Guatemala GDP Annual Growth Rate
The Gross Domestic Product (GDP) in Guatemala expanded 3.10 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Guatemala averaged 3.51 Percent from 2002 until 2013, reaching an all time high of 7.70 Percent in the second quarter of 2007 and a record low of -1.70 Percent in the second quarter of 2009. GDP Annual Growth Rate in Guatemala is reported by the Banco de Guatemala.
||2002 - 2013
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. This page provides - Guatemala GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.