Real gdp growth in Guatemala
Guatemala: Real gdp growth was 3.65 in 2024. ◆ Volatile
Real gdp growth in Guatemala, 1980–2024
Source: Our World in Data.
Analysis
Guatemala recorded 3.65 for real gdp growth in 2024.
The figure is up 3.4% on the previous year and down 17.8% over ten years.
Over the whole period, real gdp growth in Guatemala peaked at 8.04 in 2021 and was at its lowest, -3.54, in 1982.
Guatemala ranks 88th of 196 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Real gdp growth in Guatemala, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 3.7 | — |
| 1981 | 0.644 | -82.6% |
| 1982 | -3.54 | -650.0% |
| 1983 | -2.53 | -28.6% |
| 1984 | 0.51 | -120.2% |
| 1985 | -0.6 | -217.6% |
| 1986 | 0.1 | -116.7% |
| 1987 | 3.58 | +3479.0% |
| 1988 | 3.89 | +8.7% |
| 1989 | 3.94 | +1.3% |
| 1990 | 3.1 | -21.4% |
| 1991 | 3 | -3.3% |
| 1992 | 4.6 | +53.3% |
| 1993 | 3.4 | -26.1% |
| 1994 | 3.5 | +2.9% |
| 1995 | 4.4 | +25.7% |
| 1996 | 2.8 | -36.4% |
| 1997 | 4.1 | +46.4% |
| 1998 | 4.6 | +12.2% |
| 1999 | 3.7 | -19.6% |
| 2000 | 2.5 | -32.4% |
| 2001 | 3.1 | +24.2% |
| 2002 | 3.84 | +23.7% |
| 2003 | 2.56 | -33.3% |
| 2004 | 3.14 | +22.6% |
| 2005 | 3.28 | +4.4% |
| 2006 | 5.35 | +63.3% |
| 2007 | 6.34 | +18.4% |
| 2008 | 3.29 | -48.0% |
| 2009 | 0.477 | -85.5% |
| 2010 | 2.88 | +504.6% |
| 2011 | 4.16 | +44.4% |
| 2012 | 2.98 | -28.6% |
| 2013 | 3.69 | +24.2% |
| 2014 | 4.44 | +20.3% |
| 2015 | 4.09 | -7.9% |
| 2016 | 2.68 | -34.6% |
| 2017 | 3.08 | +15.0% |
| 2018 | 3.41 | +10.6% |
| 2019 | 4.02 | +17.9% |
| 2020 | -1.79 | -144.4% |
| 2021 | 8.04 | -550.3% |
| 2022 | 4.18 | -48.0% |
| 2023 | 3.53 | -15.6% |
| 2024 | 3.65 | +3.4% |
Guatemala compared with similar countries
- Guatemala's 3.65 is above the median for upper middle income countries, which is 3.49, 1.0× the median. (57 countries reporting)
- Guatemala's 3.65 is above the median for Latin America & Caribbean, which is 3.37, 1.1× the median. (34 countries reporting)
Biggest year-on-year movements
Years where Real gdp growth 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 |
|---|---|---|---|
| 1987 | +3479.0% | 0.1 | 3.58 |
| 1982 | -650.0% | 0.644 | -3.54 |
| 2021 | +550.3% | -1.79 | 8.04 |
| 2010 | +504.6% | 0.477 | 2.88 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.9698 | -3.54 | 3.94 | 10 |
| 1990s | 3.72 | 2.8 | 4.6 | 10 |
| 2000s | 3.39 | 0.477 | 6.34 | 10 |
| 2010s | 3.54 | 2.68 | 4.44 | 10 |
| 2020s | 3.53 | -1.79 | 8.04 | 5 |
Countries ranked near Guatemala
More economy & growth data for Guatemala
- Real gdp growth, annual growth rate 3.37 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 4.78 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0059 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 38.64 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.2199 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0043 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 28.22 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is real gdp growth in Guatemala?
- Real gdp growth in Guatemala was 3.65 in 2024, according to Our World in Data.
- What is the highest real gdp growth recorded in Guatemala?
- The highest recorded value was 8.04 in 2021.
- What is the lowest real gdp growth recorded in Guatemala?
- The lowest recorded value was -3.54 in 1982.
- How does Guatemala rank for real gdp growth?
- Guatemala ranks 88th out of 196 countries with data for 2024.
- Is real gdp growth rising or falling in Guatemala?
- Over the last ten years it is down 17.8%. The long-run trend across the full record is volatile.
- Where does this Guatemala data come from?
- The figures come from Our World in Data, published as part of Real gdp growth. Statizoid updates them automatically from the source API.
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