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 13.5% of GDP and 30% 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 America 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 accounting for 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 more than 40% of the population, averages 73%, with 22% of the indigenous population living in extreme poverty. Nearly one-half of Guatemala's children under age five are chronically malnourished, one of the highest malnutrition rates in the world. Guatemala is the top remittance recipient in Central America as a result of Guatemala's large expatriate community in the United States. These inflows are a primary source of foreign income, equivalent to one-half of the country's exports or one-tenth of its GDP.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition, by end use:
GDP - composition, by sector of origin:
Agriculture - products: Industries: Industrial production growth rate: Labor force: Labor force - by occupation:
Unemployment rate: Population below poverty line: Household income or consumption by percentage share:
Distribution of family income - Gini index: Budget:
Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: Fiscal year: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Exchange rates:
$81.51 billion (2013 est.)
country comparison to the world: 80
$78.91 billion (2012 est.)
$76.64 billion (2011 est.)
note:
data are in 2013 US dollars
[see also: GDP country ranks ]
$53.9 billion (2013 est.)
[see also: GDP (official exchange rate) country ranks ]
3.3% (2013 est.)
country comparison to the world: 105
3% (2012 est.)
4.2% (2011 est.)
[see also: GDP - real growth rate country ranks ]
$5,300 (2013 est.)
country comparison to the world: 157
$5,200 (2012 est.)
$5,200 (2011 est.)
note:
data are in 2013 US dollars
[see also: GDP - per capita country ranks ]
household consumption:
84.5%
government consumption:
11%
investment in fixed capital:
14.1%
investment in inventories:
0.7%
exports of goods and services:
25.1%
imports of goods and services:
-35.3%
(2013 est.)
agriculture:
13.5%
industry:
23.8%
services:
62.7% (2013 est.)
sugarcane, corn, bananas, coffee, beans, cardamom; cattle, sheep, pigs, chickens
sugar, textiles and clothing, furniture, chemicals, petroleum, metals, rubber, tourism
3.7% (2013 est.)
country comparison to the world: 80
[see also: Industrial production growth rate country ranks ]
4.465 million (2013 est.)
country comparison to the world: 85
[see also: Labor force country ranks ]
agriculture:
38%
industry:
14%
services:
48% (2011 est.)
4.1% (2011 est.)
country comparison to the world: 35
3.5% (2010 est.)
[see also: Unemployment rate country ranks ]
54% (2011 est.)
[see also: Population below poverty line country ranks ]
lowest 10%:
1.3%
highest 10%:
42.4% (2006)
55.1 (2007)
country comparison to the world: 11
55.8 (1998)
[see also: Distribution of family income - Gini index country ranks ]
revenues:
$6.411 billion
expenditures:
$7.851 billion (2013 est.)
11.9% of GDP (2013 est.)
country comparison to the world: 204
[see also: Taxes and other revenues country ranks ]
-2.7% of GDP (2013 est.)
country comparison to the world: 112
[see also: Budget surplus (+) or deficit (-) country ranks ]
31% of GDP (2013 est.)
country comparison to the world: 117
29.5% of GDP (2012 est.)
[see also: Public debt country ranks ]
calendar year
4.4% (2013 est.)
country comparison to the world: 145
3.8% (2012 est.)
[see also: Inflation rate (consumer prices) country ranks ]
6.5% (31 December 2010 est.)
[see also: Central bank discount rate country ranks ]
13.4% (31 December 2013 est.)
country comparison to the world: 54
13.49% (31 December 2012 est.)
[see also: Commercial bank prime lending rate country ranks ]
$8.461 billion (31 December 2013 est.)
country comparison to the world: 85
$7.975 billion (31 December 2012 est.)
[see also: Stock of narrow money country ranks ]
$23.83 billion (31 December 2013 est.)
country comparison to the world: 80
$22.3 billion (31 December 2012 est.)
[see also: Stock of broad money country ranks ]
$22.6 billion (31 December 2013 est.)
country comparison to the world: 78
$20.5 billion (31 December 2012 est.)
[see also: Stock of domestic credit country ranks ]
$NA
[see also: Market value of publicly traded shares country ranks ]
-$1.822 billion (2013 est.)
country comparison to the world: 138
-$1.489 billion (2012 est.)
[see also: Current account balance country ranks ]
$10.29 billion (2013 est.)
country comparison to the world: 94
$10.11 billion (2012 est.)
[see also: Exports country ranks ]
coffee, sugar, petroleum, apparel, bananas, fruits and vegetables, cardamom
US 40.2%, El Salvador 11.1%, Honduras 8%, Mexico 5.5%, Nicaragua 4.7%, Costa Rica 4.3% (2012)
$16.7 billion (2013 est.)
country comparison to the world: 84
$15.84 billion (2012 est.)
[see also: Imports country ranks ]
fuels, machinery and transport equipment, construction materials, grain, fertilizers, electricity, mineral products, chemical products, plastic materials and products
US 38%, Mexico 11.3%, China 7.4%, El Salvador 4.6% (2012)
$7.118 billion (31 December 2013 est.)
country comparison to the world: 84
$6.694 billion (31 December 2012 est.)
[see also: Reserves of foreign exchange and gold country ranks ]
$17.67 billion (31 December 2013 est.)
country comparison to the world: 83
$16.61 billion (31 December 2012 est.)
[see also: Debt - external country ranks ]
quetzales (GTQ) per US dollar -
7.883 (2013 est.)
7.8336 (2012 est.)
8.0578 (2010 est.)
8.1616 (2009)
7.5895 (2008)