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North & Central America and Caribbean

Guatemala
Last reviewed: 2 July 2008

Country information

ECONOMY

Basic Economic Facts

GDP: US$33.69 billion (2007 est)
GDP per head: US$54,700 (2007 est)
Annual Growth: 5.7% (2007 est)
Inflation: 5.9% (2007 est)

Major industries: The agricultural sector accounts for 43% of all exports. Major commodities include coffee, sugar, bananas and cardamom. Textiles account for 14% and non-traditional products such as flowers, fruits and ceramics account for 33%. A major growth sector identified by the government is tourism. Remittances from Guatemalans living in the Unites States are a major source of foreign income. 
Major trading partners: USA, El Salvador, Honduras and EU.
Aid & development: Mainly from USA, EU and Japan. Provides 25% of state expenditure, which is 13% of GDP.
Unemployment: 3.2% (2005 est)
Agriculture: sugarcane, corn, bananas, coffee, beans, cardamom; cattle, sheep, pigs, chickens
Industries: sugar, textiles and clothing, furniture, chemicals, petroleum, metals, rubber, tourism
Natural resources: petroleum, nickel, rare woods, fish, chicle, hydropower
Transparency International corruption ranking (1=least corrupt, 179=most corrupt): 111 (joint) 2007

Country information

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Travel Advice

Travel advice: Guatemala 

Our work in Guatemala

Starting at birth in Guatemala

Useful Links

• UK Trade & Investment Country Profile: Guatemala
• Department for International Development (DFID)
• www.belizeguatemala.com 
• Lonely Planet Guide, Guatemala
• Rough Guides

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Copyright 2009 Foreign & Commonwealth Office