Guatemala has a
population of 17.3 million in a land area of 42,042 square miles. In 2017 GDP was $76 billion with 2018 GDP
growth at 3.1% Per-capita GDP was $8,000 per year. GDP by sector was
agriculture 13.4%, industry 23.8% and services 62.7%. Labor force was 6.7
million. Unemployment was 2.9%.
Inflation was 4.55%. Poverty was
59%. Main industries include sugar, textiles, clothing, furniture, chemicals,
petroleum, metals, rubber and tourism.
Exports were $10
billion in coffee, sugar, petroleum, apparel, bananas, fruits, vegetables sold
to the US 39.2%, El Salvador 11.4%, Honduras 6.8%, Mexico 5.4%, Nicaragua 4%
Imports were $17.5
billion of fuels, machinery, transportation equipment, construction materials,
grain, fertilizers, electricity, minerals, chemicals and plastic sold to the US
38.4%, Mexico 11.9%, China 8.3%, El Salvador 5.1%, Colombia 4.2%
Government debt is $24
billion, Revenues $8.3 billion, Spending $9.6 billion. Economic aid $250
million.
Norb Leahy, Dunwoody
GA Tea Party Leader
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