Guatemala

Description of Guatemala

Guatemala, located in Central America, is a country rich in cultural heritage and natural beauty. From its vibrant indigenous traditions to its stunning volcanic landscapes, Guatemala offers a diverse and picturesque setting for both visitors and residents. As one of the largest economies in Central America, Guatemala faces a unique set of challenges and opportunities in its development. By delving into the macroeconomic statistics and geopolitical dynamics that shape the country's path, we can gain valuable insights into Guatemala's trajectory and its role on the global stage.

Population And Age Structure

Population, total: Guatemala's population of 16,858,333 is below the attribute average of 40,097,746. Guatemala ranks 68 out of 194 countries in this category.

Population ages 0-14 (% of total population): With 33.48% of its population falling in this age group, Guatemala exceeds the attribute average of 27.34%. The country ranks 59 out of 194.

Population ages 0-14, total: Guatemala's total population in this age group is 5,643,923, which is below the attribute average of 10,327,379. Guatemala ranks 65 out of 194.

Population ages 15-64 (% of total population): Guatemala's 15-64 age group makes up 61.67% of its population, slightly below the attribute average of 63.44%. The country ranks 134 out of 194.

Population ages 15-64, total: With 10,396,683 people in this age group, Guatemala falls below the attribute average of 26,003,407. The country ranks 67 out of 194.

Population ages 65 and above (% of total population): Guatemala's older population constitutes 4.85% of the total, below the attribute average of 9.22%. Guatemala ranks 121 out of 194.

Population ages 65 and above, total: Guatemala's total population aged 65 and above is 817,727, well below the attribute average of 3,766,959. Guatemala ranks 79 out of 194 in this category.

Summary

Guatemala exhibits a population below the global average, with a significant proportion of its population in the 0-14 age group compared to the global average. However, the country has a lower percentage of the population in the 15-64 and 65+ age groups compared to the global averages. These demographic indicators are crucial as they inform policymakers about the country's dependency ratio, future workforce composition, and healthcare needs, which are essential for shaping social welfare programs, economic policies, and overall developmental strategies.

Population Miscellaneous

Analysis of key demographic statistics for Guatemala:

1. Rural population in Guatemala is 8,119,648. This is below the average rural population of 18,044,041. Guatemala ranks 67th out of 190 countries in terms of rural population.

2. The percentage of rural population in Guatemala is 48.164%, above the average of 41.158%. Guatemala ranks 69th out of 190 countries.

3. Guatemala's urban population is 8,738,685, below the average urban population of 22,425,747. Guatemala ranks 66th out of 194 countries in urban population.

4. The percentage of urban population in Guatemala is 51.836%, below the average of 59.691%. Guatemala ranks 126th out of 194 countries.

5. Guatemala's age dependency ratio is 62.151%, above the average of 59.219%. Guatemala ranks 61st out of 194 countries.

6. The crude birth rate in Guatemala is 21.816 per 1,000 people, higher than the average of 19.384. Guatemala ranks 71st out of 192 countries.

7. Guatemala's crude death rate is 5.337 per 1,000 people, below the average of 8.214. Guatemala ranks 172nd out of 192 countries.

8. The total fertility rate in Guatemala is 2.484 births per woman, slightly below the average of 2.603. Guatemala ranks 79th out of 190 countries.

Summary

Guatemala exhibits a unique demographic profile with a significant rural population comprising 48.164% of the total population, which is above the global average. However, the country has a lower urban population percentage, coupled with an above-average age dependency ratio. Guatemala also experiences a higher crude birth rate but a lower crude death rate compared to global averages. These demographic indicators are crucial for policymakers and investors to understand the country's population distribution, age structure, and fertility trends, which can influence economic development strategies, healthcare planning, and social welfare programs.

Military

For Military expenditure (current USD), Guatemala's value of $342,766,481.03 is significantly below the average of $12,904,993,617.17. Guatemala ranks 99 out of 149 countries in this attribute data.

Regarding Military expenditure (% of GDP), Guatemala's value of 0.44% is notably lower than the average of 1.90%. Guatemala is ranked 141 out of 148 countries in this metric.

In terms of Armed forces personnel, Guatemala has 43,000 personnel, which is below the average of 165,908.54. Guatemala ranks 76 out of 164 countries in this category.

Lastly, for Armed forces personnel (% of total labor force), Guatemala's value of 0.67% is under the average of 1.28%. Guatemala ranks 96 out of 164 countries in this aspect.

Summary

Guatemala's military expenditure, both in absolute terms and as a percentage of its GDP, is significantly below the global average. The country also has fewer armed forces personnel and a lower percentage of its labor force engaged in the military compared to the average. These indicators point to Guatemala prioritizing other areas of development over military spending, which may have implications for its national security strategy, resource allocation, and overall economic priorities.

Natural Resources

- In terms of Forest area (sq. km), Guatemala's value of 35,278 is below the average of 211,606. Guatemala is ranked 82 out of 191 countries in this attribute data.

- Guatemala's Land area (sq. km) of 107,160 is below the average of 665,167. This places Guatemala at rank 102 out of 194 countries.

- With a Surface area (sq. km) of 108,890, Guatemala falls below the average of 689,779. Guatemala holds the 106th rank out of 194 countries.

- Guatemala's Arable land (hectares) stands at 1,554,000, which is below the average of 7,329,543. Guatemala is ranked 90 out of 190 countries in this aspect.

- The Land under cereal production (hectares) in Guatemala is 937,544, much lower than the average of 4,206,012. Guatemala holds the 82nd rank out of 174 countries.

