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Guatemala's Gross domestic product for 2000 was estimated at $19.0 billion, with real growth slowing to approximately 3.3%. After the signing of the final peace accord in December 1996, Guatemala was well-positioned for rapid economic growth over the next 10 years. Image File history File links Broom_icon. ... This article is about GDP in the context of economics. ... Year 1996 (MCMXCVI) was a leap year starting on Monday (link will display full 1996 Gregorian calendar). ...

Guatemala's economy is dominated by the private sector, which generates about 85% of GDP. Agriculture contributes 23% of GDP and accounts for 75% of exports. Most manufacturing is light assembly and food processing, geared to the domestic, U.S., and Central American markets. Over the past several years, tourism and exports of textiles, apparel, and nontraditional agricultural products such as winter vegetables, fruit, and cut flowers have boomed, while more traditional exports such as sugar, bananas, and coffee continue to represent a large share of the export market. For other uses of terms redirecting here, see US (disambiguation), USA (disambiguation), and United States (disambiguation) Motto In God We Trust(since 1956) (From Many, One; Latin, traditional) Anthem The Star-Spangled Banner Capital Washington, D.C. Largest city New York City National language English (de facto)1 Demonym American... For other uses, see Central America (disambiguation). ... For other uses, see Flower (disambiguation). ... This article is about sugar as food and as an important and widely traded commodity. ... This article or section does not cite its references or sources. ... For other uses, see Coffee (disambiguation). ...

The United States is the country's largest trading partner, providing 41% of Guatemala's imports and receiving 34% of its exports. The government sector is small and shrinking, with its business activities limited to public utilities--some of which have been privatized--ports and airports and several development-oriented financial institutions. Guatemala was certified to receive export trade benefits under the United States' Caribbean Basin Trade and Partnership Act (CBTPA) in October 2000, and enjoys access to U.S. Generalized System of Preferences (GSP) benefits. Due to concerns over serious worker rights protection issues, however, Guatemala's benefits under both the CBTPA and GSP are currently under review. This article does not adequately cite its references or sources. ... The Caribbean Basin Trade Partnership Act (CBTPA) is a law adopted by the U.S. Government in October 2000 to delineate enhanced trade preferences and eligibility requirements for the 24 beneficiary countries of the Caribbean Basin region. ... Year 2000 (MM) was a leap year starting on Saturday (link will display full 2000 Gregorian calendar). ... The Generalized System of Preferences (or GSP) is a formal system of exemption from the more general rules of the World Trade Organization (WTO) (formerly, the General Agreement on Tariffs and Trade or GATT). ...

Current economic priorities include:

• Liberalizing the trade regime;
• Financial services sector reform;
• Overhauling Guatemala's public finances;
• Simplifying the tax structure, enhancing tax compliance, and broadening the tax base.
• Improving the investment climate through procedural and regulatory simplification and adopting a goal of concluding treaties to protect investment and intellectual property rights.

Import tariffs have been lowered in conjunction with Guatemala's Central American neighbors so that most fall between 0% and 15%, with further reductions planned. Responding to Guatemala's changed political and economic policy environment, the international community has mobilized substantial resources to support the country's economic and social development objectives. The United States, along with other donor countries--especially France, Italy, Spain, Germany, Japan, and the international financial institutions--have increased development project financing. Donors' response to the need for international financial support funds for implementation of the Peace Accords is, however, contingent upon Guatemalan government reforms and counterpart financing. In general, liberalization refers to a relaxation of previous government restrictions, usually in areas of social or economic policy. ... “Taxes” redirects here. ... For the 2006 film, see Intellectual Property (film). ...

Problems hindering economic growth include high crime rates, illiteracy and low levels of education, and an inadequate and underdeveloped capital market. They also include lack of infrastructure, particularly in the transportation, telecommunications, and electricity sectors, although the state telephone company and electricity distribution were privatized in 1998. The distribution of income and wealth remains highly skewed. The wealthiest 10% of the population receives almost one-half of all income; the top 20% receives two-thirds of all income. As a result, approximately 80% of the population lives in poverty, and two-thirds of that number live in extreme poverty. Guatemala's social indicators, such as infant mortality and illiteracy, are among the worst in the hemisphere. The traditional definition of literacy is considered to be the ability to read and write, or the ability to use language to read, write, listen, and speak. ... Copy of the original phone of Alexander Graham Bell at the Musée des Arts et Métiers in Paris Telecommunication is the assisted transmission of signals over a distance for the purpose of communication. ... Year 1998 (MCMXCVIII) was a common year starting on Thursday (link will display full 1998 Gregorian calendar). ... A boy from an East Cipinang trash dump slum in Jakarta, Indonesia shows what he found. ...

