The Gross Domestic Product (GDP) in Guatemala expanded 3.45 percent in the second quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Guatemala averaged 3.49 percent from 2002 until 2019, reaching an all time high of 7.70 percent in the second quarter of 2007 and a record low of -1.50 percent in the second quarter of 2009.

GDP Annual Growth Rate in Guatemala is expected to be 2.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Guatemala to stand at 3.00 in 12 months time. In the long-term, the Guatemala GDP Annual Growth Rate is projected to trend around 3.40 percent in 2020, according to our econometric models.

Guatemala GDP Annual Growth Rate
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Guatemala GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 3.45 3.00 7.70 -1.50 percent [+]
GDP 78.46 75.62 78.46 1.04 USD Billion [+]
GDP Constant Prices 66761.60 64194.70 70421.80 35350.00 GTQ Million [+]
Gross Fixed Capital Formation 39015.10 37197.60 39015.10 26905.70 GTQ Million [+]
GDP per capita 3160.01 3123.94 3160.01 1461.76 USD [+]
GDP per capita PPP 7508.86 7423.17 7508.86 5100.77 USD [+]
GDP From Agriculture 8207.40 8318.20 10797.20 4494.10 GTQ Million [+]
GDP From Construction 1786.80 1477.10 2368.90 1219.10 GTQ Million [+]
GDP From Manufacturing 11602.00 11966.40 11966.40 6781.80 GTQ Million [+]
GDP From Mining 243.10 232.50 594.80 212.70 GTQ Million [+]
GDP From Public Administration 3016.00 3061.10 3282.30 1444.20 GTQ Million [+]
GDP From Transport 7414.10 6887.70 7436.70 1931.50 GTQ Million [+]
GDP From Utilities 2039.00 1872.40 2091.20 933.20 GTQ Million [+]


Guatemala GDP Annual Growth Rate

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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.45 3.00 7.70 -1.50 2002 - 2019 percent Quarterly




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