Guatemala belongs to the Western Civilization - Hispanic American Economic Area.
Guatemalan Economy.
Guatemala has an excellent strategic position and has substantial preferential market access
Macroeconomics stability of Guatemala enabled a 0.6% economic growth, positioning Guatemala as one of the few countries with positive economic growth
in the global financial crisis
With a GDP of 38,139 million dollars, representing 33% of the total GDP of Central America
Such economic growth continues based on a Government policy to promote the development;
an approach that has fostered the simultaneous endeavors of the public and private sectors, facilitating the economic boom and access to the key global markets
Guatemala serves as the axis of Mesoamerica, a region with high potential due to fifty urban centers conforming the region, twenty-five of which are situated in Central America with a population of 68 million people and an economy of 154 billion dollars
Guatemala is experiencing an strong growth in outsourcing industry and is fully exploiting its new position as a destination for call centers and business process outsourcing (BPO)
Guatemalan currency: Quetzal
International Trade of Guatemala.
Guatemala is becoming one of the main emerging markets within the region:
Guatemala has a strategic geographical location; Guatemala is an ideal hub for largest regional and international markets
Guatemala has advantaged market access to both the Atlantic and Pacific Oceans, facilitating
international trade with Asia, North America, and Europe, through the modern seaports
Total exports (FOB) of the Republic of Guatemala: 808 million dollars
Total value of the Guatemalan imports: 934 million dollars
The Tax Authority is the responsible body for
managing the customs system of Guatemala
in Guatemala, there are over thirteen operational zones, as well as industrial parks located in strategic areas in Guatemala
Guatemala is the world's fifth largest sugar exporter (the second in Hispanic America)
The main international partners of Guatemala are the Central American Countries, the United States, Mexico, the Caribbean, the South American region, and the EU
Guatemala has several Free Trade Agreements (United States, Taiwan, Mexico, Central America)
in force
One of the objectives of Guatemala is to promote the free establishment of companies in Guatemala
Guatemala offers an excellent option as a Foreign direct investment (FDI) destination
The legal framework does not show
favoritism between foreign investment and local investments with freedom to move capitals and repatriate dividends
The Government is committed to instituting transparency and legal certainty, understanding that such are a preference in attracting the foreign direct investment
Invest in Guatemala is the Investment Promotion Agency of Guatemala, created in 1997 with support from the Government and private sector of Guatemala