- Guatemala's Average precipitation in depth (mm per year) is 1,996, higher than the average of 1,158. Guatemala is ranked 32 out of 178 countries in this attribute data.

- In terms of Renewable internal freshwater resources, total (billion cubic meters), Guatemala's value of 109.2 is below the average of 240.41. Guatemala ranks 54 out of 178 countries in this attribute.

Summary

Guatemala ranks below average in various key macroeconomic indicators such as forest area, land area, arable land, land under cereal production, and renewable internal freshwater resources. However, the country performs better than the average in terms of average precipitation. These statistics are crucial as they highlight Guatemala's environmental resources and agricultural potential compared to other nations, indicating areas where the country may need to focus on improving sustainability and resource management.

Resource Rents

Guatemala's total natural resources rents (% of GDP) is 1.35%, below the average of 4.63%. This places Guatemala at rank 92 out of 175 countries.

Forest rents (% of GDP) in Guatemala stand at 0.95%, lower than the average of 1.53%. Guatemala ranks 58 out of 174 countries.

Oil rents (% of GDP) for Guatemala are 0.05%, well under the average of 2.51%. Guatemala holds the 72nd position out of 117 countries in this aspect.

Guatemala's natural gas rents (% of GDP) are extremely low at 0.00005%, significantly lower than the average of 1.25%. This places Guatemala at rank 93 out of 96 countries.

Regarding mineral rents (% of GDP), Guatemala reports 0.35%, which is below the average of 1.23%. Guatemala ranks 39 out of 86 countries in mineral rents.

Summary

In summary, Guatemala's natural resources rents, including forest rents, oil rents, natural gas rents, and mineral rents, are all below global averages. This positions Guatemala at relatively lower rankings compared to other countries in terms of utilizing and benefiting from its natural resources.

These statistics are important as they indicate a potential lack of optimal resource utilization in Guatemala, which could impact its economic development, sustainability, and overall competitiveness on the global stage. Addressing this gap could potentially enhance Guatemala's economic growth and stability in the long term.

Commodities

Regarding Cereal production, Guatemala's value is significantly below the attribute average, ranking 90th out of 174 countries in the dataset.

In terms of Aquaculture production, Guatemala's production is notably lower than the attribute average, placing it at the 52nd position out of 180 countries.

Guatemala's Capture fisheries production is also below average, ranking 137th out of 190 countries in the dataset.

When it comes to Total fisheries production, Guatemala's output is notably lower than the average, ranking 107th out of 182 countries.

For Fertilizer consumption per hectare of arable land, Guatemala's consumption is above the attribute average, placing it at the 34th position out of 187 countries.

Summary

Guatemala's performance in key macroeconomic indicators reveals a mixed picture. While the country lags behind in cereal production, aquaculture production, capture fisheries, and total fisheries production compared to global averages, its fertilizer consumption per hectare of arable land is relatively higher. This disparity is crucial as it indicates areas where Guatemala may need to focus on improving productivity and efficiency in its agricultural and fisheries sectors to enhance food security and economic growth.

Intellectual Property

- Guatemala's Industrial design applications by nonresidents stand at 131, below the average of 1415.83. Guatemala ranks 68th out of 112 countries in this dataset.
- The country's Industrial design applications by residents are at 6, significantly lower than the average of 9799.58. Guatemala ranks 104th out of 113 countries for this attribute.
- In terms of Patent applications by nonresidents, Guatemala's value is 205, below the average of 6538.40. The country holds the 61st position out of 129 countries.
- Guatemala had 7 Patent applications by residents, much under the average of 19037.56. The country ranks 102nd out of 117 countries in this aspect.
- Guatemala's Scientific and technical journal articles stand at 125.69, below the average of 15103.76. The country is ranked 129th out of 192 countries.
- Guatemala's Charges for the use of intellectual property payments amount to $259,562,200, well below the average of $3,218,843,494.38. The country ranks 55th out of 143 countries in this attribute.
- Charges for the use of intellectual property receipts in Guatemala amount to $15,852,370, significantly lower than the average of $3,191,687,117.58. The country ranks 61st out of 122 countries.
- There are 17.29 Researchers in R&D per million people in Guatemala, well below the average of 2556.45. The country is in the 72nd position out of 72 countries for this indicator.

Summary

Guatemala falls below the global average in various key macroeconomic indicators such as Industrial design applications, Patent applications, Scientific and technical journal articles, Charges for the use of intellectual property, Charges for the use of intellectual property receipts, and Researchers in R&D per million people. These low rankings signify a potential lack of innovation, research and development, and intellectual property activity in Guatemala, which can hinder the country's competitiveness and ability to drive economic growth in the long term.

Broad Economy Attributes

Guatemala's GDP (current US$) is $77,715,183,063.21, below the average GDP of $442,870,224,838.68, ranking 67th out of 189 countries.

In terms of GDP, PPP (current international $), Guatemala's value of $149,348,169,962.05 is well below the average of $734,141,122,350.78, placing it at 74th out of 181 countries.

Guatemala's GDP per capita (current US$) is $4,609.90, significantly lower than the average of $15,462.11, ranking 106th out of 190 countries.

Similarly, Guatemala's GDP per capita, PPP (current international $) stands at $8,859.01, below the average of $21,251.89, and ranks 112th out of 181 countries.

Guatemala's GNI (current US$) is $76,311,430,186.55, falling short of the average of $452,040,815,370.70, at a rank of 65th out of 185 countries.

On the other hand, concerning GNI, PPP (current international $), Guatemala's value of $146,650,525,628.69 is notably below the average of $730,698,223,823.47, placing it at 74th out of 181 countries.

