Page 87 - STRATEGY Magazine (G)

FINANCE
Between 2011 and 2014 the number of people with bank accounts grew in all Central American countries, with the most growth, 23%, in El Salvador.
82.9%
82.9% of users of financial services are concentrated in Guatemala City, equivalent to 587,366 affiliated mobile customers.
The average amount of transactions completed using this system nationwide is US $85. Monetary deposits are the most demanded service with 51.5%, followed by savings deposits with 26.1%, and the remaining part is credit lines.
30% 25% 20% 15% 10% 5% 0%
2
24.28%
2014 2015
2016 2017
2018 2019 2020
2549%
26.04%
26.42%
26.81%
27.13%
24.8%
.
National debt in relation to GDP (2014-2020)
Budget balance in relation to GDP (2014-2020)
Free Zones
0% -0.5% -1% -1.5% -2% -2.5% -3% -3.5%
Map
5
1. Guatemala City (11) 2. San Marcos (2) 3. Escuintla (2) 4. Santa Rosa (1) 5. Izabal (2)
-1.89%
2014
-1.77%
2015*
-2.03%
2016*
-2.1%
2017*
-2.08%
2018*
-2.12%
2019*
-2.12%
2020*
3
1 4
A positive value indicates a budget surplus, a negative value indicates a deficit. In 2014, Guatemala's budget deficit amounted to around 1.89 percent of GDP.
Free Trade Zones Law (Decree 65-89): This law establishes that, by locating a company in one of the existing “Free Trade Zones,” it can enjoy the following benefits: exoneration of the company of customs duties and value added tax (VAT) for all machinery, equipment, furniture, tools and other materials destined mainly for the construction of infrastructure.
Source: Deloitte, Social Studies and Investigation Association (Guatemala), IMF, Invest in Guatemala
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Budget balance in relation to GDP
National debt in relation to GDP