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- (-) January 2023
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The Guatemalan economy relies on foreign exchange generated by remittances, international trade, and the tourism sector. Guatemala represents a growing market for U.S. companies and is a country with relative economic stability. U.S. exports of agricultural products to Guatemala in 2021 increased 28 percent from year 2020, reaching $1.6 billion.
The COVID-19 pandemic affected the retail industry in Guatemala. Although supermarkets remained open during the crisis, the sanitary measures dictated by the government greatly impacted supermarket sales. Walmart Mexico and Central America is the...