In terms of GNI per capita, PPP (current international $), Guatemala's value is $8,700, lower than the average of $20,615.75, ranking 113th out of 181 countries.

Summary

Guatemala's key macroeconomic indicators, including GDP, GDP per capita, and GNI, consistently fall below global averages, positioning the country in the bottom half of rankings among international peers. This suggests that Guatemala faces significant economic challenges in terms of overall economic output, individual income levels, and national wealth compared to other nations.

These findings are important as they highlight the need for targeted economic policies and interventions to enhance Guatemala's economic development, raise standards of living for its citizens, and improve its competitiveness on the global stage. Addressing these disparities in key macroeconomic indicators could help drive sustainable growth, reduce income inequality, and bolster Guatemala's standing in the international community.

Broad Value Added

1. Gross value added at basic prices (GVA) in Guatemala is $73,272,823,735.86, which is below the average of $360,070,943,595.12. Guatemala ranks 63 out of 176 countries in this attribute.

2. Agriculture, forestry, and fishing value added in Guatemala accounts for 9.93% of its GDP, lower than the average of 10.86%. Guatemala ranks 74 out of 182 countries in this category.

3. Agriculture, forestry, and fishing value added in Guatemala is $7,714,779,898.08, significantly below the average of $19,924,732,828.07. Guatemala ranks 53 out of 182 countries in this attribute.

4. Services value added in Guatemala represents 62.02% of its GDP, above the average of 56.72%. Guatemala ranks 55 out of 183 countries in this category.

5. The value added from services in Guatemala amounts to $48,201,638,432.20, contrasting with the average of $295,837,711,130.69. Guatemala ranks 65 out of 183 countries in this attribute.

6. The value added from Industry (including construction) in Guatemala is $17,356,405,418.53, much less than the average of $118,421,095,413.50. Guatemala ranks 75 out of 183 countries in this aspect.

Summary

Guatemala's macroeconomic indicators reveal a mixed performance compared to global averages. While the country lags behind in Gross Value Added, Agriculture, Forestry, and Fishing Value Added, and Industry Value Added, it excels in Services Value Added. The lower rankings and below-average figures highlight areas for potential growth and development, emphasizing the importance of diversifying the economy beyond services to achieve a more balanced and sustainable growth trajectory.

Manufacturing Value Added

Guatemala's Manufacturing, value added (current US$) is $10,966,781,206.09, ranking 66 out of 173 countries. This value is significantly below the attribute average of $76,207,179,589.66.

The Manufacturing, value added (% of GDP) for Guatemala is 14.11%, above the attribute average of 11.90%. Guatemala ranks 60 out of 173 countries in this metric.

Guatemala's Medium and high-tech manufacturing value added (% manufacturing value added) is 22.40%, below the attribute average of 24.49%. The country ranks 76 out of 149 countries in this category.

Summary

Guatemala's manufacturing sector, while substantial with a value added of $10,966,781,206.09, ranks lower than the global average, indicating room for growth. However, the sector contributes a higher percentage to the country's GDP compared to the average, suggesting its importance in driving economic activity. Guatemala's lower proportion of medium and high-tech manufacturing value added may indicate a need to focus on upgrading and diversifying its manufacturing capabilities to stay competitive in the global economy.

Money

Inflation, consumer prices (annual %): Guatemala's consumer price inflation is below the average of 8.26%, ranking 58 out of 165 countries.

Inflation, GDP deflator (annual %): Guatemala's GDP deflator inflation is also below the average of 6.90%, ranking 77 out of 188 countries.

Broad money growth (annual %): Guatemala's broad money growth is slightly above the average of 18.03%, ranking 37 out of 139 countries.

Broad money (% of GDP): Guatemala's broad money as a percentage of GDP is below the average of 71.75%, ranking 71 out of 139 countries.

Broad money to total reserves ratio: Guatemala's ratio of broad money to total reserves is below the average, ranking 67 out of 126 countries.

Summary

Guatemala demonstrates a favorable position in key macroeconomic indicators compared to global averages and rankings. With consumer price inflation and GDP deflator inflation below average, alongside broad money growth slightly above average, the country showcases stability in its economic environment. However, the lower percentages of broad money as a percentage of GDP and broad money to total reserves ratio hint at potential challenges in liquidity and foreign exchange reserves management, which may require attention to ensure sustained economic resilience and stability.

Consumption Expenditure

1. Final consumption expenditure (current US$): Guatemala's final consumption expenditure is $73,787,890,191.86, which is significantly below the attribute average of $381,630,252,515.38. Guatemala ranks 61 out of 159 countries in this category.

2. Final consumption expenditure (% of GDP): Guatemala's final consumption expenditure as a percentage of GDP is 94.95%, higher than the attribute average of 82.37%. Guatemala holds the rank of 28 out of 159 countries in this aspect.

3. General government final consumption expenditure (current US$): Guatemala's expenditure is $8,912,674,337.74, much lower than the attribute average of $93,676,578,238.03. Guatemala ranks 75 out of 158 countries in this metric.

4. General government final consumption expenditure (% of GDP): Guatemala's government expenditure as a percentage of GDP is 11.47%, below the attribute average of 18.71%. Guatemala is ranked 133 out of 158 countries in this category.

5. Household and NPISHs Final consumption expenditure (current US$): Guatemala's household and NPISHs expenditure is $64,875,215,854.12, which is significantly lower than the attribute average of $290,127,571,157.69. Guatemala holds the rank of 58 out of 158 countries in this parameter.

6. Household and NPISHs final consumption expenditure (% of GDP): Guatemala's household and NPISHs expenditure as a percentage of GDP is 83.48%, higher than the attribute average of 63.68%. In this aspect, Guatemala ranks 17 out of 158 countries.

