Markets Actual Q1 Q2 Q3 Q4 2022
Currency 7.77 7.77 7.77 7.77 7.77 7.77

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Annual Growth Rate (%) -1.81 0.5 7 4.9 3.6 3.6
Unemployment Rate (%) 2.00 5 5 5 5 3.5
Inflation Rate (%) 4.82 4.1 3 2.3 2.4 2.8
Interest Rate (%) 1.75 1.75 1.5 1.5 1.5 2
Balance of Trade (USD Million) -597.50 -810 -720 -17120 -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 Q1 Q2 Q3 Q4 2022
GDP Annual Growth Rate (%) -1.81 0.5 7 4.9 3.6 3.6
GDP (USD Billion) 85.30 84.5 84.5 84.5 84.5 87
GDP Constant Prices (GTQ Million) 124197.60 69995 126164 129298 72374 72374
Gross Fixed Capital Formation (GTQ Million) 67823.30 41633 69320 72645 43048 43048
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) 12109.60 8801 11808 13863 9100 9100
GDP From Construction (GTQ Million) 5382.37 2007 5783 4704 2075 2075
GDP From Manufacturing (GTQ Million) 18019.14 12335 17734 18423 12754 12754
GDP From Mining (GTQ Million) 1068.76 228 1004 998 236 236
GDP From Public Administration (GTQ Million) 5121.81 3261 4934 5185 3372 3372
GDP From Transport (GTQ Million) 2858.98 7050 3429 3294 7289 7289
GDP From Utilities (GTQ Million) 3569.88 2230 3727 3744 2306 2306

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 2.00 5 5 5 5 3.5
Population (Million) 17.69 18.07 18.07 18.07 18.45 18.83
Labor Force Participation Rate (%) 59.10 59.3 59.5 59.7 60 60.3

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) 4.82 4.1 3 2.3 2.4 2.8
Consumer Price Index CPI (points) 148.64 149 147 149 155 152
Inflation Expectations (%) 3.81 3.8 4 4 4.3 4.5
Inflation Rate Mom (%) -0.01 0.5 0.3 0.4 0.5 0.4
Food Inflation (%) 8.68 5.5 5 4.8 4.5 3.7
Core Inflation Rate (%) 2.30 2.2 2.3 2.3 2.3 2.3
Cpi Housing Utilities (points) 114.94 120 119 115 128 123

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 1.75 1.75 1.5 1.5 1.5 2
Deposit Interest Rate (%) 5.00 5 5 4.75 5.15 4.75

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (USD Million) -597.50 -810 -720 -17120 -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 1800 18200 18200 1990 1980
Exports (USD Million) 896.90 1080 1080 1080 940 910
Foreign Direct Investment (USD Million) 236.30 187 187 187 335 325
Tourist Arrivals (persons) 0.00 50000 85000 123000 187000 350000

Government Actual Q1 Q2 Q3 Q4 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) -3384.30 -4680 -4680 -4680 -4680 -4680
Government Spending (GTQ Million) 55259.20 29206 50762 53197 30199 30199

Taxes Actual Q1 Q2 Q3 Q4 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 Q1 Q2 Q3 Q4 2022
Leading Economic Index (%) -0.30 0.5 0.8 1 3.3 3.4

Consumer Actual Q1 Q2 Q3 Q4 2022
Consumer Spending (GTQ Million) 450778.20 247565 436195 457118 255982 255982
Gasoline Prices (USD/Liter) 0.72 0.7 0.56 0.53 0.66 0.66


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.