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Economy of Guyana vs Uruguay compared: GDP & Debt

Updated on by Georank team

Guyana has a GDP of $24.7B compared to $81B for Uruguay, ranking 120/197 and 81/197 by economy size, respectively.

Guyana has $5.99B in government debt (24.3% of GDP), compared to $55.6B (68.7% of GDP) in Uruguay.

Guyana vs Uruguay GDP by year

Guyana
Uruguay
1x
Year GDP, current $
Guyana Uruguay
2024 $24,662,709,832 $80,961,511,074
2023 $16,918,503,597 $77,991,666,838
2022 $14,718,388,489 $70,594,110,920
2021 $8,041,362,110 $60,739,084,241
2020 $5,471,256,595 $53,559,359,262
2019 $5,173,760,192 $62,222,313,619
2018 $4,787,636,998 $65,344,577,416
2017 $4,748,174,334 $65,005,997,963
2016 $4,482,697,337 $57,480,787,465
2015 $4,279,840,194 $57,680,327,999
2014 $4,127,660,152 $61,496,186,974
2013 $4,167,800,929 $61,337,621,934
2012 $4,063,088,536 $54,232,266,359
2011 $3,691,384,318 $50,342,406,067
2010 $3,432,912,517 $41,950,361,212
2009 $3,165,663,153 $32,708,319,078
2008 $3,025,187,433 $31,119,602,539
2007 $2,730,971,595 $23,797,773,024
2006 $2,379,817,991 $19,741,420,740
2005 $824,880,550 $17,362,857,684
2004 $787,814,379 $13,686,329,890
2003 $743,063,950 $12,045,638,352
2002 $726,131,435 $13,606,515,723
2001 $712,167,450 $20,898,761,742
2000 $712,667,897 $22,823,270,892
1999 $694,754,988 $23,983,945,191
1998 $717,530,683 $25,385,886,978
1997 $749,138,010 $23,969,739,234
1996 $705,406,001 $20,515,458,114
1995 $621,626,786 $19,297,663,097
1994 $540,874,934 $17,474,588,896
1993 $454,101,382 $15,002,136,971
1992 $373,573,141 $12,878,148,791
1991 $348,533,095 $11,206,176,651
1990 $396,582,263 $9,298,807,850
1989 $379,779,390 $8,438,951,476
1988 $413,799,990 $8,213,538,369
1987 $354,591,847 $7,367,494,080
1986 $504,651,140 $5,880,112,788
1985 $453,488,372 $4,732,017,873
1984 $437,631,605 $4,850,238,550
1983 $489,333,333 $5,102,276,308
1982 $482,000,000 $9,178,780,077
1981 $570,357,107 $11,048,301,421
1980 $603,200,000 $10,163,020,116
1979 $530,440,000 $7,181,182,224
1978 $507,080,000 $4,910,254,566
1977 $449,880,000 $4,114,670,014
1976 $454,440,000 $3,667,161,241
1975 $494,791,667 $3,538,278,047
1974 $433,954,545 $4,090,209,682
1973 $307,047,619 $3,964,296,443
1972 $285,380,952 $2,189,418,689
1971 $282,050,000 $2,807,258,065
1970 $267,800,000 $2,137,096,774
1969 $249,300,000 $2,004,435,484
1968 $229,750,000 $1,593,674,185
1967 $250,176,471 $1,597,713,469
1966 $228,705,882 $1,809,185,094
1965 $213,235,294 $1,890,767,156
1964 $194,774,513 $1,975,701,816
1963 $175,757,894 $1,539,681,491
1962 $194,949,513 $1,710,004,407
1961 $185,849,535 $1,547,388,781
1960 $170,216,241 $1,242,289,239

