| Population |
13,824,463 (July 2011 est.) |
| Gross Domestic Product (GDP) |
$70.15 billion (2010 est.) |
| GDP Per Capita |
$5,200 (2010 est.) |
| Inflation Rate |
3.9% (2010 est.) |
| Currency |
Quetzal |
| Exchange Rate Versus U.S. Dollar |
7.78 quetzales (GTQ) per US dollar - |
| Language |
Spanish (official) 60%, Amerindian languages 40% note note: there are 23 officially recognized Amerindian languages, including Quiche, Cakchiquel, Kekchi, Mam, Garifuna, and Xinca |
| Capital |
Guatemala City |
| Population of Capital City |
1.075 million (2009) |
| Time Zone |
GMT -6 hours |
| Seasons |
Summer (march-april) and Rainy season (may-oct), Winter (Nov-feb), The weather in Guatemala City is also very windy; this may decrease the apparent temperature even more. Hottest month is April. |
| International Dialing Code |
502 |
| Electricity |
110/220 V |
| System of Government |
constitutional democratic republic |
| Name and Party Affiliation of Current Leader |
President Gral. Otto Perez Molina (since 14 January 2012) |
| Income Tax Rate for Residents |
15%-31% |
| Property Tax |
Progressive rates up to 0.9% |
| Capital Gains Tax |
Capital gains earned by nonresidents are subject to a flat 31% |
| Inheritance Tax |
Inheritance and gift taxes are levied at progressive rates, from 1% to 25%. |
| Rental Income Tax |
Inheritance and gift taxes are levied at progressive rates, from 1% to 25%. |
| Transfer Tax |
12% (IVA) of the value of the property |
| Sales Tax |
12% |
| Restrictions on Foreign Ownership of Property |
No |
| Local Chamber of Commerce |
http://www.negociosenguatemala.com/ |
| American Chamber of Commerce |
http://www.amchamguate.com/ |
| Primary Exports |
coffee, sugar, petroleum, apparel, bananas, fruits and vegetables, cardamom |
| Residency and Visa Requirements |
Not all foreigners need visas to enter the country North American and European citizens need only their valid passport, and will be granted 90 days permission in the country. |
| Special Benefits for Foreign Residents or Retirees |
Retirement program |
| National Airline |
www.taca.com |
