Browse a full set of economic indicators


Includes historical data for Guatemala’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.

Central America’s Largest Economy

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.

Macroeconomy & Sovereign Data

Type of Government Presidential republic
Capital Guatemala City
Sovereign Ratings S&P: Selective default
Moody’s: Not rated
Fitch: BB
Total Population 19.4 million
Median Age 23.2
Adult Per Capita Income (PPP) 16,115.71
Total GDP (2023) 110.0 billion

Guatemala GDP & Economic Overview

Most Recent Content


Banking & Finance

Trade & Investment

Total Exports USD 28.8 billion (2023)
Leading Exports Clothing
Palm Oil
Raw Sugar
Total Imports USD 16.5 billion (2022)
Leading Imports Refined Petroleum
Broadcasting Equipment
Packaged Medicines
Delivery Trucks
Clothing And Apparel
Source: World Integrated Trade Solution

Guatemala Leading Companies

Banco Industrial Financials
Banco de Desarrollo Rural (Banrural) Financials
Grupo G&T Continental Conglomerates, Financials, Consumer Staples, Industrials
Cervecería Centro Americana Consumer Staples, Brewers
Grupo Cofiño Stahl Conglomerates, Consumer Staples, Real estate, Financials
Pollo Campero Consumer Discretionary, Restaurants
Grupo Pantaleón Consumer Staples, Food Products

Major Trade Partners — Import

United States 33%
China 16%
Mexico 10%
El Salvador 5%
Costa Rica 3%

Major Trade Partners — Export

United States 32%
St. Vincent and Grenadines 13%
Honduras 10%
Nicaragua 6%
Panama 2%

Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings


Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000