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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 2021 was at about 12.259 USD per capita. GDP in Guatemala, on the other hand, reached USD 5.026 per capita, or 85.99 billion USD in the whole country. Guatemala is therefore currently ranked 68 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 113.

Inflation in Guatemala was in 2021 at around 4.26%. Within the EU, the average in the same year was 2.55%. 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

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 2021

 Guatemala
Total
Guatemala
per capita
EU
Total
EU
per capita
GDP85.99 bn USD5,025.58 USD17,088.62 tn USD33,228.68 USD
Gross national product84.56 bn USD4,942.07 USD16,776.12 tn USD32,621.03 USD


Development of the Gross domestic product in billion US Dollar 1960 - 2021



Im- and Exports 2021

 Guatemala
Total
Guatemala
per capita
EU
Total
EU
per capita
Imports27.55 bn USD1,610.01 USD8,916.24 bn USD17,337.55 USD
Exports15.32 bn USD895.29 USD9,554.34 bn USD18,578.33 USD


Development of imports and exports in billions of USD 1977 - 2021

Exports
Imports



Guatemala: AirportsThe 5 airports in GuatemalaThe 5 biggest airports in Guatemala with further information on airlines and destinations
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