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Guatemala
This information comes from the assessment conducted in country for the Guatemala report, which was published in January 2005.
Guatemala’s company law is generally sound and covers most internationally recognized business entities. Minority shareholders are generally protected, and the incorporation process is among the more efficient in the region. Mechanisms of corporate governance, however, are weak, particularly with respect to internal controls over company administrators. Moreover, in virtually all instances, judges take an inflexibly formalistic view toward the notion of “lifting the corporate veil”; the legal personality of a company is generally protected even when it has been abused by its officers and directors.
| Key Development Data & Statistics |
Year |
Latest Data |
| External debt stocks (% of GNI) |
2007 |
18.7 |
| GDP (current US$) (billions) |
2007 |
33.9 |
| GNI per capita, Atlas method (current US$) |
2007 |
2,450 |
| Population, total (millions) |
2007 |
13.3 |
| Population growth (annual %) |
2007 |
2.4 |
| Exports (current US$) (billions) |
2007 |
8.03 |
| Imports (current US$) (billions) |
2007 |
15.42 |
Top Exports: coffee, sugar, petroleum
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Top Imports: fuels, machinery and transport equipment, construction materials
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Source: World Bank Group 2009, CIA World Factbook 2009
For additional economic indicators, please visit the World Bank's "Private Sector at a Glance."
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