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Guatemala
Guatemala
HistorySaid – pattern
Guatemala matched the Export Boom Cycle pattern in 2024. 6 pattern matches detected historically. View →
HistorySaid – ranking
Guatemala ranks 124th globally by GDP ($113.2B in 2024). View →
HistorySaid – inflation
Inflation in Guatemala fell from 6.2% (2023) to 2.9% (2024) – a 3.3pp shift. View →
HistorySaid – population
Guatemala has a population of 18.4 million as of 2024 (growth: 1.55%). View →
Economy & Growth
GDP $113.2B
GDP per Capita $6,150
GDP Growth 3.65%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Agriculture Value Added | 9.08% | 9.69% | 9.78% | 9.60% Trend | 9.62% Trend | 9.64% Trend | – | – | – |
| GDP | $95.6B | $104.4B | $113.2B | $120.9B IMF WEO Oct 2025 | $129.5B IMF WEO Oct 2025 | $139.5B IMF WEO Oct 2025 | $150.2B IMF WEO Oct 2025 | $161.8B IMF WEO Oct 2025 | $174.5B IMF WEO Oct 2025 |
| GDP Deflator | 6.37% | 6.54% | 3.66% | 6.01% Trend | 6.51% Trend | 7.01% Trend | – | – | – |
| GDP Growth | 4.18% | 3.53% | 3.65% | 3.83% IMF WEO Oct 2025 | 3.60% IMF WEO Oct 2025 | 3.60% IMF WEO Oct 2025 | 3.65% IMF WEO Oct 2025 | 3.76% IMF WEO Oct 2025 | 3.86% IMF WEO Oct 2025 |
| GDP PPP | $232.3B | $249.1B | $264.5B | $281.7B IMF WEO Oct 2025 | $297.1B IMF WEO Oct 2025 | $312.9B IMF WEO Oct 2025 | $329.6B IMF WEO Oct 2025 | $348.0B IMF WEO Oct 2025 | $368.2B IMF WEO Oct 2025 |
| GDP per Capita | $5,359 | $5,758 | $6,150 | $6,478 IMF WEO Oct 2025 | $6,851 IMF WEO Oct 2025 | $7,286 IMF WEO Oct 2025 | $7,751 IMF WEO Oct 2025 | $8,249 IMF WEO Oct 2025 | $8,787 IMF WEO Oct 2025 |
| GDP per Capita PPP | $13,014 | $13,745 | $14,369 | $15,100 IMF WEO Oct 2025 | $15,721 IMF WEO Oct 2025 | $16,347 IMF WEO Oct 2025 | $17,010 IMF WEO Oct 2025 | $17,740 IMF WEO Oct 2025 | $18,542 IMF WEO Oct 2025 |
| GNI | $93.6B | $102.4B | $111.6B | $120.3B Trend | $129.1B Trend | $138.0B Trend | – | – | – |
| GNI per Capita | $5,220 | $5,470 | $5,780 | $6,179 Trend | $6,530 Trend | $6,881 Trend | – | – | – |
| Gross Savings | 17.72% | 19.52% | 19.58% | 20.54% IMF WEO Oct 2025 | 19.13% IMF WEO Oct 2025 | 18.51% IMF WEO Oct 2025 | 18.01% IMF WEO Oct 2025 | 17.62% IMF WEO Oct 2025 | 17.54% IMF WEO Oct 2025 |
| Industry Value Added | 22.63% | 22.31% | 21.73% | 21.91% Trend | 21.80% Trend | 21.69% Trend | – | – | – |
| Services Value Added | 61.74% | 61.40% | 61.84% | 61.51% Trend | 61.42% Trend | 61.33% Trend | – | – | – |
Italic values are IMF World Economic Outlook projections.
Prices & Inflation
Inflation Rate 2.87%
Consumer Price Index 179.60
PPP Conversion Factor 3.32
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Consumer Price Index | 164.39 | 174.59 | 179.60 | 189.47 Trend | 197.97 Trend | 206.47 Trend | – | – | – |
| Inflation Rate | 6.89% | 6.21% | 2.87% | 1.69% IMF WEO Oct 2025 | 3.34% IMF WEO Oct 2025 | 4.03% IMF WEO Oct 2025 | 4.00% IMF WEO Oct 2025 | 4.04% IMF WEO Oct 2025 | 4.04% IMF WEO Oct 2025 |
| PPP Conversion Factor | 3.19 | 3.28 | 3.32 | 3.35 Trend | 3.39 Trend | 3.43 Trend | – | – | – |
Italic values are IMF World Economic Outlook projections.
