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 Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 3.10 3 2.7 2.7 3.1 3.4 percent [+]
Inflation Rate 4.20 4.7 4.5 4.3 4.1 3.8 percent [+]
Interest Rate 3.00 3 3 3.25 3.25 3.5 percent [+]
Balance of Trade -698.20 -628 -607 -587 -569 -462 USD Million [+]
Government Debt to GDP 24.22 24.6 24.82 25.05 25.27 27.4 percent [+]
MARKETS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Currency 7.34 7.24 7.16 7.09 7.02 6.21 [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Annual Growth Rate 2.30 3.5 3.3 3.5 3.6 3.4 percent [+]
GDP 68.76 73.2 74.27 75.35 76.42 85.3 USD Billion [+]
GDP Constant Prices 62423.70 64870 61985 62473 61612 62927 GTQ Million [+]
Gross Fixed Capital Formation 36218.90 34993 34533 34072 33612 31998 GTQ Million [+]
GDP per capita 3100.20 3140 3122 3127 3131 3340 USD [+]
GDP per capita PPP 7366.80 7415 7428 7441 7454 7516 USD [+]
Gdp From Agriculture 7725.60 10127 8070 7744 7686 9879 GTQ Million [+]
Gdp From Construction 1577.70 2143 1433 1563 1656 1974 GTQ Million [+]
Gdp From Manufacturing 10756.30 10956 11270 10926 10849 10868 GTQ Million [+]
Gdp From Mining 460.10 437 450 445 443 417 GTQ Million [+]
Gdp From Public Administration 2819.80 2853 2836 2825 2824 2803 GTQ Million [+]
Gdp From Transport 6891.30 7021 6697 6988 6686 6830 GTQ Million [+]
Gdp From Utilities 1883.10 1844 1837 1846 1846 1835 GTQ Million [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 3.10 3 2.7 2.7 3.1 3.4 percent [+]
Population 16.56 16.4 16.4 16.7 16.83 18.08 Million [+]
Living Wage Family 3560.00 3560 3560 3560 3560 3560 GTQ/Month [+]
Living Wage Individual 1690.00 1690 1690 1690 1690 1690 GTQ/Month [+]
Wages High Skilled 8270.00 7971 7930 7909 7888 7951 GTQ/Month [+]
Wages Low Skilled 3320.00 3230 2920 2766 2611 2634 GTQ/Month [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 4.20 4.7 4.5 4.3 4.1 3.8 percent [+]
Consumer Price Index CPI 131.64 130 131 131 131 135 Index Points [+]
Inflation Rate Mom 0.54 0.36 0.6 0.7 0.74 0.77 percent [+]
Food Inflation 9.44 8.82 8.66 8.68 8.75 8.88 percent [+]
Cpi Housing Utilities 108.78 108 108 107 107 107 Index Points [+]
MONEY Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Interest Rate 3.00 3 3 3.25 3.25 3.5 percent [+]
Money Supply M0 57389.90 57463 57430 57401 57371 57098 GTQ Million [+]
Money Supply M1 78685.20 78330 78281 78224 78166 77647 GTQ Million [+]
Money Supply M2 223091.70 222938 223246 223298 223236 221898 GTQ Million [+]
Foreign Exchange Reserves 11494.40 11315 11304 11290 11275 11143 USD Million [+]
Deposit Interest Rate 5.50 6.23 6.35 6.47 6.59 7.43 percent [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade -698.20 -628 -607 -587 -569 -462 USD Million [+]
Exports 898.40 875 865 855 844 766 USD Million [+]
Imports 1596.60 1549 1544 1539 1534 1487 USD Million [+]
Current Account 587.30 167 352 388 241 131 USD Million [+]
Current Account to GDP 1.30 -0.15 -0.48 -0.81 -1.15 -1.72 percent [+]
Capital Flows 805.20 766 779 791 804 1039 USD Million [+]
Remittances 7160.00 6646 6705 6764 6823 7038 USD Million [+]
Gold Reserves 6.89 6.88 6.87 6.87 6.87 6.85 Tonnes [+]
Terrorism Index 0.51 0.9 0.9 0.89 0.89 1.63 [+]
Crude Oil Production 8.00 8.9 9.16 9.4 9.63 11.19 BBL/D/1K [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 24.22 24.6 24.82 25.05 25.27 27.4 percent [+]
Government Budget -1.10 -1.35 -1.41 -1.47 -1.53 -1.58 percent of GDP [+]
Government Budget Value -1260.30 -3020 450 5.1 -940 -2230 GTQ Million [+]
Government Spending 26548.50 25943 25689 25435 25181 22217 GTQ Million [+]
Government Revenues 4036.60 4147 4245 4333 4408 4664 GTQ Million [+]
Fiscal Expenditure 5296.90 5288 5250 5096 4997 4310 GTQ Million [+]
Military Expenditure 259.00 270 273 275 277 297 USD Million [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Changes in Inventories 771.40 698 735 772 809 533 GTQ Million [+]
Internet Speed 3309.38 3121 3080 3043 3010 2736 KBps [+]
IP Addresses 208790.00 200686 199599 198703 198059 193781 IP [+]
Leading Economic Index 2.80 3.07 3.22 3.31 3.37 3.47 percent [+]
Steel Production 25.00 25.28 24.82 24.73 24.7 24.68 Thousand Tonnes [+]
Competitiveness Index 4.08 4.06 4.06 4.06 4.06 4.02 Points [+]
Competitiveness Rank 84.00 84 84 84 84 86 [+]
Ease of Doing Business 97.00 97 102 104 106 111 [+]
Corruption Index 28.00 27 27 27 27 28 Points [+]
Corruption Rank 136.00 135 133 132 131 117 [+]
CONSUMER Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Consumer Spending 216547.00 225046 227097 229149 231200 248388 GTQ Million [+]
Gasoline Prices 0.79 0.79 0.78 0.78 0.78 0.75 USD/Liter [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Corporate Tax Rate 25.00 26 27 28 28 32 percent [+]
Personal Income Tax Rate 7.00 14 15 17 18 28 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 [+]