Markets Actual Q2 Q3 Q4 Q1 2022
Currency 7.71 7.71 7.71 7.71 7.71 7.71

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Annual Growth Rate (%) 2.95 7 4.9 3.6 3.8 4
Unemployment Rate (%) 2.00 5 5 5 4 4
Inflation Rate (%) 5.80 7 5.6 4.4 3.6 3.2
Interest Rate (%) 1.75 1.5 1.5 1.5 1.5 1.75
Balance of Trade (USD Million) -597.50 -810 -720 -1200 -1200 -1050
Current Account (USD Million) 1516.10 -300 -300 -300 -300 -300
Current Account to GDP (%) 2.40 1.3 1.3 1.3 1.3 1.1
Government Debt to GDP (%) 27.88 31 31 31 31 32
Government Budget (% of GDP) -2.30 -4 -4 -4 -4 -3.6
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 7.00 7 7 7 7 7

GDP Actual Q2 Q3 Q4 Q1 2022
GDP Annual Growth Rate (%) 2.95 7 4.9 3.6 3.8 4
GDP (USD Billion) 85.30 84.5 84.5 84.5 84.5 87
GDP Constant Prices (GTQ Million) 135610.60 129578 123223 72374 128669 133815
Gross Fixed Capital Formation (GTQ Million) 67823.30 72645 77343 43048 70265 73076
GDP per capita (USD) 3413.27 3400 3400 3400 3400 3490
GDP per capita PPP (USD) 8637.56 8380 8380 8380 8380 8600
GDP From Agriculture (GTQ Million) 12755.95 14139 13264 9100 12546 13047
GDP From Construction (GTQ Million) 5907.01 4705 5359 2075 5576 5799
GDP From Manufacturing (GTQ Million) 19202.93 18533 17845 12754 18668 19415
GDP From Mining (GTQ Million) 1071.86 996 1001 236 1107 1152
GDP From Public Administration (GTQ Million) 5203.19 5170 5469 3372 5306 5518
GDP From Transport (GTQ Million) 3461.18 3294 2526 7289 2962 3080
GDP From Utilities (GTQ Million) 4052.47 3744 3297 2306 3698 3846

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 2.00 5 5 5 4 4
Population (Million) 17.69 18.07 18.07 18.45 18.45 18.83
Labor Force Participation Rate (%) 59.10 59.5 59.7 60 60 60.3

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 5.80 7 5.6 4.4 3.6 3.2
Consumer Price Index CPI (points) 149.84 151 155 155 155 160
Inflation Expectations (%) 3.81 4 4 4.3 4.3 4.5
Inflation Rate Mom (%) 0.33 0.3 0.4 0.5 0.5 0.4
Food Inflation (%) 10.25 5 4.8 4.5 3 3.7
Core Inflation Rate (%) 2.70 2.3 2.3 2.3 2.3 2.3
Cpi Housing Utilities (points) 117.12 121 119 128 120 124

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 1.75 1.5 1.5 1.5 1.5 1.75
Deposit Interest Rate (%) 5.00 5 4.75 5.15 4.75 5

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (USD Million) -597.50 -810 -720 -1200 -1200 -1050
Current Account (USD Million) 1516.10 -300 -300 -300 -300 -300
Current Account to GDP (%) 2.40 1.3 1.3 1.3 1.3 1.1
Imports (USD Million) 1494.40 18200 18200 1990 1990 1980
Exports (USD Million) 896.90 1080 1080 940 940 910
Foreign Direct Investment (USD Million) 236.30 187 187 335 335 325
Tourist Arrivals (persons) 0.00 85000 123000 187000 187000 350000

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 27.88 31 31 31 31 32
Government Budget (% of GDP) -2.30 -4 -4 -4 -4 -3.6
Government Budget Value (GTQ Million) -527.70 -4680 -4680 -4680 -4680 -4680
Government Spending (GTQ Million) 55259.20 53197 56638 30199 57249 59538
Military Expenditure (USD Million) 338.00 250 250 250 280 280

Taxes Actual Q2 Q3 Q4 Q1 2022
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 7.00 7 7 7 7 7
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 Q2 Q3 Q4 Q1 2022
Leading Economic Index (%) 2.40 0.8 1 3.3 3.3 3.4

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Spending (GTQ Million) 450778.20 457118 486683 255982 467006 485686
Gasoline Prices (USD/Liter) 0.90 0.73 0.7 0.66 0.63 0.6


This page has economic forecasts for Guatemala including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Guatemala economy.