Markets Actual Q1 Q2 Q3 Q4 2021
Currency 7.62 7.66 7.66 7.66 7.66 7.66

Overview Actual Q1 Q2 Q3 Q4 2021
GDP Annual Growth Rate (%) 4.00 3.1 3.3 3 3.2 3.2
Unemployment Rate (%) 2.50 2.7 2.7 2.7 2.7 2.3
Inflation Rate (%) 1.78 3.3 3.6 3.9 4.5 4.3
Interest Rate (%) 2.75 2.5 2.5 2.5 2.5 2.25
Balance of Trade (USD Million) -830.50 -690 -840 -890 -1050 -1050
Current Account (USD Million) 645.86 -260 -260 -260 -300 -300
Current Account to GDP (%) 0.80 -0.5 -0.5 -0.5 -0.5 -1.5
Government Debt to GDP (%) 24.26 23 23 23 23 22
Government Budget (% of GDP) -1.80 -1.4 -1.4 -1.4 -1.4 -1.3
Personal Income Tax Rate (%) 7.00 7 7 7 7 7
Corporate Tax Rate (%) 25.00 25 25 25 25 25

GDP Actual Q1 Q2 Q3 Q4 2021
GDP Annual Growth Rate (%) 4.00 3.1 3.3 3 3.2 3.2
GDP (USD Billion) 78.46 85.3 85.3 85.3 85.3 86
GDP Constant Prices (GTQ Million) 126167.20 66281 68965 68764 68898 71103
Gross Fixed Capital Formation (GTQ Million) 39015.10 40225 40303 40186 40264 41552
GDP per capita (USD) 3160.01 3340 3340 3340 3340 3400
GDP per capita PPP (USD) 7508.86 7700 7700 7700 7700 7700
GDP From Agriculture (GTQ Million) 11808.80 8576 8478 8454 8470 8741
GDP From Construction (GTQ Million) 5832.10 1523 1846 1840 1844 1903
GDP From Manufacturing (GTQ Million) 17288.50 12337 11985 11950 11973 12356
GDP From Mining (GTQ Million) 1084.00 240 251 250 251 259
GDP From Public Administration (GTQ Million) 5158.40 3156 3116 3106 3113 3212
GDP From Transport (GTQ Million) 3370.30 7101 7659 7637 7651 7896
GDP From Utilities (GTQ Million) 3375.10 1930 2106 2100 2104 2172

Labour Actual Q1 Q2 Q3 Q4 2021
Unemployment Rate (%) 2.50 2.7 2.7 2.7 2.7 2.3
Population (Million) 17.31 17.9 17.9 17.9 18.07 18.45
Wages High Skilled (GTQ/Month) 8230.00 8400 8400 8400 8500 8650
Wages Low Skilled (GTQ/Month) 3180.00 3390 3390 3390 3420 3520
Living Wage Family (GTQ/Month) 4850.00 4850 4850 4850 3660 3660

Prices Actual Q1 Q2 Q3 Q4 2021
Inflation Rate (%) 1.78 3.3 3.6 3.9 4.5 4.3
Consumer Price Index CPI (points) 141.46 144 147 145 148 155
Inflation Expectations (%) 3.89 4.1 4.3 4.5 4.6 4.5
Inflation Rate Mom (%) -0.24 0.3 0.5 0.3 0.6 0.5
Food Inflation (%) 1.31 2.7 3.2 3.7 4.1 3.9
Core Inflation Rate (%) 3.12 3 2.9 2.7 2.5 2.3
Cpi Housing Utilities (points) 114.17 116 118 118 119 124

Money Actual Q1 Q2 Q3 Q4 2021
Interest Rate (%) 2.75 2.5 2.5 2.5 2.5 2.25
Deposit Interest Rate (%) 5.17 4.92 4.92 4.92 4.92 4.92

Trade Actual Q1 Q2 Q3 Q4 2021
Balance of Trade (USD Million) -830.50 -690 -840 -890 -1050 -1050
Current Account (USD Million) 645.86 -260 -260 -260 -300 -300
Current Account to GDP (%) 0.80 -0.5 -0.5 -0.5 -0.5 -1.5
Exports (USD Million) 922.30 1100 980 860 920 940
Imports (USD Million) 1752.80 1790 1820 1750 1970 1990
Tourist Arrivals (persons) 605133.00 650000 600000 580000 590000 620000
Foreign Direct Investment (USD Million) 189.90 280 175 180 330 335

Government Actual Q1 Q2 Q3 Q4 2021
Government Debt to GDP (%) 24.26 23 23 23 23 22
Government Budget (% of GDP) -1.80 -1.4 -1.4 -1.4 -1.4 -1.3
Government Budget Value (GTQ Million) -4159.70 -5050 -5050 -5050 -4680 -4680
Government Spending (GTQ Million) 27370.10 28219 28273 28191 28246 29150

Taxes Actual Q1 Q2 Q3 Q4 2021
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 Q1 Q2 Q3 Q4 2021
Leading Economic Index (%) 3.10 3.1 3.2 3.3 3.5 3.3

Consumer Actual Q1 Q2 Q3 Q4 2021
Consumer Spending (GTQ Million) 232000.30 239192 239656 238960 239424 247086
Gasoline Prices (USD/Liter) 0.80 0.71 0.73 0.75 0.78 0.78


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.