HistoryCentral · Nation by Nation
HistoryCentral Est. 1996
Flag of Guatemala
flag — Guatemala
Nation by Nation

Guatemala

Economy

$113.2 billion
GDP
World Bank · 2024
$6,150
GDP / Capita
World Bank · 2024
+3.7%
GDP Growth
World Bank · 2024
2.6%
Unemployment
World Bank · 2024

Guatemala has the largest economy in Central America, a lower-middle-income country dependent on agriculture, remittances, and manufacturing, yet marked by deep poverty and inequality, especially among its large Indigenous population.

Remittances from Guatemalans in the US are a vital lifeline, and while the economy is relatively stable, weak institutions, corruption, and high emigration are persistent challenges.

Key Sectors

Key sectors include agriculture (coffee, sugar, bananas, and cardamom — Guatemala is a top exporter), remittances, textiles and apparel, and tourism built on Mayan heritage and natural beauty.

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