Markets Actual Q3 Q4 Q1 Q2 2022
Currency 7.73 7.72 7.72 7.72 7.72 7.72

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Annual Growth Rate (%) 4.82 2.3 4 1.6 3.2 3.8
Unemployment Rate (%) 2.00 5 5 4 4 4
Inflation Rate (%) 3.62 2.6 2.4 2.6 3 3.2
Interest Rate (%) 1.75 1.75 1.75 1.75 2 2
Balance of Trade (USD Million) -1070.30 -17120 -1050 -1050 -1050 -1070
Current Account (USD Million) 884.25 -300 -300 -300 -300 -300
Current Account to GDP (% of GDP) 5.50 2.4 2.4 1.6 1.6 1.6
Government Debt to GDP (% of GDP) 31.26 31 31 31 31 32
Government Budget (% of GDP) -4.90 -4 -4 -4 -4 -3.6
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 7.00 7 7 7 7 7

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Annual Growth Rate (%) 4.82 2.3 4 1.6 3.2 3.8
GDP (USD Billion) 77.60 84.5 84.5 84.5 84.5 87
GDP Constant Prices (GTQ Million) 136134.50 127475 141035 138313 140491 146394
Gross Fixed Capital Formation (GTQ Million) 67823.30 77343 43048 70536 68908 73217
GDP per capita (USD) 3263.67 3400 3400 3400 3400 3490
GDP per capita PPP (USD) 8393.28 8380 8380 8380 8380 8600
GDP From Agriculture (GTQ Million) 14500.79 12283 9100 14733 14965 13770
GDP From Construction (GTQ Million) 5539.29 5693 2075 5628 5717 6377
GDP From Manufacturing (GTQ Million) 19910.80 18385 12754 20229 20548 20730
GDP From Mining (GTQ Million) 975.50 1092 236 991 1007 1157
GDP From Public Administration (GTQ Million) 5164.50 5211 3372 5247 5330 5617
GDP From Transport (GTQ Million) 3308.62 2919 7289 3362 3414 3736
GDP From Utilities (GTQ Million) 3907.32 3489 2306 3970 4032 4375

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 2.00 5 5 4 4 4
Population (Million) 17.92 18.07 18.45 18.45 18.45 18.83
Labor Force Participation Rate (%) 59.10 59.7 60 60 60 60.3

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 3.62 2.6 2.4 2.6 3 3.2
Consumer Price Index CPI (points) 151.33 150 152 154 155 157
Inflation Expectations (%) 4.22 4 4.3 4.3 4.3 4.5
Inflation Rate Mom (%) 0.33 0.4 0.5 0.5 0.5 0.4
Food Inflation (%) 2.47 4.8 4.5 3 3 3.7
Core Inflation Rate (%) 3.10 2.3 2.3 2.3 2.3 2.3
Cpi Housing Utilities (points) 118.79 114 118 121 122 121

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 1.75 1.75 1.75 1.75 2 2
Deposit Interest Rate (%) 4.63 4.63 4.63 4.63 4.88 4.88

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (USD Million) -1070.30 -17120 -1050 -1050 -1050 -1070
Current Account (USD Million) 884.25 -300 -300 -300 -300 -300
Current Account to GDP (% of GDP) 5.50 2.4 2.4 1.6 1.6 1.6
Imports (USD Million) 2154.00 18200 1990 1990 1990 1980
Exports (USD Million) 1131.40 1080 940 940 940 910
Foreign Direct Investment (USD Million) 305.60 187 335 335 335 325
Tourist Arrivals (persons) 0.00 123000 187000 187000 187000 350000

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 31.26 31 31 31 31 32
Government Budget (% of GDP) -4.90 -4 -4 -4 -4 -3.6
Government Budget Value (GTQ Million) 484.20 -4680 -4680 -4680 -4680 -4680
Government Spending (GTQ Million) 55259.20 56638 30199 57470 56143 59653
Military Expenditure (USD Million) 337.00 250 250 280 280 280

Taxes Actual Q3 Q4 Q1 Q2 2022
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 7.00 7 7 7 7 7
Sales Tax Rate (%) 12.00 12 12 12 12 12
Social Security Rate (%) 17.50 17.5 17.5 17.5 17.5 17.5
Social Security Rate For Companies (%) 12.67 12.67 12.67 12.67 12.67 12.67
Social Security Rate For Employees (%) 4.83 4.83 4.83 4.83 4.83 4.83

Business Actual Q3 Q4 Q1 Q2 2022
Leading Economic Index (%) 10.60 1 3.3 3.3 3.3 3.4

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Spending (GTQ Million) 450778.20 486683 255982 468809 457991 486624
Gasoline Prices (USD/Liter) 0.96 0.91 0.87 0.82 0.78 0.74


This page has 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.