The Gross Domestic Product (GDP) in Guatemala expanded 15.06 percent in the second quarter of 2021 over the same quarter of the previous year. source: Banco de Guatemala

GDP Annual Growth Rate in Guatemala averaged 3.44 percent from 2002 until 2021, reaching an all time high of 15.06 percent in the second quarter of 2021 and a record low of -8.89 percent in the second quarter of 2020. This page provides - Guatemala GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Guatemala GDP Annual Growth Rate - values, historical data and charts - was last updated on December of 2021.

GDP Annual Growth Rate in Guatemala is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Guatemala GDP Annual Growth Rate is projected to trend around 3.80 percent in 2022 and 3.40 percent in 2023, according to our econometric models.

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Guatemala GDP Annual Growth Rate


Related Last Previous Unit Reference
GDP Annual Growth Rate 15.06 4.82 percent Jun/21
GDP Constant Prices 133778.70 136134.50 GTQ Million Jun/21
Gross Fixed Capital Formation 67823.30 72283.30 GTQ Million Dec/20
GDP From Utilities 3578.25 3907.32 GTQ Million Jun/21
GDP From Transport 3184.55 3308.62 GTQ Million Jun/21
GDP From Public Administration 5184.62 5164.50 GTQ Million Jun/21
GDP From Mining 1110.21 975.50 GTQ Million Jun/21
GDP From Manufacturing 19352.30 19910.80 GTQ Million Jun/21
GDP From Construction 5841.43 5539.29 GTQ Million Jun/21
GDP From Agriculture 12772.80 14500.79 GTQ Million Jun/21
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.