Gross domestic product (GDP) in Guatemala
Guatemala: Gross domestic product (GDP) was 221.29 billion international-$ in 2021 prices in 2023. ◆ Volatile
Latest (2023)
221.29 billion international-$ in 2021 prices
Change on year
up 4.3%
World rank
72nd
of 184 countries
All-time high
221.29 billion international-$ in 2021 prices
in 2023
All-time low
7.91 billion international-$ in 2021 prices
in 1950
Years of data
74
1950–2023
Gross domestic product (GDP) in Guatemala, 1950–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
Guatemala recorded 221.29 billion international-$ in 2021 prices for gross domestic product (gdp) in 2023. That is the highest value across all 74 years on record.
Compared with earlier readings it is up 4.3% on the previous year and up 69.3% over ten years.
Over the whole period, gross domestic product (gdp) in Guatemala peaked at 221.29 billion international-$ in 2021 prices in 2023 and was at its lowest, 7.91 billion international-$ in 2021 prices, in 1950.
That places Guatemala 72nd out of 184 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP) in Guatemala, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1950 | 7.91 billion international-$ in 2021 prices | — |
| 1951 | 8.05 billion international-$ in 2021 prices | +1.8% |
| 1952 | 8.28 billion international-$ in 2021 prices | +2.8% |
| 1953 | 8.56 billion international-$ in 2021 prices | +3.5% |
| 1954 | 8.73 billion international-$ in 2021 prices | +2.0% |
| 1955 | 8.78 billion international-$ in 2021 prices | +0.6% |
| 1956 | 9.39 billion international-$ in 2021 prices | +6.9% |
| 1957 | 9.90 billion international-$ in 2021 prices | +5.3% |
| 1958 | 10.44 billion international-$ in 2021 prices | +5.5% |
| 1959 | 11.09 billion international-$ in 2021 prices | +6.3% |
| 1960 | 11.37 billion international-$ in 2021 prices | +2.5% |
| 1961 | 11.97 billion international-$ in 2021 prices | +5.3% |
| 1962 | 12.37 billion international-$ in 2021 prices | +3.3% |
| 1963 | 13.17 billion international-$ in 2021 prices | +6.5% |
| 1964 | 13.67 billion international-$ in 2021 prices | +3.8% |
| 1965 | 14.16 billion international-$ in 2021 prices | +3.6% |
| 1966 | 14.95 billion international-$ in 2021 prices | +5.6% |
| 1967 | 15.53 billion international-$ in 2021 prices | +3.9% |
| 1968 | 16.70 billion international-$ in 2021 prices | +7.5% |
| 1969 | 17.69 billion international-$ in 2021 prices | +6.0% |
| 1970 | 18.77 billion international-$ in 2021 prices | +6.1% |
| 1971 | 19.66 billion international-$ in 2021 prices | +4.7% |
| 1972 | 21.18 billion international-$ in 2021 prices | +7.7% |
| 1973 | 22.50 billion international-$ in 2021 prices | +6.2% |
| 1974 | 23.57 billion international-$ in 2021 prices | +4.8% |
| 1975 | 24.33 billion international-$ in 2021 prices | +3.2% |
| 1976 | 25.51 billion international-$ in 2021 prices | +4.8% |
| 1977 | 27.63 billion international-$ in 2021 prices | +8.3% |
| 1978 | 28.92 billion international-$ in 2021 prices | +4.7% |
| 1979 | 30.69 billion international-$ in 2021 prices | +6.1% |
| 1980 | 32.20 billion international-$ in 2021 prices | +4.9% |
| 1981 | 33.36 billion international-$ in 2021 prices | +3.6% |
| 1982 | 32.82 billion international-$ in 2021 prices | -1.6% |
| 1983 | 32.82 billion international-$ in 2021 prices | -0.0% |
| 1984 | 33.45 billion international-$ in 2021 prices | +1.9% |
| 1985 | 32.59 billion international-$ in 2021 prices | -2.6% |
| 1986 | 34.19 billion international-$ in 2021 prices | +4.9% |
| 1987 | 35.39 billion international-$ in 2021 prices | +3.5% |
| 1988 | 35.58 billion international-$ in 2021 prices | +0.5% |
| 1989 | 38.58 billion international-$ in 2021 prices | +8.4% |
| 1990 | 40.66 billion international-$ in 2021 prices | +5.4% |
| 1991 | 43.40 billion international-$ in 2021 prices | +6.7% |
| 1992 | 45.11 billion international-$ in 2021 prices | +4.0% |
| 1993 | 48.00 billion international-$ in 2021 prices | +6.4% |
| 1994 | 50.23 billion international-$ in 2021 prices | +4.7% |
| 1995 | 53.74 billion international-$ in 2021 prices | +7.0% |
| 1996 | 55.23 billion international-$ in 2021 prices | +2.8% |
| 1997 | 58.40 billion international-$ in 2021 prices | +5.7% |
| 1998 | 61.93 billion international-$ in 2021 prices | +6.0% |
| 1999 | 65.41 billion international-$ in 2021 prices | +5.6% |
| 2000 | 69.06 billion international-$ in 2021 prices | +5.6% |
| 2001 | 73.28 billion international-$ in 2021 prices | +6.1% |
| 2002 | 76.20 billion international-$ in 2021 prices | +4.0% |
| 2003 | 79.12 billion international-$ in 2021 prices | +3.8% |
| 2004 | 82.54 billion international-$ in 2021 prices | +4.3% |
| 2005 | 86.68 billion international-$ in 2021 prices | +5.0% |
| 2006 | 91.90 billion international-$ in 2021 prices | +6.0% |
| 2007 | 98.41 billion international-$ in 2021 prices | +7.1% |
