• Guatemala

    Guatemala

    Development Challenges 

    The most populous country in Central America, Guatemala is one of the poorest nations in the region. It has the lowest median age of any country in the Western Hemisphere. Emergent foreign investment has generated important reforms and macroeconomic stabilization in recent years. Guatemala’s economy is based on the export of sugar, bananas and coffee and is dominated by the private sector. The country faces development challenges including:

    • Political instability and violence of a 36-year-old civil war
    • Recover from natural disasters especially hurricanes, earthquakes and volcanic activity
    • High inequality and poverty
    • High dependence to remittances
    • High crime rates
    • Illiteracy and low levels of education
    • Inadequate and underdeveloped capital market

     Key Trade Issues 

    • Need to diversify the economy and trading partners
    • Need to enhance regional and international cooperation
    • Need of better infrastructure, particularly in the transportation, telecommunications, and electricity sectors
    • Need of rural development

     Government Priorities 

    • To continue liberalizing the trade regime
    • To implement financial services sector reform
    • To overhaul public finances
    • To simplify the tax structure, enhancing tax compliance and broadening the tax base
    • To improve the investment climate through procedural and regulatory simplification, and to conclude treaties to protect investment
    • To provide financial incentives for poor families to keep their children in school and get regular health check-ups
    • To enhance competitiveness and expand investment in the export and tourism sectors

     

    Trade and Tariff Graphs

    Graphs of the country’s export markets, its export performance in a key sector and tariffs exporters of a sample product face.
    Trademap sample Trademap sample: The map uses color codes to illustrate the relative size of different markets in the overall exports of the country shown in pink.
    Trademap sample Trademap sample: The vertical axis shows import values by key importing countries, while the horizontal axis shows export values by the country for the same sector. I.e. the country has gained market share in the case of an importing country at the bottom right of chart and lost market share for countries top left. The size of circles is proportional to market size.
    Market access map sample Market access map sample: The world map shows trade values and tariff levels for a key export product by importing countries. Color codes indicate protection levels. Red circles denote trade volumes.

    Trade and Investment Data

    Detailed data on the country’s export performance, key imports and foreign investment, grouped by product and service categories (HS and BOP).

    Trade Information Sources

    A listing of country specific print and online publications on trade related topics. Includes information from both ITC and external sources.

    Trade Contacts

    The most important trade contacts, including importers’ and exporters’ associations, trade support institutions, trade promotion organizations and institutions providing business development assistance.