Trade in services in Guatemala
Guatemala: Trade in services was 9.8% in 2024. ▲ Rising
Trade in services in Guatemala, 1977–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, trade in services in Guatemala stood at 9.8%.
Compared with earlier readings it is up 3.0% on the previous year and down 10.2% over ten years.
Over the whole period, trade in services in Guatemala peaked at 12.8% in 2001 and was at its lowest, 2.9%, in 1985.
Guatemala ranks 162nd of 200 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 48 years of available data.
Trade in services in Guatemala, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1977 | 9.1% | — |
| 1978 | 9.0% | -1.8% |
| 1979 | 8.9% | -1.3% |
| 1980 | 8.9% | +0.1% |
| 1981 | 7.4% | -16.2% |
| 1982 | 5.2% | -30.6% |
| 1983 | 3.7% | -27.6% |
| 1984 | 3.6% | -3.5% |
| 1985 | 2.9% | -19.8% |
| 1986 | 4.1% | +40.5% |
| 1987 | 5.9% | +45.2% |
| 1988 | 6.6% | +11.1% |
| 1989 | 8.0% | +22.4% |
| 1990 | 9.7% | +20.6% |
| 1991 | 8.7% | -10.4% |
| 1992 | 10.9% | +25.9% |
| 1993 | 10.9% | +0.2% |
| 1994 | 10.3% | -5.4% |
| 1995 | 10.4% | +0.8% |
| 1996 | 8.9% | -14.6% |
| 1997 | 8.2% | -8.3% |
| 1998 | 8.9% | +8.5% |
| 1999 | 9.7% | +9.7% |
| 2000 | 10.2% | +5.4% |
| 2001 | 12.8% | +25.6% |
| 2002 | 12.5% | -2.6% |
| 2003 | 12.1% | -3.2% |
| 2004 | 10.4% | -14.4% |
| 2005 | 10.3% | -0.7% |
| 2006 | 11.1% | +7.7% |
| 2007 | 11.2% | +1.4% |
| 2008 | 12.1% | +7.9% |
| 2009 | 12.0% | -1.3% |
| 2010 | 12.0% | +0.1% |
| 2011 | 11.3% | -6.0% |
| 2012 | 11.4% | +1.5% |
| 2013 | 11.2% | -1.6% |
| 2014 | 10.9% | -2.9% |
| 2015 | 10.3% | -5.7% |
| 2016 | 10.0% | -2.9% |
| 2017 | 9.6% | -3.6% |
| 2018 | 9.9% | +2.5% |
| 2019 | 9.5% | -4.0% |
| 2020 | 7.0% | -26.6% |
| 2021 | 8.0% | +15.2% |
| 2022 | 9.7% | +20.8% |
| 2023 | 9.5% | -1.8% |
| 2024 | 9.8% | +3.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.0% | 8.9% | 9.1% | 3 |
| 1980s | 5.6% | 2.9% | 8.9% | 10 |
| 1990s | 9.7% | 8.2% | 10.9% | 10 |
| 2000s | 11.5% | 10.2% | 12.8% | 10 |
| 2010s | 10.6% | 9.5% | 12.0% | 10 |
| 2020s | 8.8% | 7.0% | 9.8% | 5 |
Countries ranked near Guatemala
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)
- Manufacturing, value added (current US$), per unit of GDP 0.1319 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 870.59 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 1.01 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 6,686 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0972 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 641.11 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 4,631 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 9.51 % change on previous year (2025)
Frequently asked questions
- What is trade in services in Guatemala?
- Trade in services in Guatemala was 9.8% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Guatemala?
- The highest recorded value was 12.8% in 2001.
- What is the lowest trade in services recorded in Guatemala?
- The lowest recorded value was 2.9% in 1985.
- How does Guatemala rank for trade in services?
- Guatemala ranks 162nd out of 200 countries with data for 2024.
- Is trade in services rising or falling in Guatemala?
- Over the last ten years it is down 10.2%. The long-run trend across the full record is rising.
- Where does this Guatemala data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Trade in services (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.