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Historical GDP per capita development of El Salvador, Guatemala and Honduras. The economy of Guatemala is a considered a developing economy, highly dependent on agriculture, particularly on traditional crops such as coffee, sugar, and bananas. [16] Guatemala's GDP per capita is roughly one-third of Brazil's. [17]
Economic history of Guatemala (1 C, 2 P) I. Industry in Guatemala (4 C) Infrastructure in Guatemala (3 C) S. Science and technology in Guatemala (6 C, 2 P) T.
The history of Guatemala traces back to the Maya civilization (2600 BC – 1697 AD), with the country's modern history beginning with the Spanish conquest of Guatemala in 1524. By 1000 AD, most of the major Classic-era (250–900 AD) Maya cities in the Petén Basin , located in the northern lowlands, had been abandoned.
Guatemala, [a] officially the Republic of Guatemala, [b] is a country in Central America. It is bordered to the north and west by Mexico, to the northeast by Belize, to the east by Honduras, and to the southeast by El Salvador. It is hydrologically bordered to the south by the Pacific Ocean and to the northeast by the Gulf of Honduras.
Guatemala became a member country of the International Monetary Fund on December 28, 1945. Guatemala holds a quota of 428.6 million Special Drawing Rights and 5,751 votes. [1] Since its membership, Guatemala has had 15 arrangements. Dubbed as "Central America's largest economy," Guatemala has seen a 3.4% Gross Domestic Product
Coffee production began to develop in Guatemala in the 1850s. Coffee is an important element of Guatemala's economy. [1] Guatemala was Central America's top producer of coffee for most of the 20th and the beginning of the 21st century, until being overtaken by Honduras in 2011. [1]
The 1954 Guatemalan coup d'état (Golpe de Estado en Guatemala de 1954) deposed the democratically elected Guatemalan President Jacobo Árbenz and marked the end of the Guatemalan Revolution. The coup installed the military dictatorship of Carlos Castillo Armas, the first in a series of U.S.-backed authoritarian rulers in Guatemala.
Guatemala City (Spanish: Ciudad de Guatemala, also known colloquially by the nickname Guate), is the national capital and largest city of the Republic of Guatemala. It is also a municipal capital of the Guatemala Department and the most populous urban metropolitan area in the region of Central America .