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Guatemala

Headline economic indicators for Guatemala, with the most recent official readings.

Prices

Prices — Guatemala
Indicator Value Change
Inflation rate · 1.5% -1.38 (-48.1%)
Consumer price index · 182.3 +2.67 (+1.5%)
GDP deflator inflation · 3.4% -0.29 (-8.0%)

GDP

GDP — Guatemala
Indicator Value Change
GDP growth rate · 4.3% +0.56 (+15.2%)
GDP per capita · 6,598.18 +447.29 (+7.3%)
GDP per capita, long-run history · 7,969 +204.74 (+2.6%)
GDP · 123,306,008,821.47 +10,090,433,671 (+8.9%)
GDP, PPP · 284,001,281,296 +19,077,583,796 (+7.2%)
GDP per capita, PPP · 15,197 +804.03 (+5.6%)
GDP per capita growth · 2.7% +0.58 (+27.2%)
GNI per capita · 6,360 +580.00 (+10.0%)
Agriculture to GDP · 9.6% -0.11 (-1.1%)
Industry to GDP · 21.8% +0.12 (+0.5%)
Manufacturing to GDP · 13.2% -0.34 (-2.5%)
Services to GDP · 62.1% +0.09 (+0.1%)
Household consumption to GDP · 87.2% -1.04 (-1.2%)
Gross capital formation to GDP · 16.8% +0.35 (+2.1%)
Gross savings to GDP · 21.5% +2.15 (+11.1%)

Labour

Labour — Guatemala
Indicator Value Change
Unemployment rate · 2.6% -0.01 (-0.3%)
Labour force participation rate · 59.6% -0.09 (-0.1%)
Female labour force participation rate · 38.3% -0.10 (-0.2%)
Youth unemployment rate · 4.8% +0.14 (+3.0%)
Employment to population ratio · 58.1% -0.08 (-0.1%)
Employment in agriculture · 29.1% -0.40 (-1.3%)
Employment in industry · 22.7% +0.18 (+0.8%)
Employment in services · 48.2% +0.21 (+0.4%)

Money

Money — Guatemala
Indicator Value Change
Real interest rate · 9.2% +0.75 (+8.9%)
Broad money to GDP · 60.4% +3.52 (+6.2%)
Private sector credit to GDP · 37.2% +0.46 (+1.2%)
Lending rate · 12.9% +0.46 (+3.7%)
Bank deposit rate · 5.1% +0.17 (+3.5%)
Bank nonperforming loans · 2.4% -0.12 (-4.9%)
Official exchange rate · 7.68 -0.08 (-1.0%)

Trade

Trade — Guatemala
Indicator Value Change
Current account to GDP · 4.7% +1.80 (+61.8%)
Exports to GDP · 15.6% -0.32 (-2.0%)
Imports to GDP · 31.0% -0.45 (-1.4%)
Trade to GDP · 46.5% -0.78 (-1.6%)
Exports of goods and services · 19,185,393,857.52 +1,202,839,541 (+6.7%)
Imports of goods and services · 38,185,944,239.19 +2,611,533,184 (+7.3%)
Trade balance, goods and services (annual) · -18,982,517,390 -1,408,257,970 (-8.0%)
Current account balance (annual) · 5,816,085,720 +2,515,667,810 (+76.2%)
Foreign direct investment to GDP · 1.4% -0.26 (-15.8%)
Remittances received to GDP · 20.8% +1.70 (+8.9%)
Total reserves, including gold · 32,753,590,398.82 +8,341,172,387 (+34.2%)
Reserves in months of imports · 9.3 +1.87 (+25.3%)
External debt to GNI · 24.2% -0.81 (-3.2%)

Government

Government — Guatemala
Indicator Value Change
Government debt to GDP · 25.2% +0.51 (+2.1%)
Government revenue to GDP · 12.8% -0.08 (-0.6%)
Government expense to GDP · 13.5% -0.49 (-3.5%)
Tax revenue to GDP · 11.6% +0.05 (+0.5%)
Government budget balance to GDP · -0.9% +0.36 (+28.3%)
Government consumption to GDP · 11.5% +0.56 (+5.2%)
Education spending to GDP · 3.1% -0.03 (-1.1%)
Health spending to GDP · 6.8% -0.37 (-5.1%)

Demography

Demography — Guatemala
Indicator Value Change
Population · 18,687,881 +281,522 (+1.5%)
Population, long-run history · 18,348 +242.08 (+1.3%)
Population growth · 1.5% -0.02 (-1.5%)
Life expectancy · 72.7 +0.14 (+0.2%)
Fertility rate · 2.29 -0.02 (-1.0%)
Birth rate · 20.6 -0.19 (-0.9%)
Death rate · 4.9 +0.03 (+0.6%)
Urban population share · 56.3% +0.34 (+0.6%)
Population aged 65 and over · 5.0% +0.11 (+2.3%)
Under-five mortality rate · 20.5 -0.70 (-3.3%)
Population density · 171.8 +2.63 (+1.6%)
Net migration · -7,959 -234.00 (-3.0%)
Gini index · 45.2 -3.10 (-6.4%)

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

No separate list is published for Guatemala; the database as a whole is cited above.

Economies nearby

Comparable readings from neighbouring economies.