Agriculture provides the backbone of Guatemala’s economy, contributing 25 per cent of GDP, employing over half the labour force and providing two thirds of exports, mostly coffee, sugar, bananas and beef.
Currently, 80% of the banana production and a quarter of its exports are carried out by Guatemalan national companies. From the late 1990s, the banana industry underwent a major expansion in the Southern Pacific coastal plain, enabling the country to overtake Colombia and Costa Rica and establish itself as the world’s third largest exporter. Izabal, in the North of the country on the Caribbean coast now produces only 20% of total banana exports. There are at least 30,000 direct jobs in the industry.
Guatemala currently provides around 40% of all bananas etering the North American market.
|Area||42,042 sq miles|
|Population||Increase 17,263,239 (2018)|
|GDP|| Total – $145.249 billion (2018)|
Per capita – $8,413 (2018)
|Total Land Area||108,890 hectares|
|Banana Production Area||80,161 hectares|
|Total Banana Production||3.8 million metric tonnes (2017)|
|ITUC Global Rights Index||Rating 5 (no guarantee of rights)|