Economic Environment

Guatemala is the largest economy in Central America, representing about one third of the population and one quarter of the GDP of the Central American Common Market (CACM). Its per capita GDP was USt$2,532 in 2007. The real annual rate of growth of GDP was 3.4 per cent during the period 2001-2006, rising to 5.7 per cent in 2007.
However, a slowdown was expected in 2008 because of diminished growth in the United States, Guatemala’s main trading partner and the source of the bulk of remittances entering the country. In the long term, Guatemala still faces major challenges in achieving income growth and sustainable poverty reduction.

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