| 2008 | 103.23 billion international-$ in 2021 prices | +4.9% |
| 2009 | 106.04 billion international-$ in 2021 prices | +2.7% |
| 2010 | 111.86 billion international-$ in 2021 prices | +5.5% |
| 2011 | 120.42 billion international-$ in 2021 prices | +7.7% |
| 2012 | 126.67 billion international-$ in 2021 prices | +5.2% |
| 2013 | 130.67 billion international-$ in 2021 prices | +3.2% |
| 2014 | 141.03 billion international-$ in 2021 prices | +7.9% |
| 2015 | 149.17 billion international-$ in 2021 prices | +5.8% |
| 2016 | 158.40 billion international-$ in 2021 prices | +6.2% |
| 2017 | 170.06 billion international-$ in 2021 prices | +7.4% |
| 2018 | 171.90 billion international-$ in 2021 prices | +1.1% |
| 2019 | 180.35 billion international-$ in 2021 prices | +4.9% |
| 2020 | 180.04 billion international-$ in 2021 prices | -0.2% |
| 2021 | 204.56 billion international-$ in 2021 prices | +13.6% |
| 2022 | 212.21 billion international-$ in 2021 prices | +3.7% |
| 2023 | 221.29 billion international-$ in 2021 prices | +4.3% |
Guatemala compared with similar countries
- Guatemala's 221.29 billion international-$ in 2021 prices is above the median for upper middle income countries, which is 148.60 billion international-$ in 2021 prices, 1.5× the median. (51 countries reporting)
- Guatemala's 221.29 billion international-$ in 2021 prices is above the median for Latin America & Caribbean, which is 42.33 billion international-$ in 2021 prices, 5.2× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 9.11 billion international-$ in 2021 prices | 7.91 billion international-$ in 2021 prices | 11.09 billion international-$ in 2021 prices | 10 |
| 1960s | 14.16 billion international-$ in 2021 prices | 11.37 billion international-$ in 2021 prices | 17.69 billion international-$ in 2021 prices | 10 |
| 1970s | 24.28 billion international-$ in 2021 prices | 18.77 billion international-$ in 2021 prices | 30.69 billion international-$ in 2021 prices | 10 |
| 1980s | 34.10 billion international-$ in 2021 prices | 32.20 billion international-$ in 2021 prices | 38.58 billion international-$ in 2021 prices | 10 |
| 1990s | 52.21 billion international-$ in 2021 prices | 40.66 billion international-$ in 2021 prices | 65.41 billion international-$ in 2021 prices | 10 |
| 2000s | 86.65 billion international-$ in 2021 prices | 69.06 billion international-$ in 2021 prices | 106.04 billion international-$ in 2021 prices | 10 |
| 2010s | 146.05 billion international-$ in 2021 prices | 111.86 billion international-$ in 2021 prices | 180.35 billion international-$ in 2021 prices | 10 |
| 2020s | 204.52 billion international-$ in 2021 prices | 180.04 billion international-$ in 2021 prices | 221.29 billion international-$ in 2021 prices | 4 |
Countries ranked near Guatemala
- 69 New Zealand 243.95 billion international-$ in 2021 prices compare
- 70 Tanzania 230.60 billion international-$ in 2021 prices compare
- 71 Angola 227.17 billion international-$ in 2021 prices compare
- 73 Oman 220.51 billion international-$ in 2021 prices compare
- 74 Ghana 214.89 billion international-$ in 2021 prices compare
- 75 Azerbaijan 210.94 billion international-$ in 2021 prices compare
More economy & growth data for Guatemala
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.43 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.86 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 865.22 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0076 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 47.01 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.85 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 11.98 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0163 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 100.4 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 34.17 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Guatemala?
- Gross domestic product (gdp) in Guatemala was 221.29 billion international-$ in 2021 prices in 2023, according to Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Guatemala?
- The highest recorded value was 221.29 billion international-$ in 2021 prices in 2023.
- What is the lowest gross domestic product (gdp) recorded in Guatemala?
- The lowest recorded value was 7.91 billion international-$ in 2021 prices in 1950.
- How does Guatemala rank for gross domestic product (gdp)?
- Guatemala ranks 72nd out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Guatemala?
- Over the last ten years it is up 69.3%. The long-run trend across the full record is volatile.
- Where does this Guatemala data come from?
- The figures come from Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
Download this data
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About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.