Guatemala - Economic Forecasts - 2018-2020 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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 2.30 2.7 2.3 2.4 2.4 3.4 percent
Inflation Rate 3.92 4.2 4.1 4.1 4 4 percent
Interest Rate 2.75 2.75 2.75 2.75 2.75 2.5 percent
Balance of Trade -841.20 -637 -575 -613 -660 -633 USD Million
Government Debt to GDP 24.76 24.25 25 24.1 27.4 23.7 percent
MARKETS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 7.46
7.4 7.4 7.4 7.4 7.4
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Annual Growth Rate 2.87
percent
3.2 3.3 3.3 3.4 3.5
GDP 68.76
USD Billion
70.4 71.8 73.2 85.3 88.8
GDP Constant Prices 68049.40
GTQ Million
64605 64933 69393 64933 73546
Gross Fixed Capital Formation 37197.60
GTQ Million
37700 37336 38128 38128 40409
GDP per capita 3100.20
USD
3114 3190 3190 3260 3340
GDP per capita PPP 7366.80
USD
7396 7409 7421 7685 7768
Gdp From Agriculture 10544.40
GTQ Million
8069 8269 10724 8269 11366
Gdp From Construction 2268.50
GTQ Million
1633 1852 2318 1852 2456
Gdp From Manufacturing 11422.00
GTQ Million
11152 11449 11715 11449 12416
Gdp From Mining 256.70
GTQ Million
476 246 462 246 489
Gdp From Public Administration 3186.00
GTQ Million
2918 3026 3083 3026 3268
Gdp From Transport 6969.10
GTQ Million
7131 6569 6828 6569 7237
Gdp From Utilities 1900.80
GTQ Million
1951 1995 1900 1995 2013
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 2.30
percent
2.7 2.3 2.4 2.4 3.4
Population 16.92
Million
16.7 16.45 16.54 16.54 16.49
Wages High Skilled 8270.00
GTQ/Month
8400 8400 8400 8400 8500
Wages Low Skilled 3320.00
GTQ/Month
3390 3390 3390 3390 3420
Living Wage Family 3560.00
GTQ/Month
3560 3560 3560 3660 3660
Living Wage Individual 1690.00
GTQ/Month
1690 1690 1690 1690 1690
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 3.92
percent
4.2 4.1 4.1 4 4
Consumer Price Index CPI 133.60
Index Points
136 136 140 139 151
Inflation Expectations 4.59
percent
4.56 4.58 4.54 4.54 4.55
Inflation Rate Mom 0.04
percent
-0.08 -0.04 -0.09 -0.06 -0.07
Food Inflation 8.00
percent
7.71 7.66 7.66 7.66 7.66
Core Consumer Prices 127.37
Index Points
127 127 127 127 127
Core Inflation Rate 2.49
percent
2.25 2.09 2.02 1.98 1.95
Cpi Housing Utilities 111.04
Index Points
113 113 115 115 124
Cpi Transportation 109.10
Index Points
109 109 109 109 109
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 2.75
percent
2.75 2.75 2.75 2.75 2.5
Money Supply M0 59953.00
GTQ Million
61814 61762 61728 61695 61325
Money Supply M1 84310.40
GTQ Million
77963 80030 80515 79532 79889
Money Supply M2 234336.60
GTQ Million
232782 233069 233147 233106 231502
Foreign Exchange Reserves 11845.90
USD Million
10530 10120 10393 10688 10616
Deposit Interest Rate 5.50
percent
5.5 5.49 5.48 5.48 5.47
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -841.20
USD Million
-637 -575 -613 -660 -633
Exports 902.90
USD Million
902 902 902 902 902
Imports 1744.10
USD Million
1539 1477 1511 1563 1535
Current Account -238.00
USD Million
383 383 383 383 383
Current Account to GDP 1.50
percent
0.22 -0.54 0.3 -1.72 -0.26
Capital Flows 1845.80
USD Million
1169 1156 1142 1260 1624
Remittances 7160.00
USD Million
7360 7592 7825 7957 9792
Gold Reserves 6.90
Tonnes
6.89 6.89 6.89 6.89 6.89
Terrorism Index 0.51
0.65 0.58 0.51 0.62 1.83
Foreign Direct Investment 282.10
USD Million
276 276 276 276 276
Crude Oil Production 9.00
BBL/D/1K
8.64 9 9.88 10.03 9.36
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 24.76
percent
24.25 25 24.1 27.4 23.7
Government Budget -1.30
percent of GDP
-1.39 -1.44 -1.48 -1.47 -1.29
Government Budget Value 146.90
GTQ Million
-866 -795 -745 -813 -774
Government Spending 26287.20
GTQ Million
27478 27212 26944 26944 28557
Government Revenues 5129.20
GTQ Million
4929 5003 4993 4994 4994
Fiscal Expenditure 4982.30
GTQ Million
5795 5798 5713 5808 5768
Military Expenditure 262.80
USD Million
258 256 254 253 257
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Changes in Inventories -63.80
GTQ Million
-63.8 -63.8 -63.8 -63.8 -63.8
Internet Speed 3309.38
KBps
3206 3190 3195 3202 3197
IP Addresses 208790.00
IP
203767 204158 204238 204174 204158
Leading Economic Index 2.90
percent
2.6 2.8 2.8 3 2.7
Steel Production 25.00
Thousand Tonnes
24.51 24.48 24.5 24.5 24.5
Competitiveness Index 4.08
Points
4.08 4.08 4.08 4.08 4.08
Competitiveness Rank 84.00
81 81 81 81 81
Ease of Doing Business 97.00
97 97 97 97 97
Corruption Index 28.00
Points
28 28 28 28 28
Corruption Rank 143.00
143 143 143 143 143
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Consumer Spending 223095.10
GTQ Million
222503 220353 228672 228672 242359
Gasoline Prices 0.91
USD/Liter
0.81 0.76 0.72 0.68 0.47
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Personal Income Tax Rate 7.00
percent
7 7 7 7 7
Corporate Tax Rate 25.00
percent
25 25 25 25 25
Sales Tax Rate 12.00
percent
12 12 12 12 12
Social Security Rate 17.50
percent
17.5 17.5 17.5 18 18
Social Security Rate For Companies 12.67
percent
12.67 12.67 12.67 12.67 12.67
Social Security Rate For Employees 4.83
percent
4.83 4.83 4.83 4.83 4.83
CLIMATE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Temperature 25.66
celsius
24.78 24.13 21.89 21.88 23.67