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Economy of Guyana vs Ukraine compared: GDP & Debt

Updated on by Georank team

Guyana has a GDP of $24.7B compared to $191B for Ukraine, ranking 120/197 and 57/197 by economy size, respectively.

Guyana has $5.99B in government debt (24.3% of GDP), compared to $171B (89.7% of GDP) in Ukraine.

Guyana vs Ukraine GDP by year

Guyana
Ukraine
1x
Year GDP, current $
Guyana Ukraine
2024 $24,662,709,832 $190,741,262,415
2023 $16,918,503,597 $181,221,517,869
2022 $14,718,388,489 $161,989,520,721
2021 $8,041,362,110 $199,765,859,571
2020 $5,471,256,595 $156,617,722,013
2019 $5,173,760,192 $153,883,047,510
2018 $4,787,636,998 $130,891,088,294
2017 $4,748,174,334 $112,090,505,082
2016 $4,482,697,337 $93,355,869,404
2015 $4,279,840,194 $91,030,967,789
2014 $4,127,660,152 $133,503,871,862
2013 $4,167,800,929 $190,498,811,460
2012 $4,063,088,536 $182,591,753,828
2011 $3,691,384,318 $169,333,835,202
2010 $3,432,912,517 $141,209,170,427
2009 $3,165,663,153 $121,552,153,444
2008 $3,025,187,433 $188,110,390,660
2007 $2,730,971,595 $148,733,861,386
2006 $2,379,817,991 $111,884,752,475
2005 $824,880,550 $89,238,865,119
2004 $787,814,379 $67,220,154,164
2003 $743,063,950 $52,010,355,753
2002 $726,131,435 $43,956,163,612
2001 $712,167,450 $39,309,580,983
2000 $712,667,897 $32,375,083,935
1999 $694,754,988 $31,580,639,554
1998 $717,530,683 $41,882,523,345
1997 $749,138,010 $50,151,531,592
1996 $705,406,001 $44,558,831,005
1995 $621,626,786 $48,213,856,469
1994 $540,874,934 $52,549,580,265
1993 $454,101,382 $65,648,559,903
1992 $373,573,141 $73,945,908,384
1991 $348,533,095 $77,350,733,982
1990 $396,582,263 $81,393,558,423
1989 $379,779,390 $82,709,161,099
1988 $413,799,990 $74,703,517,903
1987 $354,591,847 $64,087,694,038
1986 $504,651,140 -
1985 $453,488,372 -
1984 $437,631,605 -
1983 $489,333,333 -
1982 $482,000,000 -
1981 $570,357,107 -
1980 $603,200,000 -
1979 $530,440,000 -
1978 $507,080,000 -
1977 $449,880,000 -
1976 $454,440,000 -
1975 $494,791,667 -
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 (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Guyana vs Ukraine by year

