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Guatemala Economy
GDP:
purchasing power parity - $56.5 billion (2003 est.)
GDP - real growth rate:
2.1% (2003 est.)
GDP - per capita:
purchasing power parity - $4,100 (2003 est.)
GDP - composition by sector:
agriculture: 22.5%
industry: 18.9%
services: 58.5% (2003 est.)
Investment (gross fixed):
15.2% of GDP (2003)
Population below poverty line:
75% (2002 est.)
Household income or consumption by percentage share:
lowest 10%: 1.6%
highest 10%: 46% (1998)
Distribution of family income - Gini index:
55.8 (1998)
Inflation rate (consumer prices):
5.5% (2003 est.)
Labor force:
3.84 million (2003 est.)
Labor force - by occupation:
agriculture 50%, industry 15%, services 35% (1999 est.)
Unemployment rate:
7.5% (2003 est.)
Budget:
revenues: $2.741 billion
expenditures: $3.316 billion, including capital expenditures of $750 million (2003 est.)
Public debt:
30.8% of GDP (2003)
Industries:
sugar, textiles and clothing, furniture, chemicals, petroleum, metals, rubber, tourism
Industrial production growth rate:
4.1% (1999)
Electricity - production:
6.237 billion kWh (2001)
Electricity - production by source:
fossil fuel: 51.9%
hydro: 35.2%
other: 12.9% (2001)
nuclear: 0%
Electricity - consumption:
5.559 billion kWh (2001)
Electricity - exports:
336 million kWh (2001)
Electricity - imports:
95 million kWh (2001)
Oil - production:
21,080 bbl/day (2001 est.)
Oil - consumption:
61,000 bbl/day (2001 est.)
Oil - exports:
NA (2001)
Oil - imports:
NA (2001)
Oil - proved reserves:
263 million bbl (1 January 2002)
Natural gas - proved reserves:
1.543 billion cu m (1 January 2002)
Agriculture - products:
sugarcane, corn, bananas, coffee, beans, cardamom; cattle, sheep, pigs, chickens
Current account balance:
$-1.106 billion (2003)
Exports:
$2.763 billion f.o.b. (2003 est.)
Exports - commodities:
coffee, sugar, bananas, fruits and vegetables, cardamom, meat, apparel, petroleum, electricity
Exports - partners:
US 55.5%, El Salvador 10.5%, Nicaragua 3.5% (2003 est.)
Imports:
$5.749 billion f.o.b. (2003 est.)
Imports - commodities:
fuels, machinery and transport equipment, construction materials, grain, fertilizers, electricity
Imports - partners:
US 33.3%, South Korea 8.9%, Mexico 8.7%, El Salvador 6.2%, China 4.5% (2003 est.)
Reserves of foreign exchange & gold:
$2.843 billion (2003)
Debt - external:
$4.957 billion (2003 est.)
Economic aid - recipient:
$250 million (2000 est.)
Currency:
quetzal (GTQ), US dollar (USD), others allowed
Currency code:
GTQ; USD
Exchange rates:
quetzales per US dollar - 7.9409 (2003), 7.8216 (2002), 7.8586 (2001), 7.7632 (2000), 7.3856 (1999)
Fiscal year:
calendar year
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