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 nearly 15% of GDP and half of the labor force; key agricultural exports include coffee, sugar, and bananas. 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 10% of the population accounting for more than 40% of Guatemala's overall consumption. More than half of the population is below the national poverty line and 15% lives in extreme poverty. Poverty among indigenous groups, which make up 38% of the population, averages 76% and extreme poverty rises to 28%. 43% of children under 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-thirds 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, but the economy recovered gradually in 2010-11 and will likely return to more normal growth rates in 2012.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: 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: Investment (gross fixed): Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: 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: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Exchange rates:
NOTE: 1) The information regarding Guatemala on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Guatemala Economy 2012 information contained here. All suggestions for corrections of any errors about Guatemala Economy 2012 should be addressed to the CIA.
$73.95 billion (2011 est.)
country comparison to the world: 82
note: data are in 2011 US dollars
[see also: GDP country ranks ]
$46.7 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]
2.8% (2011 est.)
country comparison to the world: 125
[see also: GDP - real growth rate country ranks ]
$5,000 (2011 est.)
country comparison to the world: 148
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 13.1%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 23.8%
[see also: GDP - composition by sector - industry country ranks ]
services: 63.2% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]
4.249 million (2011 est.)
country comparison to the world: 85
[see also: Labor force country ranks ]
agriculture: 50%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 15%
[see also: Labor force - by occupation - industry country ranks ]
services: 35% (1999 est.)
[see also: Labor force - by occupation - services country ranks ]
1.8% (2006 est.)
country comparison to the world: 10
[see also: Unemployment rate country ranks ]
51% (2006 est.)
[see also: Population below poverty line country ranks ]
lowest 10%: 1.3%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 42.4% (2006)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
55.1 (2007)
country comparison to the world: 12
[see also: Distribution of family income - Gini index country ranks ]
15% of GDP (2011 est.)
country comparison to the world: 166
[see also: Investment (gross fixed) country ranks ]
revenues: $5.421 billion
[see also: Budget revenues country ranks ]
expenditures: $6.87 billion (2011 est.)
[see also: Budget expenditures country ranks ]
11.6% of GDP (2011 est.)
country comparison to the world: 200
[see also: Taxes and other revenues country ranks ]
-3.1% of GDP (2011 est.)
country comparison to the world: 107
[see also: Budget surplus (+) or deficit (-) country ranks ]
29.5% of GDP (2011 est.)
country comparison to the world: 99
[see also: Public debt country ranks ]
6.4% (2011 est.)
country comparison to the world: 142
[see also: Inflation rate (consumer prices) country ranks ]
6.5% (31 December 2010 est.)
[see also: Central bank discount rate country ranks ]
13.5% (31 December 2011 est.)
country comparison to the world: 63
[see also: Commercial bank prime lending rate country ranks ]
$7.454 billion (31 December 2011 est.)
country comparison to the world: 81
[see also: Stock of narrow money country ranks ]
$28.24 billion (31 December 2011 est.)
country comparison to the world: 76
[see also: Stock of broad money country ranks ]
$17.84 billion (31 December 2011 est.)
country comparison to the world: 86
[see also: Stock of domestic credit country ranks ]
$NA
[see also: Market value of publicly traded shares country ranks ]
sugarcane, corn, bananas, coffee, beans, cardamom; cattle, sheep, pigs, chickens
sugar, textiles and clothing, furniture, chemicals, petroleum, metals, rubber, tourism
4.3% (2011 est.)
country comparison to the world: 81
[see also: Industrial production growth rate country ranks ]
8.395 billion kWh (2008 est.)
country comparison to the world: 95
[see also: Electricity - production country ranks ]
7.108 billion kWh (2008 est.)
country comparison to the world: 98
[see also: Electricity - consumption country ranks ]
76 million kWh (2008 est.)
[see also: Electricity - exports country ranks ]
71 million kWh (2008 est.)
[see also: Electricity - imports country ranks ]
13,070 bbl/day (2010 est.)
country comparison to the world: 80
[see also: Oil - production country ranks ]
71,000 bbl/day (2010 est.)
country comparison to the world: 89
[see also: Oil - consumption country ranks ]
15,300 bbl/day (2009 est.)
country comparison to the world: 91
[see also: Oil - exports country ranks ]
78,550 bbl/day (2009 est.)
country comparison to the world: 76
[see also: Oil - imports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 191
[see also: Natural gas - production country ranks ]
0 cu m (2009 est.)
country comparison to the world: 185
[see also: Natural gas - consumption country ranks ]
0 cu m (2009 est.)
country comparison to the world: 109
[see also: Natural gas - exports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 200
[see also: Natural gas - imports country ranks ]
2.96 billion cu m (1 January 2006 est.)
country comparison to the world: 94
[see also: Natural gas - proved reserves country ranks ]
-$2.712 billion (2011 est.)
country comparison to the world: 161
[see also: Current account balance country ranks ]
$10.32 billion (2011 est.)
country comparison to the world: 94
[see also: Exports country ranks ]
coffee, sugar, petroleum, apparel, bananas, fruits and vegetables, cardamom
US 36.8%, El Salvador 10.3%, Honduras 8.8%, Mexico 7.5% (2010)
$16.54 billion (2011 est.)
country comparison to the world: 81
[see also: Imports country ranks ]
fuels, machinery and transport equipment, construction materials, grain, fertilizers, electricity
US 34.6%, Mexico 11.8%, China 7.9%, El Salvador 5.3% (2010)
$6.359 billion (31 December 2011 est.)
country comparison to the world: 82
[see also: Reserves of foreign exchange and gold country ranks ]
$18.16 billion (31 December 2011 est.)
country comparison to the world: 80
[see also: Debt - external country ranks ]
quetzales (GTQ) per US dollar -
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
Flags
This page was last modified 07-Mar-12