Markets Actual Q4 Q1 Q2 Q3 2021
Currency 7.78 7.77 7.77 7.77 7.77 7.77

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) -9.64 -4.1 0.5 7 4.9 3.6
Unemployment Rate (%) 2.00 6 5 5 5 5
Inflation Rate (%) 4.97 2.3 2.1 2 2.3 2.4
Interest Rate (%) 1.75 1.5 1.5 1.5 1.5 1.5
Balance of Trade (USD Million) -502.50 -1200 -810 -720 -17120 -1200
Current Account (USD Million) 1048.77 -300 -300 -300 -300 -300
Current Account to GDP (%) 2.40 1.5 1.3 1.3 1.3 1.3
Government Debt to GDP (%) 27.88 30 31 31 31 31
Government Budget (% of GDP) -2.30 -4.5 -4 -4 -4 -4
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 7.00 7 7 7 7 7

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) -9.64 -4.1 0.5 7 4.9 3.6
GDP (USD Billion) 85.30 82 84.5 84.5 84.5 84.5
GDP Constant Prices (GTQ Million) 115161.80 69995 126164 129298 137660 72374
Gross Fixed Capital Formation (GTQ Million) 72283.30 41633 69320 72645 77343 43048
GDP per capita (USD) 3413.27 3340 3400 3400 3400 3400
GDP per capita PPP (USD) 8637.56 8000 8380 8380 8380 8380
GDP From Agriculture (GTQ Million) 12396.27 8801 11808 13863 14760 9100
GDP From Construction (GTQ Million) 5007.97 2007 5783 4704 5008 2075
GDP From Manufacturing (GTQ Million) 16677.29 12335 17734 18423 19615 12754
GDP From Mining (GTQ Million) 935.86 228 1004 998 1063 236
GDP From Public Administration (GTQ Million) 5111.48 3261 4934 5185 5521 3372
GDP From Transport (GTQ Million) 2360.88 7050 3429 3294 3507 7289
GDP From Utilities (GTQ Million) 3081.43 2230 3727 3744 3986 2306

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 2.00 6 5 5 5 5
Population (Million) 17.69 18.07 18.07 18.07 18.07 18.45
Labor Force Participation Rate (%) 59.10 59.1 59.3 59.5 59.7 60

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 4.97 2.3 2.1 2 2.3 2.4
Consumer Price Index CPI (points) 146.28 149 145 145 148 155
Inflation Expectations (%) 3.49 3.6 3.8 4 4 4.3
Inflation Rate Mom (%) 0.16 0.6 0.5 0.3 0.4 0.5
Food Inflation (%) 11.05 6 5.5 5 4.8 4.5
Core Inflation Rate (%) 2.30 2 2.2 2.3 2.3 2.3
Cpi Housing Utilities (points) 111.34 122 117 116 114 128

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 1.75 1.5 1.5 1.5 1.5 1.5
Deposit Interest Rate (%) 5.00 5.15 4.75 4.75 4.75 5.15

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (USD Million) -502.50 -1200 -810 -720 -17120 -1200
Current Account (USD Million) 1048.77 -300 -300 -300 -300 -300
Current Account to GDP (%) 2.40 1.5 1.3 1.3 1.3 1.3
Imports (USD Million) 1295.80 1730 1800 18200 18200 1990
Exports (USD Million) 793.30 920 1080 1080 1080 940
Foreign Direct Investment (USD Million) 281.40 330 187 187 187 335
Tourist Arrivals (persons) 0.00 20000 50000 85000 123000 187000

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 27.88 30 31 31 31 31
Government Budget (% of GDP) -2.30 -4.5 -4 -4 -4 -4
Government Budget Value (GTQ Million) -4435.30 -4680 -4680 -4680 -4680 -4680
Government Spending (GTQ Million) 52932.50 29206 50762 53197 56638 30199

Taxes Actual Q4 Q1 Q2 Q3 2021
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 Q4 Q1 Q2 Q3 2021
Leading Economic Index (%) -8.60 -0.3 0.5 0.8 1 3.3

Consumer Actual Q4 Q1 Q2 Q3 2021
Consumer Spending (GTQ Million) 454843.60 247565 436195 457118 486683 255982
Gasoline Prices (USD/Liter) 0.68 0.7 0.56 0.53 0.51 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.