Diplomatic representation in the US: chief of mission: Ambassador Pedro Miguel LAMPORT Kelsall chancery: 2220 R Street NW, Washington, DC 20008 telephone: [1] (202) 745-4952 through 4954 FAX: [1] (202) 745-1908 consulate(s) general: Chicago, Houston, Los Angeles, Miami, New York, and San Francisco
Diplomatic representation from the US: chief of mission: Ambassador Donald J. PLANTY (18 July 1996) embassy: 7-01 Avenida de la Reforma, Zone 10, Guatemala City mailing address: APO AA 34024 telephone: [502] (2) 31-15-41 FAX: [502] (2) 31-88-85
Flag description: three equal vertical bands of light blue (hoist side), white, and light blue with the coat of arms centered in the white band; the coat of arms includes a green and red quetzal (the national bird) and a scroll bearing the inscription LIBERTAD 15 DE SEPTIEMBRE DE 1821 (the original date of independence from Spain) all superimposed on a pair of crossed rifles and a pair of crossed swords and framed by a wreath
@Guatemala:Economy
Economy-overview: The agricultural sector accounts for one-fourth of GDP and two-thirds of exports and employs more than half of the labor force. Coffee, sugar, and bananas are the main products. Manufacturing and construction account for one-fifth of GDP. Since assuming office in January 1996, President ARZU has worked to implement a program of economic liberalization and political modernization. The signing of the Peace Accords in December 1996, which ended 36 years of civil war, removed a major obstacle to foreign investment. In 1997, Guatemala met its economic targets when GDP growth accelerated to 4.1% and inflation fell to 9%. The government also increased tax revenues-historically the lowest in Latin America-to 9% of GDP and created a new tax administration. It also successfully placed $150 million in dollar-denominated notes in the international markets. Debt service costs should decline in 1998. Remaining challenges for the administration in 1998 include completing a deal with the IMF and stabilizing monetary policy. Throughout 1997, the Central Bank maintained a tight money supply, helping to control inflation, but it also caused high interest rates and led to operating losses for the bank. Early in 1998, it relaxed its monetary policy in an effort to correct these problems, but increased pressure on the quetzal has prompted the bank to intervene to prop up its value.
GDP: purchasing power parity-$45.8 billion (1997 est.)
GDP-real growth rate: 4.1% (1997 est.)
GDP-per capita: purchasing power parity-$4,000 (1997 est.)
GDP-composition by sector: agriculture: 24% industry: 21% services: 55% (1997 est.)
Inflation rate-consumer price index: 9% (1997 est.)