Summary

Guatemala demonstrates a pattern of lower final consumption expenditure in both overall and government sectors compared to the global average. However, the country allocates a higher percentage of its GDP towards consumption, especially in household and NPISHs expenditure, showcasing potential for increased economic activity at the individual level. These statistics are crucial as they indicate Guatemala's economic structure and highlight areas for potential growth and development.

Investment

Foreign direct investment, net (BoP, current US$): Guatemala's value of -782,620,480 is below the average of -1,615,235,980. Guatemala ranks 107 out of 169 countries in this attribute.

Foreign direct investment, net inflows (BoP, current US$): Guatemala's value of 1,004,371,660 is below the average of 5,749,271,080. Guatemala ranks 74 out of 182 countries in this attribute.

Foreign direct investment, net inflows (% of GDP): Guatemala's value of 1.29% is below the average of 2.61%. Guatemala ranks 105 out of 178 countries in this attribute.

Foreign direct investment, net outflows (BoP, current US$): Guatemala's value of 221,751,180 is below the average of 5,707,991,116. Guatemala ranks 59 out of 156 countries in this attribute.

Foreign direct investment, net outflows (% of GDP): Guatemala's value of 0.29% is below the average of 1.00%. Guatemala ranks 71 out of 155 countries in this attribute.

Portfolio Investment, net (BoP, current US$): Guatemala's value of -322,443,120 is below the average of 679,559,169. Guatemala ranks 116 out of 159 countries in this attribute.

Portfolio investment, bonds (PPG + PNG) (NFL, current US$): Guatemala's value of 400,000,000 is below the average of 4,134,263,915. Guatemala ranks 28 out of 59 countries in this attribute.

Summary

Guatemala's performance in key macroeconomic indicators related to foreign direct investment and portfolio investment is below the global averages and ranks comparatively low among other countries. This suggests that Guatemala may face challenges in attracting and retaining foreign investments, which are crucial for economic growth and development. Addressing these issues and improving investment climate could enhance Guatemala's competitiveness and stimulate economic progress.

Debt

Total debt service (% of GNI): Guatemala's value is 4.58% which is below the average of 5.98%. It ranks 55 out of 120 countries in the dataset.

Public and publicly guaranteed debt service (% of GNI): Guatemala's value is 1.39%, below the average of 2.84%. It ranks 82 out of 120 countries.

External debt stocks (% of GNI): Guatemala's value is 32.52%, significantly below the average of 65.42%. It ranks 95 out of 120 countries.

Debt service on external debt, total (TDS, current US$): Guatemala's value is $3,495,718,570.50, below the average of $9,811,195,839.23. It ranks 34 out of 123 countries.

Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$): Guatemala's value is $1,060,441,938.20, below the average of $3,310,612,057.60. It ranks 45 out of 123 countries.

External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$): Guatemala's value is $11,061,338,934.30, below the average of $28,695,879,144.98. It ranks 52 out of 123 countries.

External debt stocks, private nonguaranteed (PNG) (DOD, current US$): Guatemala's value is $12,074,911,000.00, significantly below the average of $33,734,699,285.22. It ranks 29 out of 91 countries.

External debt stocks, total (DOD, current US$): Guatemala's value is $24,813,115,712.10, significantly below the average of $73,845,530,111.82. It ranks 46 out of 123 countries.

Summary

Guatemala's macroeconomic indicators show that it has relatively low levels of total debt service, public debt service, and external debt compared to the global averages. The country ranks moderately in terms of its debt service metrics but ranks lower in terms of external debt stocks. These indicators are important as they reveal Guatemala's ability to manage and service its debt obligations efficiently, which can impact its creditworthiness, economic stability, and ability to attract foreign investment.

Broad Trade Attributes

Trade (% of GDP): Guatemala's trade as a percentage of GDP stands at 41.14%, below the attribute average of 82.34%. Guatemala ranks 137 out of 163 countries in this data set.

Merchandise trade (% of GDP): Guatemala's merchandise trade as a percentage of GDP is 38.25%, lower than the attribute average of 60.01%. Guatemala is ranked 141 out of 186 countries.

Trade in services (% of GDP): Guatemala's trade in services as a percentage of GDP is 6.96%, notably below the attribute average of 24.63%. Guatemala holds the 144th rank out of 171 countries.

External balance on goods and services (current US$): Guatemala has an external balance on goods and services of -6570043047.79 USD, which is below the average of 3405509011.13 USD. Guatemala ranks 143 out of 163 countries in this aspect.

External balance on goods and services (% of GDP): Guatemala's external balance on goods and services as a percentage of GDP is -8.45%, lower than the average of -5.97%. Guatemala is ranked 111 out of 163 countries for this indicator.

Summary

Guatemala exhibits a trade-dependent economy with trade accounting for a significant portion of its GDP. However, the country's overall trade, merchandise trade, and trade in services as a percentage of GDP are notably lower than the respective global averages. Additionally, Guatemala's external balance on goods and services, both in absolute terms and as a percentage of GDP, reflects a deficit position, indicating that the country imports more goods and services than it exports. These indicators are crucial as they highlight Guatemala's reliance on international trade and the need to address trade imbalances to ensure sustainable economic growth and stability.

Net Trade

Analysis of key macroeconomic attributes for Guatemala:

1. Current account balance (BoP, current US$): Guatemala's current account balance is $3,918,080,170, which is significantly above the average of $1,443,864,831.49. Guatemala ranks 30 out of 170 countries in this attribute.

