Guatemala GDP Trends from 1980 to 2024: A overall increase with some decline Flow

Guatemala's GDP changed from approximately $7B 718M in 1980 to $110B 35M in 2024, showing an overall 1325.7% sharply increased during the period.
The lowest GDP was recorded in 1986 at $5B 921M, and the highest in 2024 at $110B 35M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 6.2%.
For comparison, the average annual growth rate of Honduras was 5.2%, and that of Mexico was 4.9%.

Overview of Guatemala's GDP (1980–2024)

The Gross Domestic Product (GDP) of Guatemala recorded a 1325.7% sharply increased from 1980 to 2024.
The average GDP during this period was $34B 804M, and the median was $21B 924M.
GDP fluctuated within a range of $104B 114M, with a standard deviation of $29B 684M.
The average annual change was $2B 93M.


Guatemala GDP from 1980 to 2024

The total market value of goods and services produced annually in Guatemala.

Change Chart

    Highest and Lowest GDP Records

    • Lowest GDP: 1986, $5B 921M
    • Highest GDP: 2024, $110B 35M
    • Most Recent GDP: 2024, $110B 35M

    Notable Annual GDP Changes

    • 2022: Significant increase in GDP
    • 1986: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Guatemala's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $77B 156M → $77B 714M
    • Outcome: remained stable

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $35B 28M → $37B 997M
    • Outcome: increased

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $18B 124M → $19B 735M
    • Outcome: increased

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $16B 982M → $18B 461M
    • Outcome: increased

    Key Economic Indicators of Guatemala (1980–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 7B 718M
    $ 1,070.28
    $ 2,661.21
    $ 19B 190M
    3.7 %
    -2.116 %
    13.75 %
    0 %
    7M 211K people
    1981
    $ 8B 430M
    $ 1,140.21
    $ 2,859.05
    $ 21B 141M
    0.644 %
    -6.793 %
    10.39 %
    0 %
    7M 394K people
    1982
    $ 8B 539M
    $ 1,126.19
    $ 2,855.59
    $ 21B 652M
    -3.542 %
    -4.674 %
    9.48 %
    0 %
    7M 582K people
    1983
    $ 8B 864M
    $ 1,139.96
    $ 2,820.37
    $ 21B 931M
    -2.528 %
    -2.526 %
    8.95 %
    0 %
    7M 776K people
    1984
    $ 9B 276M
    $ 1,163.06
    $ 2,863.70
    $ 22B 839M
    0.51 %
    -4.069 %
    7.84 %
    0 %
    7M 975K people
    1985
    $ 10B 951M
    $ 1,338.72
    $ 2,863.06
    $ 23B 420M
    -0.6 %
    -2.249 %
    7.80 %
    0 %
    8M 180K people
    1986
    $ 5B 921M
    $ 705.75
    $ 2,850.55
    $ 23B 915M
    0.1 %
    -0.297 %
    9.35 %
    0 %
    8M 390K people
    1987
    $ 6B 857M
    $ 796.96
    $ 2,950.44
    $ 25B 385M
    3.579 %
    -6.453 %
    5.68 %
    0 %
    8M 604K people
    1988
    $ 7B 426M
    $ 841.77
    $ 3,095.03
    $ 27B 303M
    3.892 %
    -5.575 %
    7.14 %
    0 %
    8M 822K people
    1989
    $ 8B 561M
    $ 946.76
    $ 3,261.74
    $ 29B 492M
    3.943 %
    -4.288 %
    8.55 %
    0 %
    9M 42K people
    1990
    $ 7B 535M
    $ 813.35
    $ 3,405.18
    $ 31B 545M
    3.101 %
    -2.826 %
    12.14 %
    0 %
    9M 264K people
    1991
    $ 9B 174M
    $ 967.34
    $ 3,542.06
    $ 33B 590M
    3 %
    -2.002 %
    12.16 %
    0 %
    9M 483K people
    1992
    $ 10B 138M
    $ 1,044.29
    $ 3,701.50
    $ 35B 936M
    4.6 %
    -6.963 %
    11.39 %
    0 %
    9M 709K people
    1993
    $ 11B 45M
    $ 1,111.33
    $ 3,827.34
    $ 38B 39M
    3.4 %
    -6.353 %
    11.70 %
    0 %
    9M 939K people
    1994
    $ 12B 482M
    $ 1,227.02
    $ 3,952.97
    $ 40B 211M
    3.5 %
    -5.01 %
    10.98 %
    0 %
    10M 172K people
    1995
    $ 14B 50M
    $ 1,349.85
    $ 4,117.81
    $ 42B 860M
    4.4 %
    -4.071 %
    12.05 %
    0.531 %
    10M 408K people
    1996
    $ 14B 992M
    $ 1,408.11
    $ 4,214.18
    $ 44B 867M
    2.8 %
    -3.012 %
    11.34 %
    1.204 %
    10M 647K people
    1997
    $ 16B 982M
    $ 1,559.74
    $ 4,363.84
    $ 47B 512M
    4.1 %
    -3.73 %
    12.15 %
    -0.001 %
    10M 888K people
    1998
    $ 18B 461M
    $ 1,658.17
    $ 4,513.95
    $ 50B 256M
    4.6 %
    -5.629 %
    13.29 %
    -1.138 %
    11M 134K people
    1999
    $ 17B 422M
    $ 1,529.95
    $ 4,641.43
    $ 52B 853M
    3.7 %
    -5.889 %
    13.55 %
    -1.569 %
    11M 387K people