Population
Population 18.4M
Population Growth 1.54%
Population Density 169.1
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|
| Birth Rate | 20.8 | – | – | 19.5 Trend | 18.9 Trend | – | – |
| Death Rate | 4.8 | – | – | 5.1 Trend | 5.0 Trend | – | – |
| Dependency Ratio | 58.41 | 57.30 | – | 55.99 Trend | 54.76 Trend | 53.54 Trend | – |
| Fertility Rate | 2.31 | – | – | 2.14 Trend | 2.08 Trend | – | – |
| Life Expectancy | 72.6 | – | – | 71.9 Trend | 72.2 Trend | – | – |
| Net Migration | -8,940 | -7,725 | -7,959 | – | 792 Trend | 5,255 Trend | 9,719 Trend |
| Population | 18.1M | 18.4M | – | 18.7M Trend | 18.9M Trend | 19.2M Trend | – |
| Population Density | 169.1 | – | – | 173.8 Trend | 176.1 Trend | – | – |
| Population Growth | 1.54% | 1.54% | – | 1.56% Trend | 1.59% Trend | 1.62% Trend | – |
| Refugee Population | – | – | – | – | – | – | – |
| Urban Population | 55.61% | 55.95% | – | 56.31% Trend | 56.66% Trend | 57.01% Trend | – |
Italic values are IMF World Economic Outlook projections.
Employment
Unemployment Rate 2.60%
Youth Unemployment 4.76%
Labor Force Participation 59.62%
▾
| Indicator | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| Agriculture Employment | 29.81% | 29.45% | 29.05% | 29.54% Trend | 29.75% Trend | 29.96% Trend |
| Female Labor Participation | 38.14% | 38.42% | 38.32% | 36.45% Trend | 35.41% Trend | 34.36% Trend |
| Industry Employment | 22.51% | 22.53% | 22.71% | 22.91% Trend | 23.09% Trend | 23.27% Trend |
| Labor Force Participation | 59.59% | 59.70% | 59.62% | 58.27% Trend | 57.55% Trend | 56.83% Trend |
| Services Employment | 47.68% | 48.02% | 48.23% | 47.54% Trend | 47.16% Trend | 46.77% Trend |
| Unemployment Rate | 2.34% | 2.61% | 2.60% | – | – | – |
| Youth Unemployment | 4.33% | 4.62% | 4.76% | 4.85% Trend | 4.88% Trend | 4.91% Trend |
Italic values are IMF World Economic Outlook projections.
Government
Tax Revenue 11.57%
Government Spending 13.50%
Military Spending 0.37%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Budget Deficit | -1.70% | -1.25% | -0.96% | -2.61% IMF WEO Oct 2025 | -2.66% IMF WEO Oct 2025 | -2.90% IMF WEO Oct 2025 | -2.82% IMF WEO Oct 2025 | -2.77% IMF WEO Oct 2025 | -2.84% IMF WEO Oct 2025 |
| Education Spending | – | – | – | – | – | – | – | – | – |
| Government Debt to GDP | 28.98% | 27.21% | 26.32% | 26.98% IMF WEO Oct 2025 | 27.80% IMF WEO Oct 2025 | 28.70% IMF WEO Oct 2025 | 29.47% IMF WEO Oct 2025 | 30.13% IMF WEO Oct 2025 | 30.78% IMF WEO Oct 2025 |
| Government Revenue | 12.57% | 12.48% | 12.42% | 12.40% IMF WEO Oct 2025 | 12.43% IMF WEO Oct 2025 | 12.44% IMF WEO Oct 2025 | 12.45% IMF WEO Oct 2025 | 12.45% IMF WEO Oct 2025 | 12.43% IMF WEO Oct 2025 |
| Government Spending | 13.99% | 13.50% | – | 13.68% Trend | 13.65% Trend | – | – | – | – |
| Health Spending | 7.17% | 6.80% | – | 7.58% Trend | 7.77% Trend | – | – | – | – |
| Military Spending | 0.46% | 0.42% | 0.37% | 0.38% Trend | 0.37% Trend | 0.36% Trend | – | – | – |
| Tax Revenue | 11.82% | 11.57% | – | 12.72% Trend | 13.13% Trend | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Debt
External Debt $27.1B
External Debt to GNI 24.24%
Short-term Debt 0.63%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Debt Service | 21.16% | 13.30% | 9.56% | 7.34% Trend | 4.47% Trend | 1.60% Trend |
| Domestic Credit | 46.00% | 44.92% | 43.56% | 42.80% Trend | 41.85% Trend | 40.90% Trend |
| External Debt | $25.3B | $25.7B | $27.1B | $27.2B Trend | $27.6B Trend | $28.1B Trend |
| External Debt to GNI | 27.01% | 25.05% | 24.24% | 21.44% Trend | 19.29% Trend | 17.14% Trend |
| Interest Payments to Revenue | 12.67% | 12.56% | – | 11.58% Trend | 11.10% Trend | – |
| Short-term Debt | 1.20% | 0.74% | 0.63% | -1.68% Trend | -3.14% Trend | -4.60% Trend |
Italic values are IMF World Economic Outlook projections.
