The Gross Domestic Product (GDP) in Guatemala expanded 4.48 percent in the first quarter of 2022 over the same quarter of the previous year. source: Banco de Guatemala

GDP Annual Growth Rate in Guatemala averaged 3.53 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 August of 2022.

GDP Annual Growth Rate in Guatemala is expected to be 2.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Guatemala GDP Annual Growth Rate is projected to trend around 3.40 percent in 2023, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Guatemala GDP Annual Growth Rate



Related Last Previous Unit Reference
GDP Annual Growth Rate 4.48 4.75 percent Mar 2022
GDP Constant Prices 141663.50 141128.70 GTQ Million Mar 2022
Gross Fixed Capital Formation 83787.60 67823.30 GTQ Million Dec 2021
GDP from Utilities 3993.27 4111.23 GTQ Million Mar 2022
GDP from Transport 3540.64 3555.79 GTQ Million Mar 2022
GDP from Public Administration 5353.63 5317.87 GTQ Million Mar 2022
GDP from Mining 1058.92 1088.68 GTQ Million Mar 2022
GDP from Manufacturing 20562.12 19647.08 GTQ Million Mar 2022
GDP from Construction 6008.20 6397.05 GTQ Million Mar 2022
GDP from Agriculture 14215.53 12563.69 GTQ Million Mar 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
4.48 4.75 15.06 -8.89 2002 - 2022 percent Quarterly