2. Current account balance (% of GDP): Guatemala's current account balance as a percentage of GDP is 5.04%, above the average of -2.36%. Guatemala ranks 23 out of 170 countries in this attribute.

3. Net trade in goods and services (BoP, current US$): Guatemala has a net trade balance of -$6,553,973,700, significantly below the average of $2,604,730,003.57. Guatemala ranks 150 out of 171 countries in this attribute.

4. Net primary income (BoP, current US$): Guatemala's net primary income is -$1,407,296,730, which is below the average of -$903,807,529.74. Guatemala ranks 113 out of 170 countries in this attribute.

5. Net secondary income (BoP, current US$): Guatemala's net secondary income is $11,879,350,600, significantly above the average of -$269,227,340.40. Guatemala ranks 8 out of 170 countries in this attribute.

6. Net trade in goods (BoP, current US$): Guatemala's net trade in goods is -$6,314,179,850, below the average of $1,302,831,005.68. Guatemala ranks 143 out of 171 countries in this attribute.

7. Net capital account (BoP, current US$): Guatemala's net capital account is $1,127,670, significantly below the average of $136,543,824.05. Guatemala ranks 119 out of 159 countries in this attribute.

8. Net financial account (BoP, current US$): Guatemala's net financial account is $3,186,129,090, above the average of -$469,840,994.63. Guatemala ranks 31 out of 170 countries in this attribute.

Summary

Guatemala's macroeconomic indicators show a strong performance in terms of current account balance, net secondary income, and net financial account. The country ranks relatively high in these attributes compared to a global average. These indicators are crucial as they reflect Guatemala's ability to manage international trade, attract foreign investments, and generate income from abroad, ultimately contributing to the country's economic stability and growth.

Broad Export Attributes

Guatemala's Exports of goods, services and primary income amount to $13,723,657,630, ranking 82 out of 170 countries. This value is significantly below the average of $146,238,908,936.3.

With Exports of goods and services totaling $12,712,975,170, Guatemala ranks 84 out of 170 countries. The country performs below the average export value of $122,938,540,059.8.

Guatemala's Exports of goods and services in current US dollars stand at $12,702,168,241.24, ranking 84 out of 163 countries, and falling short of the average by $116,894,696,368.95.

The Exports of goods and services (% of GDP) for Guatemala is 16.34%, placing the country at rank 134 out of 163 countries. This percentage is notably lower than the average of 38.19%.

Guatemala's Goods exports amount to $10,126,634,020, ranking 82 out of 171 countries. This figure is lower than the average of $93,310,581,697.4.

Regarding International tourism, receipts (% of total exports), Guatemala's value is 2.35%. The country ranks 79 out of 120 countries, displaying lower tourism receipts compared to the average of 9.74%.

Guatemala's ICT goods exports (% of total goods exports) are at 0.17%, positioning the country at rank 99 out of 142 countries. This is notably below the average of 3.81%.

Summary

Guatemala's export performance across different indicators, such as total exports, goods exports, and ICT goods exports, falls below global averages, indicating potential challenges in capturing international market share and maximizing economic opportunities. The low percentage of exports relative to GDP suggests a reliance on other sectors for economic growth, highlighting the need for diversification and expansion of export capabilities to enhance overall economic resilience and competitiveness.

Merchandise Exports

Guatemala's merchandise exports amount to $11,521,000,000, ranking 82nd out of 187 countries. This value is significantly below the average of $89,542,711,229.95.

When it comes to agricultural raw materials exports as a percentage of total merchandise exports, Guatemala's value is 2.65%. This places Guatemala 45th out of 151 countries, below the average of 2.97%.

Guatemala's food exports represent 51.42% of merchandise exports, ranking 23rd out of 152 countries. This value is notably higher than the average of 24.06%.

With fuel exports accounting for 2.36% of merchandise exports, Guatemala ranks 85th out of 147 countries, significantly below the average of 13.70%.

Regarding ores and metals exports as a percentage of merchandise exports, Guatemala's value stands at 0.97%. In this category, Guatemala ranks 121st out of 152 countries, well below the average of 9.10%.

Merchandise exports by the reporting economy, residual to total merchandise exports, is at 0.81% for Guatemala. This places Guatemala 62nd out of 166 countries, below the average of 3.20%.

Summary

Guatemala's merchandise exports are significantly below the global average, with a notable emphasis on food exports, which surpass the average by a large margin. However, the country lags behind in fuel and ores/ metals exports. These indicators highlight Guatemala's reliance on food exports for revenue generation, indicating potential vulnerabilities to fluctuations in global food prices and demand for other commodities. Diversification of exports could help mitigate risks and enhance the country's economic resilience.

Technology Exports

Guatemala's manufactures exports account for 42.53% of its merchandise exports, slightly below the average of 42.62%. The country is ranked 73rd out of 152 countries in this aspect.

Guatemala's high-technology exports amount to $300,037,201, significantly lower than the average of $16,655,934,078.80. Guatemala is ranked 68th out of 151 countries for this metric.

In terms of high-technology exports as a percentage of manufactured exports, Guatemala contributes 6.05%, below the average of 10.15%. The country holds the 78th rank out of 150 nations in this category.

Guatemala's medium and high-tech exports, at 24.96% of manufactured exports, fall short of the average of 34.29%. The country ranks 85th out of 149 countries for this indicator.

Summary

Guatemala's performance in key macroeconomic indicators related to exports, particularly in high-technology and manufactured exports, lags behind global averages and places the country in the bottom half of rankings among nations. This suggests a potential vulnerability in Guatemala's economy, indicating a need for increased focus on diversifying and enhancing its export capabilities to improve competitiveness and economic resilience in an increasingly globalized market.