Money
Lending Rate 12.40%
Deposit Rate 4.93%
Real Interest Rate 8.43%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Credit to GDP | 36.59% | 37.13% | 36.78% | 37.41% Trend | 37.74% Trend | 38.07% Trend |
| Deposit Rate | 3.91% | 4.21% | 4.93% | 4.57% Trend | 4.64% Trend | 4.70% Trend |
| Lending Rate | 11.92% | 11.96% | 12.40% | 12.05% Trend | 12.00% Trend | 11.95% Trend |
| M2 Money Supply Growth | 7.01% | 6.06% | 8.21% | 2.97% Trend | 0.81% Trend | -1.36% Trend |
| Non-Performing Loans | 1.25% | 1.75% | – | 1.16% Trend | 1.01% Trend | – |
| Real Interest Rate | 5.22% | 5.09% | 8.43% | 5.70% Trend | 5.14% Trend | 4.58% Trend |
Italic values are IMF World Economic Outlook projections.
Currency
Exchange Rate 7.76
Foreign Reserves $24.4B
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Exchange Rate | 7.75 | 7.83 | 7.76 | 7.81 Trend | 7.83 Trend | 7.84 Trend |
| Foreign Reserves | $20.4B | $21.3B | $24.4B | $24.8B Trend | $26.0B Trend | $27.2B Trend |
| Real Effective Exchange Rate | – | – | – | – | – | – |
| Reserves in Months of Imports | 6.5 | 6.9 | 7.4 | 5.8 Trend | 5.1 Trend | 4.4 Trend |
Italic values are IMF World Economic Outlook projections.
Trade
Exports $18.0B
Imports $35.6B
Trade Balance $-17.6B
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Current Account Balance | 1.17% | 3.08% | 2.89% | 3.90% IMF WEO Oct 2025 | 2.23% IMF WEO Oct 2025 | 1.48% IMF WEO Oct 2025 | 0.84% IMF WEO Oct 2025 | 0.29% IMF WEO Oct 2025 | -0.02% IMF WEO Oct 2025 |
| Exports | $18.1B | $17.3B | $18.0B | $20.1B Trend | $21.3B Trend | $22.6B Trend | – | – | – |
| FDI Inflows | 1.52% | 1.58% | 1.63% | 1.46% Trend | 1.27% Trend | 1.08% Trend | – | – | – |
| FDI Outflows | 0.76% | 0.63% | 0.76% | 0.89% Trend | 0.97% Trend | 1.06% Trend | – | – | – |
| Imports | $33.9B | $33.1B | $35.6B | $41.3B Trend | $45.2B Trend | $49.0B Trend | – | – | – |
| Remittances Received | $18.2B | $20.0B | $21.6B | $24.8B Trend | $27.3B Trend | $29.9B Trend | – | – | – |
| Tourism Receipts | – | – | – | – | – | – | – | – | – |
| Trade Balance | $-15.8B | $-15.7B | $-17.6B | $-21.3B Trend | $-23.9B Trend | $-26.4B Trend | – | – | – |
| Trade Openness | 54.43% | 48.30% | 47.34% | 51.53% Trend | 52.67% Trend | 53.82% Trend | – | – | – |
Italic values are IMF World Economic Outlook projections.