Guyana
GDP per capita

GDP per capita, PPP
Ukraine
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guyana Ukraine
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,675 $80,155 $5,038 $18,550
2023 $20,474 $54,729 $4,803 $17,665
2022 $17,913 $39,711 $3,946 $14,770
2021 $9,861 $22,866 $4,510 $17,846
2020 $6,776 $16,819 $3,505 $15,541
2019 $6,406 $13,241 $3,423 $14,217
2018 $6,048 $12,443 $2,895 $12,555
2017 $6,179 $12,243 $2,467 $11,536
2016 $5,871 $11,516 $2,047 $10,865
2015 $5,640 $11,408 $1,988 $9,922
2014 $5,473 $11,145 $2,904 $10,494
2013 $5,557 $11,200 $4,130 $10,904
2012 $5,444 $10,627 $3,951 $9,552
2011 $4,947 $10,066 $3,657 $9,127
2010 $4,582 $9,337 $3,040 $8,453
2009 $4,209 $8,824 $2,607 $7,995
2008 $4,009 $8,437 $4,018 $9,324
2007 $3,608 $8,110 $3,160 $8,900
2006 $3,136 $7,346 $2,366 $7,971
2005 $1,084 $6,761 $1,875 $7,142
2004 $1,033 $6,673 $1,401 $6,663
2003 $974 $6,392 $1,076 $5,764
2002 $951 $6,304 $903 $5,123
2001 $932 $6,131 $800 $4,747
2000 $932 $5,860 $653 $4,228
1999 $909 $5,812 $632 $3,871
1998 $940 $5,573 $831 $3,794
1997 $983 $5,615 $987 $3,794
1996 $928 $5,210 $870 $3,812
1995 $820 $4,753 $933 $4,124
1994 $716 $4,447 $1,009 $4,565
1993 $603 $4,027 $1,254 $5,766
1992 $498 $3,651 $1,413 $6,568
1991 $466 $3,322 $1,483 $7,148
1990 $529 $3,022 $1,564 $7,591
1989 $503 - $1,593 -
1988 $545 - $1,444 -
1987 $464 - $1,244 -
1986 $657 - - -
1985 $588 - - -
1984 $565 - - -
1983 $631 - - -
1982 $621 - - -
1981 $735 - - -
1980 $779 - - -
1979 $689 - - -
1978 $663 - - -
1977 $593 - - -
1976 $604 - - -
1975 $664 - - -
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 (1960–2024, retrieved 2026-04-06).

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

Guyana's GDP per capita is $29,675, ranking 41/197, compared to $5,038 in Ukraine, ranking 120/197. Adjusted for purchasing power (GDP per capita PPP), Guyana ranks 15th at $80,155, while Ukraine ranks 101st at $18,550.

Economic indicators

Guyana Ukraine
Gross domestic product
$24.7B
2024
$191B
2024
GDP rank
120/197
2024
57/197
2024
GDP growth
43.8%
2023-2024
2.91%
2023-2024
GDP per capita
$29,675
2024
$5,038
2024
GDP per capita rank
41/197
2024
120/197
2024
GDP per capita, PPP
$80,155
2024
$18,550
2024
GDP per capita PPP rank
15/197
2024
101/197
2024
Government debt
$5.99B
2024
$171B
2024
Debt-to-GDP ratio
24.3%
2024
89.7%
2024
Government debt per person
$7,213
2024
$4,520
2024
Government debt per person rank
66/185
2024
86/185
2024
Average annual personal income after taxes
$13,212
2026
$5,370
2026
Market capitalization of domestic companies n/a
$4.42B
2018
Number of billionaires n/a
7
2025
Income share by richest 10%
34.4%
1998
21.7%
2020
Income share by poorest 10%
1.1%
1998
4.3%
2020
Government expenditure, % of GDP
23.2%
2024
71.3%
2024
Consumer prices inflation
2.5%
2023-2024
6.5%
2023-2024
Central bank interest rate n/a
15.5%
2025
Unemployment rate
13.2%
2019
9.83%
2021
Population
842249
40125599

