Colorful city in Guatemala

Guatemala Government Consumption

Guatemala Government Consumption

Government Consumption in Guatemala

The economy of Guatemala recorded an average growth rate of 1.4% from 2012 to 2022. In 2022, the government consumption growth surged to 7.2%.

Guatemala Government Consumption Chart

Note: This chart displays Government Consumption (ann. var. %) for Guatemala from 2013 to 2022.
Source: Banco de Guatemala.

Guatemala Government Consumption Data

2018 2019 2020 2021 2022
Government Consumption (ann. var. %) 7.6 2.3 1.0 4.9 7.2

GDP grows at softest pace since Q4 2022 in the third quarter

GDP growth ebbed to 3.7% year on year in the third quarter from 3.9% in the second quarter. Q3's reading marked the softest growth since Q4 2022.

Household spending increased 5.0% in the third quarter, which was above the second quarter's 4.2% expansion. Fixed investment growth accelerated to 7.9% in Q3 from 5.7% in the previous quarter. However, public consumption growth was the slowest since Q1 2021, expanding 1.6% (Q2: +15.4% yoy). On the external front, exports of goods and services contracted at a milder rate of 0.1% in Q3 (Q2: -5.1% yoy). In addition, imports of goods and services growth sped up to 7.4% in Q3 (Q2: +3.7% yoy).

Consensus Forecasts and Projections for the next ten years

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Guatemalan government consumption projections for the next ten years from a panel of 6 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable government consumption forecast available for Guatemalan government consumption.

Download one of our sample reports to visualize what a Consensus Forecast is and see our Guatemalan government consumption projections.

Want to get access to the full dataset of Guatemalan government consumption forecasts? Send an email to

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