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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 ]
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.
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 economy of Central America is the eleventh-largest economy in Latin America, behind Brazil, Mexico, Argentina and Colombia. According to the World Bank , the nominal GDP of Central America reached 204 billion US dollar in 2010, as recovery from the crisis of 2009 , where gross domestic product (GDP) suffered a decline to 3.8%. [ 1 ]
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.
In no particular order... 1. As of January 2013, there are 16 people left in the world who were born in the 1800s, according to the Gerontology Research Group. With dividends reinvested, U.S ...
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.
What better time for three scary facts that should freak you out. 1. Long-term unemployment could last a generationThe median duration of unemployment is now 18.5 weeks, compared with a 50-year ...