Your exposure · Country · Americas

Guatemala

Guatemala imports 67.1% of the grain it eats, maize above all (1,954 kt in 2024/25). Its farms use 223,628 t of nitrogen a year, all imported. Approved reading

This page answers: Which questions do our briefs address about Guatemala?

Using this page
  1. Read the questions our briefs address, and any country reading.
  2. Filter the questions by domain, series or topic.
  3. Open a brief for its free summary sheet and executive read.
  • Region Americas · Central America and the Caribbean
  • Readings updated
Link to this page

Follow GuatemalaSign in to follow; one weekly email if you ask for it.

Your exposure

Guatemala in our readings

Guatemala is in 2 of our country readings.

  • Food and fertiliser Medium
  • Sovereign debt Low

Each band as published in its reading, against that reading’s stated lines; the readings are never combined into one band.

Outlook to November 2027

  • Geopolitics and conflict Not yet set
  • Trade, tariffs and sanctions Not yet set
  • Supply chains and chokepoints Elevated
  • Energy and resources Not yet set
  • Technology and cyber Not yet set
  • Regulation and compliance Not yet set
  • Finance and markets Not yet set
The seven outlooks in full: why, and the index

Seven categories, 12 months ahead. The outlook is our judgement, approved by the Principal. The index measures open data on 0–10; higher means more risk. How they are set

Compare Guatemala on the outlook map

Risks that reach Guatemala

  • Food and fertiliser Medium

    No forecast in our register is attached to this reading.

Show all 2 risks that reach Guatemala
  • Sovereign debt Low

    No forecast in our register is attached to this reading.

Each forecast is our estimate, scored when it resolves, in the register’s own words.

Goods and chokepoints

Exhibit S-1 · Supply balance

How much Guatemala makes, buys and sells, good by good

Consumption = production + imports − exports (± stock change).
Reading the supply balance

Supply balance first, suppliers second.

One card per good, each in its own unit. Goods are never added together.

Each card shows the latest complete period: the newest with consumption and at least one of production, imports and exports on file.

Figures of 1,000 kb/d or more show in million barrels a day (mb/d).

Periods are marketing years, as published.

What to watch

  • Oct 2026-Feb 2027 IPC projection: 2.6 million people in acute food insecurity. Food and fertiliser
  • 4 Dec 2026 FAO Food Price Index for November. Food and fertiliser
  • 30 Nov 2026 Deadline for Congress to approve the 2027 budget (reported). Sovereign debt
  • Annual World Bank interest-to-revenue figure. Sovereign debt
  • Monthly Ministry of Finance public debt figures. Sovereign debt

Questions firms in this position often review

  • Which of the risks above reach our own suppliers, customers or assets in Guatemala?
  • Which dated items under What to watch fall inside our next planning cycle?

General research, not advice. Request a free pilot

Full analyst view

Open Guatemala on the map of brief questions

Country analysis

Questions our briefs address

The questions our published briefs address that touch Guatemala.

Food and fertiliser · Strature analysis, not from the brief

Food and fertiliser: what is at stake for Guatemala

Guatemala imports 67.1% of the grain it eats, maize above all (1,954 kt in 2024/25). Its farms use 223,628 t of nitrogen a year, all imported.

Theme band Medium

67.1%

of grain use met by imports (2024/25)

1,954

kt of maize imported (2024/25)

88.3%

of rice use met by imports (2024/25)

223,628

t of nitrogen used on farms (2024)

Read the full panel

Risks

  • Maize imports were 1,954 kt in 2024/25 and wheat 917 kt; wheat imports cover all wheat use.
  • Rice imports meet 88.3% of rice use. The Thai rice benchmark rose from US$436.8/t in 2022 to US$588.4/t in 2024, while India restricted rice exports in 2022 and 2023.
  • Urea averaged US$700.0/t in 2022, 45% above 2021, and potassium chloride rose 59%. A repeat would raise the cost of 223,628 t of nitrogen use, all imported.
  • About 3.2 million people were projected in acute food insecurity in July-September 2026 after a dry spell, a press report of the IPC analysis says (estimate). Estimate from press or commentary

Opportunities

  • Guatemala exports palm oil: 566 kt in 2024/25, 1.3% of world exports, too small to set prices.
  • Canada, an origin outside the Black Sea, shipped C$187.3m of wheat to Guatemala in 2025 (Statistics Canada).
  • The staple import bill is 0.77% of GDP on 2024 prices (about US$0.87bn), below the bill line.

Uncertainties

  • Fertiliser imports by origin are not shown: no open table by origin was found in the search for this reading.
  • The cereal share uses USDA's four grains and leaves out sorghum.

What to watch

  • 6 Nov 2026FAO Food Price Index for October: cereals and vegetable oils.
  • 10 Nov 2026USDA WASDE: world and US maize balances.
  • Oct 2026-Feb 2027IPC projection: 2.6 million people in acute food insecurity.
  • 4 Dec 2026FAO Food Price Index for November.

Exposure by channel

Exposure band per channel, with the figure and the published line
ChannelFigureBandPublished line
Cereal import dependenceDependence67.1% 2024/25Cereal imports as a share of domestic cereal consumption (wheat, maize, rice, barley)MediumHigh ≥70% · Medium 40–70% · Low 25–40%
Staple import billRevenue0.77% of GDP 2024/25 volumes, 2024 pricesStaple import bill (wheat, maize, rice, barley, palm, soybean, sunflower and rapeseed oil) as % of GDPBelow lineHigh ≥4% of GDP · Medium 2–4% of GDP · Low 1–2% of GDP

Bands follow the published materiality lines for this theme. A low-confidence figure alone caps a band at Medium.

Imports as a share of domestic use, 2024/25 (%)
Wheat imports as a share of domestic consumption: 100% (2024/25) (our calculation)Wheat imports as a*100.0Milled rice imports as a share of domestic consumption: 88.3% (2024/25) (our calculation)Milled rice imports a…*88.3Cereal imports as a share of domestic cereal consumption (wheat, maize, rice, barley): 67.1% (2024/25) (our calculation)Cereal imports as a*67.1

Drawn to scale from zero. * Our calculation from the cited figures.

Sources cited

Estimates from press or commentary

Our calculations

  • Cereal imports as a share of domestic cereal consumption (wheat, maize, rice, barley): 67.1% (= 100 × sum of imports / sum of domestic consumption, four grains, capped at 100)
  • Milled rice imports as a share of domestic consumption: 88.3% (= 100 × imports / domestic consumption)
  • Staple import bill (wheat, maize, rice, barley, palm, soybean, sunflower and rapeseed oil) as % of GDP: 0.77% of GDP (= sum(PSD imports × Pink Sheet 2024 annual price) / GDP 2024)
  • Wheat imports as a share of domestic consumption: 100% (= 100 × imports / domestic consumption)
  • Share of world palm oil exports: 1.3% (= 100 × country exports / sum of exports of every country PSD reports (EU as one bloc))

Adapted from Statistics Canada data, used under the Statistics Canada Open Licence. This does not constitute an endorsement by Statistics Canada of this product.

Strature analysis, not from the brief: researched by Strature from public sources and kept in our country dossier, updated 3 Nov 2026. General research, not advice.

Sovereign debt · Strature analysis, not from the brief

Sovereign debt: what is at stake for Guatemala

Guatemala sits Low on the interest line alone: interest took 12.5% of revenue in 2024. Its other debt figures are below the lines, with reserves of US$32.75bn in 2025.

