Guatemala GDP Annual Growth Rate  2002-2017 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Guatemala expanded 2.60 percent in the third quarter of 2016 over the same quarter of the previous year. GDP Annual Growth Rate in Guatemala averaged 3.57 percent from 2002 until 2016, 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.

Guatemala GDP Annual Growth Rate
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Guatemala GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 2.60 3.60 7.70 -1.70 percent [+]
GDP 63.79 58.72 63.79 1.04 USD Billion [+]
GDP Constant Prices 61684.30 60818.90 64151.10 35350.00 GTQ Million [+]
Gross Fixed Capital Formation 36218.90 35468.60 36218.90 26905.70 GTQ Million [+]
GDP per capita 3052.30 2990.62 3052.30 1491.22 USD [+]
GDP per capita PPP 7252.95 7106.39 7252.95 5159.40 USD [+]



Guatemala GDP Annual Growth Rate Notes

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. Guatemala GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2.60 3.60 7.70 -1.70 2002 - 2016 percent Quarterly



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