Statistics About The Average Income In Guatemala

In this post, we will explore the intricate landscape of income distribution and economic disparity in Guatemala based on a comprehensive set of statistics. From the average monthly income to income inequalities across various sectors and demographics, these data points provide a glimpse into the economic realities faced by different segments of the Guatemalan population. Let’s delve into the numbers and uncover the stark contrasts that define income dynamics in Guatemala.

Statistic 1

"The average monthly income in Guatemala is approximately GTQ 7,743."

Statistic 2

"The average yearly income in Guatemala for 2020 was around 9,165.64 U.S. dollars."

Statistic 3

"In Guatemala, the highest-earning 20% of the population make more than half the country's total income."

Statistic 4

"Around 59.3% of the population lives below the national poverty line in Guatemala."

Statistic 5

"The GDP per capita in Guatemala for 2019 was roughly $4,549."

Statistic 6

"Many Guatemalans depend heavily on remittances, which totalled over $10.5 billion in 2019."

Statistic 7

"On average, women in Guatemala earn 73.8% of what their male counterparts earn."

Statistic 8

"In 2017, the income share held by the poorest 20% was only 3.2% in Guatemala."

Statistic 9

"The income of the richest 260 people in Guatemala is equivalent to the revenue of the poorest 55% of the population."

Statistic 10

"The average salary for software engineer in Guatemala is around GTQ 96,150."

Statistic 11

"The three major cities in Guatemala where income is highest include Guatemala City, Villa Nueva, and Mixco."

Statistic 12

"The average income in Guatemala for the manufacturing industry was around GTQ 10,000 in 2020."

Statistic 13

"The bottom 60% of Guatemalans only own 16% of the country's total income."

Statistic 14

"The average salary for a general physician in Guatemala is around GTQ 251,631 per year."

In conclusion, Guatemala faces significant income inequality, with a substantial portion of the population living below the national poverty line while a small percentage controls the majority of the country’s total income. Women earn significantly less than their male counterparts on average, further exacerbating disparities. Remittances play a crucial role in many Guatemalans’ livelihoods, highlighting economic dependence on external sources. The statistics also reveal disparities in income distribution within different sectors like manufacturing and professions such as software engineering and medicine. Efforts to address income inequality and uplift the lower-income groups in Guatemala are crucial for achieving sustainable economic development and social welfare.