urth and fifth consecutive years of mild growth. In 1992
growth picked up to almost 5% as government policies favoring
competition and foreign trade and investment took stronger hold. In
1993-94, despite political unrest, this momentum continued, foreign
investment held up, and annual growth averaged 4%. Strong
international prices for Guatemala's traditional commodity exports
featured 4.9% growth in 1995. Given the markedly uneven distribution
of land and income, the government faces major obstacles in its
program of economic modernization and the reduction of poverty.

GDP: purchasing power parity - $36.7 billion (1995 est.)

GDP real growth rate: 4.9% (1995 est.)

GDP per capita: $3,300 (1995 est.)

GDP composition by sector:
agriculture: 25%
industry: 20%
services: 55%

Inflation rate (consumer prices): 9% (1995 est.)

Labor force: 3.2 million (1994 est.)
by occupation: agriculture 60%, services 13%, manufacturing 12%,
commerce 7%, construction 4%, transport 3%, utilities 0.7%, mining
0.3% (1985)

Unemployment rate: 4.9%; underemployment 30%-40% (1994 est.)

Budget:
revenues: $1.6 billion
expenditures: $1.88 billion, including capital expenditures of $570
million (1996 est.)

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

Industrial production growth rate: NA%

Electricity:
capacity: 700,000 kW
production: 2.3 billion kWh
consumption per capita: 211 kWh (1993)

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

Illicit drugs: transit country for cocaine shipments; illicit
producer of opium poppy and cannabis for the international drug
trade; the government has an active eradication program for cannabis
and opium poppy

Exports: $2.3 billion (f.o.b., 1995 est.)
commodities: coffee, sugar, bananas, cardamom, beef
partners: US 30%, El Salvador, Costa Rica, Germany, Honduras

Imports: $2.85 billion (c.i.f., 1995 est.)
commodities: fuel and petroleum products, machinery, grain,
fertilizers, motor vehicles
partners: US 44%, Mexico, Venezuela, Japan, Germany

External debt: $3.1 billion (1995 est.)

Economic aid:
recipient: ODA, $84 million (1993)

Currency: 1 quetzal (Q) = 100 centavos

Exchange rates: free market quetzales (Q) per US$1 - 5.9346
(December 1995), 5.8103 (1995), 5.7512 (1994), 5,6354 (1993), 5.1706
(1992), 5.0289