Currently, Guatemala is the third largest exporter of sugar worldwide and the second in Latin America. Sugar agribusiness is one of the main engines of the economy in the country and there are many advantages that the production of this product has brought in the region. Economic benefit of sugar agribusiness According to the Bank …
Category Archives: Business
Cornfield importance in Guatemala
The cornfield, besides being a flower, is an agroecosystem. This means that it is an ecosystem that produces other seeds and its maintenance has been the source of work for farmers. As if that were not enough, the seeds given have been the basis of the Guatemalan diet and economy. Its benefits in the country …
Guatemala’s agriculture impact
Agriculture provides the mainstay of Guatemala’s economy, contributing 25% of GDP, employing over half the labour force and providing ⅔ of exports, mostly coffee, sugar, bananas and beef. Guatemala’s 3 main foods are maize, beans and rice. However, national production covers only 60% of demand, and many poor families face seasonal food shortages. “We fill …
Education problems in Guatemala
For years in Guatemala there has been an educational crisis, not only due to the lack of teachers but also due to the lack of furniture, facilities, and budget to manage school expenses in the different schools of the country. In the last school years, more than a million primary school students left the classrooms. …
Latin American restaurant chains
With Latin America’s growing appetite for U.S.-based fast food restaurant chains, it is not unusual to see establishments such as McDonald’s, Pizza Hut and KFC thriving in these countries. What we don’t see as much is Latin American restaurant chains succeeding in the US. There are some chains that have made the leap in recent …
Extreme poverty in Guatemala on the rise
The economic and health crisis caused by the pandemic coupled with the impacts of natural disasters in the interior of the country left millions in losses and increased extreme poverty in 2020 more than in 2014, this according to estimates by the Economic Commission for America America and the Caribbean (ECLAC). The general secretariat of …
How to maintain profitable growth?
Seasoned entrepreneurs and executives constantly push to maximize or maintain profitable growth in value, in any economy. These strategies help you take advantage of up cycles, weather recessions, and achieve your growth and value goals. The economy is relatively healthy, but history has taught us that profitable growth cycles don’t last forever. Knowing that there …
The art of innovating to drive profitable growth
The main challenge of every director or manager, responsible for a business or a business line, is to guarantee sustained and sustainable growth. The great challenge is to achieve this, understanding that there are no magic formulas but more than one route to follow. We must always remember that the client must be the center …
Continue reading “The art of innovating to drive profitable growth”
Guatemala’s economic situation 2021
Guatemala’s economic freedom score is 64.0, making its economy the 75th freest in the 2021 Index. The overall score is unchanged, with an improvement in the tax burden score offset by declines in international trade freedom and other scores. Guatemala ranks 15th out of 32 countries in the Americas region, and its overall score is …
PROFITABLE growth is everyone’s business
Businesses, administrations and projects have changed and it is no longer just the fact of conditioning the garages of the houses, putting a curtain and raising it so that all the neighbors, friends and passers-by enter your business. Today the behavior of people has changed and they are looking for comfort, many people do not …