mi,
New York, and San Francisco

Diplomatic representation from the US:
chief of mission: Ambassador John R. HAMILTON
embassy: 7-01 Avenida Reforma, Zone 10, Guatemala City
mailing address: APO AA 34024
telephone: [502] 2331-1541/55
FAX: [502] 2334-8477

Flag description:
three equal vertical bands of light blue (hoist side), white, and
light blue with the coat of arms centered in the white band; the
coat of arms includes a green and red quetzal (the national bird)
and a scroll bearing the inscription LIBERTAD 15 DE SEPTIEMBRE DE
1821 (the original date of independence from Spain) all superimposed
on a pair of crossed rifles and a pair of crossed swords and framed
by a wreath

Economy Guatemala

Economy - overview:
Guatemala is the largest and most populous of the Central American
countries with a GDP per capita roughly one-half that of Brazil,
Argentina, and Chile. The agricultural sector accounts for about
one-fourth of GDP, two-thirds of exports, and half of the labor
force. 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, but widespread political
violence and corruption scandals continue to dampen investor
confidence. The distribution of income remains highly unequal, with
perhaps 75% of the population below the poverty line. Other ongoing
challenges include increasing government revenues, negotiating
further assistance from international donors, upgrading both
government and private financial operations, curtailing drug
trafficking, and narrowing the trade deficit.

GDP (purchasing power parity):
$59.47 billion (2004 est.)

GDP - real growth rate:
2.6% (2004 est.)

GDP - per capita:
purchasing power parity - $4,200 (2004 est.)

GDP - composition by sector:
agriculture: 22.7%
industry: 19.5%
services: 57.9% (2004 est.)

Labor force:
3.68 million (2004 est.)

Labor force - by occupation:
agriculture 50%, industry 15%, services 35% (1999 est.)

Unemployment rate:
7.5% (2003 est.)

Population below poverty line:
75% (2004 est.)

Household income or consumption by percentage share:
lowest 10%: 1.6%
highest 10%: 46% (1998)

Distribution of family income - Gini index:
55.8 (1998)

Inflation rate (consumer prices):
7.2% (2004 est.)

Investment (gross fixed):
14.9% of GDP (2004 est.)