Guatemala Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Guatemala; country and population overview  DATA ON GDP AND ECONOMIC INFORMATION DATA ON TRADE AND COMPETITIVENESS | Current account balance |  | US$ -1.5 billion (2009 estimate)(After 2008) | | Current account balance by percentage of GDP | | -3.3% of GDP (2009 estimate)(2009) | | Exports as percent of GDP (Exports of goods and services) | | 22.2% (2009) (Data released on December 2010) | | Shares in world total merchandising export | | 0.06%(2007) (Data were released in Nov 2011 and refer to 2010) | | Shares in world total commercial services export | | 0.06%(2007) (Data were released in Nov 2011 and refer to 2010) | | Total exports | | US$8.47 billion f.o.b. (2010 estimate) | | Export commodities | | coffee, sugar, petroleum, apparel, bananas, fruits and vegetables, cardamom | | Total imports | | US$15.42 billion f.o.b. (2008 estimate) | | Import commodities | | fuels, machinery and transport equipment, construction materials, grain, fertilizers, electricity | | Exports - major partners | | US 42.2%, El Salvador 9.6%, Honduras 8.6%, Mexico 6.5%, Costa Rica 4.5% (2007) | | Imports - major partners | | US 34.9%, Mexico 9.9%, China 6.8%, El Salvador 4.6%, Costa Rica 4.1% (2007) | | FDI inflows | | | 2008 | 2009 | 2010 | | | US$754 million | US$600 million(2009) | US$687 million(2009) | |
| | FDI outflows | | | 2008 | 2009 | 2010 | | | US$16 million | US$26 million | US$24 million | |
| | Value of cross-border M&A, by country of purchaser | | | 2008 | 2009 | 2010 | 2011 | | N/A | N/A(2009) | N/A(2009) | N/A |
| | Cross-border M&A deals worth over $3 billion completed in 2008 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal) | | N/A (for a monthly update on M&A click here ) | | Cross-border M&A deals worth over $3 billion completed in 2010 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal) | | N/A(2008 estimate) (for a monthly update on M&A click here ) | Best countries for doing business World Bank/IFC Doing Business Project (Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.) | | Overall ranking: 101 out of 183 countries(2009) (2010) Subcategories: Starting a business: 162 out of 183 countries(2009) Registering property: 23 out of 183 countries Paying Taxes: 116 out of 183 countries Getting credit: 6 out of 183 countries Protecting investors: 132 out of 183 countries Trading across border: 122 out of 183 countries Enforcing Contracts: 101 out of 183 countries (2010) | Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best) | | 84 (2011/2012) | Index of Economic Freedom WSJ and Heritage Foundation | | Ranking: 79 Score: 61.9 (Moderately Free) (2009) (100=totally free 0=totally repressed ) |
COUNTRY AND POPULATION OVERVIEW | Time zone | | UTC-6 | | Total area | | 108,899 km2 (2006) | | Capital | | Guatemala (2009) | | Currency | | quetzales (GTQ) (2009) | | Government type | | constitutional democratic republic (2009) | | Languages | | Spanish 60%, Amerindian languages 40% (23 officially recognized Amerindian languages, including Quiche, Cakchiquel, Kekchi, Mam, Garifuna, and Xinca) | | Religions | | Roman Catholic, Protestant, indigenous Mayan beliefs | | Total population | | | 1980 | 1990 | 2000 | 2010* | 2015** | | 6.39 million | 8.21 million | 11.23 million | 14.36 million | 16.18 million |
*Estimate **Forecast | | Urban population as % of total population | | | 1960 | 1980 | 2000 | 2009 | | 31.1% | 37.4% | 45.1% | 49% |
| | Population median age | | 18.0 years (2006) | | Population growth rate | | 2.5% (2009) | | Life expectancy | | 70 years (2007) | | Adult literacy | | 73% (2000/2007) | | % of population living on less than $2 a day | | 24.29% (2011) | | Inequality of wealth distribution (Gini index) | | 53.7 (2006) (0=perfect equality, 100=absolute inequality) | | Freedom House rating | | Political Rights:4
Civil Liberties:4 (2010) (1 represents the most free, 7 the least free) | | Total telephone subscribers as % of population | | 135.98% (2010) (sum of fixed telephone lines and mobile cellular subscribers) | | Internet users as % of total population | | 10.5% (Data were released in 2011 and refer to 2010) | | Cost of living index (ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive) | | Guatemala City: 168th (2011) | CO2 emissions
(Metric tons of CO2 per capita) | | 0.8705 (2008) |
 GLOBAL FINANCE RANKINGS AND AWARDS WORLD'S BEST FOREIGN EXCHANGE BANKS2010:- COUNTRY WINNERS Banco Industrial (National, 2010)
2009:- COUNTRY WINNERS Banco Industrial (National, 2009)
WORLD'S BEST INTERNET BANKS2011:- COUNTRY WINNERS / Best Consumer Internet Banks Banco Agromercantil de Guatemala (National, 2011)
- COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2011)
2010:- COUNTRY WINNERS / Best Corporate/Institutional Internet Banks Citi (National, 2010)
2009:- COUNTRY WINNERS / Best Corporate/Institutional Internet Banks Citi (2009)
WORLD'S BEST EMERGING MARKET BANKS2011:- COUNTRY WINNERS Banco Agromercantil (National, 2011)
2010:- COUNTRY WINNERS Banco Agromercantil (National, 2010)
2009:- COUNTRY WINNERS Banco Agromercantil (National, 2009)
WORLD'S BEST FOREIGN EXCHANGE PROVIDERS2011:- COUNTRY WINNERS Banco Industrial (National, 2011)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE |
Country Economic Reports & GDP Data 
RSS
Feeds