Guatemala Facts And Figures
Facts About Guatemala
| Population | 14,918,999 (July 2015 est.) |
| Gross Domestic Product (GDP) | $125.9 billion (2015 est.) |
| GDP Per Capita | $7,700 (2015 est.) |
| Inflation Rate | 2.4% (2015 est.) |
| Currency | Quetzal |
| Exchange Rate Versus U.S. Dollar | 7.64 quetzales (GTQ) to 1 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 | 2.918 million (2015) |
| 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 Jimmy Ernesto Morales Cabrera (Since January 2016) |
| 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 | http://www.avianca.com/ |