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Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Guatemala economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Guatemala best banks and safest banks are also available.
Guatemala continues to expand amid social tensions, crime and COVID-19.
USD 12.8 billion (2018)
International Monetary Fund (IMF), data retrieved October 2019
USD 79.0 billion (2018, estimate)
Intl$ 145.6 billion (2018, estimate)
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
1980 | 1990 | 2000 | 2010 | 2019* |
0.15% | 0.12% | 0.12% | 0.11% | 0.11% |
*Estimate
(2018 estimate)
2015 | 2016 | 2017 | 2018* | 2019* |
2.4% | 4.4% | 4.4% | 3.8% | 4.2% |
*Estimate
2015 | 2016 | 2017 | 2018 | 2019 |
N/A | N/A | N/A | N/A | N/A |
*Estimate
2015 | 2016 | 2017 | 2018* | 2019* |
24.2% | 24% | 23.8% | 24.7% | 25.2% |
*Estimate
2015 | 2016 | 2017 | 2018* | 2019* |
-1.4% | -1.1% | -1.3% | -1.8% | -2.1% |
*Estimate
Standard & Poor's: BB-
Moody's: Ba1
Standard & Poor's / Moody's
2016 | 2017 | 2018 |
N/A | N/A | N/A |
-0.7% (2017 estimate)
21.3% (2015)
0.07% (2015)
0.06% (2015)
Sugar, coffee, petroleum, apparel, bananas, fruits and vegetables, cardamom, manufacturing products, precious stones and metals, electricity
Fuels, machinery and transport equipment, construction materials, grain, fertilizers, electricity, mineral products, chemical products, plastic materials and products
US 34.9%, El Salvador 8.4%, Honduras 7.3%, Nicaragua 5%, Canada 4.6%, Mexico 4.3%, Costa Rica 4.1% (2015)
US 38.3%, China 13.4%, Mexico 11.8%, El Salvador 4.9% (2015)
2013 | 2014 | 2015 |
USD 1,296 million | USD 1,389 million | USD 1,208 million |
2013 | 2014 | 2015 |
USD 34 million | USD 106 million | USD 93 million |
2012 | 2013 | 2014 | 2015 |
N/A | N/A | N/A | N/A |
N/A
N/A
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: 88 out of 190 countries (2016)
Subcategories:
Starting a business: 119 out of 190 countries
Enforcing Contracts: 173 out of 190 countries
Registering Property: 74 out of 190 countries
Getting credit: 16 out of 190 countries
Protecting investors: 173 out of 190 countries
Trading across border: 77 out of 190 countries
Paying Taxes: 93 out of 190 countries
Dealing with Construction Permits: 89 out of 190 countries
Getting Electricity: 19 out of 190 countries
Resolving Insolvency: 149 out of 190 countries
78 out of 138 countries
(2016-2017)
Ranking: 82 / Score: 61.81 (Moderately free) (2017)
(100=totally free 0=totally repressed)
Spanish (official) 60%, Amerindian languages 40%
Note: there are 23 officially recognized Amerindian languages, including Quiche, Cakchiquel, Kekchi, Mam, Garifuna, and Xinca
Roman Catholic, Protestant, indigenous Mayan beliefs
1990 | 2000 | 2010 | 2016* | 2021* |
8.91 million | 11.231 million | 14.377 million | 16.673 million | 18.864 million |
*Estimate
1960 | 1980 | 2000 | 2015 |
31% | 37% | 45% | 52% |
Total population: 81.5%
Male: 87.4%
Female: 76.3% (2015 est.)
(age 15 and over can read and write)
8.1% (2014)
48.7 (2014)
(0=perfect equality, 100=absolute inequality)
Political Rights: 4
Civil Liberties: 4 (2017)
(1 represents the most free, 7 the least free rating)
Fixed 10.57% Mobile 111.48% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)