Latin America & the Caribbean
Opportunities for UK companies
Guatemala
Guatemala is the largest economy in Central America[1] and the second largest territory of the Northern Triangle (Guatemala, Honduras and El Salvador)[2] has a population of 16.6 million[3].
Market Detail
Guatemala offers a sturdy macroeconomic framework with international agencies rating its economy as steady and resilient. Despite the recent political unrest and pandemic, economic growth is stable.
Guatemala needs to attract foreign direct investment to boost productivity and maintain employment rates high and constant. The country has the geographic location and natural conditions to act as a logistical centre for regional services.
UK Companies exporting to Guatemala will find:
- Low labour costs and a flexible, skilled workforce.
- Strategic position in Central America: Mexico, Panama and Costa Rica are nearby and well connected.
- One of the top 10 countries in Latin America to Do Business in (Doing Business Index)[4].
- Low costs at ports and borders for transporting exports and imports.
Opportunities in Guatemala for UK companies:
- Vehicles and Transportation Material
- Mechanical, machines and electro technical devices
- Pharmaceutical products
- Infrastructure
- Tourism Infrastructure
- AgriTech
