The agricultural sector accounts for one-fourth of
GDP, two-thirds of exports, and half of the labor force. Coffee,
sugar, and bananas are the main products. Manufacturing and
construction account for one-fifth of GDP. Since assuming office in
January 1996, former President ARZU worked to implement a program of
economic liberalization and political modernization. The signing of
the peace accords in December 1996, which ended 36 years of civil war,
removed a major obstacle to foreign investment. In 1998, Hurricane
Mitch caused relatively little damage to Guatemala compared to its
neighbors. Remaining challenges include beefing up government
revenues, negotiating further assistance from international donors,
and increasing the efficiency and openness of both government and
private financial operations. Growth should remain at the same level
in 2000 provided world agricultural prices do not plunge.

purchasing power parity - $47.9 billion (1999 est.)

3.5% (1999 est.)

purchasing power parity - $3,900 (1999 est.)

agriculture: 23%
industry: 20%
services: 57% (1999 est.)

75%

lowest 10%: 0.6%
highest 10%: 46.6% (1989)

6.8% (1999 est.)

3.32 million (1997 est.)

agriculture 50%, industry 15%, services
35% (1999 est.)

7.5% (1999 est.)

revenues: $NA
expenditures: $NA, including capital expenditures of $NA

sugar, textiles and clothing, furniture, chemicals,
petroleum, metals, rubber, tourism

NA%

3.085 billion kWh (1998)

fossil fuel: 26.42%
hydro: 66.61%
nuclear: 0%
other: 6.97% (1998)

2.914 billion kWh (1998)

6 million kWh (1998)

51 million kWh (1998)

sugarcane, corn, bananas, coffee, beans,
cardamom; cattle, sheep, pigs, chickens

$2.4 billion (f.o.b., 1999)

coffee, sugar, bananas, fruits and vegetables,
meat, apparel, petroleum, electricity

US 48%, El Salvador 10%, Honduras 6%, Germany 5%,
Costa Rica 4% (1997)

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

fuels, machinery and transport equipment,
construction materials, grain, fertilizers, electricity

US 46%, Mexico 13%, El Salvador 5%, Venezuela 5%,
Japan 4% (1997)

$4.4 billion (1998 est.)

$212 million (1995)

1 quetzal (Q) = 100 centavos

quetzales (Q) per US$1 - 7.8829 (January 2000), 7.3856
(1999), 6.3947 (1998), 6.0653 (1997), 6.0495 (1996), 5.8103 (1995)

calendar year