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Guatemala Facts And Figures

The hillside of Lake Atitlan, Guatemala

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/

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