Guatemala GDP Annual Growth Rate  2002-2018 | Data | Chart | Calendar

The economy of Guatemala advanced 3.3 percent year-on-year in the second quarter of 2018, compared to a 2 percent growth in the previous period. It was the fastest expansion since the second quarter of 2016, as output grew solidly in: transportation (7.8 percent vs 4.2 percent in Q1); finance and insurance (6.4 percent vs 4.1 percent); public administration (4.7 percent vs 3.2 percent); manufacturing (4 percent vs 2.3 percent); wholesale and retail trade (4 percent vs 3.7 percent) and agriculture (3.9 percent vs 1.7 percent). In contrast, the construction sector continued to contract steeply (-53.9 percent vs -54.8 percent). GDP Annual Growth Rate in Guatemala averaged 3.49 percent from 2002 until 2018, reaching an all time high of 7.70 percent in the second quarter of 2007 and a record low of -1.50 percent in the second quarter of 2009.

Guatemala GDP Annual Growth Rate
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Guatemala GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 3.30 2.00 7.70 -1.50 percent [+]
GDP 75.62 68.66 75.62 1.04 USD Billion [+]
GDP Constant Prices 64367.50 62453.50 68049.40 35350.00 GTQ Million [+]
Gross Fixed Capital Formation 37197.60 36425.20 37197.60 26905.70 GTQ Million [+]
GDP per capita 3124.21 3100.98 3124.21 1461.76 USD [+]
GDP per capita PPP 7423.81 7368.61 7423.81 5100.78 USD [+]
Gdp From Agriculture 8039.00 8152.50 10544.40 4494.10 GTQ Million [+]
Gdp From Construction 1625.70 1402.90 2297.80 1219.10 GTQ Million [+]
Gdp From Manufacturing 11100.50 11722.60 11722.60 6781.80 GTQ Million [+]
Gdp From Mining 213.00 229.30 594.80 213.00 GTQ Million [+]
Gdp From Public Administration 2950.70 2977.20 3186.00 1444.20 GTQ Million [+]
Gdp From Transport 7406.00 6556.10 7406.00 1931.50 GTQ Million [+]
Gdp From Utilities 2060.10 1939.40 2060.10 933.20 GTQ Million [+]


Guatemala GDP Annual Growth Rate

Guatemala has one of the lowest GDP per capita of the Americas. The main sector of the economy is services which accounts for 60 percent of GDP. The growing tourism industry is one of the major sources of income. More importantly, in recent years Guatemala was able to attract foreign direct investment to its production industries. As a result, the manufacturing sector now employs 23 percent of the population and accounts for 30 percent of GDP. Nevertheless, high crime rate and corruption, lack of high-skilled manpower and low quality infrastructures are the country's most challenging obstacles for growth. This page provides - Guatemala GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Guatemala GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on October of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.30 2.00 7.70 -1.50 2002 - 2018 percent Quarterly




GDP annual growth rate by Country
Country Last
India 8.20 Jun/18
China 6.50 Sep/18
Indonesia 5.27 Jun/18
Turkey 5.20 Jun/18
Australia 3.40 Jun/18
Switzerland 3.40 Jun/18
Netherlands 3.10 Jun/18
United States 2.90 Jun/18
South Korea 2.80 Jun/18
Mexico 2.60 Jun/18
Singapore 2.60 Sep/18
Spain 2.50 Jun/18
Euro Area 2.10 Jun/18
Germany 2.00 Jun/18
Canada 1.90 Jun/18
Russia 1.90 Jun/18
France 1.70 Jun/18
Saudi Arabia 1.61 Jun/18
Italy 1.20 Jun/18
United Kingdom 1.20 Jun/18
Brazil 1.00 Jun/18
Japan 1.00 Jun/18
South Africa 0.40 Jun/18
Argentina -4.20 Jun/18


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