Source
Central bank

Bank of Guatemala

International Reserves

USD 12.8 billion (2018)

International Monetary Fund (IMF), data retrieved October 2019

Gross Domestic Product - GDP

USD 79.0 billion (2018, estimate)

GDP (Purchasing Power Parity)

Intl$ 145.6 billion (2018, estimate)

Real GDP growth
2007 2008 2009 2010 2011 2012 2013
6.3% 3.3% 0.5% 2.9% 4.2% 3% 3.7%
2014 2015 2016 2017* 2018*    
4.2% 4.1% 3.1% 2.8% 3.1%    

*Estimate

GDP per capita - current prices

USD 4,575.1 (2018, estimate)

GDP per capita - PPP

Intl$ 8,436.4 (2018, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2019*
0.15% 0.12% 0.12% 0.11% 0.11%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 10% 
  • industry: 24.6% 
  • services: 62.9%

(2018 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2015 2016 2017 2018* 2019*
2.4% 4.4% 4.4% 3.8% 4.2%

*Estimate

Unemployment rate
2015 2016 2017 2018 2019
N/A N/A N/A N/A N/A

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2015 2016 2017 2018* 2019*
24.2% 24% 23.8% 24.7% 25.2%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2015 2016 2017 2018* 2019*
-1.4% -1.1% -1.3% -1.8% -2.1%

*Estimate

Government bond ratings

Standard & Poor's: BB-

Moody's: Ba1

Standard & Poor's / Moody's

Market value of publicly traded shares
2016 2017 2018
N/A N/A N/A
Largest companies

N/A

 
 
Source
Current account balance

USD 0.6 billion (2018 estimate)

Current account balance by percentage of GDP

0.8 % (2018 estimate)

Exports as percent of GDP (Exports of goods and services)

18.1% (2018)

Shares in world total merchandising export

0.06% (2018)

Shares in world total commercial services export

0.05% (2018)

Total exports

USD 13.9 billion (2018)

Export commodities

Sugar, coffee, petroleum, apparel, bananas, fruits and vegetables, cardamom, manufacturing products, precious stones and metals, electricity

Total imports

USD 21.8 billion (2018 estimate)

 
 
Source
Import commodities

Fuels, machinery and transport equipment, construction materials, grain, fertilizers, electricity, mineral products, chemical products, plastic materials and products

Exports - major partners

US 33.8%, El Salvador 11.1%, Honduras 8.8%, Nicaragua 5.1%, Mexico 4.7% (2017)

Imports - major partners

US 39.8%, China 10.7%, Mexico 10.7%, El Salvador 5.3% (2017)

FDI inflows
2016 2017 2018
USD 1,175 million USD 1,013 million USD 1,056 million
FDI outflows
2016 2017 2018
USD 107 million USD 12 million USD 235 million
Value of cross-border M&A, by country of purchaser
2015 2016 2017 2018
N/A N/A N/A N/A
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking:

96 out of 190 countries

​Subcategories:
Starting a Business: 99 out of 190 countries
Dealing with Construction Permits: 118 out of 190 countries
Getting Electricity: 46 out of 190 countries
Registering Property: 89 out of 190 countries
Getting Credit: 15 out of 190 countries
Protecting Minority Investors: 153 out of 190 countries
Paying Taxes: 104 out of 190 countries
Trading across Borders: 82 out of 190 countries
Enforcing Contracts: 176 out of 190 countries
Resolving Insolvency: 157 out of 190 countries

Global competitiveness ranking

98 out of 141 countries

​(2019)

Index of Economic Freedom

Ranking: 77 / Score: 62.6 (Moderately free)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC-6

Total area

108,899 sq km

Capital

Guatemala City

Currency

Quetzales (GTQ)

Government type

Presidential republic

Languages

Spanish (official) 68.9%, Maya languages 30.9% (K'iche 8.7%, Q'eqchi 7%, Mam 4.6%, Kaqchikel 4.3%, other 6.3%), other 0.3% (includes Xinca and Garifuna) (2001 est.)

Religions

Roman Catholic, Protestant, indigenous Mayan beliefs

Total population
1990 2000 2010 2015 2020*
9.26 million 11.65 million 14.63 million 16.25 million 17.97 million

*Estimate  

 
 
Source
Urban population as % of total population
1960 1980 2000 2018
31.1% 38.7% 45.3% 51.1%
Population median age

22.5 years 

Population growth rate

1.72% (2018 estimate)

Life expectancy

71.8 years (2018 estimate)

Literacy

Total population: 81.5% 
Male: 87.4% 
Female: 76.3%
Definition: age 15 and over can read and write (2015 est.)

% of population living on less than $3.10 a day

24.2% (last available estimate, 2014)

Inequality of wealth distribution (Gini index)

48.3 (last available estimate, 2014)

Freedom House rating

Partly Free
Political Rights: 4
Civil Liberties: 4 (2019)
(1 represents the most free, 7 the least free rating)

Source
Total telephone subscribers as % of population

Fixed: 14.1%

Mobile: 118.7%

(2018)

(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

65 % (2017)

Mercer Cost of living index

Guatemala City: 136th (2019)

CO2 emissions

1.15 metric tons per capita (2014)

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