Spending and national debt comparison by year

Guyana
Spending

Debt
Ukraine
Spending

Debt
1x
Year % of GDP
Guyana Ukraine
Government spending Government debt Government spending Government debt
2024 23.2% 24.3% 71.3% 89.7%
2023 23.7% 26.7% 73.4% 81.2%
2022 20.3% 24.8% 65.4% 77.7%
2021 24.8% 45.7% 40.5% 48.9%
2020 30.5% 59.5% 45.6% 60.5%
2019 28.1% 54% 41.5% 50.5%
2018 27.6% 47.9% 41.9% 60.4%
2017 26.3% 46.1% 41.7% 71.6%
2016 25.2% 44% 40.8% 79.5%
2015 21.7% 42.2% 43% 79.3%
2014 23.1% 38.7% 44.8% 70.3%
2013 21.4% 41.4% 48.1% 40.5%
2012 21.8% 44.7% 49% 37.5%
2011 23.5% 51.7% 45.7% 36.9%
2010 23.9% 53.1% 49.2% 40.6%
2009 25.4% 52.3% 48.6% 35.4%
2008 24.1% 48.2% 47.1% 20.4%
2007 25.5% 47.7% 43.7% 12.3%
2006 29% 74.5% 44.6% 14.8%
2005 28.4% 90.7% 44.2% 17.7%
2004 23.7% 91.8% 41.6% 24.8%
2003 23.5% 95.6% 38.9% 29.4%
2002 23.1% 105.1% 37.9% 33.6%
2001 24% 104.6% 36.7% 36.7%
2000 22.9% 97.2% 35.5% 43.8%
1999 17.6% 97.1% 25.8% 59%
1998 19.7% 108% 37.1% 46.5%
1997 20.9% 101.3% 40.8% 28.9%
1996 - - 36.9% 24.4%
1995 - - 41.3% 30.2%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1996, retrieved 2026-02-20).

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

In 2024, Guyana's government spending was $5.72B, accounting for 23.2% of its GDP, while Ukraine spent $136B, or 71.3% of GDP.

Debt-to-GDP ratio is 24.3% in Guyana and 89.7% in Ukraine, ranking 168/185 and 33/185, respectively.

Government deficit by year

Deficit/surplus
Guyana

Ukraine
1x
Year Deficit/surplus, % of GDP
Guyana Ukraine
2024 -7.31% -17.2%
2023 -5.78% -19.3%
2022 -5.11% -15.6%
2021 -6.94% -3.97%
2020 -7.78% -5.92%
2019 -2.52% -2.08%
2018 -2.52% -2.12%
2017 -3.14% -2.36%
2016 -3.21% -2.46%
2015 -0.75% -1.16%
2014 -3.88% -4.46%
2013 -2.16% -4.78%
2012 -3.11% -4.31%
2011 -2.13% -2.76%
2010 -1.88% -5.77%
2009 -2.5% -6.27%
2008 -2.78% -3.14%
2007 -3.35% -1.97%
2006 -6.16% -1.36%
2005 -6.54% -2.28%
2004 -2.88% -4.41%
2003 -4.81% -0.89%
2002 -2.42% -1.84%
2001 -3.71% -3.03%
2000 -2.27% -3.19%
1999 -0.47% 4.95%
1998 -2.67% -2.69%
1997 -1.7% -5.37%
1996 - -3.09%
1995 - -4.72%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

GeoRank.org/economy/guyana/ukraine | 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 Ukraine's deficit of $32.8B, or 17.2% of GDP.

Over the past 28 years, Guyana recorded a fiscal deficit in 28 of those years, while Ukraine ran a deficit in 27 years. On average, Guyana posted an annual deficit equal to 3.59% of GDP, compared to deficit of 4.49% of GDP for Ukraine.

Inflation comparison by year

Inflation
Guyana

Ukraine
1x
Year Consumer prices inflation
Guyana Ukraine
2024 2.5% 6.5%
2023 4.5% 12.9%
2022 6.5% 20.2%
2021 3.3% 9.4%
2020 1.2% 2.7%
2019 2.1% 7.9%
2018 1.3% 10.9%
2017 1.9% 14.4%
2016 0.8% 13.9%
2015 -0.9% 48.7%
2014 0.7% 12.1%
2013 1.9% -0.3%
2012 2.4% 0.6%
2011 4.4% 8%
2010 4.3% 9.4%
2009 3% 15.9%
2008 8.1% 25.2%
2007 12.2% 12.8%
2006 6.7% 9.1%
2005 6.9% 13.5%
2004 4.7% 9%
2003 6% 5.2%
2002 5.4% 0.8%
2001 2.6% 12%
2000 6.1% 28.2%
1999 7.5% 22.7%
1998 4.6% 10.6%
1997 3.6% 15.9%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

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

Over the past 28 years, Guyana has recorded an average annual inflation rate of 4.08%, compared with 12.8% in Ukraine. In 2024, inflation was 2.5% in Guyana and 6.5% in Ukraine.

