Markets Actual Q3 Q4 Q1 Q2 2023
Currency 7.75 7.77 7.78 7.79 7.79 7.81

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Annual Growth Rate (%) 4.75 2.6 3.8 3.8 3.8 3.4
Unemployment Rate (%) 2.00 4 4 4 4 4
Inflation Rate (%) 5.82 5.8 5 4.5 3.5 3.2
Interest Rate (%) 2.25 2.75 2.75 2.75 2 2.75
Balance of Trade (USD Million) -1071.90 -1200 -1050 -1050 -1050 -1070
Current Account (USD Million) -36.92 -300 -300 -300 -300 -300
Current Account to GDP (% of GDP) 5.50 1.6 1.6 1.6 1.6 -0.6
Government Debt to GDP (% of GDP) 31.26 29 29 29 29 27.5
Government Budget (% of GDP) -4.90 -4 -3.6 -3.6 -3.6 -3.6
Personal Income Tax Rate (%) 7.00 7 7 7 7 7
Corporate Tax Rate (%) 25.00 25 25 25 25 25

GDP Actual Q3 Q4 Q1 Q2 2023
GDP Annual Growth Rate (%) 4.75 2.6 3.8 3.8 3.8 3.4
GDP (USD Billion) 77.60 84.5 87 87 87 87
GDP Constant Prices (GTQ Million) 141128.70 138060 138836 146492 146492 151472
Gross Fixed Capital Formation (GTQ Million) 83787.60 70536 68908 69994 69587 86972
GDP per capita (USD) 3263.67 3300 3300 3300 3300 3365
GDP per capita PPP (USD) 8393.28 8550 8550 8550 8550 8590
GDP From Agriculture (GTQ Million) 12563.69 13182 12750 13041 13041 13485
GDP From Construction (GTQ Million) 6397.05 6028 6170 6640 6640 6866
GDP From Manufacturing (GTQ Million) 19647.08 19972 19748 20394 20394 21087
GDP From Mining (GTQ Million) 1088.68 1146 1186 1130 1130 1168
GDP From Public Administration (GTQ Million) 5317.87 5351 5383 5520 5520 5708
GDP From Transport (GTQ Million) 3555.79 3286 3386 3691 3691 3816
GDP From Utilities (GTQ Million) 4111.23 3693 3919 4267 4267 4413

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 2.00 4 4 4 4 4
Population (Million) 18.38 18.73 18.73 19.07 19.07 19.07
Labor Force Participation Rate (%) 59.10 60 60.3 60.3 60.3 60.3

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 5.82 5.8 5 4.5 3.5 3.2
Consumer Price Index CPI (points) 158.98 160 160 161 163 166
Inflation Expectations (%) 4.22 4.3 4.5 4.5 4.5 4.5
Inflation Rate Mom (%) 0.54 0.4 0.4 0.3 0.3 0.4
Food Inflation (%) 7.22 3 3.7 3.7 3.7 3.7
Core Inflation Rate (%) 3.71 3 3.1 3.1 3.1 3.2
CPI Housing Utilities (points) 123.62 126 126 126 129 130

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 2.25 2.75 2.75 2.75 2 2.75
Deposit Interest Rate (%) 4.63 4.88 5.38 5.38 5.38 6.13

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (USD Million) -1071.90 -1200 -1050 -1050 -1050 -1070
Current Account (USD Million) -36.92 -300 -300 -300 -300 -300
Current Account to GDP (% of GDP) 5.50 1.6 1.6 1.6 1.6 -0.6
Exports (USD Million) 1131.40 940 910 910 910 910
Imports (USD Million) 2154.00 1990 1980 1980 1980 1980
Foreign Direct Investment (USD Million) 305.60 335 325 325 325 325
Tourist Arrivals 0.00 187000 350000 350000 350000 350000

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 31.26 29 29 29 29 27.5
Government Budget (% of GDP) -4.90 -4 -3.6 -3.6 -3.6 -3.6
Government Budget Value (GTQ Million) 792.30 -4680 -4680 -4680 -4680 -4680
Government Spending (GTQ Million) 56309.50 57470 56143 57027 56696 58449
Military Expenditure (USD Million) 337.00 280 280 280 280 290

Taxes Actual Q3 Q4 Q1 Q2 2023
Personal Income Tax Rate (%) 7.00 7 7 7 7 7
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Sales Tax Rate (%) 12.00 12 12 12 12 12
Social Security Rate (%) 17.50 17.5 17.5 17.5 17.5 17.5
Social Security Rate For Companies (%) 12.67 12.67 12.67 12.67 12.67 12.67
Social Security Rate For Employees (%) 4.83 4.83 4.83 4.83 4.83 4.83

Business Actual Q3 Q4 Q1 Q2 2023
Leading Economic Index (%) 4.00 3.3 3.4 3.4 3.4 3.4

Consumer Actual Q3 Q4 Q1 Q2 2023
Consumer Spending (GTQ Million) 490266.40 468809 457991 465203 462498 508897
Gasoline Prices (USD/Liter) 1.34 1.39 1.44 1.49 1.54 1.54


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Guatemala Forecast - was last updated on Friday, July 1, 2022.