| GEOGRAPHIC NAMES | GEOLOGY | USA STATS | CHINA STATS | COUNTRY CODES | AIRPORTS | RELIGION | JOBS |

Guatemala Economy 2013

SOURCE: 2013 CIA WORLD FACTBOOK AND OTHER SOURCES











Guatemala Economy 2013
SOURCE: 2013 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 13, 2013

Economy - overview:
Guatemala is the most populous country in Central America with a GDP per capita roughly one-half that of the average for Latin America and the Caribbean. The agricultural sector accounts for 13% of GDP and 38% of the labor force; key agricultural exports include coffee, sugar, bananas, and vegetables. The 1996 peace accords, which ended 36 years of civil war, removed a major obstacle to foreign investment, and since then Guatemala has pursued important reforms and macroeconomic stabilization. The Dominican Republic-Central American Free Trade Agreement (CAFTA-DR) entered into force in July 2006 spurring increased investment and diversification of exports, with the largest increases in ethanol and non-traditional agricultural exports. While CAFTA-DR has helped improve the investment climate, concerns over security, the lack of skilled workers and poor infrastructure continue to hamper foreign direct investment. The distribution of income remains highly unequal with the richest 20% of the population accountingfor more than 51% of Guatemala's overall consumption. More than half of the population is below the national poverty line and 13% of the population lives in extreme poverty. Poverty among indigenous groups, which make up 38% of the population, averages 73% and extreme poverty rises to 28%. Nearly one-half of Guatemala's children under age five are chronically malnourished, one of the highest malnutrition rates in the world. Given Guatemala's large expatriate community in the United States, it is the top remittance recipient in Central America, with inflows serving as a primary source of foreign income equivalent to nearly two-fifths of exports or one-tenth of GDP. Economic growth fell in 2009 as export demand from US and other Central American markets dropped and foreign investment slowed amid the global recession. The economy gradually recovered in 2010-12.

GDP (purchasing power parity):
$78.42 billion (2012 est.)
country comparison to the world: 83

$76.06 billion (2011 est.)
$73.23 billion (2010 est.)
note: data are in 2012 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$50.3 billion (2012 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
3.1% (2012 est.)
country comparison to the world: 105

3.9% (2011 est.)
2.9% (2010 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$5,200 (2012 est.)
country comparison to the world: 152

$5,200 (2011 est.)
$5,100 (2010 est.)
note: data are in 2012 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 13%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 23.8%
services: 63.2% (2012 est.)

Labor force:
5.571 million (2011 est.)
country comparison to the world: 69
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 38%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 14%
services: 48% (2011 est.)

Unemployment rate:
4.1% (2011 est.)
country comparison to the world: 36

3.5% (2010 est.)
[see also: Unemployment rate country ranks ]

Population below poverty line:
54% (2011 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 1.3%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 42.4% (2006)

Distribution of family income - Gini index:
55.1 (2007)
country comparison to the world: 11

55.8 (1998)
[see also: Distribution of family income - Gini index country ranks ]

Investment (gross fixed):
14.6% of GDP (2012 est.)
country comparison to the world: 138
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $5.799 billion
[see also: Budget revenues country ranks ]
expenditures: $7.091 billion (2012 est.)

Taxes and other revenues:
11.5% of GDP (2012 est.)
country comparison to the world: 204
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-2.6% of GDP (2012 est.)
country comparison to the world: 92
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
29.9% of GDP (2012 est.)
country comparison to the world: 115

29.8% of GDP (2011 est.)
[see also: Public debt country ranks ]

Inflation rate (consumer prices):
4% (2012 est.)
country comparison to the world: 115

6.2% (2011 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
6.5% (31 December 2010 est.)

NA% (31 December 2009 est.)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
13.6% (31 December 2012 est.)
country comparison to the world: 61

13.43% (31 December 2011 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$7.854 billion (31 December 2012 est.)
country comparison to the world: 82

$7.506 billion (31 December 2011 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$21.76 billion (31 December 2012 est.)
country comparison to the world: 84

$20.64 billion (31 December 2011 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$18.68 billion (31 December 2012 est.)
country comparison to the world: 87

$18.31 billion (31 December 2011 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$NA
[see also: Market value of publicly traded shares country ranks ]

Agriculture - products:
sugarcane, corn, bananas, coffee, beans, cardamom; cattle, sheep, pigs, chickens

Industries:
sugar, textiles and clothing, furniture, chemicals, petroleum, metals, rubber, tourism

Industrial production growth rate:
4.1% (2011 est.)
country comparison to the world: 79
[see also: Industrial production growth rate country ranks ]

Current account balance:
-$2.039 billion (2012 est.)
country comparison to the world: 138

-$1.523 billion (2011 est.)
[see also: Current account balance country ranks ]

Exports:
$9.864 billion (2012 est.)
country comparison to the world: 95

$10.55 billion (2011 est.)
[see also: Exports country ranks ]

Exports - commodities:
coffee, sugar, petroleum, apparel, bananas, fruits and vegetables, cardamom

Exports - partners:
US 37.9%, El Salvador 10.5%, Honduras 6.8%, Mexico 5.1% (2011)

Imports:
$15.57 billion (2012 est.)
country comparison to the world: 86

$15.37 billion (2011 est.)
[see also: Imports country ranks ]

Imports - commodities:
fuels, machinery and transport equipment, construction materials, grain, fertilizers, electricity, mineral products, chemical products, plastic materials and products

Imports - partners:
US 40.4%, Mexico 11.6%, China 8.2%, El Salvador 4.5% (2011)

Reserves of foreign exchange and gold:
$6.311 billion (31 December 2012 est.)
country comparison to the world: 82

$6.184 billion (31 December 2011 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$16.17 billion (31 December 2012 est.)
country comparison to the world: 83

$15.64 billion (31 December 2011 est.)
[see also: Debt - external country ranks ]

Exchange rates:
quetzales (GTQ) per US dollar -

7.88 (2012 est.)
7.7854 (2011 est.)
8.0578 (2010 est.)
8.1616 (2009)
7.5895 (2008)

Fiscal year:
calendar year


NOTE: 1) The information regarding Guatemala on this page is re-published from the 2013 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Guatemala Economy 2013 information contained here. All suggestions for corrections of any errors about Guatemala Economy 2013 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






This page was last modified 11-Mar-13
Copyright © 1995- , ITA (all rights reserved).

    . Feedback