Finance of Guatemala

The minimum monthly wage in Guatemala is 253 USD. Guatemala has a government debt of 28.8% of the country's Gross Domestic Product (GDP), as assessed in 2014. With regard to consumer prices, the inflation rate in Guatemala is 4.4%. The currency of Guatemala is Guatemalan quetzal. There are several plural forms of the name 'Guatemalan quetzal'. These are quetzals, quetzales. The symbol used for this currency is Q, and it is abbreviated as GTQ. The Guatemalan quetzal is divided into centavo; there are 100 in one quetzal. Each year, consumers spend around $31,776 million. The ratio of consumer spending to GDP in Guatemala is 0.06%, and the ratio of consumer spending to the world consumer market is 9.16%. The corporate tax in Guatemala is set at 25%. Personal income tax ranges from 5% to 7%, depending on your specific situation and income level. VAT in Guatemala is 12%. In 2013, Guatemala received 299.4 million USD in foreign aid.In 2014, the foreign aid amounted to 387.9 USD.

Gross Domestic Product

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Guatemala is $119,811 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Guatemala was last recorded at $6,947,440. PPP in Guatemala is considered to be very good when compared to other countries. Very good PPP indicates that citizens in this country find it easy to purchase local goods. Local goods can include food, shleter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with very good PPP are safe locations for investments. The total Gross Domestic Product (GDP) in Guatemala is 53,797 billion. Based on this statistic, Guatemala is considered to have a medium economy. Countries with medium economies support an average number of industries and opportunities for investment. It should not be too difficult to find worthwhile investment opportunities in medium economies. The Gross Domestic Product (GDP) per capita in Guatemala was last recorded at $3,119,508. The average citizen in Guatemala has very high wealth. Countries with very high wealth per capita have an extended life expectancy and very high standard of living. Highly skilled workers can be found in many industries, and labor is very expensive in these countries. Countries with very high wealth offer opportunities for safe investments, as they are often supported by a diverse and thriving financial sector. GDP Annual Growth Rate in Guatemala averaged 3.4% in 2014. According to this percentage, Guatemala is currently experiencing modest growth. Countries that are experiencing modest growth offer safe opportunities for investment; their expanding economy indicates that businesses, jobs, and income will expand accordingly.