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Guatemala: GDP (constant 2015 US$)

In , Guatemala's GDP (constant 2015 US$) was $83.99 billion.

That's up 3.7% from 2023, the highest value on record.

The global average for this indicator in 2024 was $497.78 billion . Guatemala ranks #69 globally out of 192 reporting countries. Within Latin America & Caribbean, it ranks #10 of 38.

Source: World Bank Open Data (NY.GDP.MKTP.KD) • Data as of 2024

Trend (2005–2024)

Guatemala GDP (constant 2015 US$) trend 2008: Global financial crisis 2020: COVID-19 pandemic 2014: Oil price collapse 2022: Russia–Ukraine war begins
  • 2008 · Global financial crisis
  • 2020 · COVID-19 pandemic
  • 2014 · Oil price collapse
  • 2022 · Russia–Ukraine war begins

Highlights

Peak
$83.99B
Trough
$42.99B
1-year change
+3.7%
5-year change
+18.6%
+3.5% / yr
10-year change
+40.6%
+3.5% / yr

Historical Data — Last 10 Years

Year GDP (constant 2015 US$)
83.990B
81.031B
78.266B
75.122B
69.531B
70.795B
68.060B
65.818B
63.851B
62.186B

About GDP (constant 2015 US$)

Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.

Indicator code: NY.GDP.MKTP.KD • Category: Economy

How to read GDP figures: GDP (Gross Domestic Product) is measured in current US dollars, which means values change both due to real economic growth and currency fluctuations. A more useful comparison across countries is GDP per capita, which divides GDP by population. For growth trends, check GDP growth (annual %).

Frequently asked questions

What was Guatemala's GDP (constant 2015 US$) in 2024?
In 2024, Guatemala's GDP (constant 2015 US$) was $83.99 billion, according to World Bank Open Data.
Is Guatemala's GDP (constant 2015 US$) rising or falling?
Guatemala's GDP (constant 2015 US$) rose 3.7% from 2023 to 2024.
How does Guatemala rank globally on GDP (constant 2015 US$)?
In 2024, Guatemala ranked #69 out of 192 countries reporting GDP (constant 2015 US$).
How does Guatemala's GDP (constant 2015 US$) compare to the world average?
The global average for GDP (constant 2015 US$) in 2024 was $497.78 billion, so Guatemala is below the world average. Within Latin America & Caribbean, it ranks #10 of 38.
What is GDP (constant 2015 US$) and how is it measured?
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.
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Source: World Bank Open Data (NY.GDP.MKTP.KD), CC BY 4.0.