Guatemala has made significant progress in achieving economic stability after decades of civil war but the country still struggles with high levels of poverty and inequality. Economic growth averaged 4.2 percent between 2004-2007; however, the global financial downturn reduced that growth to only 0.6 percent in 2009 (World Bank). A series of natural disasters in 2010 caused additional economic hardship when the country suffered losses totaling approximately 4.1 percent of the nation’s GDP.
- 16,34353,796,709,475 $3,590 $1,147,500,000 $1.80 %3.27 %192.8359.29 %
- 2,41930.40 %13.00 %32.00