The economy of Guatemala advanced 3 percent year-on-year in the first quarter of 2019, easing from a 3.5 percent expansion in the previous period. Output growth slowed in agriculture, forestry & fishing (2.2 percent from 2.4 percent in Q4); manufacturing (2 percent from 3.2 percent); trade (4.5 percent from 4.8 percent); financial intermediation & insurance (2.3 percent from 3.8 percent); and public administration & defense (1.4 percent from 2.1 percent). Also, utilities output shrank 3.4 percent, after expanding 1.4 percent in the last quarter of 2018. 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.

GDP Annual Growth Rate in Guatemala is expected to be 3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Guatemala to stand at 3.30 in 12 months time. In the long-term, the Guatemala GDP Annual Growth Rate is projected to trend around 3.40 percent in 2020, according to our econometric models.

Guatemala GDP Annual Growth Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Guatemala GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 3.00 3.50 7.70 -1.50 percent [+]
GDP 78.46 75.62 78.46 1.04 USD Billion [+]
GDP Constant Prices 64194.70 70421.80 70421.80 35350.00 GTQ Million [+]
Gross Fixed Capital Formation 39015.10 37197.60 39015.10 26905.70 GTQ Million [+]
GDP per capita 3160.01 3123.94 3160.01 1461.76 USD [+]
GDP per capita PPP 7508.86 7423.17 7508.86 5100.77 USD [+]
GDP From Agriculture 8318.20 10797.20 10797.20 4494.10 GTQ Million [+]
GDP From Construction 1477.10 2368.90 2368.90 1219.10 GTQ Million [+]
GDP From Manufacturing 11966.40 11785.30 11966.40 6781.80 GTQ Million [+]
GDP From Mining 232.50 246.50 594.80 212.70 GTQ Million [+]
GDP From Public Administration 3061.10 3282.30 3282.30 1444.20 GTQ Million [+]
GDP From Transport 6887.70 7236.70 7436.70 1931.50 GTQ Million [+]
GDP From Utilities 1872.40 1926.70 2091.20 933.20 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.00 3.50 7.70 -1.50 2002 - 2019 percent Quarterly




Country Last Previous
China 6.20 Jun/19
Indonesia 5.05 Jun/19
India 5.00 Jun/19
United States 2.30 Jun/19
Spain 2.10 Jun/19
Netherlands 2.00 Jun/19
South Korea 2.00 Jun/19
Saudi Arabia 1.70 Mar/19
Canada 1.60 Jun/19
Australia 1.40 Jun/19
France 1.40 Jun/19
Euro Area 1.20 Jun/19
United Kingdom 1.20 Jun/19
Brazil 1.00 Jun/19
Japan 1.00 Jun/19
Russia 0.90 Jun/19
South Africa 0.90 Jun/19
Argentina 0.60 Jun/19
Germany 0.40 Jun/19
Switzerland 0.20 Jun/19
Singapore 0.10 Jun/19
Italy -0.10 Jun/19
Mexico -0.80 Jun/19
Turkey -1.50 Jun/19


Related

Latest