Markets Actual Q2 Q3 Q4 Q1 2022
Currency 7.73 7.74 7.74 7.74 7.74 7.74

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Annual Growth Rate (%) 2.95 7 2.3 4 1.6 3.8
Unemployment Rate (%) 2.00 5 5 5 4 4
Inflation Rate (%) 5.17 7 5.6 4.4 3.6 3.2
Interest Rate (%) 1.75 1.75 1.75 1.75 1.75 2
Balance of Trade (USD Million) -883.10 -810 -720 -1200 -1200 -1050
Current Account (USD Million) 1041.73 -300 -300 -300 -300 -300
Current Account to GDP (% of GDP) 5.50 2.4 2.4 2.4 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 Q2 Q3 Q4 Q1 2022
GDP Annual Growth Rate (%) 2.95 7 2.3 4 1.6 3.8
GDP (USD Billion) 85.30 84.5 84.5 84.5 84.5 87
GDP Constant Prices (GTQ Million) 135610.60 124408 127475 141035 137780 146394
Gross Fixed Capital Formation (GTQ Million) 67823.30 77343 73946 70536 68908 73217
GDP per capita (USD) 3413.27 3400 3400 3400 3400 3490
GDP per capita PPP (USD) 8637.56 8380 8380 8380 8380 8600
GDP From Agriculture (GTQ Million) 12755.95 13214 12283 13266 12960 13770
GDP From Construction (GTQ Million) 5907.01 5569 5693 6143 6002 6377
GDP From Manufacturing (GTQ Million) 19202.93 17802 18385 19971 19510 20730
GDP From Mining (GTQ Million) 1071.86 953 1092 1115 1089 1157
GDP From Public Administration (GTQ Million) 5203.19 5434 5211 5411 5286 5617
GDP From Transport (GTQ Million) 3461.18 2461 2919 3600 3517 3736
GDP From Utilities (GTQ Million) 4052.47 3309 3489 4215 4117 4375

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 2.00 5 5 5 4 4
Population (Million) 17.92 18.07 18.07 18.45 18.45 18.83
Labor Force Participation Rate (%) 59.10 59.5 59.7 60 60 60.3

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 5.17 7 5.6 4.4 3.6 3.2
Consumer Price Index CPI (points) 150.24 151 155 155 155 160
Inflation Expectations (%) 4.54 4 4 4.3 4.3 4.5
Inflation Rate Mom (%) 0.33 0.3 0.4 0.5 0.5 0.4
Food Inflation (%) 8.76 5 4.8 4.5 3 3.7
Core Inflation Rate (%) 2.80 2.3 2.3 2.3 2.3 2.3
Cpi Housing Utilities (points) 117.86 121 119 128 120 124

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

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (USD Million) -883.10 -810 -720 -1200 -1200 -1050
Current Account (USD Million) 1041.73 -300 -300 -300 -300 -300
Current Account to GDP (% of GDP) 5.50 2.4 2.4 2.4 1.6 1.6
Imports (USD Million) 2150.20 18200 18200 1990 1990 1980
Exports (USD Million) 1267.10 1080 1080 940 940 910
Foreign Direct Investment (USD Million) 228.80 187 187 335 335 325
Tourist Arrivals (persons) 0.00 85000 123000 187000 187000 350000

Government Actual Q2 Q3 Q4 Q1 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) -859.60 -4680 -4680 -4680 -4680 -4680
Government Spending (GTQ Million) 55259.20 56638 54150 57470 56143 59653
Military Expenditure (USD Million) 337.00 250 250 250 280 280

Taxes Actual Q2 Q3 Q4 Q1 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 Q2 Q3 Q4 Q1 2022
Leading Economic Index (%) 6.90 0.8 1 3.3 3.3 3.4

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Spending (GTQ Million) 450778.20 486683 465305 468809 457991 486624
Gasoline Prices (USD/Liter) 0.93 0.73 0.7 0.66 0.63 0.6


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.