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)

78,461

1.5%

4,535

millions    

Economic Statistics (years 2015 - forecast 2020)

National Accounts 2015 2016 2017 2018 f.2019 f.2020
             
GDP growth (%) 4.1% 3.1% 2.8% 3.1% 2.9% 2.9%
Nominal GDP (USD millions) 63,767 68,663 75,620 78,461 81,950 85,905
GDP per Head (USD) 3,912 4,136 4,475 4,535 4,656 4,773
Inflation (%) 3.1% 4.2% 5.7% 2.3% 4.5% 2.9%
Fiscal Balance (% GDP) -1.4% -1.1% -1.3% -1.8% -2.1% -2.2%
General Govt. gross debt (% GDP) 29.7% 29.3% 30.2% 30.8% 30.7% 30.8%
   

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) 2015 2016 2017 2018 f.2019 f.2020
             
Exports of Goods 10,824 10,581 11,100 11,079 11,007 10,906
Exports growth (%) -1.5% -2.2% 4.9% -0.2% -0.6% -0.9%
Imports of Goods 16,381 15,767 17,110 18,366 19,072 19,505
Imports growth (%) -4.0% -3.7% 8.5% 7.3% 3.8% 2.3%
Foreign Trade (% GDP) 43% 38% 37% 38% 37% 35%
             
Current Account Balance -97 1,023 1,189 638 726 404
% GDP -0.2% 1.5% 1.6% 0.8% 0.9% 0.5%
Foreign Direct Investment 1,176 1,175 1,013 1,074 1,106 1,139
% GDP 1.8% 1.7% 1.3% 1.4% 1.3% 1.3%
   

 

Disclaimer

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