Gross domestic product (GDP), annual growth rate in Guatemala
Guatemala: Gross domestic product (GDP), annual growth rate was 4.28 % change on previous year in 2023. ◆ Volatile
Latest (2023)
4.28 % change on previous year
Change on year
up 14.3%
World rank
58th
of 184 countries
All-time high
13.62 % change on previous year
in 2021
All-time low
-2.57 % change on previous year
in 1985
Years of data
73
1951–2023
Gross domestic product (GDP), annual growth rate in Guatemala, 1951–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Guatemala recorded 4.28 % change on previous year for gross domestic product (gdp), annual growth rate in 2023.
The figure is up 14.3% on the previous year and up 35.5% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Guatemala peaked at 13.62 % change on previous year in 2021 and was at its lowest, -2.57 % change on previous year, in 1985.
That places Guatemala 58th 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), annual growth rate in Guatemala, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1951 | 1.82 % change on previous year | — |
| 1952 | 2.78 % change on previous year | +53.3% |
| 1953 | 3.47 % change on previous year | +24.6% |
| 1954 | 1.96 % change on previous year | -43.5% |
| 1955 | 0.6149 % change on previous year | -68.6% |
| 1956 | 6.94 % change on previous year | +1028.8% |
| 1957 | 5.34 % change on previous year | -23.0% |
| 1958 | 5.49 % change on previous year | +2.8% |
| 1959 | 6.27 % change on previous year | +14.1% |
| 1960 | 2.46 % change on previous year | -60.8% |
| 1961 | 5.27 % change on previous year | +114.2% |
| 1962 | 3.35 % change on previous year | -36.5% |
| 1963 | 6.49 % change on previous year | +94.0% |
| 1964 | 3.77 % change on previous year | -41.9% |
| 1965 | 3.59 % change on previous year | -4.7% |
| 1966 | 5.57 % change on previous year | +54.9% |
| 1967 | 3.88 % change on previous year | -30.3% |
| 1968 | 7.53 % change on previous year | +94.0% |
| 1969 | 5.97 % change on previous year | -20.8% |
| 1970 | 6.1 % change on previous year | +2.2% |
| 1971 | 4.74 % change on previous year | -22.2% |
| 1972 | 7.73 % change on previous year | +63.0% |
| 1973 | 6.21 % change on previous year | -19.7% |
| 1974 | 4.79 % change on previous year | -22.8% |
| 1975 | 3.21 % change on previous year | -32.9% |
| 1976 | 4.84 % change on previous year | +50.4% |
| 1977 | 8.29 % change on previous year | +71.5% |
| 1978 | 4.7 % change on previous year | -43.4% |
| 1979 | 6.11 % change on previous year | +30.2% |
| 1980 | 4.91 % change on previous year | -19.6% |
| 1981 | 3.61 % change on previous year | -26.5% |
| 1982 | -1.61 % change on previous year | -144.6% |
| 1983 | -0.0131 % change on previous year | -99.2% |
| 1984 | 1.91 % change on previous year | -14706.6% |
| 1985 | -2.57 % change on previous year | -234.4% |
| 1986 | 4.91 % change on previous year | -291.1% |
| 1987 | 3.51 % change on previous year | -28.6% |
| 1988 | 0.5312 % change on previous year | -84.9% |
| 1989 | 8.44 % change on previous year | +1488.7% |
| 1990 | 5.4 % change on previous year | -36.0% |
| 1991 | 6.72 % change on previous year | +24.3% |
| 1992 | 3.95 % change on previous year | -41.2% |
| 1993 | 6.41 % change on previous year | +62.1% |
| 1994 | 4.65 % change on previous year | -27.4% |
| 1995 | 6.98 % change on previous year | +50.0% |
| 1996 | 2.78 % change on previous year | -60.1% |
| 1997 | 5.73 % change on previous year | +106.1% |
| 1998 | 6.05 % change on previous year | +5.5% |
| 1999 | 5.61 % change on previous year | -7.2% |
| 2000 | 5.58 % change on previous year | -0.5% |
| 2001 | 6.11 % change on previous year | +9.5% |
| 2002 | 3.99 % change on previous year | -34.7% |
| 2003 | 3.82 % change on previous year | -4.2% |