Theme band Low

12.5%

interest, % of government revenue (2024)

US$32.8bn

US$bn of reserves (2025)

9.9%

external public principal due 2026-2028, % of 2025 reserves

29.4%est.

public debt, % of GDP, end-2027 projection (reported)

Read the full panel

Risks

  • The 2027 draft budget plans a deficit of 4.4% of GDP, covered mainly with domestic Treasury bonds (reported). Estimate from press or commentary
  • Public debt is projected to rise from 27.6% of GDP at end-2026 to 29.4% at end-2027 (reported). Estimate from press or commentary
  • If Congress does not approve the 2027 budget by 30 Nov 2026, the 2026 budget applies again (reported). Estimate from press or commentary

Opportunities

  • Public external principal due 2026-2028 is US$3.23bn, 9.9% of 2025 reserves.
  • Public external debt service was 5.6% of exports in 2024, and creditors in China hold 0.3% of public external debt.

Uncertainties

  • Press figures for end-2027 debt differ: 29.4% and 27.9% of GDP. Estimate from press or commentary
  • Interest for 2027 is not in the budget reports read. Estimate from press or commentary
  • Ratings come from a secondary list: S&P BB+ stable and Fitch BB+ stable (low confidence). Estimate from press or commentary

What to watch

  • 30 Nov 2026Deadline for Congress to approve the 2027 budget (reported).
  • AnnualWorld Bank interest-to-revenue figure.
  • MonthlyMinistry of Finance public debt figures.

Exposure by channel

Exposure band per channel, with the figure and the published line
ChannelFigureBandPublished line
Interest burdenRevenue12.5% of revenue 2024Interest payments, % of revenue (central government)LowHigh ≥30% · Medium 20–30% · Low 10–20%
External debt serviceCapital and finance5.6% of exports 2024Public and publicly guaranteed external debt service, % of exports of goods, services and primary incomeBelow lineHigh ≥21% · Medium 15–21% · Low 10–15%
Refinancing wallCapital and finance9.9% of reserves 2026-2028 vs reserves 2025External public principal due 2026-2028, % of reservesBelow lineHigh ≥100% · Medium 50–100% · Low 25–50%
China creditorDependence0.3% of PPG external debt 2024Share of public external debt owed to ChinaBelow lineHigh ≥33% · Medium 20–33% · Low 10–20%

Bands follow the published materiality lines for this theme. A low-confidence figure alone caps a band at Medium.

Public external principal due 2026-2028 and reserves (US$bn)
Projected principal repayments on public and publicly guaranteed external debt, 2026-2028 (all creditors): US$3.23bn (2026-2028 (projected on end-2024 stock))Principal due, all creditors, 2026-283.2Projected principal repayments to bondholders on public external debt, 2026-2028: US$1.97bn (2026-2028 (projected on end-2024 stock))Principal due to bondholders, 2026-282.0Total reserves including gold: US$32.8bn (2025)Total32.8

Drawn to scale from zero. Source: World Bank, International Debt Statistics (DT.AMT.DPPG.CD, counterpart World, projected); World Bank, International Debt Statistics (DT.AMT.DPPG.CD, counterpart Bondholders, projected); World Bank, World Development Indicators (FI.RES.TOTL.CD).

Sources cited

Estimates from press or commentary

Our calculations

  • External public principal due 2026-2028, % of reserves: 9.9% of reserves (= projected PPG principal 2026-2028 / total reserves × 100)
  • Share of public external debt owed to China: 0.3% of PPG external debt (= debt owed to China / PPG external debt × 100)

Strature analysis, not from the brief: researched by Strature from public sources and kept in our country dossier, updated 3 Nov 2026. General research, not advice.

ISO 3166-1 name: Guatemala (GTM). Country and territory names follow common usage and imply no position on sovereignty.

Sources and licences

No figure on this page yet.

Cite this page Strature, “Guatemala”, Strature GPS, https://strature.net/gps/gtm/, 11 Nov 2026.

Ask about Guatemala

A question this page does not answer?

Suggest it for the series; if we take it up, the answer is published to everyone.

Is your company exposed in Guatemala? An exposure assessment of your own company, free. Request a free pilot