Markets Actual Q3 Q4 Q1 Q2 2020
Currency 7.66 7.69 7.69 7.69 7.69 7.69
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) 3.00 3.2 3.4 3.3 3.1 3.5
Unemployment Rate (%) 2.80 4 4.2 4.2 4.2 3.7
Inflation Rate (%) 4.80 4.6 4.3 4.1 3.9 3.8
Interest Rate (%) 2.75 2.75 2.75 2.5 2.5 2.5
Balance of Trade (USD Million) -812.50 -700 -1175 -1175 -1175 -1200
Current Account (USD Million) 315.30 -100 -260 -260 -260 -300
Current Account to GDP (%) 0.80 -0.2 -0.2 -0.5 -0.5 -0.5
Government Debt to GDP (%) 24.26 24 24 23 23 23
Government Budget (% of GDP) -1.80 -1.4 -1.4 -1.4 -1.4 -1.4
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 2020
GDP Annual Growth Rate (%) 3.00 3.2 3.4 3.3 3.1 3.5
GDP (USD Billion) 78.46 85.3 85.3 85.3 85.3 85.3
GDP Constant Prices (GTQ Million) 64194.70 67693 67693 67759 72746 69995
Gross Fixed Capital Formation (GTQ Million) 39015.10 38388 40264 40303 40303 41633
GDP per capita (USD) 3160.01 3260 3260 3340 3340 3340
GDP per capita PPP (USD) 7508.86 7685 7571 7700 7700 7700
GDP From Agriculture (GTQ Million) 8318.20 8512 8512 8520 11154 8801
GDP From Construction (GTQ Million) 1477.10 1941 1941 1943 2447 2007
GDP From Manufacturing (GTQ Million) 11966.40 11929 11929 11941 12174 12335
GDP From Mining (GTQ Million) 232.50 220 220 221 255 228
GDP From Public Administration (GTQ Million) 3061.10 3154 3154 3157 3391 3261
GDP From Transport (GTQ Million) 6887.70 6818 6818 6824 7476 7050
GDP From Utilities (GTQ Million) 1872.40 2157 2157 2159 1990 2230
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 2.80 4 4.2 4.2 4.2 3.7
Wages High Skilled (GTQ/Month) 8230.00 7937 8400 8400 8400 8500
Wages Low Skilled (GTQ/Month) 3180.00 3312 3390 3390 3390 3420
Living Wage Family (GTQ/Month) 4850.00 4850 4850 4850 4850 3660
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 4.80 4.6 4.3 4.1 3.9 3.8
Consumer Price Index CPI (Index Points) 141.48 143 143 145 145 149
Inflation Expectations (%) 4.40 4.5 4.5 4.5 4.5 4.6
Inflation Rate Mom (%) 0.83 -0.2 0.8 0.8 0.5 0.6
Food Inflation (%) 10.15 8.3 7.7 7.7 7.5 7.6
Cpi Housing Utilities (Index Points) 113.59 117 118 117 117 122
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 2.75 2.75 2.75 2.5 2.5 2.5
Deposit Interest Rate (%) 5.17 5.4 5.4 5.15 5.15 5.15
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (USD Million) -812.50 -700 -1175 -1175 -1175 -1200
Current Account (USD Million) 315.30 -100 -260 -260 -260 -300
Current Account to GDP (%) 0.80 -0.2 -0.2 -0.5 -0.5 -0.5
Exports (USD Million) 962.70 880 765 765 765 770
Imports (USD Million) 1775.20 1580 1940 1940 1940 1970
Foreign Direct Investment (USD Million) 340.00 251 280 280 280 285
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 24.26 24 24 23 23 23
Government Budget (% of GDP) -1.80 -1.4 -1.4 -1.4 -1.4 -1.4
Government Spending (GTQ Million) 27370.10 27128 28246 28273 28273 29206
Taxes Actual Q3 Q4 Q1 Q2 2020
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 2020
Leading Economic Index (%) 2.80 3.1 3.4 3.4 3.4 3.5
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Spending (GTQ Million) 232000.30 230234 239424 239656 239656 247565
Gasoline Prices (USD/Liter) 0.82 0.74 0.72 0.7 0.73 0.7


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.