National Debt (% of GDP): Guyana

Analysis# Guyana National Debt (% of GDP) Guyana's national debt stands at 29.3% of GDP in 2026, reflecting a dramatic fiscal transformation since 1997. The country peaked at 108% in 1998 before embarking on a sustained deleveraging effort that reduced debt by 71.1 percentage points over three decades. The current level sits modestly above the all-time low of 24.3% recorded in 2024, indicating Guyana maintains debt levels well below historical norms. The sharpest improvement occurred between 2021 and 2022, when debt collapsed from 45.7% to 24.8%—a 21-percentage-point drop in a single year driven by oil revenue expansion. This marked a fundamental shift in Guyana's fiscal position following decades of gradual consolidation. Forward projections show debt stabilizing around 29% through 2026, suggesting the country has achieved sustainable debt management and positioned itself to weather future economic cycles from a position of relative strength.