Top exports between countries

Guyana
Export category Export value
Raw materials & minerals $1.62M
Machinery & equipment $778K
Animal & marine products $15K
Ukraine
Export category Export value
Processed food, beverages & tobacco $5.67M
Animal & marine products $525K
Metals $485K
Raw agricultural goods $124K
Machinery & equipment $31K
Textiles & consumer goods $12K
Chemicals & pharma $7K
Wood & paper products $1K

Balance of trade

Guyana Ukraine
Current account balance
$2.35B
2023
-$15.1B
2024
Current account balance ranking
43/190
2023
179/190
2024
Current account balance, % of GDP
+13.9%
2023
-7.94%
2024
Goods imports
$6B
2023
$72.3B
2024
Goods exports
$13.2B
2023
$39.3B
2024
Service imports
$4.95B
2023
$22.9B
2024
Service exports
$529M
2023
$17.3B
2024
Imports of goods and services, % of GDP
109.7%
2005
48.3%
2024
Exports of goods and services, % of GDP
84.6%
2005
29.4%
2024

Economic freedom indices

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

Guyana Ukraine
Economic freedom 58.7 54.1
Economic freedom ranking 109/197 135/197
Property rights 46.7 21.6
Government integrity 38.8 35
Judicial effectiveness 48.6 28.2
Tax burden 76.4 83.7
Government spending 85 0
Fiscal health 39.9 3.9
Business freedom 70.9 57.4
Labor freedom 76 46.9
Monetary freedom 78.5 65.7
Trade freedom 59.2 73
Investment freedom 55 35
Financial freedom 30 30

Economic freedom comparison by year

Guyana
Ukraine
1x
Year Economic freedom index
Guyana Ukraine
2026 58.7 -
2025 58.2 -
2024 57.3 -
2023 56.9 -
2022 59.5 54.1
2021 57.4 56.2
2020 56.2 54.9
2019 56.8 52.3
2018 58.7 51.9
2017 58.5 48.1
2016 55.4 46.8
2015 55.5 46.9
2014 55.7 49.3
2013 53.8 46.3
2012 51.3 46.1
2011 49.4 45.8
2010 48.4 46.4
2009 48.4 48.8
2008 48.8 51
2007 53.7 51.5
2006 56.6 54.4
2005 56.5 55.8
2004 53 53.7
2003 50.3 51.1
2002 54.3 48.2
2001 53.3 48.5
2000 52.4 47.8
1999 53.3 43.7
1998 52.7 40.4
1997 53.2 43.5
1996 50.1 40.6
1995 45.7 39.9

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

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

The Economic Freedom Index for Guyana is 58.7, ranking 109/197, compared to 54.1 for Ukraine, ranking 135/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guyana Ukraine
Services, % of GDP
14.5%
2024
60.6%
2024
Industry, % of GDP
76%
2024
19%
2024
Agriculture, forestry, and fishing, % of GDP
7.62%
2024
7.11%
2024
GNI, Atlas method
$16.7B
2024
$184B
2024
GNI per capita, PPP
$52,290
2024
$18,560
2024
Total reserves including gold
$1.01B
2024
$43.8B
2024
Total reserves ranking
141/177
2024
46/177
2024
Net foreign direct investment
$1.14B
2023
-$3.71B
2024
Net inflows of foreign direct investment
$8.63B
2024
$4.02B
2024
Net outflows of foreign direct investment
$5.7M
2024
$305M
2024
Servicing debt to the IMF, % of GNI
3.73%
2024
5.42%
2024
Poverty at national poverty lines
35%
2020
23.2%
2020
Gross capital formation, % of GDP
32.3%
2005
18.6%
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/ukraine | 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 (1995–2024, 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 (2020–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1995–1996, retrieved 2026-02-20)
  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.