Guatemala | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 3.10 3.13 3.11 3.1 3.09 3.09 percent [+]
Inflation Rate 3.83 4.8 5.3 5.4 5.5 6.2 percent [+]
Interest Rate 3.00 3.5 3.5 3.5 3.75 4.75 percent [+]
Balance of Trade -488.00 -540 -571 -571 -569 -569 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 7.35 7.69 7.77 7.84 7.92 9.05 [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Annual Growth Rate 2.60 3.27 2.89 3.33 3.09 3.1 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 3090 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 3.13 3.11 3.1 3.09 3.09 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 3.83 4.8 5.3 5.4 5.5 6.2 percent [+]
Consumer Price Index CPI 127.49 128 129 131 132 144 Index Points [+]
Inflation Rate Mom 0.52 0.3 0.32 0.32 0.31 0.31 percent [+]
Food Inflation 5.60 4.46 4.25 4.25 4.25 4.25 percent [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 3.00 3.5 3.5 3.5 3.75 4.75 percent [+]
Money Supply M0 55621.70 56928 57708 58820 59887 72055 GTQ Million [+]
Money Supply M1 76422.90 76614 76338 76340 76354 76356 GTQ Million [+]
Money Supply M2 211946.60 214694 217993 221447 224890 265540 GTQ Million [+]
Foreign Exchange Reserves 9065.20 9071 9071 9072 9072 9072 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 -488.00 -540 -571 -571 -569 -569 USD Million [+]
Exports 990.90 943 888 887 895 896 USD Million [+]
Imports 1478.90 1479 1491 1492 1492 1492 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 1061.50 1378 1360 1342 1325 1825 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 -3388.90 -1341 -1015 -818 -734 -674 GTQ Million [+]
Government Spending 26548.50 26911 26630 26348 26066 21051 GTQ Million [+]
Government Revenues 4610.40 4666 4737 4780 4806 4821 GTQ Million [+]
Fiscal Expenditure 7999.20 6179 5767 6404 6371 6265 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 [+]
Steel Production 25.00 31.79 30.43 30.05 30.39 30.37 Thousand Tonnes [+]
Leading Economic Index 2.32 2.91 3.12 3.26 3.34 3.5 percent [+]
Ease of Doing Business 88.00 84.04 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 32.46 32.84 33.22 33.6 36.13 Points [+]
Corruption Rank 136.00 112 114 116 117 98.33 [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Spending 216547.00 202554 204398 206241 208084 227080 GTQ Million [+]
Gasoline Prices 0.78 0.76 0.75 0.75 0.75 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. 2/25/2017