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

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

GDP per capita in Guyana vs Uruguay by year

Guyana
GDP per capita

GDP per capita, PPP
Uruguay
GDP per capita

GDP per capita, PPP
1x
Year Current $
Guyana Uruguay
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,675 $80,155 $23,907 $36,418
2023 $20,474 $54,729 $23,019 $34,471
2022 $17,913 $39,711 $20,819 $33,001
2021 $9,861 $22,866 $17,882 $29,432
2020 $6,776 $16,819 $15,758 $25,725
2019 $6,406 $13,241 $18,316 $25,783
2018 $6,048 $12,443 $19,250 $24,386
2017 $6,179 $12,243 $19,185 $23,607
2016 $5,871 $11,516 $17,010 $22,841
2015 $5,640 $11,408 $17,126 $22,169
2014 $5,473 $11,145 $18,322 $21,868
2013 $5,557 $11,200 $18,335 $20,661
2012 $5,444 $10,627 $16,260 $19,495
2011 $4,947 $10,066 $15,132 $19,135
2010 $4,582 $9,337 $12,641 $17,873
2009 $4,209 $8,824 $9,881 $16,422
2008 $4,009 $8,437 $9,424 $15,694
2007 $3,608 $8,110 $7,222 $14,397
2006 $3,136 $7,346 $6,001 $13,179
2005 $1,084 $6,761 $5,284 $12,296
2004 $1,033 $6,673 $4,169 $11,103
2003 $974 $6,392 $3,671 $10,303
2002 $951 $6,304 $4,150 $10,030
2001 $932 $6,131 $6,383 $10,719
2000 $932 $5,860 $6,988 $10,929
1999 $909 $5,812 $7,371 $10,938
1998 $940 $5,573 $7,837 $11,002
1997 $983 $5,615 $7,436 $10,461
1996 $928 $5,210 $6,398 $9,524
1995 $820 $4,753 $6,050 $8,906
1994 $716 $4,447 $5,508 $8,897
1993 $603 $4,027 $4,753 $8,162
1992 $498 $3,651 $4,102 $7,808
1991 $466 $3,322 $3,589 $7,112
1990 $529 $3,022 $2,995 $6,683
1989 $503 - $2,734 -
1988 $545 - $2,677 -
1987 $464 - $2,416 -
1986 $657 - $1,939 -
1985 $588 - $1,568 -
1984 $565 - $1,615 -
1983 $631 - $1,707 -
1982 $621 - $3,085 -
1981 $735 - $3,728 -
1980 $779 - $3,443 -
1979 $689 - $2,443 -
1978 $663 - $1,678 -
1977 $593 - $1,414 -
1976 $604 - $1,268 -
1975 $664 - $1,232 -
1974 $588 - $1,433 -
1973 $421 - $1,397 -
1972 $395 - $776 -
1971 $396 - $1,000 -
1970 $381 - $766 -
1969 $361 - $723 -
1968 $340 - $579 -
1967 $378 - $585 -
1966 $353 - $668 -
1965 $336 - $705 -
1964 $313 - $745 -
1963 $288.8 - $587 -
1962 $327 - $659 -
1961 $319 - $604 -
1960 $299.1 - $491 -

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

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

Guyana's GDP per capita is $29,675, ranking 41/197, compared to $23,907 in Uruguay, ranking 52/197. Adjusted for purchasing power (GDP per capita PPP), Guyana ranks 15th at $80,155, while Uruguay ranks 61st at $36,418.

Economic indicators

Guyana Uruguay
Gross domestic product
$24.7B
2024
$81B
2024
GDP rank
120/197
2024
81/197
2024
GDP growth
43.8%
2023-2024
3.11%
2023-2024
GDP per capita
$29,675
2024
$23,907
2024
GDP per capita rank
41/197
2024
52/197
2024
GDP per capita, PPP
$80,155
2024
$36,418
2024
GDP per capita PPP rank
15/197
2024
61/197
2024
Government debt
$5.99B
2024
$55.6B
2024
Debt-to-GDP ratio
24.3%
2024
68.7%
2024
Government debt per person
$7,213
2024
$16,421
2024
Government debt per person rank
66/185
2024
38/185
2024
Average annual personal income after taxes
$13,212
2026
$12,433
2026
Market capitalization of domestic companies n/a
$284M
1996
Income share by richest 10%
34.4%
1998
30%
2024
Income share by poorest 10%
1.1%
1998
2.2%
2024
Government expenditure, % of GDP
23.2%
2024
31.1%
2024
Consumer prices inflation
2.5%
2023-2024
4.85%
2023-2024
Central bank interest rate n/a
8.25%
2025
Unemployment rate
13.2%
2019
8.21%
2024
Population
842249
3382789

