BIDeconomics Guatemala: Landscape of Opportunities
Peer Reviewed
Date issued
Sep 2023
Subject
Investment;
Indigenous People;
Economic Development;
Education;
Gross Domestic Product;
Women;
Public Investment;
Economy;
Private Investment;
BIDeconomics;
Inclusive Growth;
Labor;
Sustainable Development;
Social Protection;
Rural Area
JEL code
A10 - General Economics: General;
F63 - Economic Development;
H11 - Structure, Scope, and Performance of Government;
H20 - Taxation, Subsidies, and Revenue: General;
H30 - Fiscal Policies and Behavior of Economic Agents: General;
H50 - National Government Expenditures and Related Policies: General;
H60 - National Budget, Deficit, and Debt: General;
H70 - State and Local Government • Intergovernmental Relations: General;
I18 - Government Policy • Regulation • Public Health;
I28 - Government Policy;
I38 - Government Policy • Provision and Effects of Welfare Programs;
J10 - Demographic Economics: General;
J20 - Demand and Supply of Labor: General;
J38 - Public Policy;
J68 - Public Policy;
K30 - Other Substantive Areas of Law: General;
O10 - Economic Development: General;
Q10 - Agriculture: General;
Q50 - Environmental Economics: General;
R10 - General Regional Economics: General;
R40 - Transportation Economics: General;
R50 - Regional Government Analysis: General
Country
Guatemala
IDB series
BIDeconomics
Category
Monographs
Guatemala has not succeeded in attracting sufficient investment to promote a more prosperous and inclusive society, despite having abundant resources and positive economic indicators. The country stands out among the economies in the region for its sustained economic growth, balanced fiscal accounts, credible monetary policy, and a strong external position. However, there have been few advancements in reducing social gaps. The lack of social and productive investment has been a key factor in this outcome, affecting access to basic services and limiting business growth. This document identifies the most significant opportunities for Guatemala's development and proposes three pillars of investment: people, entrepreneurial fabric, and institutions.
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