Service Exports

1. Service exports (BoP, current US$): Guatemala's service exports amount to $2,586,341,150, ranking 81 out of 171 countries. This value is significantly below the average service export value of $28,917,292,503.82.

2. ICT service exports (BoP, current US$): Guatemala's ICT service exports total $668,877,420, ranking 62 out of 166 countries. This value is well below the average ICT service export value of $4,578,501,153.77.

3. ICT service exports (% of service exports, BoP): Guatemala's ICT service exports account for 25.86% of its total service exports, ranking 16 out of 166 countries. This percentage is notably above the average of 11.75%.

4. Communications, computer, etc. (% of service exports, BoP): Guatemala's percentage of service exports from communications, computer, etc. is 65.03%, ranking 37 out of 169 countries. This value is higher than the average of 45.85%.

5. Transport services (% of service exports, BoP): Guatemala's transport services represent 15.11% of its service exports, ranking 95 out of 169 countries. This percentage is below the average of 21.80%.

6. Travel services (% of service exports, BoP): Guatemala's travel services contribute 12.64% to its total service exports, ranking 110 out of 167 countries. This value is lower than the average of 26.40%.

7. Insurance and financial services (% of service exports, BoP): Guatemala's insurance and financial services make up 7.22% of its service exports, ranking 47 out of 161 countries. This percentage is slightly above the average of 6.46%.

Summary

Guatemala's key macroeconomic indicators in service exports and ICT services put the country below average compared to global peers. While Guatemala's total service exports and ICT service exports are significantly lower than the global averages, its percentage of ICT service exports and the share of service exports from communications, computer, etc. are notably above average. This highlights Guatemala's potential for growth and specialization in the ICT sector, indicating a need for strategic focus and investment in this area to capitalize on this comparative advantage and boost overall economic performance.

Commercial Service Exports

Guatemala's Commercial service exports amount to $2,507,511,900, ranking 81st out of 171 countries. This value is significantly below the attribute average of $28,508,218,402.79.
For Travel services (% of commercial service exports), Guatemala's value of 13.04% is lower than the average of 27.89%. Guatemala ranks 112th out of 167 countries in this category.
In Computer, communications, and other services (% of commercial service exports), Guatemala excels with a value of 63.93%, ranking 37th out of 169 countries. This is notably higher than the attribute average of 42.44%.
Guatemala's Insurance and financial services (% of commercial service exports) value of 7.45% is slightly above the average of 6.97%. Guatemala ranks 48th out of 161 countries in this aspect.
As for Transport services (% of commercial service exports), Guatemala's value of 15.58% is below the average of 23.37%. Guatemala holds the 99th rank out of 169 countries.

Summary

Broad Import Attributes

Guatemala's imports of goods and services amount to $19,272,211,289.04, placing the country at the 76th rank out of 163 countries. This value is below the attribute average of $126,191,355,599.06.

Imports of goods and services take up 24.80% of Guatemala's GDP, ranking 131st out of 163 countries. This percentage is below the attribute average of 44.15%.

Guatemala's international tourism expenditures account for 1.80% of its total imports, positioning the country at the 102nd rank out of 131 countries. This percentage falls below the attribute average of 3.98%.

ICT goods imports constitute 7.10% of Guatemala's total goods imports, ranking the country 45th out of 143 countries. This percentage is slightly above the attribute average of 6.85%.

The value of Guatemala's goods imports in current US dollars is $16,440,813,870, placing the country at the 71st rank out of 171 countries. This value is below the attribute average of $92,007,788,027.17.

Guatemala's imports of goods and services in current US dollars amount to $19,266,948,870, ranking the country at the 76th position out of 170 countries. This value is below the attribute average of $120,321,577,988.12.

The imports of goods, services, and primary income in current US dollars for Guatemala total $21,684,928,060, positioning the country at the 76th rank out of 170 countries. This value falls below the attribute average of $144,514,428,722.28.

Summary

Guatemala's import statistics paint a picture of a nation with relatively modest imports compared to a global average. The country ranks below average in terms of total imports, imports as a percentage of GDP, international tourism expenditures, and value of goods imports in US dollars. This could indicate a more closed economy or potential challenges in attracting foreign investment and tourism revenue, which are essential for economic growth and diversification.

Merchandise Imports

1. Guatemala's merchandise imports amount to $18.2 billion, ranking 72 out of 190 countries. This is below the attribute average of $89.4 billion.
2. Manufactures imports contribute to 67.61% of Guatemala's merchandise imports, slightly above the global average of 66.76%. Guatemala ranks 80 out of 152 countries in this aspect.
3. Agricultural raw materials imports constitute 1.62% of Guatemala's merchandise imports, surpassing the average of 1.27%. Guatemala ranks 39 out of 152 countries in this category.
4. Food imports represent 17.69% of Guatemala's merchandise imports, higher than the average of 15.89%. Guatemala ranks 52 out of 152 countries in this aspect.
5. Fuel imports account for 11.82% of Guatemala's merchandise imports, above the global average of 11.38%. Guatemala ranks 66 out of 152 countries for fuel imports.
6. Ores and metals imports make up 1.14% of Guatemala's merchandise imports, significantly below the average of 2.57%. Guatemala ranks 104 out of 152 countries in this regard.
7. Guatemala's residual merchandise imports (0.40%) are well below the average of 2.51%, ranking 90 out of 180 countries.

Summary

Service Imports

Service imports (BoP, current US$): Guatemala's service imports amount to $2,826,135,000. This is below the average service imports of $27,615,356,170.47. Guatemala is ranked 86 out of 171 countries in this data.

