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Guatemala Real GDP

Guatemala's real GDP rose to $83.99 billion in 2024, up from $81.03 billion in 2023, according to World Bank. This represents an increase of 3.7% ($2.96 billion) from the previous year and accounts for 0.09% of the world's total real GDP. Guatemala has real GDP higher than the global median ($83.99 billion vs median $29.34 billion). Compared with the median in Americas, Guatemala is higher ($83.99 billion vs regional median $22.14 billion) and ranks 12th out of 43 countries in Americas.

Guatemala's GDP per capita rose to $4,563.1 in 2024, up from $4,470.71 in 2023.

Yearly Historical Data (1960-2024)

(in Billion USD)
Year Real GDP (Billion USD)
2024 83.99
2023 81.03
2022 78.27
2021 75.12
2020 69.53
2019 70.79
2018 68.06
2017 65.82
2016 63.85
2015 62.19
2014 59.74
2013 57.2
2012 55.16
2011 53.57
2010 51.43
2009 49.98
2008 49.75
2007 48.16
2006 45.29
2005 42.99
2004 41.63
2003 40.36
2002 39.35
2001 37.9
2000 37.03
1999 35.74
1998 34.42
1997 32.78
1996 31.41
1995 30.51
1994 29.07
1993 27.94
1992 26.89
1991 25.65
1990 24.74
1989 24
1988 23.09
1987 22.22
1986 21.46
1985 21.43
1984 21.56
1983 21.46
1982 22.02
1981 22.83
1980 22.68
1979 21.86
1978 20.88
1977 19.88
1976 18.44
1975 17.17
1974 16.84
1973 15.84
1972 14.83
1971 13.82
1970 13.09
1969 12.38
1968 11.82
1967 10.87
1966 10.44
1965 9.89
1964 9.48
1963 9.06
1962 8.27
1961 7.99
1960 7.66
Guatemala Real GDP : Definition
Real GDP is defined as the value of all goods and services produced in Guatemala, measured in US dollars adjusted to 2015 prices. By fixing prices to a base year, it removes the effect of inflation, so this represents real GDP rather than nominal GDP.
Indicator Last Value Prior Value Period
GDP $113.2B $104.37B 2024
GDP Annual Growth Rate 3.65% 3.53% 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