Financial Markets
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Interest Rate Spread | 8.02% | 7.75% | 7.46% | 7.49% Trend | 7.37% Trend | 7.25% Trend |
| Listed Companies | – | – | – | – | – | – |
| Market Capitalization | – | – | – | – | – | – |
| Stock Turnover Ratio | – | – | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Political Stability
Political Stability -0.24
Government Effectiveness -0.90
Regulatory Quality -0.29
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| Control of Corruption | -1.19 | -1.21 | -1.12 | -1.31 Trend | -1.36 Trend |
| Government Effectiveness | -0.78 | -0.91 | -0.90 | -1.02 Trend | -1.07 Trend |
| Political Stability | -0.40 | -0.26 | -0.24 | -0.05 Trend | 0.03 Trend |
| Regulatory Quality | -0.33 | -0.29 | -0.29 | -0.28 Trend | -0.27 Trend |
| Rule of Law | -1.11 | -1.13 | -1.08 | -1.09 Trend | -1.09 Trend |
| Voice and Accountability | -0.47 | -0.52 | -0.53 | -0.66 Trend | -0.72 Trend |
Italic values are IMF World Economic Outlook projections.
Health
Health Expenditure per Capita $392
Infant Mortality Rate 17.9
Maternal Mortality Ratio 94.00
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| Health Expenditure per Capita | $362 | $384 | $392 | $470 Trend | $502 Trend |
| Hospital Beds | 0.44 | 0.44 | 0.45 | 0.43 Trend | 0.43 Trend |
| Infant Mortality Rate | 19.0 | 18.4 | 17.9 | 16.6 Trend | 15.9 Trend |
| Maternal Mortality Ratio | 125.00 | 97.00 | 94.00 | 93.20 Trend | 90.30 Trend |
| Physicians | – | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Education
Literacy Rate 82.11%
Tertiary Enrollment 27.29%
Education Spending 3.11%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Education Spending | 3.21% | 3.11% | – | 3.07% Trend | 3.05% Trend | – |
| Literacy Rate | 83.03% | 83.04% | 82.11% | 83.23% Trend | 83.54% Trend | 83.84% Trend |
| Primary Enrollment | 103.00% | 102.03% | 101.49% | 101.90% Trend | 101.80% Trend | 101.70% Trend |
| Tertiary Enrollment | – | 27.29% | – | 28.35% Trend | 29.13% Trend | – |
Italic values are IMF World Economic Outlook projections.
Energy
Renewable Energy 62.10%
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| CO2 Emissions | – | – | – | – | – |
| CO2 per Capita | – | – | – | – | – |
| Electricity Access | 97.90% | 99.10% | 100.00% | 102.48% Trend | 103.65% Trend |
| Energy Use per Capita | 924 | 888 | – | 955 Trend | – |
| Forest Area | 32.81% | 32.70% | 32.60% | 32.38% Trend | 32.27% Trend |
| Renewable Energy | 62.10% | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Technology
Internet Users 56.05%
Mobile Subscriptions 113.71
R&D Spending 0.06%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| High-tech Exports | 4.97% | 5.78% | 5.40% | 5.26% Trend | 5.19% Trend | 5.12% Trend |
| Internet Users | 55.41% | 56.05% | – | 63.32% Trend | 66.44% Trend | – |
| Mobile Subscriptions | 115.16 | 113.71 | – | 111.22 Trend | 109.33 Trend | – |
| Patent Applications | – | – | – | – | – | – |
| R&D Spending | – | – | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Inequality
Gini Index 45.2
Poverty Rate 9.70%
Income Share Top 10% 34.10%
▾
| Indicator | 2006 | 2014 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| Gini Index | 54.5 | 48.3 | 45.2 | 45.7 Trend | 45.4 Trend |
| Income Share Bottom 10% | 1.10% | 1.70% | 1.60% | 1.69% Trend | 1.71% Trend |
| Income Share Top 10% | 43.00% | 38.00% | 34.10% | 35.01% Trend | 34.76% Trend |
| Poverty Rate | 10.50% | 8.00% | 9.70% | 8.44% Trend | 8.34% Trend |
Italic values are IMF World Economic Outlook projections.