Guatemala

Last modification: 1 May 18
Introduction: 

Guatemala is composed of 22 departments. They are 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, and Zacapa.

The vast majority of the populace resides in the southern half of the country, particularly in the mountainous regions; more than half of the population lives in rural areas.

Chapter 1: Economic and business environment

Demographics

15.5 million people (July 2017 est.)

Guatemala is a predominantly poor country with a large indigenous population which is disproportionately affected. It is the most populous country in Central America and has the highest fertility rate in Latin America.

It also has the highest population growth rate in Latin America, which is likely to continue because of its large reproductive-age population and high birth rate. Almost half of Guatemala's population is under age 19, making it the youngest population in Latin America.

 

Capital

Guatemala City (population of 942,348 in 2002)

Major cities

1. Guatemala City (942,349 in 2010)
2. Mixco (384,428 in 2002)
3. Villa Nueva (301,947 in 2002)
4. Quatzaltenango (120,496 in 2002)

5. San Miguel Petapa (94,228 in 2002)

Languages

Spanish (official) 68.9%, Maya languages 30.9%

GDP

US$70.8 billion (2017 est.)

Unemployment rate

2.4% (2016 est.)

Main industries

sugar, textiles and clothing, furniture, chemicals, petroleum, metals, rubber, tourism

Agriculture
sugarcane, corn, bananas, coffee, beans, cardamom; cattle, sheep, pigs, chickens

Currency

 Guatemalan Quetzal (GTQ)

Interest rate

Central Bank discount rate
7.53% (31 December 2015 est.)

Inflation

4.4% (2017 est.)

Chapter 4: Taxation & legislation

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Chapter 5: Car policies

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Chapter 6: Funding methods

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Chapter 7: Fuel

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Chapter 8 : TCO components

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Chapter 9: Safety, insurance and telematics

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Chapter 10: Environment

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Chapter 11: Mobility

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Chapter 12: Key trends to watch

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