Guatemala | Economic Forecasts | 2017-2020 Outlook

This page has economic forecasts for Guatemala including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Guatemala economy.


Overview Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 3.10 3.1 3.1 3 2.7 3.4 percent [+]
Inflation Rate 4.09 4.6 4.3 4.1 4 5 percent [+]
Interest Rate 3.00 3.25 3.25 3.25 3.5 3.75 percent [+]
Balance of Trade -505.80 -555 -550 -544 -544 -544 USD Million [+]
Government Debt to GDP 24.73 24.84 24.64 24.45 24.44 24.21 percent [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 7.33 7.41 7.49 7.71 7.63 8.81 [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Annual Growth Rate 3.00 2.8 3.2 3.4 3.6 3.4 percent [+]
GDP 63.79 71.2 66 67.23 68.22 82.43 USD Billion [+]
GDP Constant Prices 66049.00 63403 63397 63397 63397 63397 GTQ Million [+]
Gross Fixed Capital Formation 36218.90 36188 35920 35652 35496 36189 GTQ Million [+]
GDP per capita 3052.30 3140 3081 3140 3108 3340 USD [+]
GDP per capita PPP 7252.95 7259 7292 7325 7337 7615 USD [+]
Gdp From Agriculture 10207.00 10207 9440 10207 9440 10207 GTQ Million [+]
Gdp From Construction 2206.00 1745 1742 1742 1742 1742 GTQ Million [+]
Gdp From Manufacturing 11150.40 11224 11117 11393 11645 11692 GTQ Million [+]
Gdp From Mining 439.30 433 418 429 448 428 GTQ Million [+]
Gdp From Public Administration 2934.50 2901 2914 2988 3002 3091 GTQ Million [+]
Gdp From Transport 6499.00 6496 6157 6493 6159 6477 GTQ Million [+]
Gdp From Utilities 1808.10 1890 1890 1889 1883 2116 GTQ Million [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 3.10 3.1 3.1 3 2.7 3.4 percent [+]
Population 16.18 16.37 16.46 16.55 16.55 18.06 Million [+]
Wages High Skilled 8220.00 7967 7921 7947 7932 7938 GTQ/Month [+]
Wages Low Skilled 2560.00 2977 2977 2977 2977 2977 GTQ/Month [+]
Labor Force Participation Rate 61.10 60.71 60.75 60.81 60.77 60.74 percent [+]
Living Wage Family 3167.20 3371 3384 3381 3382 3382 GTQ/Month [+]
Living Wage Individual 2089.10 2155 2160 2162 2162 2163 GTQ/Month [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 4.09 4.6 4.3 4.1 4 5 percent [+]
Consumer Price Index CPI 128.56 129 130 130 131 138 Index Points [+]
Inflation Rate Mom 0.26 0.28 0.29 0.28 0.29 0.29 percent [+]
Food Inflation 7.48 7.72 7.75 7.75 7.75 7.75 percent [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 3.00 3.25 3.25 3.25 3.5 3.75 percent [+]
Money Supply M0 56456.20 56660 57672 58594 59515 69494 GTQ Million [+]
Money Supply M1 79167.80 79050 79133 79127 79125 79125 GTQ Million [+]
Money Supply M2 217753.80 219772 223483 227120 230746 270107 GTQ Million [+]
Foreign Exchange Reserves 9792.70 9842 9836 9835 9835 9835 USD Million [+]
Deposit Interest Rate 5.50 5.54 5.53 5.53 5.53 5.56 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -505.80 -555 -550 -544 -544 -544 USD Million [+]
Exports 1094.50 979 921 924 932 932 USD Million [+]
Imports 1600.30 1505 1493 1494 1495 1495 USD Million [+]
Current Account 44.60 146 154 117 305 125 USD Million [+]
Current Account to GDP -0.30 -1.3 -1.21 -1.11 -1.35 -1.69 percent [+]
Capital Flows 1042.10 1350 1329 1309 1374 1823 USD Million [+]
Remittances 6460.60 6543 6810 7077 7195 8682 USD Million [+]
Gold Reserves 6.89 6.89 6.89 6.89 6.89 6.89 Tonnes [+]
Terrorism Index 1.14 1.3 1.14 0.97 0.99 1.62 [+]
Crude Oil Production 9.06 8.91 8.92 8.91 8.91 8.91 BBL/D/1K [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 24.73 24.84 24.64 24.45 24.44 24.21 percent [+]
Government Budget -1.40 -1.87 -1.75 -1.62 -1.66 -1.65 percent of GDP [+]
Government Budget Value 367.50 -570 -476 -508 -530 -557 GTQ Million [+]
Government Spending 26548.50 26201 26110 26019 25843 23264 GTQ Million [+]
Government Revenues 5797.60 4890 4935 4941 4937 4830 GTQ Million [+]
Fiscal Expenditure 5430.10 4289 5300 5219 4953 5053 GTQ Million [+]
Military Expenditure 264.00 245 246 247 246 250 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Changes in Inventories 771.40 662 680 698 735 533 GTQ Million [+]
Steel Production 25.00 28.92 29.14 28.32 28.36 28.49 Thousand Tonnes [+]
Leading Economic Index 3.21 3.23 3.32 3.38 3.43 3.51 percent [+]
Competitiveness Index 4.08 4.05 4.05 4.05 4.09 4.11 Points [+]
Competitiveness Rank 78.00 77 77 77 78 78 [+]
Corruption Index 28.00 28 27 27 27 28 Points [+]
Corruption Rank 136.00 132 136 140 140 137 [+]
Ease of Doing Business 88.00 89 89 90 90 94 [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Consumer Spending 216547.00 218425 220996 223567 225201 241827 GTQ Million [+]
Gasoline Prices 0.80 0.8 0.79 0.79 0.79 0.79 USD/Liter [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Personal Income Tax Rate 7.00 7 7 7 7 7 percent [+]
Corporate Tax Rate 25.00 25.08 25.3 25.53 25.98 27.55 percent [+]
Sales Tax Rate 12.00 12 12 12 12 12 percent [+]
Social Security Rate 17.50 17.5 17.5 17.5 17.5 17.5 percent [+]
Social Security Rate For Companies 12.67 12.67 12.67 12.67 12.67 12.67 percent [+]
Social Security Rate For Employees 4.83 4.83 4.83 4.83 4.83 4.83 percent [+]