The Gross Domestic Product (GDP) in Guatemala expanded 3.8 percent in the third quarter of 2022, easing from 4.06 percent expansion in the previous three-month period and marking its weakest growth since the fourth quarter of 2020. source: Banco de Guatemala

GDP Annual Growth Rate in Guatemala averaged 3.54 percent from 2002 until 2022, reaching an all time high of 15.06 percent in the second quarter of 2021 and a record low of -8.89 percent in the second quarter of 2020. This page provides - Guatemala GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Guatemala GDP Annual Growth Rate - values, historical data and charts - was last updated on March of 2023.

GDP Annual Growth Rate in Guatemala is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Guatemala GDP Annual Growth Rate



Related Last Previous Unit Reference
GDP Annual Growth Rate 3.80 4.07 percent Sep 2022
GDP Constant Prices 140461.20 139977.10 GTQ Million Sep 2022
Gross Fixed Capital Formation 86423.50 83787.60 GTQ Million Dec 2022
GDP from Utilities 4007.60 3706.23 GTQ Million Sep 2022
GDP from Transport 3488.46 3499.17 GTQ Million Sep 2022
GDP from Public Administration 5471.11 5437.23 GTQ Million Sep 2022
GDP from Mining 1038.97 979.22 GTQ Million Sep 2022
GDP from Manufacturing 19651.64 20328.89 GTQ Million Sep 2022
GDP from Construction 6792.83 6255.51 GTQ Million Sep 2022
GDP from Agriculture 12507.74 12978.70 GTQ Million Sep 2022

Guatemala GDP Annual Growth Rate
Guatemala has one of the lowest GDP per capita of the Americas. The main sector of the economy is services which accounts for 60 percent of GDP. The growing tourism industry is one of the major sources of income. More importantly, in recent years Guatemala was able to attract foreign direct investment to its production industries. As a result, the manufacturing sector now employs 23 percent of the population and accounts for 30 percent of GDP. Nevertheless, high crime rate and corruption, lack of high-skilled manpower and low quality infrastructures are the country's most challenging obstacles for growth.
Actual Previous Highest Lowest Dates Unit Frequency
3.80 4.07 15.06 -8.89 2002 - 2022 percent Quarterly