General Information

The agricultural and livestock industry accounts for 23.4% of exports, followed by the textile industry at 13.5%. Other major export items include minerals and metals, petroleum and petroleum derivatives, as well as precious metals and stones at 16 %.
(Source: Banco de Guatemala)

Gross Domestic Product (GDP) USD % of regional GDP GDP per head (USD)

75,661

1.4%

4,472

millions    

Economic Statistics (years 2014 - forecast 2019)

National Accounts 2014 2015 2016 2017 f.2018 f.2019
             
GDP growth (%) 4.2% 4.1% 3.1% 2.8% 3.0% 3.2%
Nominal GDP (USD millions) 58,722 63,767 68,763 75,661 82,634 86,787
GDP per Head (USD) 3,688 3,924 4,147 4,472 4,787 4,927
Inflation (%) 2.9% 3.1% 4.2% 5.7% 4.1% 3.8%
Fiscal Balance (% GDP) -1.9% -1.4% -1.1% -1.3% -1.4% -1.7%
General Govt. gross debt (% GDP) 24.3% 24.2% 24.5% 24.4% 24.4% 24.6%
   

Trade Statistics

Foreign Trade - Composition        
           
Exports     Imports    
           
By countries     By countries  
US 33.8%   US   37.2%
El Salvador 11.0%   China   12.5%
Honduras 8.8%   Mexico   11.6%
Nicaragua 5.1%   El Salvador   5.1%
           
By products     By products  
Agricultural products 48.0%   Manufactures 65.0%
Manufactures 41.4%   Fuels and mining prod. 20.1%
Fuels and mining prod. 10.3%   Agricultural products 14.6%
   
Balance of Payments (USD millions) 2014 2015 2016 2017 f.2018 f.2019
             
Exports of Goods 10,992 10,824 10,581 10,860 11,490 12,168
Exports growth (%) 7.9% -1.5% -2.2% 2.6% 5.8% 5.9%
Imports of Goods 17,056 16,381 15,767 17,718 18,976 19,944
Imports growth (%) 4.3% -4.0% -3.7% 12.4% 7.1% 5.1%
Foreign Trade (% GDP) 48% 43% 38% 38% 37% 37%
             
Current Account Balance -1,230 -97 1,023 963 542 819
% GDP -2.1% -0.2% 1.5% 1.3% 0.7% 0.9%
Foreign Direct Investment 1,166 1,176 1,175 1,221 1,270 1,347
% GDP 2.0% 1.8% 1.7% 1.6% 1.5% 1.6%
   

 

Disclaimer

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