In 2005 Guatemala ratified its signature to the Dominican Republic-Central America Free Trade Agreement (DR-CAFTA) between the United States of America and several other Central American countries. Presidents Francisco Flores Pérez (former), Ricardo Maduro, George W. Bush, Abel Pacheco (former), Enrique Bolaños and Alfonso Portillo (former) The Dominican Republic–Central America Free Trade Agreement, commonly called DR-CAFTA (pronounced Doctor Cafta), is a free trade agreement (legally a treaty under international law, but not under...

Statistics

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.)

Population below poverty line: 16% (2007 est.)

Household income or consumption by percentage share:
lowest 10%: 1.6%
highest 10%: 46% (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: 15.5% (2007 est.)

Agriculture - products: sugarcane, maize, bananas, coffee, beans, cardamom, cattle, sheep, pigs, chickens This article is about the maize plant. ... This article is about the herbs. ... For general information about the genus, including other species of cattle, see Bos. ... “Sheep” redirects here. ... For other uses, see Pig (disambiguation). ... This article or section does not adequately cite its references or sources. ...

Industries: sugar, textiles and clothing, furniture, chemicals, petroleum, metals, rubber, tourism For the UK band, see Furniture (band). ... Pumpjack pumping an oil well near Lubbock, Texas Ignacy Łukasiewicz - creator of the process of refining of kerosene from crude oil. ... This does not cite any references or sources. ... Tourist redirects here. ...

Electricity - production: 6,237 GWh (2001)

Electricity - production by source:
fossil fuel: 26.42%
hydro: 66.61%
nuclear: 0%
other: 6.97% (1998)

Electricity - consumption: 5,559 GWh (2001)

Electricity - exports: 336 GWh (2001)

Electricity - imports: 95 GWh (2001)

Oil - production: 21,080 barrel/day (2001 est.)

Oil - consumption: 61,000 barrel/day (2001 est.)

Oil - proved reserves: 263 million barrel (1 January 2002) is the 1st day of the year in the Gregorian calendar. ... Also see: 2002 (number). ...

Natural gas - proved reserves: 1.543 billion m³ (1 January 2002) is the 1st day of the year in the Gregorian calendar. ... Also see: 2002 (number). ...

Exports: $2.763 billion f.o.b. (2003 est.)

Exports - commodities: coffee, sugar, bananas, fruits and vegetables, cardamom, meat, apparel, petroleum, electricity Electricity (from New Latin Ä“lectricus, amberlike) is a general term for a variety of phenomena resulting from the presence and flow of electric charge. ...

Exports - partners: US 56.7%, El Salvador 10.8%, Nicaragua 3.6% (2003)

Imports: $4.5 billion (c.i.f., 1999)

Imports - commodities: fuels, machinery and transport equipment, construction materials, grain, fertilizers, electricity

Imports - partners: US 34.1%, Mexico 8.8%, South Korea 7.8%, El Salvador 6.4%, China 4.6% (2003)

Debt - external: $4.957 billion (2003 est.)

Economic aid - recipient: $250 million (2000 est.)

Currency: 1 quetzal (Q) = 100 centavos

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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Image File history File links Size of this preview: 800 × 370 pixelsFull resolution (1357 × 628 pixel, file size: 19 KB, MIME type: image/png)World map of World Trade Organization (WTO) members/non-members, 2005; based on Image:BlankMap-World-v2. ... Economy - overview: Antigua and Barbudas economy is service-based, with tourism and government services representing the key sources of employment and income. ... The Asian financial crisis in 1997 and 1998, coupled with fluctuations in the price of oil have created uncertainty and instability in Bruneis economy. ... Burkina Faso is one of the poorest countries in the world with an average income per capita of €250 (US$300). ... To meet Wikipedias quality standards, this article may require rewriting and/or reformatting. ... The economies of the special administrative regions of Hong Kong and Macau are separate from the rest of the Peoples Republic of China. ... 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Republic of China (ROC) has a dynamiccapitalist economy with gradually decreasing guidance of investment and foreign trade by the government. ... Trinidad and Tobago experienced a real growth rate of 3. ... // The United Arab Emirates has a highly industrialized economy that makes the country one the most developed in the world, based on various socioeconomic indicators such as GDP per capita, energy consumption per capita, and the HDI. At $168 billion in 2006, the GDP of the UAE ranks second in... The United States economy has the worlds largest gross domestic product (GDP), $13. ... All twenty-seven member states of the European Union are also members of the WTO in their own right: Austria • Belgium • Bulgaria • Cyprus • Czech Republic • Denmark • Estonia • Finland • France • Germany • Greece • Hungary • Ireland • Italy • Latvia • Lithuania • Luxembourg • Malta • Netherlands and Netherlands Antilles • Poland • Portugal • Romania • Slovakia • Slovenia • Spain • Sweden • United Kingdom. Special Administrative Region of the People's Republic of China. Designated name for the Republic of China.