Spending and national debt comparison by year

Guyana
Spending

Debt
Uruguay
Spending

Debt
1x
Year % of GDP
Guyana Uruguay
Government spending Government debt Government spending Government debt
2024 23.2% 24.3% 31.1% 68.7%
2023 23.7% 26.7% 30.5% 64%
2022 20.3% 24.8% 30% 59.9%
2021 24.8% 45.7% 30.2% 64.1%
2020 30.5% 59.5% 32.8% 68.2%
2019 28.1% 54% 30.6% 59.6%
2018 27.6% 47.9% 30.3% 57.9%
2017 26.3% 46.1% 29.7% 55.8%
2016 25.2% 44% 29.7% 56.4%
2015 21.7% 42.2% 28.4% 57.8%
2014 23.1% 38.7% 29.1% 51.1%
2013 21.4% 41.4% 28.8% 50%
2012 21.8% 44.7% 27.7% 49.8%
2011 23.5% 51.7% 26.3% 41.3%
2010 23.9% 53.1% 27.4% 40.9%
2009 25.4% 52.3% 27.2% 46.2%
2008 24.1% 48.2% 26.3% 46.2%
2007 25.5% 47.7% 26.8% 52.8%
2006 29% 74.5% 26.8% 61.1%
2005 28.4% 90.7% 26.3% 66.2%
2004 23.7% 91.8% 26.6% 73.7%
2003 23.5% 95.6% 27.7% 91.9%
2002 23.1% 105.1% 27.6% 90.1%
2001 24% 104.6% 27.8% 39.4%
2000 22.9% 97.2% 26.6% 30.5%
1999 17.6% 97.1% 27.2% 24.1%
1998 19.7% 108% 27.3% 19.4%
1997 20.9% 101.3% 27.6% 18.8%
1996 - - 26.5% 18.3%
1995 - - 26.2% 18.5%
1994 - - 29.5% 19.3%
1993 - - 27.7% 20%
1992 - - 23.6% 22.2%
1991 - - 22.2% 20.4%
1990 - - 21.1% 26.2%
1989 - - 37% -
1988 - - 26% 34.8%
1987 - - 24.4% 37.3%
1986 - - 25.1% 34.6%
1985 - - 24.6% 29%
1984 - - 25.6% 39.5%
1983 - - 26.5% 21.2%
1982 - - 29.5% 13.5%
1981 - - 25% 4.32%
1980 - - 21.8% 4.59%
1979 - - 20.2% 3.98%
1978 - - 22.9% 5.64%
1977 - - 23.5% 7.26%
1976 - - 24.2% 8.67%
1975 - - 23% 8.13%
1974 - - 23.8% 7.61%
1973 - - 22.6% 7%
1972 - - 24.6% 9.12%
1971 - - 20.1% 9.3%
1970 - - 15.1% 6.11%
1969 - - 14.6% -
1968 - - 14.1% -
1967 - - 14.7% -
1966 - - 14.1% -
1965 - - 15.6% -
1964 - - 14.3% -
1963 - - 14.6% -
1962 - - 16% -
1961 - - 13% -
1960 - - 9.9% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1998, retrieved 2026-02-20).

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

In 2024, Guyana's government spending was $5.72B, accounting for 23.2% of its GDP, while Uruguay spent $25.2B, or 31.1% of GDP.

Debt-to-GDP ratio is 24.3% in Guyana and 68.7% in Uruguay, ranking 168/185 and 59/185, respectively.

Government deficit by year

Deficit/surplus
Guyana

Uruguay
1x
Year Deficit/surplus, % of GDP
Guyana Uruguay
2024 -7.31% -3.22%
2023 -5.78% -3.13%
2022 -5.11% -2.52%
2021 -6.94% -2.61%
2020 -7.78% -4.64%
2019 -2.52% -2.71%
2018 -2.52% -1.89%
2017 -3.14% -2.51%
2016 -3.21% -2.68%
2015 -0.75% -1.86%
2014 -3.88% -2.6%
2013 -2.16% -1.72%
2012 -3.11% -2.17%
2011 -2.13% -0.33%
2010 -1.88% -0.39%
2009 -2.5% -1.39%
2008 -2.78% -1.31%
2007 -3.35% -0.16%
2006 -6.16% -0.64%
2005 -6.54% -0.28%
2004 -2.88% -0.87%
2003 -4.81% -2.19%
2002 -2.42% -3.19%
2001 -3.71% -2.85%
2000 -2.27% -2.76%
1999 -0.47% -2.76%
1998 -2.67% -0.76%
1997 -1.7% -0.97%
1996 - -1.32%
1995 - -1.08%
1994 - -2.37%
1993 - -0.47%
1992 - 0.6%
1991 - 0.88%
1990 - 0.49%
1989 - -13.1%
1988 - -1.47%
1987 - -0.66%
1986 - -0.34%
1985 - -1.88%
1984 - -4.94%
1983 - -3.54%
1982 - -8.22%
1981 - -1.15%
1980 - 0.43%
1979 - 0.99%
1978 - -0.47%
1977 - -0.69%
1976 - -2.01%
1975 - -4.38%
1974 - -3.74%
1973 - -1.09%
1972 - -2.25%
1971 - -5.86%
1970 - -1.33%
1969 - -2.37%
1968 - -2.93%
1967 - -4.12%
1966 - -2.01%
1965 - -5.14%
1964 - -3.61%
1963 - -4.4%
1962 - -5.02%
1961 - -0.86%
1960 - 0.79%
1959 - 0.64%
1958 - -1.38%
1957 - -0.72%
1956 - 0.04%
1955 - -1.24%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1955–1998, retrieved 2026-02-20).

GeoRank.org/economy/guyana/uruguay | 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 Uruguay's deficit of $2.6B, or 3.22% of GDP.

Over the past 28 years, Guyana recorded a fiscal deficit in 28 of those years, while Uruguay ran a deficit in 28 years. On average, Guyana posted an annual deficit equal to 3.59% of GDP, compared to deficit of 1.97% of GDP for Uruguay.

