Guatemala
| Total Population | 14,700,000 (est.) |
| Area | 108,430 km2 |
| Local Currency | Quetzal (GTQ) |
| Literacy | 70.6% |
| Economically active population | 5,100,900 |
| as % of total population | 34.7% |
| Unemployment rate | 4.8% (national - CEPAL statistic 2010) |
| Gross Domestic Product (GDP) | 46,900 US$ millions |
| as % of Regional GDP | 0.8% (Latin America GDP 2011 = US$ 5,567,705 millions) |
| GDP per Head | 3,190 US$ |
| Ranking in Latin America | 17 |
Important dates
- January 1 - New Year
- Holy Thursday and Friday - Changes every year
- May 1 - Labor Day
- June 30 - Army Day
- August 15 - Installation of Our Lady
- September 15 - Independence Day
- October 20 - Revolution Day
- November 1 - Day of the Dead
- December 25-Christmas
Economic Statistics
| (years 2008 - proj. 2012) |
| Guatemala has a Gross Domestic Product of US$46,900MM. This is distributed by sectors in the following way: agriculture with 13.0%, having as main products sugarcane, corn, bananas, coffee; industry with 23.9%, having as main products sugar, textiles and clothing, furniture, chemicals; and the services sector with 63.1%. |
National Accounts
| National Accounts | 2008 | 2009 | 2010 | est. 2011 | proj. 2012 |
|---|---|---|---|---|---|
|
▲% GDP
|
3.3% | 0.5% | 2.9% | 3.9% | 3.2% |
|
Nominal GDP (US$ millions)
|
39,136 | 37,734 | 41,341 | 46,900 | 53,231 |
|
GDP per Head (US$)
|
2,857 | 2,695 | 2,871 | 3,190 | 3,525 |
|
GDP by Sector
|
100.0% | ||||
|
Agriculture
|
13.0% | ||||
|
Industry
|
23.9% | ||||
|
Services
|
63.1% | ||||
|
Inflation rate
|
9.4% | -0.3% | 5.4% | 6.2% | 5.4% |
|
Budget Balance
|
-1.6% | -3.1% | -3.3% | -2.8% | -2.1% |
GDP Growth |
Trade Statistics
| Regarding foreign trade, US represents its main commercial partner buying 38.0% of Guatemalan exports, whereas the main export products are constituted by agricultural products. |
| Foreign Trade (2011) | |||||||
|---|---|---|---|---|---|---|---|
|
Exports
|
Imports
|
||||||
|
By countries
|
By countries
|
||||||
|
US
|
38.0% |
US
|
41.5% | ||||
|
El Salvador
|
10.6% |
Mexico
|
10.5% | ||||
|
Honduras
|
6.9% |
China
|
8.4% | ||||
|
Mexico
|
4.8% |
El Salvador
|
4.6% | ||||
|
|
|
||||||
|
By products
|
By products
|
||||||
|
Coffee
|
11.2% |
Intermediate goods
|
34.6% | ||||
|
Sugar
|
6.2% |
Consumer goods
|
26.8% | ||||
|
Bananas
|
4.8% |
Fuels & lubricants
|
19.8% | ||||
|
Oil
|
3.2% |
Capital goods
|
16.5% | ||||
| Balance of Payments (US$ mill.) | 2008 | 2009 | 2010 | est. 2011 | proj. 2012 |
|---|---|---|---|---|---|
|
Exchange rate: GTQ / US$
(end of period) |
7.77 | 8.35 | 8.02 | 7.81 | 7.74 |
|
|
|||||
|
Exports of goods
|
7,846 | 7,295 | 8,536 | 10,553 | 9,825 |
|
Imports of goods
|
13,421 | 10,643 | 12,806 | 15,372 | 15,468 |
|
Trade & Services Balance
|
-5,851 | -3,507 | -4,360 | -5,164 | -6,024 |
|
% GDP
|
-15.0% | -9.3% | -10.5% | -11.0% | -11.3% |
|
Income Balance
|
-938 | -1,111 | -1,211 | -1,452 | -1,501 |
|
% GDP
|
-2.4% | -2.9% | -2.9% | -3.1% | -2.8% |
|
Current Transfers Balance
|
5,038 | 4,566 | 4,894 | 5,092 | 5,437 |
|
% GDP
|
12.9% | 12.1% | 11.8% | 10.9% | 10.2% |
|
Current Account Balance
|
-1,751 | -52 | -677 | -1,524 | -2,088 |
|
% GDP
|
-4.5% | -0.1% | -1.6% | -3.2% | -3.9% |
|
Net Direct Investments flows
|
738 | 574 | 857 | 899 | 586 |
|
% GDP
|
1.9% | 1.5% | 2.1% | 1.9% | 1.1% |
|
Net portfolio Investments flows
|
-129 | -258 | -73 | 13 | -85 |
|
% GDP
|
-0.3% | -0.7% | -0.2% | 0.0% | -0.2% |
Current Account Balance (% GDP) |
Foreign Debt Stock (% GDP) |
| 2008 | 2009 | 2010 | est. 2011 | proj. 2012 | |
|---|---|---|---|---|---|
|
Foreign Debt Stock
|
14,771 | 13,765 | 14,340 | 15,671 | 15,936 |
|
% GDP
|
37.7% | 36.5% | 34.7% | 33.4% | 29.9% |
|
|
|||||
|
Foreign Debt Service
|
1,756 | 1,684 | 1,589 | 2,048 | 1,737 |
|
Principal repayments
|
1,009 | 1,019 | 915 | 1,342 | 1,074 |
|
Interest payments
|
747 | 665 | 674 | 706 | 663 |
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