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Guatemala

Contacts

Consulate Information
Mynor Joel Aguirre Medina
Consul General of Guatemala in Vancouver
1188 W. Georgia Street, Suite 1270
Vancouver – BC – V6E 4A2 – Canada
Telephone: 604-412-2401
consvancouver@minex.gob.gt

Commercial Counsellor at the Embassy of Guatemala in Canada
Diego Meneses Zamora
130 Albert Street, Suite 1010
Ottawa (Ontario) K1P 5G4
Telephone: (613) 233-7188
dmeneses@minex.gob.gt

Fact Sheet

Guatemala is located in the centre of the American continent, bordering Mexico to the North-West, Honduras and El Salvador to the South-East. It has coastlines on the Pacific Ocean and the Caribbean Sea, with active port access on both coasts. Aside from its strategic location, Guatemala is an attractive trade partner for a number of reasons, including its stable economy and business environment.

Its economy is characterized by low inflation and growth volatility rates, with a large pool of workers and a currency (Quetzal) that has historically been stable. Guatemala is rich in natural resources and it was the first coffee producing country to establish a denomination of origin system. With more than 360 microclimates, Guatemala is ranked as a megadiverse country. Foreign investment is welcomed and it has implemented systems to expedite export procedures and import requirements. Guatemala’s industrialization process creates opportunities for high-value-added goods, such as machinery and equipment, consumer goods, and food products. Spanish, being the official language, is one of the 23 languages spoken in the country, amongst them: K’iche, Kakchikel, Q’ekchi, Mam, Garifuna as well as Xinka. English is spoken as business language.

Guatemala: Investment

Your investment destination: Guatemala
Foreign Direct Investment National Strategy
Infrastructure market in Guatemala

Guatemala: Economic Analysis

Guatemala is poised for an economic take off, with projections showing moderate but steady growth around 3.5% due to a combination of stable macroeconomic policies, increased investment in infrastructure, and a gradual improvement in business climate. Main industries in Guatemala include production of coffee, textiles, paper industries, petroleum, pharmaceutical products, and rubber processing. The service sector represents the largest share of GDP (62%) and employs 51% of the population. Key sectors include tourism, health care, customer service, financial services, banking institutions, hospitality, communications, and retail. Guatemala has the second-largest banking sector in Central America.

Resources:

More information:

  • Economic Profile by the Ministry of Economy
  • Commercial Counsellor at the Embassy of Guatemala in Canada: dmeneses@minex.gob.gt

Guatemala: Tourism

Sources of General Economic Information: