What Is The Economy Like in Guatemala?
Guatemala has the largest economy in Central America. The private sector generates about 85 percent of the GDP, and government involvement in the economy is fairly minimal. The service sector is the largest sector of the Guatemalan economy, making up 62 percent of the GDP and employing about 48 percent of the population. Industry contributes around 24 percent of the GDP, and agriculture contributes 13.5 percent of the GDP.
Guatemala has a large wealth gap. The richest 10 percent of the population earns one-half of all income. Meanwhile, about 80 percent of the population lives in poverty. Most of these people live on less than $2 a day.