GUATEMALA

Solid growth, remaining structural challenges

B2

MEDIUM RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

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GDP USD 76.71bn (World ranking 70, World Bank 2019)
Population 16.604mn (World ranking 68, World Bank 2019)
Form of state Constitutional Democratic Republic
Head of government Alejandro Giammattei (President)
Next elections 2023, presidential and legislative
  • Prudent macroeconomic policy framework
  • Moderate debt ratios and adequate external balance
  • Access to international financial support likely if needed
  • Trade agreement with the U.S. (DR-CAFTA)
  • Effective management of current account
  • High dependency on primary commodities and the U.S. (trade and remittances)
  • Weak institutional framework, legacy of political instability
  • Severe levels of crime and drug trafficking
  • Low medium-term real GDP per capita growth and highly skewed income distribution

Trade structure by destination/origin

(% of total)

Exports Rank Imports
United States 32.8%
1
37.1% United States
El salvador 12.4%
2
11.2% China
Honduras 9%
3
11% Mexico
Mexico 4.9%
4
5.2% El Salvador
Nicaragua 4.9%
5
3.5% Costa Rica

Trade structure by product

(% of total)

Exports Rank Imports
Coffee, tea, maté and spices 11.78%
1
16.46% Mineral fuel, mineral oil and other related products
fruits and nuts 11.16%
2
8.28% Electrical machinery and equipement
Articles of apparel and clothing accessories 10.26%
3
7.5% Machinery and mechanical appliances
Sugars and sugar confectionery 7.32%
4
7.2% Motor vehicles
Mineral fuel, mineral oil and other related products 4.51%
5
5.47% Plastic articles
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