Communications, computer, etc. (% of service imports, BoP): Guatemala's percentage in this category is 26.73%, which is below the average of 44.40%. Guatemala ranks 136 out of 169 countries for this attribute.

Transport services (% of service imports, BoP): Guatemala's allocation to transport services is 47.82%, above the average of 32.90%. The country is ranked 30 out of 169 in this aspect.

Travel services (% of service imports, BoP): Guatemala's travel services constitute 8.99% of its imports, which is below the average of 14.14%. Guatemala is ranked 101 out of 169 countries for this attribute.

Insurance and financial services (% of service imports, BoP): Guatemala allocates 16.47% of its service imports in this category, which is above the average of 8.53%. The country ranks 21 out of 169 in this aspect.

Summary

Guatemala's service imports are significantly below the global average, ranking 86th out of 171 countries. The country allocates a higher percentage to transport services and insurance/financial services, but lower percentages to communications/computer services and travel services compared to the worldwide average. These findings are crucial as they highlight Guatemala's trade preferences and priorities, indicating a potential focus on physical infrastructure and financial sectors over communication technology and tourism.

Commercial Service Imports

Commercial service imports (current US$): Guatemala's value of $2,763,748,790 for this attribute is well below the average of $27,102,746,128.60. Guatemala ranks 86th out of 171 countries in this dataset.

Computer, communications and other services (% of commercial service imports): Guatemala's value of 25.07% is below the average of 41.71%. Guatemala ranks 130th out of 169 countries in this dataset.

Insurance and financial services (% of commercial service imports): Guatemala's value of 16.84% is above the average of 8.85%. Guatemala ranks 21st out of 169 countries in this dataset.

Transport services (% of commercial service imports): Guatemala's value of 48.90% is above the average of 34.71%. Guatemala ranks 34th out of 169 countries in this dataset.

Travel services (% of commercial service imports): Guatemala's value of 9.19% is below the average of 14.73%. Guatemala ranks 104th out of 169 countries in this dataset.

Summary

Guatemala's commercial service imports value is significantly below the average compared to other countries, ranking 86th out of 171 countries. The distribution of service types within its imports varies, with notable strengths in insurance and financial services and transport services but weaknesses in computer, communications, and other services, as well as travel services.

These findings on Guatemala's commercial service imports are crucial as they indicate the country's specialization and focus areas in its service sector. Understanding these details can help policymakers, businesses, and investors make informed decisions regarding trade policies, investment strategies, and economic development initiatives to further enhance Guatemala's competitiveness and integration in the global marketplace.

Infrastructure

1. Air transport, freight (million ton-km): Guatemala's value of 0.000643636 for this attribute is significantly below the average of 1384.3654403116147. It ranks 125 out of 126 countries in the dataset.

2. Air transport, registered carrier departures worldwide: Guatemala's value of 673.09 for this attribute is far below the average of 134365.60535838926. It ranks 140 out of 149 countries in the dataset.

3. Air transport, passengers carried: Guatemala's value of 25217.454 for this attribute is notably below the average of 11848242.70036577. It ranks 137 out of 149 countries in the dataset.

4. Container port traffic (TEU: 20 foot equivalent units): Guatemala's value of 1577456 for this attribute is lower than the average of 6907110.268181819. It ranks 50 out of 110 countries in the dataset.

Summary

Guatemala exhibits significantly lower values in key macroeconomic indicators related to air transport, freight, registered carrier departures, passengers carried, and container port traffic compared to global averages. These low rankings indicate a lack of robust infrastructure and economic activity in the transportation sector, which could hinder international trade, tourism, and overall economic growth for the country.

Information Technology Infrastructure

1. Guatemala has 1798 Secure Internet servers, which is significantly below the average of 458,294. Guatemala is ranked 102 out of 193 countries in this regard.

2. In terms of Secure Internet servers per 1 million people, Guatemala has 106.65 servers, much lower than the average of 14,067.17. Guatemala is ranked 133 out of 193 countries.

3. 47.51% of individuals in Guatemala use the Internet, below the average of 64.77%. Guatemala is ranked 130 out of 180 countries for this metric.

4. Guatemala has 612,000 fixed broadband subscriptions, which is significantly lower than the average of 6,591,956. Guatemala is ranked 83 out of 185 countries in fixed broadband subscriptions.

5. The country has 20,390,671 mobile cellular subscriptions, much lower than the average of 42,526,463. Guatemala is ranked 58 out of 193 countries for mobile cellular subscriptions.

Summary

Guatemala lags behind global averages in key macroeconomic indicators related to technology and internet access. The country has significantly fewer secure internet servers, low internet usage among individuals, and below-average broadband and mobile cellular subscriptions. These indicators are crucial for economic development in the digital age as they impact competitiveness, connectivity, and access to information and resources.

Energy Consumption

Guatemala's renewable energy consumption is at 65.46% of total final energy consumption, which is above the global average of 32.18%. This places Guatemala at rank 33 out of 191 countries in the dataset.

On the other hand, Guatemala's CO2 emissions are 16,865.2 kt, significantly below the average of 171,895.94 kt. Guatemala ranks 90 out of 188 countries in CO2 emissions, indicating comparatively lower emissions intensity.

Summary

Guatemala stands out for its high renewable energy consumption at 65.46% of total final energy consumption, surpassing the global average of 32.18%. This places Guatemala at the 33rd position out of 191 countries in the dataset. Additionally, Guatemala's relatively low CO2 emissions of 16,865.2 kt, compared to the average of 171,895.94 kt, position it at 90 out of 188 countries. These statistics indicate Guatemala's proactive stance towards sustainable energy practices and environmental conservation, boosting its global competitiveness and potential for long-term economic resilience.

Government Balance Sheet

Guatemala's net acquisition of financial assets as a percentage of GDP is below the average, ranking 47th out of 87 countries. The country's net incurrence of liabilities, total as a percentage of GDP is also below average, ranking at 57 out of 92 countries.

Guatemala's total reserves as a percentage of total external debt is above average, ranking at 21 out of 102 countries. The country's reserves and related items in BoP in current US dollars are significantly higher than the average, ranking 24th out of 171 countries.

Guatemala's total reserves minus gold in current US dollars is notably below average, ranking at 54 out of 161 countries. Additionally, the country's total reserves (including gold) in current US dollars are also below average, ranking at 60 out of 161 countries.

Lastly, Guatemala's total reserves in months of imports are above the average, ranking at 30 out of 151 countries.

Summary

Guatemala's key macroeconomic indicators position the country favorably in terms of its ability to manage financial assets and liabilities. With total reserves above average in relation to external debt and in BoP, Guatemala demonstrates financial strength and stability. However, challenges exist with total reserves minus gold below average, indicating areas for potential improvement. The high ranking of total reserves in months of imports showcases Guatemala's ability to withstand external shocks, providing a buffer for its economy.

These findings are important as they indicate Guatemala's resilience in managing its financial resources and its capacity to meet external obligations. By maintaining adequate reserves and a favorable position in relation to external debt, Guatemala can mitigate risks and maintain stability in the face of economic uncertainties or crises.

Government Revenue

Summary

Guatemala's macroeconomic indicators show mixed performance compared to global averages and rankings. The country excels in taxes on goods and services, and taxes on income, profits, and capital gains, outperforming most countries. However, Guatemala's revenue generation excluding grants, grants and other revenue, and taxes on international trade are below average, indicating room for improvement in revenue diversification and international trade taxation. These indicators are crucial as they reflect the country's fiscal stability, economic diversification, and ability to attract foreign investments.

Taxes

For Tax revenue (% of GDP), Guatemala has a value of 9.96%, which is below the average of 16.72%. Guatemala ranks 105 out of 123 countries in this attribute data.

Regarding Taxes on exports (% of tax revenue), Guatemala's value of 0.000004% is significantly below the average of 2.54%. Guatemala is ranked 36 out of 36 countries in this data set.

In terms of Customs and other import duties (% of tax revenue), Guatemala's value of 4.13% is below the average of 9.01%. The country ranks 57 out of 99 countries in this attribute data.

For Taxes on income, profits and capital gains (% of total taxes), Guatemala's value stands at 36.18%, slightly below the average of 38.40%. It ranks 67 out of 120 countries in this data set.

Lastly, in Tariff rate, applied, weighted mean, all products (%), Guatemala's value of 1.59% is below the average of 5.21%. It ranks 107 out of 153 countries in this attribute data.

Summary

Guatemala exhibits lower tax revenue as a percentage of its GDP, and its tax structure heavily relies on income, profits, and capital gains rather than taxes on exports. The country also applies lower tariffs compared to the global average. These indicators reveal Guatemala's dependency on income taxes and relatively open trade policies, which can impact its revenue generation capabilities and trade relations with other nations.

Government Expenses

Expense (% of GDP): Guatemala's expense as a percentage of GDP is 14.91%, which is below the average of 31.69%. Guatemala ranks 113 out of 123 countries in this attribute data.

Compensation of employees (% of expense): Guatemala's compensation of employees as a percentage of expense is 33.35%, above the average of 24.70%. Guatemala ranks 33 out of 123 countries in this attribute data.

Goods and services expense (% of expense): Guatemala's goods and services expense as a percentage of total expense is 10.19%, below the average of 14.77%. Guatemala ranks 74 out of 122 countries in this attribute data.

Interest payments (% of expense): Guatemala's interest payments as a percentage of expense is 11.37%, above the average of 6.85%. Guatemala ranks 24 out of 121 countries in this attribute data.

Other expense (% of expense): Guatemala's other expenses as a percentage of total expense is 6.32%, below the average of 8.29%. Guatemala ranks 57 out of 120 countries in this attribute data.

Subsidies and other transfers (% of expense): Guatemala's subsidies and other transfers as a percentage of expense is 38.76%, below the average of 43.29%. Guatemala ranks 69 out of 121 countries in this attribute data.

Summary

Guatemala maintains a relatively low overall expense as a percentage of GDP compared to the average, ranking 113 out of 123 countries. However, the country allocates a higher proportion of this expense towards compensating employees and interest payments, ranking 33 and 24, respectively. This suggests a significant portion of Guatemala's budget is directed towards maintaining its workforce and servicing debt, which can impact economic stability and growth.

Top Stats

Ranks in Top Decile For:

Attribute	Rank/Total
Net secondary income (BoP, current US$)	8/170
ICT service exports (% of service exports, BoP)	16/166
Taxes on goods and services (% of revenue)	3/122

Ranks in Bottom Decile For:

Attribute	Rank/Total
Military expenditure (% of GDP)	141/148
Natural gas rents (% of GDP)	93/96
Industrial design applications, resident, by count	104/113
Researchers in R&D (per million people)	72/72
Air transport, freight (million ton-km)	125/126
Air transport, registered carrier departures worldwide	140/149
Air transport, passengers carried	137/149
Revenue, excluding grants (% of GDP)	114/122
Grants and other revenue (% of revenue)	108/108
Taxes on exports (% of tax revenue)	36/36
Expense (% of GDP)	113/123