Abstract
IMF Country Report No. 22/165
Copyright Page
IMF Country Report No. 22/165
GUATEMALA
SELECTED ISSUES
June 2022
This paper on Guatemala was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on May 16, 2022.
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Title page
GUATEMALA
SELECTED ISSUES
May 16, 2022
Approved By
Western Hemisphere Department
Prepared by Emilio Fernandez-Corugedo, Metodij Hadzi-Vaskov, Luis Carlos Ibanez Thomae, and Gonzalo Salinas (WHD).
Contents
FOSTERING EXPORT DEVELOPMENT IN GUATEMALA
A. Introduction
B. On the Drivers of Recent Export Developments
C. How to Foster Export Development and Complexity
D. Conclusions
FIGURES
1. Export Performance
2. Export Performance by Sector
3 Guatemala and Comparators: Export Diversification and Per Capita Levels
4 Guatemala and Comparators: Export Complexity
TABLE
1. Complex Exports in Selected Countries
References
ANNEXES
I. Regional Classification of Countries
II. Determinants of Complex Exports
III. Export Complexity and Proximity
IV. Export Determinants and Income per Capita
CHARACTERIZING RECENT INFLATION DYNAMICS IN GUATEMALA
A. Inflation Across Income Quintiles
B. Principal Components Analysis
C. Concluding Remarks
FIGURES
1. Inflation by Income Quintile
2. Comparison of Inflation Rates for Bottom-Income and Top-Income Quintiles
3. Comparison of Price Levels for Bottom-Income and Top-Income Quintiles
4. Principal Components
TABLES
1. Explaining Inflation Differential Between Bottom and Top Income Quintale
2. Guatemalan Extracted Components (PCGTM)
3. PC Extracted Using Non-Guatemalan Variables (PC*)
References