Global Government Tenders

Most trusted source for Tendering Opportunities and Business Intelligence since 2002

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"

Global Tenders has one of the largest database of international and national tenders/competitive bids, procurement news, project information, contract awards, related to Guatemala from all over the world..

This section contains economy and business opportunities and from Guatemala.
Guatemala Economy Guatemalan Economy, business opportunities in Guatemala.
Summary:
Form A-01 Siaf No. 1948-2024 Igss Code 177 Clostridio Peptidase A + Chloranphenicol Ointment 60 Units + 1 G, Tube 15 Grams. Amparo No. 01200-2016-00064.
Country:
Guatemala
 
Notice Type:
Tender Notice
Deadline:
10 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Form A-01 Siaf No. 1950-2024 Igss Code: 1962 Ciprofloxacin Plus Fluocinolone, Otic Solution 3Mg/Ml - 0.25Mg/Ml Droper Bottle 10 Ml Amparo 01200-2016-00064.
Country:
Guatemala
 
Notice Type:
Tender Notice
Deadline:
10 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Event 431/2024 Conventional Skull Or Brain Magnetic Resonance With Or Without Gadolinium. Igss Code: 233010 Ppr Code: 56885-67405
Country:
Guatemala
 
Notice Type:
Tender Notice
Deadline:
10 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Event 432/2024 Gastroenterology Videoesophagogastroduodenoscopy Procedure For Pediatric Patients Igss Code: 330270 Ppr Code: 68514-82025.
Country:
Guatemala
 
Notice Type:
Tender Notice
Deadline:
10 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Acquisition Of Liposomal Amphotericin B, For The Zacapa Regional Hospital.
Country:
Guatemala
 
Notice Type:
Tender Notice
Deadline:
10 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
8902 Stabilized Femoral Component
8904 Tibial Component
8905 Stabilized Tibial Insert
8907 Patellar Component
Pre-187
Country:
Guatemala
 
Notice Type:
Tender Notice
Deadline:
10 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
210 Digoxin Tablet 0.25 Mg. Igss 602 Code
Country:
Guatemala
 
Notice Type:
Tender Notice
Deadline:
10 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Acquisition Of Procalcitonin For The National Hospital Of Coatepeque
Country:
Guatemala
 
Notice Type:
Tender Notice
Deadline:
10 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Acquisition Of Tires For The Vehicle Fleet Of The Southern Regional Management.
Country:
Guatemala
 
Notice Type:
Tender Notice
Deadline:
10 Apr 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Acquisition And Installation Of Firewall Equipment For Swift System Security
Country:
Guatemala
 
Notice Type:
Tender Notice
Deadline:
10 Apr 2024
Posting Date:
27 Mar 2024