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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |
