Guatemala is a multicultural country. During the 20th century it had different military and civilian governments and experienced a guerrilla conflict for 36 years. In 1996 the government signed a peace agreement and the country has managed to achieve macroeconomic and political stability. Guatemala is the biggest economy in Central America, however it is also the most populous with a GDP per capita roughly the middle of the Latin American average. It faces development challenges such as ensuring revenues to finance public spending on education, health and infrastructure. Also, Guatemala needs to foster inclusive growth and address social inequalities.
In 2014, ITC signed a Memorandum of Understanding with the Secretaría de integración económica centroamericana (SIECA) to support Central America economic development and regional integration. In this context, over the next 3 years ITC work in Central America will mainly focus on regional initiatives that address cross-cutting issues including trade information and market intelligence, regional branding and women economic empowerment. ITC is also partnering with the Inter-American Development Bank (IDB) to strengthen Trade Promotion Organizations on results-based-management.
Notes: Top 20 products listed in decreasing order of their export potential to the world. Development indicators are relative to the country’s current situation, green indicating performance above its trade-weighted median and red otherwise. A blank cell indicates that data are not available. A blank cell in export potential means that the product was not consistently demanded over five years by any country in the respective region. Exports (US$ thousand) correspond to average exports to the world over the period 2009-2013.