Guatemala vs Italy: Economic Indicators Comparison

Italy with a GDP of $2.1T ranked the 8th largest economy in the world, while Guatemala ranked 70th with $78.5B. By GDP 5-years average growth and GDP per capita, Italy and Guatemala ranked 154th vs 69th and 29th vs 112th, respectively.

Gross Domestic Product & Income

Stat	Guatemala	Italy
GDP	$78.5B	$2.1T
GDP growth, 1 year	3.1%	0.9%
GDP growth, 5-years average	3.5%	0.9%
Population	17.3M	60.3M
GDP per capita	$4.5k	$34k
GDP per capita growth	1.15%	0.95%
Purchasing Power Parity conversion factor	4.04	0.7
Price level ratio of PPP conversion factor GDP to market exchange rate	0.54	0.82
GDP per capita, PPP adjusted	$8.4k	$40k
GNI, Atlas method	$75.9B	$2T
GNI per capita	$4.4k	$34k
GNI, PPP adjusted	$143.4B	$2.6T
GNI per capita, PPP adjusted	$8.3k	$42k

Financial system and Human development

Stat	Guatemala	Italy
Income Tax Rate	31%	43%
Corporate Tax Rate	31%	27.5%
Inflation, consumer prices	3.8%	1.2%
Inflation, GDP deflator	2.9%	0.9%
Unemployment	2.7%	10.2%
Economic Freedom Index	64	63.8
Personal Freedom Index	7.14	8.79
Human Freedom Index	7.21	8.01
Property Rights Index	45.5	75.4
Judical Effectiveness Index	32.2	51.3
Business Freedom Index	62.6	70.4
Fiscal Health Index	95.7	71.1
Labor Freedom Index	48.4	50.9
Investment Freedom Index	70	80
Financial Freedom Index	50	50
Trade Freedom Index	82.2	86.4
Monetary Freedom Index	77.4	83.2
Government Spending Index	95.6	28.5
Tax Burden Index	79.2	56
Government Integrity Index	29.6	62.2
Corruption Perceptions Index	27	52
Life expectancy at birth, years	73.8	83.2
Suicide mortality rate, per 100,000 people	2.7	8.2
Mortality caused by road traffic injury, per 100,000 people	16.6	5.6
Intentional homicides, per 100,000 people	26.1	0.7
International tourism, number of arrivals	1.8M	61.6M

Government debt & reserves

Stat	Guatemala	Italy
Central government debt, % of GDP	24.5%	132.1%
External debt stocks, % of GNI	29%	N/A
External debt stocks	$22.3B	N/A
Short-term debt, % of total reserves	7.3%	N/A
Total debt service, % of exports and primary income	26.7%	N/A
Adjusted net savings including particulate emission damage, % of GNI	1.9%	6%
Gross savings, % of GDP	13.4%	20.8%
Gross capital formation, % of GDP	12.1%	18.2%
Total reserves including gold	$12.6B	$152.4B
Foreign direct investment net inflows	$1.1B	$39.6B

Exports, imports and economic structure

Stat	Guatemala	Italy
Exports of goods and services, % of GDP	18.1%	31.5%
Imports of goods and services, % of GDP	27.7%	29%
Current account balance (balance of payments)	$665M	$53.8B
Revenue excluding grants, % of GDP	11%	37.7%
Grants excluding technical cooperation, BoP	$342.5M	N/A
Personal remittances received	$9.4B	$9.9B
Industry including construction value added, % of GDP	24.6%	21.4%
Agriculture, forestry and fishing value added, % of GDP	10%	1.9%
Charges for the use of intellectual property, payments BoP	$209.8M	$5.1B
Charges for the use of intellectual property, receipts BoP	$700k	$4.9B
Expense, % of GDP	11.8%	41.3%
Government Expenditure, % of GDP	12.1%	48.8%