Inflation comparison by year

Inflation
Guyana

Uruguay
1x
Year Consumer prices inflation
Guyana Uruguay
2024 2.5% 4.85%
2023 4.5% 5.87%
2022 6.5% 9.1%
2021 3.3% 7.75%
2020 1.2% 9.76%
2019 2.1% 7.88%
2018 1.3% 7.61%
2017 1.9% 6.22%
2016 0.8% 9.64%
2015 -0.9% 8.67%
2014 0.7% 8.88%
2013 1.9% 8.58%
2012 2.4% 8.1%
2011 4.4% 8.09%
2010 4.3% 6.7%
2009 3% 7.06%
2008 8.1% 7.88%
2007 12.2% 8.11%
2006 6.7% 6.4%
2005 6.9% 4.7%
2004 4.7% 9.16%
2003 6% 19.4%
2002 5.4% 14%
2001 2.6% 4.36%
2000 6.1% 4.76%
1999 7.5% 5.66%
1998 4.6% 10.8%
1997 3.6% 19.8%

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/uruguay | CC BY

Over the past 28 years, Guyana has recorded an average annual inflation rate of 4.08%, compared with 8.56% in Uruguay. In 2024, inflation was 2.5% in Guyana and 4.85% in Uruguay.

Top exports between countries

Guyana
Export category Export value
Metals $173K
Machinery & equipment $89K
Textiles & consumer goods $46K
Wood & paper products $32K
Uruguay
Export category Export value
Chemicals & pharma $5.12M
Animal & marine products $216K
Machinery & equipment $24K

Balance of trade

Guyana Uruguay
Current account balance
$2.35B
2023
-$633M
2024
Current account balance ranking
43/190
2023
111/190
2024
Current account balance, % of GDP
+13.9%
2023
-0.78%
2024
Goods imports
$6B
2023
$13B
2024
Goods exports
$13.2B
2023
$16.3B
2024
Service imports
$4.95B
2023
$6.22B
2024
Service exports
$529M
2023
$7.1B
2024
Imports of goods and services, % of GDP
109.7%
2005
23.7%
2024
Exports of goods and services, % of GDP
84.6%
2005
28.8%
2024

Economic freedom indices

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

Guyana Uruguay
Economic freedom 58.7 69.8
Economic freedom ranking 109/197 39/197
Property rights 46.7 87.4
Government integrity 38.8 79
Judicial effectiveness 48.6 80.9
Tax burden 76.4 73.3
Government spending 85 72
Fiscal health 39.9 76.6
Business freedom 70.9 83.8
Labor freedom 76 61.7
Monetary freedom 78.5 70.2
Trade freedom 59.2 73.2
Investment freedom 55 50
Financial freedom 30 30

Economic freedom comparison by year

Guyana
Uruguay
1x
Year Economic freedom index
Guyana Uruguay
2026 58.7 69.8
2025 58.2 70.2
2024 57.3 69.8
2023 56.9 70.2
2022 59.5 70
2021 57.4 69.3
2020 56.2 69.1
2019 56.8 68.6
2018 58.7 69.2
2017 58.5 69.7
2016 55.4 68.8
2015 55.5 68.6
2014 55.7 69.3
2013 53.8 69.7
2012 51.3 69.9
2011 49.4 70
2010 48.4 69.8
2009 48.4 69.1
2008 48.8 67.9
2007 53.7 68.4
2006 56.6 65.3
2005 56.5 66.9
2004 53 66.7
2003 50.3 69.8
2002 54.3 68.7
2001 53.3 70.7
2000 52.4 69.3
1999 53.3 68.5
1998 52.7 68.6
1997 53.2 67.5
1996 50.1 63.7
1995 45.7 62.5

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

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

The Economic Freedom Index for Guyana is 58.7, ranking 109/197, compared to 69.8 for Uruguay, ranking 39/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Guyana Uruguay
Services, % of GDP
14.5%
2024
65.3%
2024
Industry, % of GDP
76%
2024
16.8%
2024
Agriculture, forestry, and fishing, % of GDP
7.62%
2024
6.42%
2024
GNI, Atlas method
$16.7B
2024
$73.3B
2024
GNI per capita, PPP
$52,290
2024
$34,170
2024
Total reserves including gold
$1.01B
2024
$17.4B
2024
Total reserves ranking
141/177
2024
66/177
2024
Net foreign direct investment
$1.14B
2023
$2.58B
2024
Net inflows of foreign direct investment
$8.63B
2024
-$3.94B
2024
Net outflows of foreign direct investment
$5.7M
2024
-$1.37B
2024
Servicing debt to the IMF, % of GNI
3.73%
2024
n/a
Poverty at national poverty lines
35%
2020
17.3%
2024
Gross capital formation, % of GDP
32.3%
2005
15.6%
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/uruguay | 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 (1997–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1955–1998, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, 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.