Economy of Guatemala - statistics & facts
Guatemala's economy presents a fascinating paradox: while it boasts impressive growth projections, it grapples with one of the highest rates of informal employment in Latin America. This dichotomy paints a complex picture of a nation on the cusp of significant economic advancement, yet still deeply rooted in traditional labor practices. With nearly 80% of workers engaged in informal employment, Guatemala's labor market stands in stark contrast to its promising economic indicators. As the country's gross national income and per capita income are poised for substantial increases, questions arise about how this growth will impact the vast informal sector. This juxtaposition of economic promise and labor market challenges offers a unique lens through which to examine Guatemala's development trajectory.
