Purchasing real estate in Guatemala can be a profitable venture, as has already been discussed on this blog. The process is not complicated, and in comparison to other countries, Guatemala has a number of appealing factors that set it apart from the rest. It enjoys relative stability and is close and well connected with the United States, making it appealing to North Americans. But how is the Guatemala economy being affected by the United States recession and the looming world recession?
Guatemala has Central America’s largest economy, being the largest and most populous country in Central America, and represents a growing market. In 1996 36 years of civil war ended, and since then Guatemala has been taking important steps to encourage foreign investment. Fifty six percent of the population are still below the poverty line, according to the CIA World Factbook, but the GDP real growth rate, per a 2007 estimated was 5.6%.
For the 2008 World Factbook’s complete analysis of the Guatemala economy, click here.
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