CFI Data on Guatemala
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The light green area is part of Belize, but disputed by Guatemala
Guatemala's main industry is agriculture. Exports are mainly sugar cane, African palm and maize for biofuel production, but also increasingly fruit, vegetables and coffee. Tourism is becoming a major industry, and with good reason. As well as unspoilt Caribbean beaches, visitors are treated to ancient ruins of the Mayan civilisation, and the more recent ruins of Spanish colonisation. The SICA customs union and free trade agreements, as well as business legislation promoting privatisation over monopolies, have helped to attract foreign investment. FDI is rising, especially in sectors such as food, telecommunications, tourism and consumer goods.
Trade agreement information for Guatemala
Does Guatemala belong to any economic unions or free trade areas?
Member of the Central America Integration System (SICA) since 13/12/1991
Other members:
Belize, Costa Rica, Dominican Republic, El Salvador, Honduras, Nicaragua, Panama
Which trade deals does Guatemala have through its membership of the SICA?
EU - Central America Association Agreement (from 01/08/2013)
What bilateral trade deals are there between Guatemala and other countries and economic unions?
Guatemala - Chinese Taipei free trade agreement (from 01/07/2006)
Colombia - Northern Triangle free trade agreement (from 12/11/2009)
Chile - Guatemala free trade agreement (from 23/03/2010)
Mexico - Central America free trade agreement (from 01/09/2012)
EFTA - Central America Free Trade Agreement (from 05/09/2014)
UK - Central America association agreement (from 01/01/2021)
Implementation dates might vary according to the date of the United Kindom's exit from the European UnionTrade between Guatemala and the United Kingdom
Source: UK Office for National Statistics, October 2019.
Contains public sector information licensed under the Open Government Licence v3.0.
Its population in 2018 was 17,245,346 [1]
In 2015, 63.65% of its total energy
consumption was renewable [2]
In 2018, its GDP grew by 3.15% [2]
In 2018 it had a positive Current
Account Balance of US$bn0.75 [3]
Its Expenditure on R&D (as a percentage of
GDP) in 2015 was 0.03% [2]
A Big Mac will set you back the
local equivalent of US$3.23 [4]
Data sources