Page 72 - STRATEGY Magazine (G)

Guatemala in Numbers
Guatemala has the largest economy in Central America
Remittances, mostly from the United States, increased by 8.6% in 2014 and were equivalent to 9.4% of GDP.
GDP (current US$)
$58.73 billion
The Guatemalan government (GoG) continues to enhance competitiveness, promote investment opportunities, and work
on legislative reforms aimed at supporting economic growth.
GDP growth rate
More than 200 U.S. and other foreign firms have active investments in Guatemala, benefitting from the
U.S. Dominican
Republic-Central America Free Trade Agreement (CAFTA-DR).
GNI per capita, 2014 (current US$) Atlas method
Foreign direct investment (FDI) stock was US $12.1 billion in 2014, an 18 percent
increase in relation
to 2013.
Income level
Economic activity steady
As of October 2015, annual average growth equaled 4.5%, remaining within 0.1% of 4.6% since January.
4.24%
3.6% forecasted average for 2015-2016
Driven by rising private consumption, and export and remittances growth.
$3,410
44.2%
21.8%
33.5%
2010
100%
75%
50%
25%
0%
37.5%
20%
38.7%
2002
37.5%
22.7%
36.1%
2003
42.2%
19.5%
38.3%
2004
44%
22.8%
33.2%
2006
42.5%
19.8%
37.7%
2011
48.2%
19.5%
32.3%
2012
Distribution of employment by economic sectors (2002-2012)
Agriculture Industry Servicies
Distribution of employment in Guatemala by economic sector from 2002 to 2012. 40%
36.1% 35%
30% 25% 20% 15% 10% 5% 0%
11.8%
El Salvador
8.3%
Honduras
4.8%
Nicaragua
In 2014, Guatemala's most important export partner was the United States, which accounted for 36.1 percent of exports.
36.1%
70 STRATEGY
SPECIAL REPORT
United States
4.1% Mexico
Share in total export
Share of total employment