The global situation places Guatemala as a country with a strategic logistics platform to supply important markets in the region. The trade conflict between world powers and the arrival of COVID-19 accentuated the disruption in global supply chains, which meant a crisis of containers and congestion in major ports, positioning us as a country in a privileged plane.
We also have a very stable macroeconomy, which is reflected in these 9 characteristics:
- During 2020, the exchange rate remained stable at Q7.75 per dollar.
- 4 out of every 10 PRODUCTS manufactured in the Central American region are manufactured in GUATEMALA.
- Confidence in economic activity during 2021 reached 76 points, in the second year of the pandemic.
- We have the most competitive energy prices in the region, INDUSTRIAL CONSUMPTION – Large User > 100KW: US$ 0.085 kWh
- 75% of electricity was generated with renewable sources in 2020.
- By the end of 2021, GDP is expected to grow at 5.5%.
- During the first year of the COVID-19 pandemic, Guatemala ranked as the most resilient country in the Americas, with -1.5% in GDP.
- Guatemala has more than 30 trade and investment agreements, which open opportunities to important or other key markets around the world.
- The investment attraction strategy shares the country vision of President Alejandro Giammattei and has been consolidated in a public-private project called “Guatemala no se Detiene” (Guatemala does not stop).
“During 2021 we established a public-private work dynamic that was consolidated with the “Guatemala no se Detiene” project, through which we focused on strengthening the sectors in which we already have installed capacity and competitiveness; and attracting new investments by taking advantage of nearshoring in more sophisticated industries. This has allowed us to attract more than one billion dollars through October, generating more than 15 thousand new jobs for Guatemalans. Our advocacy will continue throughout the year, bringing first-hand information to potential investors who see the country as an opportunity to bring their products to important markets,” said the Presidential Commissioner for Competitiveness and Investment, Rolando Paiz.
Guatemala Moving Forwad a public-private strategy that encourages investment attraction and export growth