Services sector's value added to GDP in Guatemala

The value added by the services industry to the gross domestic product in Guatemala increased by 1.8 billion U.S. dollars (+3.71 percent) compared to the previous year. While the growth is slowing down, with 50.31 billion U.S. dollars, the value added is at its peak in the observed period.
Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production.

Find more statistics on other topics about Guatemala with key insights such as share of value added by the manufacturing industry to the gross domestic product, value added by the services industry to the gross domestic product, and national gross income per capita.

Value added by the services industry to the gross domestic product (GDP) in Guatemala from 2014 to 2023 (in billion U.S. dollars)

Characteristic	Value in billion U.S. dollars
2023	50.31
2022	48.5
2021	46.37
2020	42.9
2019	43.84
2018	42.17
2017	40.7
2016	39.36
2015	38.21
2014	36.55

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Release date

October 2024

More information

Region

Guatemala

Survey time period

2014 to 2023

Special properties

Values in constant U.S. dollars based on 2010 prices

Supplementary notes

Data represents the value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling.
Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources.

Figures have been rounded.

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