Economy of Guatemala
From Wikipedia, the free encyclopedia
|This article needs additional citations for verification.|
Please help improve this article by adding reliable references. Unsourced material may be challenged and removed. (January 2009)
|Economy of Guatemala|
|Fiscal year||Calendar year|
|GDP||$56.5 billion(2003 est.)|
|GDP growth||2.1% (2007)|
|GDP per capita||US$ 5.000 (2007)|
|GDP by sector||agriculture: 22.5% industry: 18.9% services: 58.5% (2006 est.)|
|Inflation (CPI)||5.5% (2007)|
below poverty line
|Gini index||54.1 (2006)|
|Main industries||coal, machine building, armaments, textiles, footwear and apparel, petroleum, cement, chemicals, fertilizers, toys, food processing; transportation equipment, including automobiles and ships, electronics, telecommunications equipment, real state, brewing, tourism|
|Exports||$2.763 billion f.o.b. (2003 est.)|
|Export goods||transport equipment, footwear, coffee, automobiles|
|Main export partners||US 56.7%, El Salvador 10.8%, Nicaragua 3.6% (2003)|
|Imports||US$ 140.7 billion (2007)|
|Import goods||machinery, electrical and transport equipment, chemical products, oil, automotive parts, electronics|
|Main import partners||US 34.1%, Mexico 8.8%, South Korea 7.8%, El Salvador 6.4%, China 4.6% (2003)|
|Public debt||$4.957 billion (2003 est.)|
|Economic aid||$250 million (2000 est.)|
|Main data source: CIA World Fact Book|
All values, unless otherwise stated, are in US dollars
- Liberalizing the trade regime;
- Financial services sector reform;
- Overhauling Guatemala's public finances;
- Simplifying the tax structure, enhancing tax compliance, and broadening the tax base.
- Improving the investment climate through procedural and regulatory simplification and adopting a goal of concluding treaties to protect investment and intellectual property rights.
2009 Food Crisis
- Guatemala has the fourth highest rate of chronic malnutrition in the world and the highest in the Western Hemisphere.
- Approximately 75% of Guatemalans live below the poverty level, which is defined as an income that is not sufficient to purchase a basic basket of goods and basic services.
- Approximately 58% of the population have incomes below the extreme poverty line, which is defined as the amount needed to purchase a basic basket of food.
- Approximately 50% of Guatemalan children under the age of 5 now suffer from chronic undernutrition.
- In the nation's highlands, where many indigenous people live, 70% of children under age 5 are malnourished.