Guatemala | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 3.10 3.2 3.1 3.1 3 3.4 percent [+]
Inflation Rate 3.96 4.5 4.6 4.3 4.1 5 percent [+]
Interest Rate 3.00 3.25 3.25 3.25 3.25 3.75 percent [+]
Balance of Trade -541.00 -533 -567 -567 -566 -566 USD Million [+]
Government Debt to GDP 24.73 25.04 24.84 24.64 24.45 24.21 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 7.34 7.44 7.52 7.59 7.74 8.84 [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Annual Growth Rate 2.60 3 2.8 3.2 3.4 3.4 percent [+]
GDP 63.79 71.2 71.2 66 67.23 82.43 USD Billion [+]
GDP Constant Prices 61684.30 61749 62198 62610 63036 68099 GTQ Million [+]
Gross Fixed Capital Formation 36218.90 35793 36289 36785 37281 41235 GTQ Million [+]
GDP per capita 3052.30 3140 3140 3140 3140 3340 USD [+]
GDP per capita PPP 7252.95 7237 7220 7202 7185 7094 USD [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 3.10 3.2 3.1 3.1 3 3.4 percent [+]
Population 16.18 16.27 16.37 16.46 16.55 18.06 Million [+]
Labor Force Participation Rate 61.10 60.67 60.71 60.75 60.81 60.74 percent [+]
Living Wage Family 3167.20 3429 3371 3384 3381 3382 GTQ/Month [+]
Living Wage Individual 2089.10 2139 2155 2160 2162 2163 GTQ/Month [+]
Wages High Skilled 8220.00 7886 7967 7921 7947 7938 GTQ/Month [+]
Wages Low Skilled 2560.00 2977 2977 2977 2977 2977 GTQ/Month [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 3.96 4.5 4.6 4.3 4.1 5 percent [+]
Consumer Price Index CPI 127.92 128 129 130 130 138 Index Points [+]
Inflation Rate Mom 0.34 0.32 0.33 0.34 0.33 0.33 percent [+]
Food Inflation 5.88 5.96 6.01 6.02 6.02 6.02 percent [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 3.00 3.25 3.25 3.25 3.25 3.75 percent [+]
Money Supply M0 55729.30 57031 57839 58948 60023 72313 GTQ Million [+]
Money Supply M1 76411.90 76916 76605 76617 76633 76634 GTQ Million [+]
Money Supply M2 213808.40 215488 218802 222320 225840 267435 GTQ Million [+]
Foreign Exchange Reserves 9267.50 9254 9268 9268 9268 9268 USD Million [+]
Deposit Interest Rate 5.50 5.55 5.55 5.55 5.56 5.58 percent [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -541.00 -533 -567 -567 -566 -566 USD Million [+]
Exports 888.40 930 881 881 889 889 USD Million [+]
Imports 1429.40 1447 1458 1462 1462 1462 USD Million [+]
Current Account 57.60 -260 -229 -217 -225 -226 USD Million [+]
Current Account to GDP -0.30 -1.4 -1.3 -1.21 -1.11 -1.69 percent [+]
Capital Flows 1042.10 1371 1350 1329 1309 1823 USD Million [+]
Remittances 6460.60 6276 6543 6810 7077 8682 USD Million [+]
Gold Reserves 6.89 6.89 6.89 6.89 6.89 6.89 Tonnes [+]
Terrorism Index 1.14 1.47 1.3 1.14 0.97 1.62 [+]
Crude Oil Production 8.90 9.12 9.16 9.16 9.15 9.15 BBL/D/1K [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 24.73 25.04 24.84 24.64 24.45 24.21 percent [+]
Government Budget -1.40 -2 -1.87 -1.75 -1.62 -1.65 percent of GDP [+]
Government Budget Value 1196.30 -1580 -1088 -816 -706 -628 GTQ Million [+]
Government Spending 26548.50 26911 26630 26348 26066 21051 GTQ Million [+]
Government Revenues 5448.70 4698 4743 4771 4787 4784 GTQ Million [+]
Fiscal Expenditure 4252.40 6004 4910 5884 6015 5763 GTQ Million [+]
Military Expenditure 264.00 245 246 247 246 250 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Changes in Inventories 771.40 62.91 224 385 546 486 GTQ Million [+]
Leading Economic Index 2.70 3.57 3.48 3.5 3.51 3.54 percent [+]
Steel Production 25.00 26.81 29.81 29.18 28.59 28.83 Thousand Tonnes [+]
Competitiveness Index 4.08 4.05 4.05 4.05 4.05 4.11 Points [+]
Competitiveness Rank 78.00 77.84 77.84 77.84 77.84 86.41 [+]
Corruption Index 28.00 28 28 27 27 28 Points [+]
Corruption Rank 136.00 112 114 116 117 98.33 [+]
Ease of Doing Business 88.00 84.04 83.75 83.45 83.16 84.6 [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Spending 216547.00 202554 204398 206241 208084 227080 GTQ Million [+]
Gasoline Prices 0.77 0.77 0.75 0.75 0.76 0.75 USD/Liter [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 25.00 25 25 25 25 25 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 [+]





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. 3/25/2017