Guatemala

Guatemala, the most populous country and the largest economy in Central America, benefits from abundant mineral, natural and agricultural resources, as well as a rich cultural heritage that makes it a popular tourist destination. In recent decades, this nation has also achieved relatively stable levels of economic growth, with free trade agreements with the US and the European Union being among the drivers of such progress.

Still, Guatemala faces persistent challenges when it comes to increasing competitiveness and attracting investments. Economic growth has not translated into substantial poverty alleviation, which remains particularly severe among indigenous groups. Structural inefficiencies and bureaucratic hurdles, corruption and complex labor regulations stifle business initiatives. Additionally, heavy reliance on remittances, political and social instability, security concerns and a shortage of skilled workforce impede efforts toward sustainable development.