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 Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 2.30 3.6 3.8 3.8 4 3.7 percent
Inflation Rate 4.34 4.1 4 4.2 4.3 4 percent
Interest Rate 2.75 2.75 2.75 2.75 2.75 2.5 percent
Balance of Trade -773.70 -748 -746 -746 -746 -746 USD Million
Government Debt to GDP 24.76 25 27.4 23.7 25.1 25.2 percent
MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 7.68
7.7 7.71 7.73 7.74 7.8
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Annual Growth Rate 3.30
percent
2.8 2.6 3 3.2 3.4
GDP 75.62
USD Billion
79.02 85.3 85.3 85.3 96.2
GDP Constant Prices 64367.50
GTQ Million
69921 64077 66299 66427 74612
Gross Fixed Capital Formation 37197.60
GTQ Million
38239 38165 38314 38388 40805
GDP per capita 3124.21
USD
3190 3260 3260 3260 3340
GDP per capita PPP 7423.81
USD
7500 7685 7685 7571 7770
GDP From Agriculture 8039.00
GTQ Million
10840 8364 8280 8296 11567
GDP From Construction 1625.70
GTQ Million
2332 1439 1674 1678 2488
GDP From Manufacturing 11100.50
GTQ Million
11742 12027 11434 11456 12530
GDP From Mining 213.00
GTQ Million
264 235 219 220 282
GDP From Public Administration 2950.70
GTQ Million
3275 3055 3039 3045 3495
GDP From Transport 7406.00
GTQ Million
7164 6727 7628 7643 7645
GDP From Utilities 2060.10
GTQ Million
1954 1990 2122 2126 2085
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 2.30
percent
3.6 3.8 3.8 4 3.7
Population 16.92
Million
16.9 16.9 16.9 16.89 16.87
Wages High Skilled 8230.00
GTQ/Month
8400 8400 7937 7937 8500
Wages Low Skilled 3180.00
GTQ/Month
3390 3390 3312 3316 3420
Living Wage Family 4850.00
GTQ/Month
4850 3660 4850 4850 3660
Living Wage Individual 2500.00
GTQ/Month
2500 2500 2500 2500 2500
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 4.34
percent
4.1 4 4.2 4.3 4
Consumer Price Index CPI 137.35
Index Points
140 139 141 143 151
Inflation Expectations 3.90
percent
3.94 3.92 3.91 3.92 3.92
Inflation Rate Mom 0.34
percent
0.33 0.36 0.37 0.36 0.36
Food Inflation 7.90
percent
7.53 7.43 7.43 1.97 7.43
Core Consumer Prices 129.50
Index Points
130 130 130 130 131
Core Inflation Rate 2.63
percent
2.59 2.64 2.66 2.66 2.67
Cpi Housing Utilities 112.37
Index Points
115 115 116 117 124
Cpi Transportation 111.13
Index Points
111 111 111 111 111
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 2.75
percent
2.75 2.75 2.75 2.75 2.5
Money Supply M0 63698.30
GTQ Million
63330 64380 65345 66275 74468
Money Supply M1 84274.40
GTQ Million
84298 84293 84292 84292 84292
Money Supply M2 241187.80
GTQ Million
244284 247989 251790 255585 289402
Foreign Exchange Reserves 12357.40
USD Million
12381 12373 12378 12378 12378
Deposit Interest Rate 5.40
percent
5.4 5.4 5.4 5.4 5.15
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -773.70
USD Million
-748 -746 -746 -746 -746
Exports 879.70
USD Million
905 908 906 906 906
Imports 1653.40
USD Million
1656 1654 1652 1652 1652
Current Account 105.60
USD Million
-54.06 260 12.37 22.15 6.05
Current Account to GDP 1.50
percent
0.3 -1.72 -1.24 -0.65 -0.26
Capital Flows 1845.80
USD Million
2102 2090 2077 2064 1592
Remittances 8192.20
USD Million
9066 9260 9455 9650 11157
Gold Reserves 6.90
Tonnes
6.89 6.89 6.89 6.89 6.89
Terrorism Index 0.51
0.51 0.51 0.51 0.51 0.51
Tourist Arrivals 551230.00
persons
565500 577500 572800 544100 555800
Foreign Direct Investment 244.10
USD Million
276 288 251 260 285
Crude Oil Production 9.00
BBL/D/1K
9.2 9.41 9.46 9.38 9.39
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 24.76
percent
25 27.4 23.7 25.1 25.2
Government Budget -1.30
percent of GDP
-1.3 -1.3 -1.3 -1.3 -1.3
Government Budget Value -1698.40
GTQ Million
-1590 -1617 -1360 -1331 -978
Government Spending 26287.20
GTQ Million
27023 26971 27076 27128 28836
Government Revenues 4022.40
GTQ Million
4329 4517 4664 4777 5114
Fiscal Expenditure 5720.80
GTQ Million
6265 6133 6024 6108 6093
Military Expenditure 262.80
USD Million
283 280 278 276 280
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Changes in Inventories -63.80
GTQ Million
98.68 220 342 463 563
Internet Speed 3309.38
KBps
3195 3202 3197 3195 3197
IP Addresses 208790.00
IP
204238 204174 204097 204189 204158
Leading Economic Index 3.00
percent
2.7 3 3.2 3.2 3.5
Steel Production 25.00
Thousand Tonnes
25.05 25.06 25.04 25.05 25.05
Competitiveness Index 53.36
Points
53.86 53.86 53.86 53.86 56.36
Competitiveness Rank 96.00
96 96 96 96 96
Ease of Doing Business 98.00
98 97 96 95 98
Corruption Index 28.00
Points
28 28 28 28 28
Corruption Rank 143.00
143 143 143 143 143
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Consumer Spending 223095.10
GTQ Million
229342 228896 229788 230234 244728
Private Sector Credit 126684.90
GTQ Million
127815 129354 130838 132295 144323
Gasoline Prices 0.89
USD/Liter
0.88 0.86 0.85 0.83 0.77
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 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 17.5 17.5
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 Q4/18 Q1/19 Q2/19 Q3/19 2020
Temperature 25.66
celsius
21.89 21.88 23.81 23.81 23.67



Guatemala - Economic Forecasts - 2018-2020 Outlook