• population - 13 million

• Largest market in central America in terms of population and GDP

• Gateway to the rest of Central America.

• Agriculture accounts for 23 % of GDP and employs 40 % of the population.

• Compared to the rest of Central America, has a highly developed industrial sector.

• has minerals such as copper, antimony, tungsten and Nickel.

• oil production about 25,000 barrels per day. Proven reserves 530 million barrels.

• remittances from Guatemalans abroad main source of foreign exchange

• coffee, sugar, bananas, oil and cardamom are the major export items

• largest producer of cardamom in the world, accounting for 90 % of global production.

• seventh largest sugar producer in the world.

• one of the leading exporters of apparels from central america.

Bilateral Trade (US $ million)

• Principal items of India ’s exports are dominated mainly by auto parts, tools, chemicals and pharmaceuticals and textiles
• Praj Industries of Pune has got a distillery project contract.

• Principal items of India ’s imports consists mainly of spices, wood products, etc.

• Guatemala is the second largest producer of Cardamom , after India. Their overproduction in recent years has brought down prices affecting Indian production.

Indian BPO entry into Guatemala

The Indian company 24/7 has established a BPO in Guatemala in partnership with a local company. First time, an Indian company has made entry into this largest market in Central America.

The BPO employs 500 local staff and is going to expand to other countries.