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 (2016): United States, Mexico, and El Salvador
Top 3 Exported Goods (2016): Fruit & Nuts, Apparel: Knit, and Sugar & Confectionery

Top Industries Source: CIA World Factbook

Sugar; Textiles and Clothing; Furniture; Chemicals

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $131,742,598,078 (2016)
GDP Growth Rate (annual %) 3.067% (2016)
GDP Per Capita, PPP (current international) $7,945 (2016)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 78/195 (2016)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 4.448% (2016)
External debt stocks, total (DOD, current US$) $21,234,013,000 (2016)
Total tax rate (% of commercial profits) 35.2% (2017)
Real Interest Rate (5 year average %) 8.882% (2016)
Manufacturing, value added (% of GDP) 19.365% (2016)
Current Account Balance (BoP, current US$) $1,023,400,000 (2016)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 6,812,567 (2017)
Employment in Agriculture (% of total employment) 29.39% (2017)
Employment in Industry (% of total employment) 21.053% (2017)
Employment in Services (% of total employment) 49.557% (2017)
Unemployment Rate 2.735% (2017)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $18,769,016,829 (2016)
Exports of goods and services (current US$) $13,427,224,042 (2016)
Total Merchandise Trade (% of GDP) 39.938% (2016)
FDI, net inflows (BoP, current US$) $1,174,500,000 (2016)
Commercial Service Exports (current US$) $2,692,000,000 (2016)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

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

Sources

  1. The World Bank