The Best Places To Retire In 2025

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    THE 10 BEST PLACES TO RETIRE IN 2025

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      Guatemala Facts And Figures

      Facts About Guatemala

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          Lake Atitlan, Guatemala
          Alamy/Al Argueta

          Facts About Guatemala

          Kathleen

          Reviewed By Kathleen Peddicord

          Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.

          Cover for Kathleen Peddicord's book At Home Abroad
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            Population 18,406,359 (2024 est.)
            Gross Domestic Product (GDP) $105.62 billion (2024 est.)
            GDP Per Capita $4,757 (2024 est.)
            Inflation Rate 3.07% (2024 est.)
            Currency Quetzal
            Exchange Rate Versus U.S. Dollar 7.73 quetzales (GTQ) to 1 US dollar
            Language Spanish (official) 60%, Amerindian languages 40% note note: there are 23 officially recognized Amerindian languages, including Quiche, Cakchiquel, Kekchi, Mam, Garifuna, and Xinca
            Capital Guatemala City
            Population of Capital City 3.160 million (2024)
            Time Zone GMT -6 hours
            Seasons Summer (march-april) and Rainy season (may-oct), Winter (Nov-feb), The weather in Guatemala City is also very windy; this may decrease the apparent temperature even more. Hottest month is April.
            International Dialing Code 502
            Electricity 110/220 V
            System of Government constitutional democratic republic
            Name and Party Affiliation of Current Leader President Bernardo Arévalo (Since January 2024)
            Income Tax Rate for Residents 15%-31%
            Property Tax Progressive rates up to 0.9%
            Capital Gains Tax Capital gains earned by nonresidents are subject to a flat 31%
            Inheritance Tax Inheritance and gift taxes are levied at progressive rates, from 1% to 25%.
            Rental Income Tax Inheritance and gift taxes are levied at progressive rates, from 1% to 25%.
            Transfer Tax 12% (IVA) of the value of the property
            Sales Tax 12%
            Restrictions on Foreign Ownership of Property No
            Local Chamber of Commerce Guatemala’s Chamber of Commerce
            American Chamber of Commerce Amcham Guatemala
            Primary Exports coffee, sugar, petroleum, apparel, bananas, fruits and vegetables, cardamom
            Residency and Visa Requirements Not all foreigners need visas to enter the country North American and European citizens need only their valid passport, and will be granted 90 days permission in the country.
            Special Benefits for Foreign Residents or Retirees Retirement program
            National Airline Avianca

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              Did You Know These Facts About Guatemala?

              The name ‘Guatemala’ comes from a word which means ‘a place of many trees’.

              As well as Spanish, there are over 20 other Mayan languages spoken in Guatemala.

              The Quetzal is also the name of the national bird of Guatemala. In Mayan times the feathers of the Quetzal were used as currency.

              Both blue Denim and the chocolate bar were both invented in Guatemala.

              Motagua River is the longest river in Guatemala.

              Lake Atitlan is the deepest lake in Guatemala and also in Central America. Its depth goes to 340 meters.

              Guatemala has 37 volcanos and 3 of them are currently active. The tallest is Tajumulco Volcano which is the highest point in Central America. It is 4203 meters above sea level.

              Guatemala has been continuously inhabited for over 20,000 years making it one of the longest continuously-inhabited regions in the world.

              Another interesting fact about Guatemala is that the country is famous for its jade, and produces more jade than any other country in the world.

              Firing guns into the sky to celebrate Christmas is a Guatemalan tradition. Sadly, the falling bullets kill people every year.

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                Kathleen

                Reviewed By Kathleen Peddicord

                Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.

                Cover for Kathleen Peddicord's book At Home Abroad
                Plus, Revealed Inside Your Free Book: 12 Top Places Where You Can Live The Good Life From As Little As $1000 A Month…

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                A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we’ll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today 2024






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                  Guatemala Facts And Figures- FAQs

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                  Portugal is on the Iberian Peninsula, in the southwest corner of Europe. Portugal shares that peninsula Spain, its larger neighbor.

                  Portugal is known for Fado music and also for being the largest cork producer in the world.

                  Portugal’s high season is during July and August, especially to coastal areas. Expect to pay at least a 30% premium on accommodation and encounter warm weather across the country.

                  Yes, Portugal is a sought after retirement destination. In fact, it’s one the world’s top retirement havens.

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