Source: world bank Nominal/PPP
Summary:
Guatemala GDP Per Capita expanded from 1960 to 2024, increasing from $256.81 to $6,150.03 .The compound annual growth rate (CAGR) averaged 5.09% 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 31.7%, indicating the largest cyclical decline from peak levels. The country experienced 8 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.
- Expansion (1961–1962) indicating steady moderate growth
- Contraction (1964–1965) indicating temporary slowdown
- Expansion (1966–1967) indicating steady moderate growth
- Expansion (1971–1972) indicating steady moderate growth
- High Growth (1973–1981) indicating robust economic expansion
- Expansion (1983–1984) indicating steady moderate growth
- High Growth (1991–1995) indicating robust economic expansion
- High Growth (1997–1998) indicating robust economic expansion
- High Growth (2004–2008) indicating robust economic expansion
- High Growth (2010–2011) indicating robust economic expansion
- Expansion (2012–2013) indicating steady moderate growth
- High Growth (2014–2015) indicating robust economic expansion
- Expansion (2018–2019) indicating steady moderate growth
- High Growth (2021–2024) indicating robust economic expansion
The most remarkable growth occurred in 1977 with an increase of 22.819%, while the largest decline was in 1986 at -27.648%.