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Guatemala GDP Annual Growth Rate

Guatemala's GDP annual growth rate rose to 3.65% in 2024, up from 3.53% in 2023, according to World Bank. This represents an increase of 0.12% from the previous year. Guatemala has GDP annual growth rate higher than the global median (3.65% vs median 3.24%). Compared with the median in Americas, Guatemala is higher (3.65% vs regional median 3.27%) and ranks 16th out of 44 countries in Americas.

Guatemala's real GDP rose to $83.99 billion in 2024, up from $81.03 billion in 2023.

Yearly Historical Data (1961-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 3.65%
2023 3.53%
2022 4.18%
2021 8.04%
2020 -1.79%
2019 4.02%
2018 3.41%
2017 3.08%
2016 2.68%
2015 4.09%
2014 4.44%
2013 3.69%
2012 2.97%
2011 4.16%
2010 2.88%
2009 0.48%
2008 3.29%
2007 6.34%
2006 5.35%
2005 3.28%
2004 3.14%
2003 2.56%
2002 3.84%
2001 2.33%
2000 3.61%
1999 3.85%
1998 4.99%
1997 4.36%
1996 2.96%
1995 4.95%
1994 4.03%
1993 3.93%
1992 4.84%
1991 3.66%
1990 3.1%
1989 3.94%
1988 3.89%
1987 3.54%
1986 0.14%
1985 -0.61%
1984 0.5%
1983 -2.57%
1982 -3.53%
1981 0.65%
1980 3.76%
1979 4.71%
1978 5%
1977 7.81%
1976 7.39%
1975 1.95%
1974 6.38%
1973 6.78%
1972 7.33%
1971 5.58%
1970 5.71%
1969 4.74%
1968 8.77%
1967 4.11%
1966 5.51%
1965 4.36%
1964 4.63%
1963 9.54%
1962 3.54%
1961 4.3%
Guatemala GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Guatemala's total economic output.
Indicator Last Value Prior Value Period
GDP $113.2B $104.37B 2024
GDP per Capita $4,563.1 $4,470.71 2024
GDP per Capita PPP $12,640.89 $12,384.95 2024
R&D Expenditure (% GDP) 0.06% 0.05% 2021
Real GDP $83.99B $81.03B 2024