| 2004 | 4.32 % change on previous year | +13.1% |
| 2005 | 5.02 % change on previous year | +16.1% |
| 2006 | 6.02 % change on previous year | +20.0% |
| 2007 | 7.08 % change on previous year | +17.6% |
| 2008 | 4.9 % change on previous year | -30.9% |
| 2009 | 2.72 % change on previous year | -44.4% |
| 2010 | 5.49 % change on previous year | +101.4% |
| 2011 | 7.66 % change on previous year | +39.6% |
| 2012 | 5.19 % change on previous year | -32.2% |
| 2013 | 3.16 % change on previous year | -39.2% |
| 2014 | 7.92 % change on previous year | +150.9% |
| 2015 | 5.77 % change on previous year | -27.1% |
| 2016 | 6.19 % change on previous year | +7.2% |
| 2017 | 7.36 % change on previous year | +18.9% |
| 2018 | 1.08 % change on previous year | -85.3% |
| 2019 | 4.92 % change on previous year | +353.1% |
| 2020 | -0.1752 % change on previous year | -103.6% |
| 2021 | 13.62 % change on previous year | -7872.2% |
| 2022 | 3.74 % change on previous year | -72.5% |
| 2023 | 4.28 % change on previous year | +14.3% |
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate in Guatemala changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1984 | +14706.6% | -0.0131 % change on previous year | 1.91 % change on previous year |
| 2021 | +7872.2% | -0.1752 % change on previous year | 13.62 % change on previous year |
| 1989 | +1488.7% | 0.5312 % change on previous year | 8.44 % change on previous year |
| 1956 | +1028.8% | 0.6149 % change on previous year | 6.94 % change on previous year |
| 2019 | +353.1% | 1.08 % change on previous year | 4.92 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 3.85 % change on previous year | 0.6149 % change on previous year | 6.94 % change on previous year | 9 |
| 1960s | 4.79 % change on previous year | 2.46 % change on previous year | 7.53 % change on previous year | 10 |
| 1970s | 5.67 % change on previous year | 3.21 % change on previous year | 8.29 % change on previous year | 10 |
| 1980s | 2.36 % change on previous year | -2.57 % change on previous year | 8.44 % change on previous year | 10 |
| 1990s | 5.43 % change on previous year | 2.78 % change on previous year | 6.98 % change on previous year | 10 |
| 2000s | 4.96 % change on previous year | 2.72 % change on previous year | 7.08 % change on previous year | 10 |
| 2010s | 5.47 % change on previous year | 1.08 % change on previous year | 7.92 % change on previous year | 10 |
| 2020s | 5.37 % change on previous year | -0.1752 % change on previous year | 13.62 % change on previous year | 4 |
Countries ranked near Guatemala
- 55 Malaysia 4.56 % change on previous year compare
- 56 Sierra Leone 4.33 % change on previous year compare
- 57 Indonesia 4.29 % change on previous year compare
- 59 Senegal 4.2 % change on previous year compare
- 60 Israel 4.03 % change on previous year compare
- 61 Cyprus 4 % change on previous year 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), annual growth rate in Guatemala?
- Gross domestic product (gdp), annual growth rate in Guatemala was 4.28 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Guatemala?
- The highest recorded value was 13.62 % change on previous year in 2021.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Guatemala?
- The lowest recorded value was -2.57 % change on previous year in 1985.
- How does Guatemala rank for gross domestic product (gdp), annual growth rate?
- Guatemala ranks 58th out of 184 countries with data for 2023.
- Is gross domestic product (gdp), annual growth rate rising or falling in Guatemala?
- Over the last ten years it is up 35.5%. The long-run trend across the full record is volatile.
- Where does this Guatemala data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 73 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.