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Browse Profiles > Guatemala > Business Indicators |
| Score | Rank | |
| Standards Compliance Index | 7.50 out of 100 | 75 |
| Business Indicator Index | 9.15 out of 12 | 34 |
Guatemala| Business Indicators |  |
With an overall score of 9.4/12, Guatemala is at standard on the economic, legal, and political indicators that make up our Business Index. Guatemala has a market-based, private-sector driven economy where total government expenditure, including consumption and transfer payments, is low. Government spending equaled 11.4 percent of GDP, and 1.8 percent of government revenues came from state-owned enterprises and government ownership of property. Guatemala grants national treatment to foreign investors, but ownership is restricted in several sectors. There are restrictions on obtaining professional licenses, and there are a number of informal barriers such as an unpredictable bureaucracy and judicial system, long administrative processes, and crime. Tax incentives are available to investors to encourage investment. Property rights are enforced when land titles are clear. Contract enforcement is unreliable. Although the law does not discriminate against foreigners, that is not necessarily the case in practice. Corruption is extensive, as reflected in Guatemala's ranking of 111th out of 180 countries in Transparency International's 2007 Corruption Perceptions Index.
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Business Indicators |
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