Population
16,582,469 (2016 estimate)

Gross Domestic Product
$138.987 billion (2017 estimate)

Inflation Rate
5.68% (December 2017)

Currency
Guatemalan Quetzal (GTQ)

Calling Country Code
+502

Time Zone
UTC – 6:00 (Central Standard Time)

Gautemala City (Capital)

Guatemala, officially the Republic of Guatemala (República de Guatemala), is a country in Central America bordered by Mexico to the north and west, the Pacific Ocean to the southwest, Belize to the northeast, the Caribbean to the east, Honduras to the east and El Salvador to the southeast. With an estimated population of around 16.6 million, it is the most populated state in Central America. The country is a representative democracy; its capital and largest city is Nueva Guatemala de la Asunción, also known as Guatemala City.

Some of its main exports are fruits, vegetables, flowers, handicrafts, cloths and others. In the face of a rising demand for biofuels, the country is growing and exporting an increasing amount of raw materials for biofuel production, especially sugar cane and palm oil. The government is considering ways to legalize poppy and marijuana production, hoping to tax production and use tax revenues to fund drug prevention programs and other social projects.

The service sector is the largest component of GDP at 63%, followed by the industry sector at 23.8% and the agriculture sector at 13.2% (2010 est.). Mines produce gold, silver, zinc, cobalt and nickel. The agricultural sector accounts for about two-fifths of exports, and half of the labor force. Organic coffee, sugar, textiles, fresh vegetables, and bananas are the country’s main exports.