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Economy Of Guatemala
The economy of Guatemala is a considered a developing economy, highly dependent on agriculture, particularly on traditional crops such as coffee, sugar, and bananas. Guatemala's GDP per capita is roughly one-third of Brazil's. The Guatemalan economy is the largest in Central America. It grew 3.3 percent on average from 2015 to 2018. However, Guatemala remains one of the poorest countries in Latin America and the Caribbean, having highly unequal incomes and chronically malnourished children. The country is beset by political insecurity, and lacks skilled workers and infrastructure. It depends on remittances for nearly one-tenth of the GDP. The 1996 peace accords ended the 36-years-long Guatemalan Civil War, and removed a major obstacle to foreign investment. Since then Guatemala has pursued important reforms and macroeconomic stabilization. On 1 July 2006, the Central American Free Trade Agreement (CAFTA) entered into force between the United States and Guatemala. It has since ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Quetzal (currency)
The quetzal (; ISO 4217, code: GTQ) is the currency of Guatemala, named after the List of national birds, national bird of Guatemala, the resplendent quetzal. In ancient Maya civilization, Mayan culture, the quetzal bird's tail feathers were used as currency. It is divided into 100 ''centavos,'' or ''len'' (plural ''lenes'') in Guatemalan slang. The plural is ''quetzales''. History The quetzal was introduced in 1925 during the term of President José María Orellana, whose image appears on the obverse of the one-quetzal bill. It replaced the Guatemalan peso at the rate of 60 pesos = 1 quetzal. Until 1987, the quetzal was pegged to and domestically equal to the United States dollar. Coins In 1925, coins in denominations of 1, 5, 10 centavos, , and 1 quetzal were introduced, although the majority of the 1 quetzal coins were withdrawn from circulation and melted. and 2 centavo coins were added in 1932. Until 1965, coins of 5 centavos and above were minted in 72% silver. and 1 que ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ease Of Doing Business Index
The ease of doing business index was an index created jointly by Simeon Djankov, Michael Klein, and Caralee McLiesh, three leading economists at the World Bank Group. The academic research for the report was done jointly with professors Edward Glaeser, Oliver Hart, and Andrei Shleifer. Higher rankings (a low numerical value) indicated better, usually simpler, regulations for businesses and stronger protections of property rights. Empirical research funded by the World Bank to justify their work show that the economic growth effect of improving these regulations is strong. Though the first report was authored by Djankov, Klein, and McLiesh, and they continue to be listed as "founders" of the report, some sources attribute the genesis of the idea to Djankov and Gerhard Pohl. The report was discontinued by the World Bank on September 16, 2021, following the release of an independent audit of the data irregularities. The audit documented how bank leadership pressured experts to manip ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Remittance
A remittance is a non-commercial transfer of money by a foreign worker, a member of a diaspora community, or a citizen with familial ties abroad, for household income in their home country or homeland. Money sent home by migrants competes with international aid as one of the largest financial inflows to developing countries. Workers' remittances are a significant part of international capital flows, especially with regard to labor-exporting countries. According to the World Bank, in 2018 overall global remittance grew 10% to US$689 billion, including US$528 billion to developing countries. Overall global remittance is expected to grow 3.7% to US$715 billion in 2019, including US$549 billion to developing nations. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Income Inequality
There are wide varieties of economic inequality, most notably income inequality measured using the distribution of income (the amount of money people are paid) and wealth inequality measured using the distribution of wealth (the amount of wealth people own). Besides economic inequality between countries or states, there are important types of economic inequality between different groups of people. Important types of economic measurements focus on wealth, income, and consumption. There are many methods for measuring economic inequality, the Gini coefficient being a widely used one. Another type of measure is the Inequality-adjusted Human Development Index, which is a statistic composite index that takes inequality into account. Important concepts of equality include equity, equality of outcome, and equality of opportunity. Whereas globalization has reduced global inequality (between nations), it has increased inequality within nations. Income inequality between nations peak ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dominican Republic-Central America Free Trade Agreement
Dominican may refer to: * Someone or something from or related to the Dominican Republic ( , stress on the "mi"), on the island of Hispaniola in the Greater Antilles, in the Caribbean ** People of the Dominican Republic ** Demographics of the Dominican Republic ** Culture of the Dominican Republic * Someone or something from or related to the Commonwealth of Dominica ( , stress on the "ni"), an island nation in the Lesser Antilles, in the Caribbean ** People of Dominica ** Demographics of Dominica ** Culture of Dominica * Dominican Order, a Catholic religious order Schools * Dominican College (other), numerous colleges throughout the world * Dominican School of Philosophy and Theology, Berkeley, California, United States * Dominican University (Illinois), River Forest, Illinois, United States * Dominican University of California, San Rafael, California, United States * Dominican University New York Dominican University New York is a private college in Orangebur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Direct Investment
A foreign direct investment (FDI) is an investment in the form of a controlling ownership in a business in one country by an entity based in another country. It is thus distinguished from a foreign portfolio investment by a notion of direct control. The origin of the investment does not impact the definition, as an FDI: the investment may be made either "inorganically" by buying a company in the target country or "organically" by expanding the operations of an existing business in that country. Definitions Broadly, foreign direct investment includes "mergers and acquisitions, building new facilities, reinvesting profits earned from overseas operations, and intra company loans". In a narrow sense, foreign direct investment refers just to building new facility, and a lasting management interest (10 percent or more of voting stock) in an enterprise operating in an economy other than that of the investor. FDI is the sum of equity capital, long-term capital, and short-term capital ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guatemalan Civil War
