Guatemala: Economy

Economic Trivia

The private sector accounts for 85% of Guatemala's GDP.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2014): United States, Mexico, and El Salvador
Top 3 Exported Goods (2014): Sugar & Confectionery, Fruit & Nuts, and Apparel: Knit

Top Industries Source: CIA World Factbook

Sugar; Textiles and Clothing; Furniture; Chemicals

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $119,384,016,548 (2014)
GDP Growth Rate (annual %) 4.25% (2014)
GDP Per Capita, PPP (current international) $7,454 (2014)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 78/193 (2014)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 3.418% (2014)
External debt stocks, total (DOD, current US$) $16,823,187,000 (2013)
Total tax rate (% of commercial profits) 37.5% (2015)
Real Interest Rate (5 year average %) 10.503% (2014)
Manufacturing, value added (% of GDP) 19.895% (2014)
Current Account Balance (BoP, current US$) ($1,229,741,258) (2014)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 6,827,724 (2014)
Employment in Agriculture (% of total employment) 32.7% (2013)
Employment in Industry (% of total employment) 17.1% (2013)
Employment in Services (% of total employment) 50.2% (2013)
Unemployment Rate 2.9% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $19,524,375,081 (2014)
Exports of goods and services (current US$) $13,575,065,441 (2014)
Total Merchandise Trade (% of GDP) 49.484% (2014)
FDI, net inflows (BoP, current US$) $1,204,670,350 (2014)
Commercial Service Exports (current US$) $2,686,605,896 (2014)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Guatemala’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary