President Alejandro Giammattei has been under growing pressure from the business sector to loosen lockdown restrictions. Established in 1995, EIN Newsdesk helps millions of users track breaking news across thousands of trusted websites. In Aug. 2001, plans for tax increases prompted widespread, and often violent, protests. Guatemala: Inflation moderates in May. Economy. Services, manufacturing and agriculture are top sectors. Guatemala has the largest economy in Central America, according to the World Bank, and it has grown steadily in the 21st century. Guatemala Economy News Service from EIN News. For example, Guatemala’s Exports rank is higher than (please wait...) of the countries in the dataset. Guatemala: Remittances fall in May amid elevated unemployment in the U.S. June 8, 2020 Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy. The agricultural sector accounts for 13.5% of GDP and 31% of the labor force; key agricultural exports include sugar, coffee, bananas, and vegetables. Online News Monitoring Made Simple. Guatemala Signs Several Trade Agreements To stimulate the economy, Guatemala, along with El Salvador and Honduras, signed a free trade agreement with Mexico in June 2000. Guatemala Economic News. The GDP per capita was $5,300 and the inflation rate was about 4.4 percent for the same year. The Guatemalan economy is robust, and is actually the largest economy in Central America. The Economist offers authoritative insight and opinion on international news, politics, business, finance, science, technology and the connections between them. Guatemala’s GDP in 2013 was $81.5 billion, up from $78.9 in the previous year. Santa Catalina's Arch is seen in Antigua, Guatemala, Sunday, June 21, 2020. The GDP value of Guatemala represents 0.07 percent of the world economy. June 9, 2020. Consumer prices increased 0.19% from the previous month in May, below the 0.71% increase seen in April. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. In 2016, the country’s economy grew by 2.9 percent, according to the latest estimates, and is expected to grow by 3.2 percent in 2017. The Gross Domestic Product (GDP) in Guatemala was worth 85.30 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. Read more. Guatemala: Ex-economy minister sought on graft charges By SONNY FIGUEROA January 17, 2020 GMT Chief anti-impunity prosecutor Juan Francisco Sandoval said Acisclo Valladares Urruela was not at his residence when authorities went there in the morning with an arrest warrant on charges of illicit association and money laundering. Thanks to prudent macroeconomic management, Guatemala has been one of the strongest economic performers in Latin America in recent years, with a GDP growth rate of 3.0 percent since 2012 and 4.1 percent in 2015. Guatemala is the top remittance recipient in Central America as a result of Guatemala's large expatriate community in the US. Earlier attempts to reactivate the economy were followed by a surge in COVID-19 infections, prompting Giammattei to clamp down again.


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