Guatemala GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Guatemala expanded 3.60 percent in the third quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Guatemala is reported by the Banco de Guatemala. From 2002 until 2013, Guatemala GDP Annual Growth Rate averaged 3.5 Percent reaching an all time high of 7.7 Percent in June of 2007 and a record low of -1.7 Percent in June of 2009. 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. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
3.60 4.30 7.70 -1.70 3.86 | 2013/12 2002 - 2013 Percent Quarterly

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Guatemala GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 50.81 2012-12-31 46.98 50.81 1.04 55.46 2013-12-31 USD Billion [+]
GDP Annual Growth Rate 3.60 2013-09-30 4.30 7.70 -1.70 3.86 2013-12-31 Percent [+]
GDP per capita 2315.68 2012-12-31 2306.52 2315.68 1170.73 2329.29 2013-12-31 USD [+]
GDP per capita PPP 4395.58 2012-12-31 4378.19 4395.58 3180.02 4418.08 2013-12-31 USD [+]
GDP Constant Prices 221842.30 2013-06-30 214088.20 221842.30 146977.80 222488.48 2013-12-31 GTQ Million [+]
Gross Fixed Capital Formation 32283.60 2013-06-30 31726.20 35657.60 26905.70 32330.05 2013-12-31 GTQ Million [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Guatemala Capital Flows at 2517.10 USD Million  
Capital Flows in Guatemala increased to 2517.10 USD Million in 2013 from 2262 USD Million in 2012. Capital Flows in Guatemala is reported by the Banco de Guatemala.
Guatemala Changes in Inventories at -152.10 GTQ Million  
Changes in Inventories in Guatemala increased to -152.10 GTQ Million in 2013 from -472.10 GTQ Million in 2012. Changes in Inventories in Guatemala is reported by the Banco de Guatemala.
Guatemala Consumer Price Index (CPI) at 115.46 Index Points  
Consumer Price Index (CPI) in Guatemala increased to 115.46 Index Points in March of 2014 from 115.20 Index Points in February of 2014. Consumer Price Index (CPI) in Guatemala is reported by the Banco de Guatemala.
Guatemala Consumer Spending at 187994.80 GTQ Million  
Consumer Spending in Guatemala increased to 187994.80 GTQ Million in 2013 from 179995 GTQ Million in 2012. Consumer Spending in Guatemala is reported by the Banco de Guatemala.
Guatemala GDP Constant Prices at 221842.30 GTQ Million  
GDP Constant Prices in Guatemala increased to 221842.30 GTQ Million in 2013 from 214088.20 GTQ Million in 2012. GDP Constant Prices in Guatemala is reported by the Banco de Guatemala.
Guatemala Government Budget Value at -414.30 GTQ Million  
Guatemala recorded a government budget deficit of 414.30 GTQ Million in February of 2014. Government Budget Value in Guatemala is reported by the Banco de Guatemala.
Guatemala Government Spending at 25063.60 GTQ Million  
Government Spending in Guatemala increased to 25063.60 GTQ Million in 2013 from 24454.40 GTQ Million in 2012. Government Spending in Guatemala is reported by the Banco de Guatemala.
Guatemala Gross Fixed Capital Formation at 32283.60 GTQ Million  
Gross Fixed Capital Formation in Guatemala increased to 32283.60 GTQ Million in 2013 from 31726.20 GTQ Million in 2012. Gross Fixed Capital Formation in Guatemala is reported by the Banco de Guatemala.
Guatemala Remittances at 5246.00 USD Million  
Remittances in Guatemala increased to 5246 USD Million in 2013 from 4915.60 USD Million in 2012. Remittances in Guatemala is reported by the Bank of Guatemala.
Guatemala Foreign Exchange Reserves at 7110.70 USD Million  
Foreign Exchange Reserves in Guatemala decreased to 7110.70 USD Million in March of 2014 from 7163.90 USD Million in February of 2014. Foreign Exchange Reserves in Guatemala is reported by the Banco de Guatemala.
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