Indicators of economy in Guatemala
The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.915 US Dollar per capita. In contrast, the GDP in Guatemala reached 4.603 US dollars per inhabitant, or 77.60 bn US Dollar in the whole country. Guatemala is therefore currently ranked 69 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Guatemala is in the list of the world's richest countries in place 120.Inflation in Guatemala was in 2021 at around 4.26%. Within the EU, the average in the same year was 2.62%. In the United States, it was most recently 4.70%.
Compared with the USA, prices for daily consumer goods are around 40.4% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.
Back to overview: Guatemala
Impact of the Covid-19 pandemic in 2020
Overall, the gross domestic product in Guatemala in 2020 increased from 77.02 billion US Dollar to 77.60 billion US Dollar. Certainly, there have been shifts in numerous sectors of the economy, but a 0.76 percent increase has been rather unusual this year. While most countries have suffered significant losses, Guatemala has certainly held its own. The tourism sector alone slumped by around 76 percent. The unemployment rate rose from 2.2 to 3.6 percent. The inflation rate has fallen from 3.7 percent previously to 3.2 percent by the end of 2020.Unemployment rates in percent 1991 - 2021
Economic performance 2020
Guatemala Total | Guatemala per capita | EU Total | EU per capita | |
---|---|---|---|---|
GDP | 77.60 bn USD | 4,603.34 USD | 15,291.93 tn USD | 29,692.11 USD |
Gross national product | 75.71 bn USD | 4,490.76 USD | 15,330.84 tn USD | 29,767.66 USD |
Development of the Gross domestic product in billion US Dollar 1960 - 2020
› Debt budget development
› Development of inflation
› Corruption in Guatemala
› Cost of living in a global comparison
› Development of inflation
› Corruption in Guatemala
› Cost of living in a global comparison
Im- and Exports 2020
Guatemala Total | Guatemala per capita | EU Total | EU per capita | |
---|---|---|---|---|
Imports | 19.31 bn USD | 1,145.68 USD | 7,340.01 bn USD | 14,251.98 USD |
Exports | 12.74 bn USD | 755.63 USD | 7,939.04 bn USD | 15,415.11 USD |
Development of imports and exports in billion US dollars 1977 - 2020
Exports
Imports