Markets Actual Q1 Q2 Q3 Q4 2020
Currency 7.72 7.72 7.72 7.72 7.72 7.72
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 3.50 2.6 3 3.2 3.2 3.4
Unemployment Rate (%) 2.30 3.8 3.8 4 4.2 3.7
Inflation Rate (%) 2.31 3.4 3.7 4.4 4.3 4.2
Interest Rate (%) 2.75 2.75 2.75 2.75 2.75 2.5
Balance of Trade (USD Million) -764.90 -600 -890 -700 -1175 -1200
Current Account (USD Million) 105.60 420 310 -100 -260 -300
Current Account to GDP (%) 1.50 -1.2 -1.2 -1.2 -1.2 0.4
Government Debt to GDP (%) 24.76 27.4 27.4 27.4 27.4 27
Government Budget (% of GDP) -1.30 -1.4 -1.4 -1.4 -1.4 -1.4
Personal Income Tax Rate (%) 7.00 7 7 7 7 7
Corporate Tax Rate (%) 25.00 25 25 25 25 25
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 3.50 2.6 3 3.2 3.2 3.4
GDP (USD Billion) 75.62 85.3 85.3 85.3 85.3 85.3
GDP Constant Prices (GTQ Million) 65594.10 64077 66299 66427 66427 68686
Gross Fixed Capital Formation (GTQ Million) 39015.10 38165 38314 38388 40264 41633
GDP per capita (USD) 3124.21 3260 3260 3260 3260 3340
GDP per capita PPP (USD) 7423.81 7685 7685 7571 7571 7687
GDP From Agriculture (GTQ Million) 8247.80 8364 8280 8296 8296 8578
GDP From Construction (GTQ Million) 1880.50 1439 1674 1678 1678 1735
GDP From Manufacturing (GTQ Million) 11559.50 12027 11434 11456 11456 11845
GDP From Mining (GTQ Million) 213.60 235 219 220 220 227
GDP From Public Administration (GTQ Million) 3056.20 3055 3039 3045 3045 3149
GDP From Transport (GTQ Million) 6606.30 6727 7628 7643 7643 7903
GDP From Utilities (GTQ Million) 2090.00 1990 2122 2126 2126 2198
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 2.30 3.8 3.8 4 4.2 3.7
Wages High Skilled (GTQ/Month) 8230.00 8400 7937 7937 8400 8500
Wages Low Skilled (GTQ/Month) 3180.00 3390 3312 3316 3390 3420
Living Wage Family (GTQ/Month) 4850.00 3660 4850 4850 4850 3660
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 2.31 3.4 3.7 4.4 4.3 4.2
Consumer Price Index CPI (Index Points) 137.13 139 141 143 143 149
Inflation Expectations (%) 4.39 4.3 4.4 4.5 4.5 4.6
Inflation Rate Mom (%) 0.13 0.3 0.6 -0.2 0.8 0.6
Food Inflation (%) 4.65 6.7 7.1 8.3 7.7 7.6
Cpi Housing Utilities (Index Points) 112.70 115 116 117 118 123
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 2.75 2.75 2.75 2.75 2.75 2.5
Deposit Interest Rate (%) 5.40 5.4 5.4 5.4 5.4 5.4
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) -764.90 -600 -890 -700 -1175 -1200
Current Account (USD Million) 105.60 420 310 -100 -260 -300
Current Account to GDP (%) 1.50 -1.2 -1.2 -1.2 -1.2 0.4
Exports (USD Million) 808.40 1000 860 880 765 770
Imports (USD Million) 1573.20 1600 1750 1580 1940 1970
Remittances (USD Million) 8192.20 9500 9500 9500 9500 9750
Foreign Direct Investment (USD Million) 244.10 288 251 260 280 285
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 24.76 27.4 27.4 27.4 27.4 27
Government Budget (% of GDP) -1.30 -1.4 -1.4 -1.4 -1.4 -1.4
Government Budget Value (GTQ Million) -2142.10 100 -1350 -1800 -5050 -4680
Government Spending (GTQ Million) 27370.10 26971 27076 27128 28246 29206
Government Revenues (GTQ Million) 4665.10 5200 4700 4000 4800 5120
Fiscal Expenditure (GTQ Million) 6807.20 5100 6050 5800 9850 9800
Taxes Actual Q1 Q2 Q3 Q4 2020
Personal Income Tax Rate (%) 7.00 7 7 7 7 7
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Sales Tax Rate (%) 12.00 12 12 12 12 12
Social Security Rate (%) 17.50 17.5 17.5 17.5 17.5 17.5
Social Security Rate For Companies (%) 12.67 12.67 12.67 12.67 12.67 12.67
Social Security Rate For Employees (%) 4.83 4.83 4.83 4.83 4.83 4.83
Business Actual Q1 Q2 Q3 Q4 2020
Leading Economic Index (%) 3.00 2.3 3.2 3.1 3.4 3.5
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Spending (GTQ Million) 232000.30 228896 229788 230234 239424 247565
Gasoline Prices (USD/Liter) 0.73 0.73 0.71 0.69 0.68 0.68


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.