Source: world bank Nominal/PPP
Summary:
Guatemala GDP Per Capita expanded from 1960 to 2024, increasing from $1.04 to $113.20 .The compound annual growth rate (CAGR) averaged 7.6% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 27.16%, indicating the largest cyclical decline from peak levels. The country experienced 5 recession episode(s) during the observed period.
Guatemala Economic Phases (1960 - 2024)
From 1960 to 2024, Guatemala economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1962–1963) indicating robust economic expansion
- Expansion (1964–1967) indicating steady moderate growth
- High Growth (1968–1970) indicating robust economic expansion
- High Growth (1972–1981) indicating robust economic expansion
- Expansion (1982–1985) indicating steady moderate growth
- High Growth (1988–1989) indicating robust economic expansion
- High Growth (1991–1998) indicating robust economic expansion
- High Growth (2002–2008) indicating robust economic expansion
- High Growth (2010–2017) indicating robust economic expansion
- High Growth (2021–2024) indicating robust economic expansion
The most remarkable growth occurred in 1977 with an increase of 25.547%, while the largest decline was in 1986 at -25.61%.