The Guatemalan Civil War was a civil war in Guatemala fought from 1960 to 1996 between the government of Guatemala and various leftist rebel groups. The government forces have been condemned for committing genocide against the Maya population of Guatemala during the civil war and for widespread human rights violations against civilians. The context of the struggle was based on longstanding issues of unfair land distribution; European-descended residents and foreign companies, such as the American United Fruit Company, had dominated control over much of the land, leading to conflicts with the rural poor. Democratic elections during the Guatemalan Revolution in 1944 and 1951 had brought popular leftist governments to power. A United States-backed coup d'état in 1954 installed the military regime of Carlos Castillo Armas, who was followed by a series of right-wing military dictators. The Civil War started on 13 November 1960, when a group of left-wing junior military officers ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guatemalan Peace Process 1994-1996
The Guatemalan Peace Process lasted from 1994 to 1996 and resulted in the Guatemalan Peace Accords. Background Guatemalan Armed Conflict The Guatemalan Civil War was a thirty-six-year internal conflict that took place from November 1960 to December 1996. The conflict was fought between the Guatemalan government and smaller leftist guerrilla groups that fought under the Unidad Revolucionaria Nacional Guatemalteca (URNG). It resulted in about 200,000 casualties and "disappearances", making it the deadliest armed conflict in Central America. Early Peace Attempts After a series of dictatorships supported by the United States, Guatemala was greatly pressured internationally to make efforts towards reincorporating democracy. In 1985, the then ruler General Oscar Mejía Victores allowed for the formation of a Constituent Assembly, which began working on a new democratic constitution. This new constitution was then finalized and ratified on May 30, 1985. The following year, demo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central America
Central America ( es, América Central or ) is a subregion of the Americas. Its boundaries are defined as bordering the United States to the north, Colombia to the south, the Caribbean Sea to the east, and the Pacific Ocean to the west. Central America consists of eight countries: Belize, Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, and Panama. Within Central America is the Mesoamerican biodiversity hotspot, which extends from northern Guatemala to central Panama. Due to the presence of several active geologic faults and the Central America Volcanic Arc, there is a high amount of seismic activity in the region, such as volcanic eruptions and earthquakes which has resulted in death, injury, and property damage. In the pre-Columbian era, Central America was inhabited by the indigenous peoples of Mesoamerica to the north and west and the Isthmo-Colombian peoples to the south and east. Following the Spanish expedition of Christopher Columbus' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gross Domestic Product
Gross domestic product (GDP) is a money, monetary Measurement in economics, measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjective nature this measure is often revised before being considered a reliable indicator. List of countries by GDP (nominal) per capita, GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation, inflation rates of the countries; therefore, using a basis of List of countries by GDP (PPP) per capita, GDP per capita at purchasing power parity (PPP) may be more useful when comparing standard of living, living standards between nations, while nominal GDP is more useful comparing national economies on the international market. Total GDP can also be broken down into the contribution of each industry or sector of the economy. The ratio of GDP to the total population of the region is the GDP per capita, p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guatemala
Guatemala ( ; ), officially the Republic of Guatemala ( es, República de Guatemala, links=no), is a country in Central America. It is bordered to the north and west by Mexico; to the northeast by Belize and the Caribbean; to the east by Honduras; to the southeast by El Salvador and to the south by the Pacific Ocean. With an estimated population of around million, Guatemala is the most populous country in Central America and the 11th most populous country in the Americas. It is a representative democracy with its capital and largest city being Nueva Guatemala de la Asunción, also known as Guatemala City, the most populous city in Central America. The territory of modern Guatemala hosted the core of the Maya civilization, which extended across Mesoamerica. In the 16th century, most of this area was conquered by the Spanish and claimed as part of the viceroyalty of New Spain. Guatemala attained independence in 1821 from Spain and Mexico. In 1823, it became part of the Fe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GPD Per Capita Development Of El Salvador, Guatemala And Honduras
GPD may refer to: Police departments * Gaithersburg Police Department, Maryland, United States * Gatlinburg Police Department, Tennessee, United States * Gladstone Police Department, Oregon, United States * Greenbelt Police Department (Maryland), United States * Guam Police Department * Greensboro Police Department , North Carolina, United States Other uses * '' Geassocieerde Pers Diensten'', a Dutch news agency * General purpose datatype * Generalized Pareto distribution * Generalized Parton Distributions * Glyceraldehyde phosphate dehydrogenase * Mount Gordon Airport, in Queensland, Australia * People's Liberation Army General Political Department * Tradewind Aviation, an American airline * GamePad Digital, a Chinese company, creator of the GPD XD, GPD Win, GPD Win Max, GPD Win 2, GPD Win 3 The GPD Win 3 is a Windows-based handheld computer that is the successor to the GPD Win 2 and GPD Win MAX. It is manufactured by Chinese company Gamepad Digital (GPD), and crowdfunded. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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