Guatemala | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 3.10 3.15 3.13 3.11 3.1 3.09 percent [+]
Inflation Rate 4.76 4.9 4.8 5.3 5.4 6.2 percent [+]
Interest Rate 3.00 3.25 3.5 3.5 3.5 4.75 percent [+]
Balance of Trade -615.90 -569 -561 -565 -565 -565 USD Million [+]
Government Debt to GDP 24.73 24.45 24.44 24.43 24.42 24.21 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 7.53 7.56 7.64 7.71 7.79 8.99 [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Annual Growth Rate 3.40 3.23 3.63 3.33 3.48 3.39 percent [+]
GDP 63.79 66 71.2 71.2 70.21 82.43 USD Billion [+]
GDP Constant Prices 60818.90 61395 61749 62198 62610 68099 GTQ Million [+]
Gross Fixed Capital Formation 35468.60 37281 37538 37794 38051 41235 GTQ Million [+]
GDP per capita 3052.27 3090 3140 3140 3140 3340 USD [+]
GDP per capita PPP 7252.95 7185 7137 7089 7040 7094 USD [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 3.10 3.15 3.13 3.11 3.1 3.09 percent [+]
Population 16.18 16.55 16.65 16.74 16.83 18.06 Million [+]
Labor Force Participation Rate 61.10 60.59 60.67 60.71 60.75 60.74 percent [+]
Living Wage Family 4620.00 4831 4642 4811 4660 4716 GTQ/Month [+]
Living Wage Individual 2600.00 2484 2543 2513 2529 2523 GTQ/Month [+]
Wages High Skilled 8220.00 8029 7886 7967 7921 7938 GTQ/Month [+]
Wages Low Skilled 2560.00 2977 2977 2977 2977 2977 GTQ/Month [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 4.76 4.9 4.8 5.3 5.4 6.2 percent [+]
Consumer Price Index CPI 126.33 127 128 130 131 144 Index Points [+]
Inflation Rate Mom 0.69 0.38 0.35 0.37 0.35 0.35 percent [+]
Food Inflation 9.23 9.32 9.37 9.37 9.37 9.37 percent [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 3.00 3.25 3.5 3.5 3.5 4.75 percent [+]
Money Supply M0 50417.00 52648 53593 54598 55621 70961 GTQ Million [+]
Money Supply M1 73074.80 73584 74630 75695 76777 92488 GTQ Million [+]
Money Supply M2 206283.20 206848 207275 207691 207721 188371 GTQ Million [+]
Foreign Exchange Reserves 9063.20 9070 9067 9067 9067 9067 USD Million [+]
Deposit Interest Rate 5.50 5.56 5.56 5.56 5.57 5.58 percent [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade -615.90 -569 -561 -565 -565 -565 USD Million [+]
Exports 843.10 859 871 871 870 870 USD Million [+]
Imports 1459.00 1441 1454 1456 1456 1456 USD Million [+]
Current Account 243.40 101 89.06 -1.21 -15.2 -119 USD Million [+]
Current Account to GDP -0.30 -1.11 -1.35 -1.59 -1.83 -1.69 percent [+]
Capital Flows 1061.50 1325 1388 1450 1513 1825 USD Million [+]
Remittances 6460.60 7077 7195 7313 7431 8682 USD Million [+]
Gold Reserves 6.89 6.89 6.89 6.89 6.89 6.89 Tonnes [+]
Terrorism Index 1.14 0.97 0.99 1.01 1.03 1.62 [+]
Crude Oil Production 8.90 9.14 9.12 9.16 9.16 9.15 BBL/D/1K [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 24.73 24.45 24.44 24.43 24.42 24.21 percent [+]
Government Budget -1.40 -1.62 -1.66 -1.69 -1.73 -1.65 percent of GDP [+]
Government Budget Value 414.70 -798 -613 -534 -507 -494 GTQ Million [+]
Government Spending 26443.60 26066 25888 25709 25531 21051 GTQ Million [+]
Government Revenues 5876.40 4210 4376 4502 4592 4814 GTQ Million [+]
Fiscal Expenditure 5461.70 5601 5483 5327 5416 5415 GTQ Million [+]
Military Expenditure 264.00 245 246 247 246 250 USD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Changes in Inventories 313.20 546 525 503 481 486 GTQ Million [+]
Steel Production 25.00 29.31 31.79 30.43 30.05 30.37 Thousand Tonnes [+]
Leading Economic Index 2.64 2.91 3.12 3.26 3.34 3.5 percent [+]
Ease of Doing Business 88.00 84.34 83.75 83.45 83.16 84.6 [+]
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 33.6 33.69 33.78 33.88 36.13 Points [+]
Corruption Rank 123.00 117 116 115 114 98.33 [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Spending 204843.30 208084 208715 209345 209976 227080 GTQ Million [+]
Gasoline Prices 0.73 0.72 0.72 0.72 0.72 0.72 USD/Liter [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 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. 12/4/2016