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 (2015): United States, Mexico, and El Salvador
Top 3 Exported Goods (2015): Fruit & Nuts, Apparel: Knit, and Sugar & Confectionery

Top Industries Source: CIA World Factbook

Sugar; Textiles and Clothing; Furniture; Chemicals

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $125,950,437,098 (2015)
GDP Growth Rate (annual %) 4.149% (2015)
GDP Per Capita, PPP (current international) $7,707 (2015)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 76/193 (2015)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 2.389% (2015)
External debt stocks, total (DOD, current US$) $18,761,127,000 (2014)
Total tax rate (% of commercial profits) 37.5% (2015)
Real Interest Rate (5 year average %) 9.647% (2015)
Manufacturing, value added (% of GDP) 19.581% (2015)
Current Account Balance (BoP, current US$) ($202,500,000) (2015)
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$) $19,166,017,401 (2015)
Exports of goods and services (current US$) $13,581,792,993 (2015)
Total Merchandise Trade (% of GDP) 49.484% (2014)
FDI, net inflows (BoP, current US$) $1,147,500,000 (2015)
Commercial Service Exports (current US$) $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