Debt-to-GDP ratio
24.3%
2024
64.2%
2024
Government debt per person
$7,213
2024
$12,028
2024
Government debt per person rank
66/185
2024
45/185
2024
Average annual personal income after taxes
$13,212
2026
$11,007
2026
Market capitalization of domestic companies n/a
$3.89B
2001
Income share by richest 10%
34.4%
1998
29.9%
1992
Income share by poorest 10%
1.1%
1998
2.1%
1992
Government expenditure, % of GDP
23.2%
2024
32.3%
2024
Consumer prices inflation
2.5%
2023-2024
0.53%
2023-2024
Central bank interest rate n/a
3.5%
2020
Unemployment rate
13.2%
2019
4.01%
2024
Population
842249
1374840

Spending and national debt comparison by year

Guyana
Spending

Debt
Trinidad and Tobago
Spending

Debt
1x
Year % of GDP
Guyana Trinidad
Government spending Government debt Government spending Government debt
2024 23.2% 24.3% 32.3% 64.2%
2023 23.7% 26.7% 33.5% 62.2%
2022 20.3% 24.8% 27.2% 51.3%
2021 24.8% 45.7% 30.3% 58.4%
2020 30.5% 59.5% 36.2% 62.5%
2019 28.1% 54% 31.2% 46.2%
2018 27.6% 47.9% 30.2% 41.5%
2017 26.3% 46.1% 30.7% 39.8%
2016 25.2% 44% 31.9% 35.4%
2015 21.7% 42.2% 35% 27.1%
2014 23.1% 38.7% 32.8% 23.5%
2013 21.4% 41.4% 31.3% 21.6%
2012 21.8% 44.7% 29.5% 21.8%
2011 23.5% 51.7% 29.4% 26.4%
2010 23.9% 53.1% 30.4% 16.8%
2009 25.4% 52.3% 37% 20.7%
2008 24.1% 48.2% 26.7% 13.5%
2007 25.5% 47.7% 25.7% 16.2%
2006 29% 74.5% 31.6% 16.9%
2005 28.4% 90.7% 26.7% 19.8%
2004 23.7% 91.8% 22.5% 24.2%
2003 23.5% 95.6% 22.2% 30.2%
2002 23.1% 105.1% 24.4% 37%
2001 24% 104.6% 24.8% 36.6%
2000 22.9% 97.2% 23.1% 38.9%
1999 17.6% 97.1% 24.1% 42.2%
1998 19.7% 108% 26.9% 42.8%
1997 20.9% 101.3% 27.2% 46.1%
1996 - - 27.6% 47%
1995 - - 26.2% 50.1%
1994 - - 25.4% 52.6%
1993 - - 26.9% 58.8%
1992 - - 28.6% 49.2%
1991 - - 29.6% 49.5%
1990 - - 26.9% 47.7%
1989 - - 30.9% 51.9%
1988 - - 45.3% 65.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1988–1989, retrieved 2026-02-20).

GeoRank.org/economy/guyana/trinidad-and-tobago | CC BY

In 2024, Guyana's government spending was $5.72B, accounting for 23.2% of its GDP, while Trinidad and Tobago spent $8.28B, or 32.3% of GDP.

Debt-to-GDP ratio is 24.3% in Guyana and 64.2% in Trinidad and Tobago, ranking 168/185 and 70/185, respectively.

Government deficit by year

Deficit/surplus
Guyana

Trinidad and Tobago
1x
Year Deficit/surplus, % of GDP
Guyana Trinidad
2024 -7.31% -5.24%
2023 -5.78% -1.24%
2022 -5.11% 0.92%
2021 -6.94% -8.1%
2020 -7.78% -12.2%
2019 -2.52% -3.74%
2018 -2.52% -5.89%
2017 -3.14% -10.4%
2016 -3.21% -10.1%
2015 -0.75% -7.56%
2014 -3.88% -4.31%
2013 -2.16% -2.67%
2012 -3.11% -1.26%
2011 -2.13% -0.67%
2010 -1.88% 0.13%
2009 -2.5% -5.42%
2008 -2.78% 5.39%
2007 -3.35% 3.12%
2006 -6.16% 1.56%
2005 -6.54% 2.36%
2004 -2.88% 1.84%
2003 -4.81% 1.8%
2002 -2.42% -0.2%
2001 -3.71% 0.61%
2000 -2.27% 0.17%
1999 -0.47% -0.88%
1998 -2.67% -1.8%
1997 -1.7% 0.11%
1996 - -0.45%
1995 - 0.17%
1994 - -0.02%
1993 - 0.23%
1992 - -2.74%
1991 - -0.21%
1990 - -1.27%
1989 - -4.46%
1988 - -9.34%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1988–1989, retrieved 2026-02-20).

GeoRank.org/economy/guyana/trinidad-and-tobago | 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 Trinidad and Tobago's deficit of $1.34B, or 5.24% of GDP.

Over the past 28 years, Guyana recorded a fiscal deficit in 28 of those years, while Trinidad and Tobago ran a deficit in 17 years. On average, Guyana posted an annual deficit equal to 3.59% of GDP, compared to deficit of 2.27% of GDP for Trinidad and Tobago.

Inflation comparison by year

Inflation
Guyana

Trinidad and Tobago
1x
Year Consumer prices inflation
Guyana Trinidad
2024 2.5% 0.53%
2023 4.5% 4.63%
2022 6.5% 5.83%
2021 3.3% 2.06%
2020 1.2% 0.6%
2019 2.1% 1%
2018 1.3% 1.02%
2017 1.9% 1.88%
2016 0.8% 3.07%
2015 -0.9% 4.66%
2014 0.7% 5.68%
2013 1.9% 5.2%
2012 2.4% 9.26%
2011 4.4% 5.11%
2010 4.3% 10.5%
2009 3% 6.98%
2008 8.1% 12%
2007 12.2% 7.89%
2006 6.7% 8.33%
2005 6.9% 6.87%
2004 4.7% 3.72%
2003 6% 3.81%
2002 5.4% 4.15%
2001 2.6% 5.54%
2000 6.1% 3.56%
1999 7.5% 3.44%
1998 4.6% 5.61%
1997 3.6% 3.63%

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/trinidad-and-tobago | CC BY

Over the past 28 years, Guyana has recorded an average annual inflation rate of 4.08%, compared with 4.88% in Trinidad and Tobago. In 2024, inflation was 2.5% in Guyana and 0.53% in Trinidad and Tobago.

Top exports between countries

Guyana
Export category Export value
Machinery & equipment $1.61B
Raw agricultural goods $20.4M
Metals $9.45M
Processed food, beverages & tobacco $8.49M
Chemicals & pharma $4.87M
Textiles & consumer goods $4.21M
Raw materials & minerals $3.63M
Wood & paper products $1.59M
Animal & marine products $957K
Weapons & explosives $61K
Trinidad
Export category Export value
Raw materials & minerals $210M
Processed food, beverages & tobacco $103M
Chemicals & pharma $32.7M
Wood & paper products $22.1M
Machinery & equipment $16.6M
Metals $14.1M
Textiles & consumer goods $9.69M
Miscellaneous $5.99M
Raw agricultural goods $894K
Animal & marine products $175K

Balance of trade

Guyana Trinidad
Current account balance
$2.35B
2023
$645M
2024
Current account balance ranking
43/190
2023
58/190
2024
Current account balance, % of GDP
+13.9%
2023
+2.52%
2024
Goods imports
$6B
2023
$7.54B
2024
Goods exports
$13.2B
2023
$10B
2024
Service imports
$4.95B
2023
$2.71B
2024
Service exports
$529M
2023
$1.26B
2024
Imports of goods and services, % of GDP
109.7%
2005
n/a
Exports of goods and services, % of GDP
84.6%
2005
45%
2025

Economic freedom indices

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

Guyana Trinidad
Economic freedom 58.7 62.4
Economic freedom ranking 109/197 87/197
Property rights 46.7 47.3
Government integrity 38.8 45.5
Judicial effectiveness 48.6 58.8
Tax burden 76.4 76.1
Government spending 85 71.1
Fiscal health 39.9 86.3
Business freedom 70.9 67.1
Labor freedom 76 57.2
Monetary freedom 78.5 81
Trade freedom 59.2 68.8
Investment freedom 55 50
Financial freedom 30 40

Economic freedom comparison by year

Guyana
Trinidad and Tobago
1x
Year Economic freedom index
Guyana Trinidad
2026 58.7 62.4
2025 58.2 63.6
2024 57.3 60.4
2023 56.9 59.5
2022 59.5 58.8
2021 57.4 59
2020 56.2 58.3
2019 56.8 57
2018 58.7 57.7
2017 58.5 61.2
2016 55.4 62.9
2015 55.5 64.1
2014 55.7 62.7
2013 53.8 62.3
2012 51.3 64.4
2011 49.4 66.5
2010 48.4 65.7
2009 48.4 68
2008 48.8 69.5
2007 53.7 70.6
2006 56.6 70.4
2005 56.5 71.5
2004 53 71.3
2003 50.3 68.8
2002 54.3 70.1
2001 53.3 71.8
2000 52.4 74.5
1999 53.3 72.4
1998 52.7 72
1997 53.2 71.3
1996 50.1 69.2
1995 45.7 -

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

GeoRank.org/economy/guyana/trinidad-and-tobago | CC BY

The Economic Freedom Index for Guyana is 58.7, ranking 109/197, compared to 62.4 for Trinidad and Tobago, ranking 87/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guyana Trinidad
Services, % of GDP
14.5%
2024
59.2%
2024
Industry, % of GDP
76%
2024
34.6%
2024
Agriculture, forestry, and fishing, % of GDP
7.62%
2024
0.78%
2024
GNI, Atlas method
$16.7B
2024
$27B
2024
GNI per capita, PPP
$52,290
2024
$36,580
2024
Total reserves including gold
$1.01B
2024
$5.6B
2024
Total reserves ranking
141/177
2024
94/177
2024
Net foreign direct investment
$1.14B
2023
$980M
2024
Net inflows of foreign direct investment
$8.63B
2024
-$453M
2024
Net outflows of foreign direct investment
$5.7M
2024
$527M
2024
Servicing debt to the IMF, % of GNI
3.73%
2024
n/a
Poverty at national poverty lines
35%
2020
20%
2020
Gross capital formation, % of GDP
32.3%
2005
19%
2023

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/trinidad-and-tobago | 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 (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 (2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1988–1989, retrieved 2026-02-20)
  7. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)
  8. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  9. LivingCost (2026, retrieved 2025-10-14)

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.