Economy of Guatemala
Population: 17.25 M (2018)
GDP per Capita: 4,549 USD (2018)
78,460 M.

GDP USD

(2018)

Display Chart
14,220 M.

EXPORTS USD

(2018)

Display Chart
21,720 M.

IMPORTS USD

(2018)

Display Chart
27.88 %

PUBLIC DEBT

(2019)

Display Chart
Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 3.15 % (2018)
GDP of 2010 USD USD 54.50 B. (2018)
GDP Current USD USD 78.46 B. (2018)
GDP per Capita Current USD USD 4,549 (2018)
GDP per capita, PPP USD 7,509 (2018)
GDP per Capita, 2010 USD USD 3,160 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 9.69 % (2018)
Government Spending USD 7.60 B. (2018)
Government Debt % GDP 27.88 % (2019)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 176.33 (2018)
Trade Openness 45.81 % (2018)
Exports of Goods and Services % GDP 18.12 % (2018)
Exports Goods & Services USD 14.22 B. (2018)
Exports Annual Growth 2.11 % (2017)
Imports as % GDP 27.68 % (2018)
Total Imports USD 21.72 B. (2018)
Foreign Direct Investment % GDP 1.34 % (2018)
Foreign Direct Investment USD 1.06 B. (2018)
Current Account Balance % GDP USD 0.85 % (2018)
Current Account Balance USD 0.67 B. (2018)
Trade Balance % GDP -9.56 % (2018)
Trade Balance USD -7.88 B. (2018)
Foreign Exchange Reserves incl Gold USD 12.58 B. (2018)
Remittances % GDP 12.10 % (2018)
Remittances USD 9,383 M. (2018)
Balance of Payments USD 144 M. (2018)

Labor Market

Indicator Value
Labor Force 7.25 M. (2019)
Unemployment Rate 2.75 % (2019)
Unemployment Rate Females 3.41 % (2019)
Unemployment Rate Males 1.99 % (2019)
Youth Unemployment (ages 15-24) 5.59 % (2019)
Labor Force Participation Rate 62.31 % (2019)
Labor Force (Percent Female) 33.08 % (2019)
Female Labor Force Participation Rate 41.06 % (2019)
Male Labor Force Participation Rate 85.07 % (2019)
Dependent People 64.60 % (2018)

Agriculture Sector

Indicator Value
Forest Area 32.70 % (2016)
Forest Area km² 35,036 km² (2016)
Agricultural Land 35.98 % (2016)
Agricultural Land km² 38,560 km² (2016)
Employment 29.19 % (2019)
Value added % GDP 9.98 % (2018)
Agriculture Value added USD 7.83 B. (2018)
Crop Production Index 165.90 (2016)
Precipitation 1,996 mm (2014)
Arable Land 8 % (2016)
Cereal Yield 2,172 kg/hectare (2017)
Food production index 162 (2016)
Rural Population 49 % (2018)
Fertilizer use of Arable Land 303 kg/hectare (2016)
Livestock Production Index 126 (2016)
Economy of Guatemala

According to the World Bank and its latest published data, the economy of the Guatemala presents a growth rate of 3.15 % (2018) to the previous year.

With a population that reaches 17.25 M (2018) and a gross domestic product of USD 78.46 B. (2018), it translates a Gross Domestic Product per Capita of USD 4,549 placing its inhabitants on the threshold of an Upper middle income country (according to the World Bank's updated classification).

Guatemala also has a workforce of 7.25 M. (2019) with an unemployment rate of 2.75 % (2019), where women represent 3.41 % (2019) and men 1.99 % (2019), the unemployment rate for young people between 15-24 years old stood at 5.59 % (2019). The total number of dependent people stands at 64.60 % (2018).

The central government spent 9.69 % (2018) of its gross domestic product that year, which in absolute terms is USD 7.60 B. (2018). Its consolidated public debt reached 27.88 of its GDP, not exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Guatemala exported USD 14.22 B. (2018), which represents 18.12 % (2018) of its gross domestic product, in that same sense its imports reached USD 21.72 B. (2018) with a direct foreign investment of USD 1.06 B. (2018).

Guatemala has a forest area of 35,036 km² (2016), which represents 32.70 % (2016) of its total area, an average rainfall of 1,996 mm (2014) per year and a population of 49 % (2018) living in rural areas. With a total area of 38,560 km² (2016) available for agriculture and 29.19 % (2019) of its employments, the agricultural sector contributes to the economy of the Guatemala about USD 7.83 B. (2018) (9.98 % (2018) of its GDP).