General Information

The agricultural industry accounts for 27.9% of exports, followed by the textile industry at 13.2%. Extractive industries account for 8.9%.
(Source: Bank of Guatemala)

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

76,710

1.6%

4,359
millions    

Economic Statistics (years 2016 - forecast 2021)

National Accounts 2016 2017 2018 2019 f.2020 f.2021
             
GDP growth (%) 2.7% 3.0% 3.2% 3.8% -3.5% 3.6%
Nominal GDP (USD millions) 66,053 71,612 73,118 76,710 75,703 80,618
GDP per Head (USD) 3,979 4,237 4,226 4,359 4,229 4,405
Inflation (%) 4.2% 5.7% 2.3% 3.4% 0.8% 3.9%
Fiscal Balance (% GDP) -1.1% -1.4% -1.9% -2.3% -5.7% -4.3%
General Govt. gross debt (% GDP) 30.5% 31.9% 33.4% 35.0% 41.5% 40.1%
   

Trade Statistics

Foreign Trade - Composition        
           
Exports     Imports    
           
By countries     By countries  
US 35.4%   US   37.8%
El Salvador 12.1%   China   10.9%
Honduras 9.5%   Mexico   10.8%
Nicaragua 4.9%   El Salvador   5.2%
           
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) 2016 2017 2018 2019 f.2020 f.2021
             
Exports of Goods 8,973 9,650 9,624 10,899 10,070 10,755
Exports growth (%) -1.2% 7.5% -0.3% 13.2% -7.6% 6.8%
Imports of Goods 15,061 16,461 17,696 18,573 16,392 17,570
Imports growth (%) -3.0% 9.3% 7.5% 5.0% -11.7% 7.2%
Foreign Trade (% GDP) 36% 36% 37% 38% 35% 35%
             
Current Account Balance 615 806 543 1,579 123 902
% GDP 0.9% 1.1% 0.7% 2.1% 0.2% 1.1%
Foreign Direct Investment 846 980 976 986 200 600
% GDP 1.3% 1.4% 1.3% 1.3% 0.3% 0.7%
   

 

Disclaimer

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