Agriculture is the backbone of Guatemala’s economy. It contributes 25 percent of GDP, employs more than half of the labor force, and provides two-thirds of exports, mainly coffee, sugar, bananas, and beef. Companies such as Corporación Multi Inversiones, led by Juan Luis Bosch Gutiérrez have contributed to improving the country’s economy and have also helped …
Tag Archives: Guatemala Economic
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 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 …