Guatemala | Economic Forecasts | 2017-2020 Outlook

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.


Overview Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 3.10 3.1 3.1 3 2.7 3.4 percent [+]
Inflation Rate 4.00 4.6 4.3 4.1 4 5 percent [+]
Interest Rate 3.00 3.25 3.25 3.25 3.5 3.75 percent [+]
Balance of Trade -541.00 -567 -567 -566 -566 -566 USD Million [+]
Government Debt to GDP 24.73 24.84 24.64 24.45 24.44 24.21 percent [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 7.34 7.41 7.49 7.71 7.63 8.81 [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Annual Growth Rate 2.60 2.8 3.2 3.4 3.6 3.4 percent [+]
GDP 63.79 71.2 66 67.23 68.22 82.43 USD Billion [+]
GDP Constant Prices 66049.00 63403 63397 63397 63397 63397 GTQ Million [+]
Gross Fixed Capital Formation 36218.90 36188 35920 35652 35496 36189 GTQ Million [+]
GDP per capita 3052.30 3140 3081 3140 3108 3340 USD [+]
GDP per capita PPP 7252.95 7259 7292 7325 7337 7615 USD [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 3.10 3.1 3.1 3 2.7 3.4 percent [+]
Population 16.18 16.37 16.46 16.55 16.55 18.06 Million [+]
Labor Force Participation Rate 61.10 60.71 60.75 60.81 60.77 60.74 percent [+]
Living Wage Family 3167.20 3371 3384 3381 3382 3382 GTQ/Month [+]
Living Wage Individual 2089.10 2155 2160 2162 2162 2163 GTQ/Month [+]
Wages High Skilled 8220.00 7967 7921 7947 7932 7938 GTQ/Month [+]
Wages Low Skilled 2560.00 2977 2977 2977 2977 2977 GTQ/Month [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 4.00 4.6 4.3 4.1 4 5 percent [+]
Consumer Price Index CPI 128.23 129 130 130 131 138 Index Points [+]
Inflation Rate Mom 0.24 0.31 0.32 0.31 0.31 0.31 percent [+]
Food Inflation 7.08 7.81 7.84 7.84 7.84 7.84 percent [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 3.00 3.25 3.25 3.25 3.5 3.75 percent [+]
Money Supply M0 54805.00 56689 57712 58638 59563 69580 GTQ Million [+]
Money Supply M1 77476.00 77128 77111 77124 77126 77126 GTQ Million [+]
Money Supply M2 215533.30 218839 222361 225885 229400 267531 GTQ Million [+]
Foreign Exchange Reserves 9424.50 9450 9448 9448 9448 9448 USD Million [+]
Deposit Interest Rate 5.50 5.54 5.53 5.53 5.53 5.56 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -541.00 -567 -567 -566 -566 -566 USD Million [+]
Exports 888.40 881 881 889 890 889 USD Million [+]
Imports 1429.40 1458 1462 1462 1462 1462 USD Million [+]
Current Account 57.60 146 162 138 320 138 USD Million [+]
Current Account to GDP -0.30 -1.3 -1.21 -1.11 -1.35 -1.69 percent [+]
Capital Flows 1042.10 1350 1329 1309 1374 1823 USD Million [+]
Remittances 6460.60 6543 6810 7077 7195 8682 USD Million [+]
Gold Reserves 6.89 6.89 6.89 6.89 6.89 6.89 Tonnes [+]
Terrorism Index 1.14 1.3 1.14 0.97 0.99 1.62 [+]
Crude Oil Production 9.06 8.91 8.92 8.91 8.91 8.91 BBL/D/1K [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 24.73 24.84 24.64 24.45 24.44 24.21 percent [+]
Government Budget -1.40 -1.87 -1.75 -1.62 -1.66 -1.65 percent of GDP [+]
Government Budget Value -716.30 -1062 -811 -709 -667 -641 GTQ Million [+]
Government Spending 26548.50 26201 26110 26019 25843 23264 GTQ Million [+]
Government Revenues 3735.00 4784 4795 4793 4784 4694 GTQ Million [+]
Fiscal Expenditure 4451.20 4554 5614 5713 5375 5473 GTQ Million [+]
Military Expenditure 264.00 245 246 247 246 250 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Changes in Inventories 771.40 662 680 698 735 533 GTQ Million [+]
Leading Economic Index 2.70 3.48 3.5 3.51 3.52 3.54 percent [+]
Steel Production 25.00 29.81 29.18 28.59 28.79 28.83 Thousand Tonnes [+]
Competitiveness Index 4.08 4.05 4.05 4.05 4.09 4.11 Points [+]
Competitiveness Rank 78.00 77 77 77 78 78 [+]
Corruption Index 28.00 28 27 27 27 28 Points [+]
Corruption Rank 136.00 132 136 140 140 137 [+]
Ease of Doing Business 88.00 89 89 90 90 94 [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Consumer Spending 216547.00 218425 220996 223567 225201 241827 GTQ Million [+]
Gasoline Prices 0.74 0.71 0.72 0.72 0.72 0.72 USD/Liter [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corporate Tax Rate 25.00 25.08 25.3 25.53 25.98 27.55 percent [+]
Personal Income Tax Rate 7.00 7 7 7 7 7 percent [+]
Sales Tax Rate 12.00 12 12 12 12 12 percent [+]
Social Security Rate 17.50 17.5 17.5 17.5 17.5 17.5 percent [+]
Social Security Rate For Companies 12.67 12.67 12.67 12.67 12.67 12.67 percent [+]
Social Security Rate For Employees 4.83 4.83 4.83 4.83 4.83 4.83 percent [+]