Browse Data and Analysis

Guatemala ranked as the #16 largest U.S. agricultural export market despite a nine percent decline, mainly due to lower imports of bulk commodities in 2023, reaching $1.6 million. It's crucial to remember that Guatemala, relying on foreign exchange by international trade, remittances, and tourism, is the largest economy in Central America, with an estimated gross domestic product (GDP) of $102.8 billion, a 19-million-person market, and relative economic stability.

The economy relies on foreign exchange generated by international trade, remittances, and the tourism sector.

In November, two category four hurricanes made landfall in Central America. Both reached Guatemala as tropical depressions and had a severe impact on agricultural production.