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Guatemala Real Estate

We offer Guatemala real estate investment information for Guatemala, Champerico, Puerto San Jose, Puerto Quetzal and Puerto Barrios. Scroll down for more economic information about Guatemala.

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Guatemala Real Estate

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Guatemala
Central America

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About Guatemala

Guatemala Population: 14,280,596 (July 2004 est.)
Languages: Spanish 60%, Amerindian languages 40% (23 officially recognized Amerindian languages, including Quiche, Cakchiquel, Kekchi, Mam, Garifuna, and Xinca)
Capital: Guatemala
Government Type: Constitutional Democratic Republic
Independence Day: 15 September 1821 (from Spain)
Legal System: Civil law system; judicial review of legislative acts; has not accepted compulsory ICJ jurisdiction.
Currency: Quetzal (GTQ), US dollar (USD), others allowed

Executive Branch:

Chief of State: President Oscar Jose Rafael BERGER Perdomo (since 14 January 2004); Vice President Eduardo STEIN Barillas (since 14 January 2004); note - the president is both the chief of state and head of government.

Head of Government: President Oscar Jose Rafael BERGER Perdomo (since 14 January 2004); Vice President Eduardo STEIN Barillas (since 14 January 2004); note - the president is both the chief of state and head of government.

American Embassy: 7-01 Avenida Reforma, Zone 10, Guatemala City
Mailing Address: APO AA 34024
Telephone: [502] 2331-1541/55 FAX: [502] 2334-8477

General Overview: The Maya civilization flourished in Guatemala and surrounding regions during the first millennium A.D. After almost three centuries as a Spanish colony, Guatemala won its independence in 1821. During the second half of the 20th century, it experienced a variety of military and civilian governments as well as a 36-year guerrilla war. In 1996, the government signed a peace agreement formally ending the conflict, which had led to the death of more than 100,000 people and had created some 1 million refugees.

Economic Overview: Guatemala is the largest and most populous of the Central American countries with a GDP per capita roughly one-half that of Brazil, Argentina, and Chile. The agricultural sector accounts for about one-fourth of GDP, two-thirds of exports, and half of the labor force. Coffee, sugar, and bananas are the main products. The 1996 signing of peace accords, which ended 36 years of civil war, removed a major obstacle to foreign investment, but widespread political violence and corruption scandals continue to dampen investor confidence. The distribution of income remains highly unequal, with perhaps 75% of the population below the poverty line. Ongoing challenges include increasing government revenues, negotiating further assistance from international donors, upgrading both government and private financial operations, curtailing drug trafficking, and narrowing the trade deficit.

International Disputes: Guatemalan squatters continue to settle in Belize border region; OAS brokered Differendum in 2002 creating small adjustment to land boundary, large Guatemalan maritime corridor in Caribbean, joint ecological park for disputed Sapodilla Cays, and substantial US-UK financial package, but agreement was not brought to popular referendum leaving Guatemala to continue to claim the southern half of Belize intact; numbers of Guatemalans enter Mexico seeking work or transit to the US.

Guatemala Map

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