With access to primary markets in the world, and complemented by access to the Pacific and Atlantic oceans, Guatemala has a comparative advantage over other countries in the region due to its strategic location, making it a natural bridge between the Americas.
Because of its natural wealth, it offers varied investment opportunities, especially in economic sectors such as apparel and textiles, agro-industry, tourism, manufacturing, call centres and business process outsourcing, natural resources, energy, mines, and infrastructure, among others. Importantly, macroeconomic stability makes Guatemala attractive to investors, being also the largest economic market in Central America, with a GDP of US$53.9 billion (according to the International Monetary Fund), representing 27.04% of the total GDP for Central America, including Belize and Panama.
With the lowest volatility in GDP growth in Latin America, economic growth has been constant and stable. In addition, the country has the highest levels of reserves in the region – US$7.2 billion in 2013 – and one of the lowest fiscal deficits in Latin America – 2.2% estimated for 2013 – the lowest external debt – 13.2% of GDP in 2013 – and the best record of payments.
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Salvador Saravia Mendoza is a partner of Saravia & Muñoz in Guatemala. He can be contacted at +502 2333 6576/77 or by email at sasaraviam@saraviamunoz.com
