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Economy of Guatemala and business opportunities

Economy of Guatemala

Guatemala is the most populous of the Central American countries with a GDP per capita roughly one-third that of Brazil's. Coffee, sugar, and bananas are the main products. The 1996 signing of peace accords, which ended 36 years of civil war, removed a major obstacle to foreign investment, and Guatemala since then has pursued important reforms and macroeconomic stabilization. On 1 July 2006, the Central American Free Trade Agreement (CAFTA) entered into force between the US and Guatemala and has since spurred increased investment in the export sector. The distribution of income remains highly unequal with 12% of the population living below the international poverty line. Given Guatemala's large expatriate community in the United States, it is the top remittance recipient in Central America, with inflows serving as a primary source of foreign income equivalent to nearly two-thirds of exports.

Guatemala's Gross domestic product for 1990 was estimated at $19.1 billion, with real growth slowing to approximately 3.3%. Ten years later in 2000 it rose by 1 to 4% and in 2010 it decreased back to 3% (World Bank). After the signing of the final peace accord in December 1996, Guatemala was well-positioned for rapid economic growth over the next 10 years.

Guatemala's economy is dominated by the private sector, which generates about 85% of GDP. Most manufacturing is light assembly and food processing, geared to the domestic, U.S., and Central American markets.

The United States is the country's largest trading partner, providing 36% of Guatemala's imports and receiving 40% 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.

Agriculture

Guatemala is the world leader in Cardamom production and export. As of 2013, demand for biofuels has resulted in diversion of land from subsistence agriculture to sugar caneand African Palm plantations. Much of the land is owned by large landlords. Due to legal requirements for production of biofuels in the United States the price of maize, a Guatemalan staple, has risen sharply.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Economy Of Guatemala"

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This section contains economy and business opportunities and from Guatemala.
Guatemala Economy Guatemalan Economy, business opportunities in Guatemala.
Summary:
Contracting Of Room And Food Rental Services For The Unops Guatemala Office Under Long Term Agreements (Lta) Open New Window
Country:
Guatemala
 
Notice Type:
Tender Notice
Deadline:
24 May 2024
Posting Date:
04 May 2024
 
 
 
Summary:
Rfi - Genexus Licenses And Related Services For The Guatemalan Social Security Institute - Igss Open New Window
Country:
Guatemala
 
Notice Type:
Tender Notice
Deadline:
22 May 2024
Posting Date:
04 May 2024
 
 
 
Summary:
Rfi 3254 Heavy Machinery Services Open New Window
Country:
Guatemala
 
Notice Type:
Tender Notice
Deadline:
20 May 2024
Posting Date:
04 May 2024
 
 
 
Summary:
Ci 3248/24 Mayan Youth Participation Strategy In Alta Verapaz And Quiche Open New Window
Country:
Guatemala
 
Notice Type:
Tender Notice
Deadline:
17 May 2024
Posting Date:
04 May 2024
 
 
 
Summary:
Extension Of The Central Headquarters Building Of The Public Ministry, Barrio Gerona Zone 1, Guatemala, Guatemala"
Country:
Guatemala
 
Notice Type:
Tender Notice
Deadline:
25 Jun 2024
Posting Date:
03 May 2024
 
 
 
Summary:
Acquisition Of Medical Equipment Of Different Specialties For Hospital Care (Group 2) Under Long Term Agreements (Lta)Open New Window
Country:
Guatemala
 
Notice Type:
Tender Notice
Deadline:
06 Jun 2024
Posting Date:
03 May 2024
 
 
 
Summary:
Vehicle Rental Services For Guatemala City
Country:
Guatemala
 
Notice Type:
Tender Notice
Deadline:
24 May 2024
Posting Date:
02 May 2024
 
 
 
Summary:
Bid/Build Services For Mri Ibi Containers For Mic Project U.S. Embassy Guatemala
Country:
Guatemala
 
Notice Type:
Tender Notice
Deadline:
15 May 2024
Posting Date:
27 Apr 2024
 
 
 
Summary:
Event 519/2024 Nuclear Medicine Diagnosis Nuclear Medicine Services Of Integrated Tomography By Single Photon Emission Of Nuclear Fusion (Spect-Ct Nuclear Fusion) Functional Renal Igss Code: 290770 Ppr Code: 69542-83069
Country:
Guatemala
 
Notice Type:
Tender Notice
Deadline:
08 May 2024
Posting Date:
24 Apr 2024
 
 
 
Summary:
Supply Of 2,550 Gallons Of Regular Gasoline, For The Operation Of The Xetulul Amusement Park
Country:
Guatemala
 
Notice Type:
Tender Notice
Deadline:
08 May 2024
Posting Date:
24 Apr 2024
 
 
 

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