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ECON FACTBOOK

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Economy of Guatemala

Population: 15 million in 20131

GDP: $54 billion in 20132

GDP per capita: $3,478 nominal3 ($7,295 PPP4) in 2013

GDP growth rate: 3.7% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Other activities14,02530.5%
Wholesale, retail trade, restaurants and hotels9,92321.5%
Manufacturing8,88619.3%
Agriculture, hunting, forestry, fishing5,27811.5%
Transport, storage and communication3,7408.1%
Mining and utilities2,3215.0%
Construction1,8844.1%
Total value added46,057100%

Employment

Unemployment rate: 2.8% in 20137

Employment by Industry 20138

Employment sector Employees (thousands) 2013Percent of total
Agriculture, forestry and fishing1,99332.7%
Wholesale trade, retail trade and repair of motor vehicles1,30421.4%
Manufacturing65810.8%
Construction3485.7%
Activities of households as employers3145.1%
Education2884.7%
Accommodation and food service2414.0%
Transportation and storage1843.0%
Public administration and defence1482.4%
Other service1472.4%
Human health and social work1242.0%
Administrative and support service931.5%
Professional, scientific and technical721.2%
Information and communication601.0%
Finance and insurance540.9%
Arts, entertainment and recreation230.4%
Water supply, sewerage and waste management220.4%
Real estate110.2%
Electricity, gas, steam and air conditioning80.1%
Mining and quarrying60.1%
Extraterritorial organizations and bodies00.0%
Total employment6,097100%

Corporations

Top 10 Corporations by Revenue 20139

N/A

Households

Household Wealth: N/A

Household Wealth per Adult: N/A

Gini Coefficient: .524 in 201110

Government

Central Government

Central Government Revenue: $6.4 billion (12% of GDP) in 201311

Central Government Expenditure: $7.9 billion (15% of GDP) in 201311

Central Government Budget Balance: -$1.5 billion (-3% of GDP) in 201311

Central Government Public Debt: $14 billion (26% of GDP) in 2014* 12

Central Government 15 Year Bond Interest Rate: 4.88% in Feb 201313

* Public debt calculated using the exchange rate 7.64 GTQ = 1 USD

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds in 2013* 14

Corporate Tax Rate: 28% in 201415

* Individual thresholds calculated using the exchange rate 7.64 GTQ = 1 USD

Monetary Policy

Money Supply (M0): $6.1 billion (11% of GDP) in Dec 2014* 16

Benchmark Interest Rate: 4.0% in Feb 201517

Total Reserves: $7 billion (13% of GDP) in 201318

Exchange Rate: 7.64 Guatemalan Quetzal = 1 U.S. Dollar on Feb 4, 201519

Inflation: 4.3% in 201320

* Money supply calculated using the exchange rate 7.64 GTQ = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201321

N/A (data not available at Relbanks.com)

International Accounts

Exports: $10 billion (19% of GDP) in 201322

Imports: $17 billion (32% of GDP) in 201322

Trade Balance: -$7 billion (-13% of GDP) in 201322

Foreign Direct Investment Inflow: $1.4 billion (3% of GDP) in 201323

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $299 million (0.5% of GDP)24

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: ILOSTAT Database, Downloads (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: World Bank Indicators (Gini coefficient) Go back
11. Source: CIA World Factbook (Government budget) Go back
12. Source: Ministerio de Finanzas Publicas (Public debt) Go back
13. Source: BN Americas (Government bond yield) Go back
14. Source: PKF Tax Guide (Individual tax rates) Go back
15. Source: Tax Foundation (Corporate tax rate) Go back
16. Source: Banco de Guatemala, Monetary Base (Money supply) Go back
17. Source: Banco de Guatemala (Benchmark interest rate) Go back
18. Source: World Bank Indicators (Total reserves) Go back
19. Source: xe.com (Exchange rate) Go back
20. Source: World Bank Indicators (Inflation rate) Go back
21. Source: Relbanks.com (Financial institutions by assets) Go back
22. Source: CIA World Factbook (Trade data) Go back
23. Source: World Bank Indicators (FDI data) Go back
24. Source: World Bank Indicators (Aid data) Go back