Spanish, Maya languages 29.7, K'iche 7.8, Mam 4.4, Kaqchikel 3, Q'anjob'al 1.2, Poqomchi' 1, other 4, other 0.4
Economic Overview
Key economic indicators for Guatemala
GDP:
$224.556 billion
GDP per Capita:
$12,400
GDP Growth:
3.53%
Inflation:
6.21%
Unemployment:
2.71%
Public Debt:
31.56% of GDP
Credit Rating:
BB- (2017)
Political System
Governance structure of Guatemala
Government Type:
presidential republic
Head of State:
President Bernardo ARÉVALO de León (since 15 January 2024)
Head of Government:
President Bernardo ARÉVALO de León (since 15 January 2024)
Judiciary:
Supreme Court of Justice or Corte Suprema de Justicia (consists of 13 magistrates, including the court president and organized into 3 chambers); note - the court president also supervises trial judges countrywide; note - the Constitutional Court or Corte de Constitucionalidad of Guatemala resides outside the country's judicial system; its sole purpose is the interpretation of the constitution and to see that the laws and regulations are not superior to the constitution (consists of 5 titular magistrates and 5 substitute magistrates)
Administrative Divisions:
22 departments (departamentos, singular - departamento); Alta Verapaz, Baja Verapaz, Chimaltenango, Chiquimula, El Progreso, Escuintla, Guatemala, Huehuetenango, Izabal, Jalapa, Jutiapa, Peten, Quetzaltenango, Quiche, Retalhuleu, Sacatepequez, San Marcos, Santa Rosa, Solola, Suchitepequez, Totonicapan, Zacapa
Major Political Parties
Not specified
International Relations
Global position and alliances
UN Member:
Yes
EU Member:
No
Diplomatic Presence:
2220 R Street NW, Washington, DC 20008
Major Alliances and Organizations
OAS
Economic Sectors & Trade
Detailed economic breakdown
Major Economic Sectors
Agriculture
9.8% (2023 est.)
Industry
22.3% (2023 est.)
Services
61.3% (2023 est.)note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Trade Volume
Exports:
$17.328 billion
Imports:
$33.024 billion
Major Trading Partners
USA 33
El Salvador 11
Honduras 9
Nicaragua 6
Mexico 4
Economic Outlook
Guatemala has a 3.53% GDP growth rate with 6.21% inflation. The economy is characterized by a strong agriculture sector.