Guatemala City is the capital and largest city of the Republic of Guatemala. Guatemala City is the economic, governmental and cultural capital of the Republic, and considered by many, an economic capital of Central America. Guatemala is in Central America, bordering the North Pacific Ocean, between El Salvador and Mexico, and bordering the Gulf of Honduras (Caribbean Sea) between Honduras and Belize. The climate is tropical. It is hot and humid in the lowlands and cooler in the highlands. The official language is Spanish. English is spoken by many Guatemalan businesspeople and top government officials, however for important business dealings visitors will need fluent Spanish or a competent interpreter. The main religions are Christianity and indigenous Mayan beliefs. The economy of Guatemala has a GDP per capita roughly one-half that of Argentina, Brazil, and Chile. Coffee, sugar, and bananas are the main products. In Guatemala tourism is a significant source of income, as a result expatriates are warmly welcomed. Guatemalans place importance on personal honour. Avoid publically criticising or embarrassing anyone. Expatriate business dress is typically a suit for men, a dress or skirt and blouse for women. The security risk for expatriates in Guatemala is medium overall, but high in Guatemala City. Risks include violent and petty crime, kidnapping (including expatriates), highway robberies, and risks associated with protests which can become violent. Other risks include travel, due to the poor quality of roads and poor infrastructure, earthquakes and volcanic eruptions, hurricanes, heavy rains and landslides. The currency of Guatemala is the Guatemalan Quetzal (GTQ). While ATMs are available not all international cards are accepted. Major credit cards are accepted at some shops and restaurants. Medical facilities funded by the state are generally very poor. Serious or complex medical treatment requires evacuation which can be expensive. Cases of Zika and Chikungunya virus have been reported and Dengue fever is common. The population of Guatemala City is 2.9 Million (2019 est.), while the inflation rate (CPI) is 4.8% for Guatemala as at June 2019. Xpatulator Hypothetical Tax for Guatemala is based on the current personal income tax rates which are progressive up to 7%.
Cost Of Living
The cost of living for expatriates / professional migrants in In Guatemala City, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Guatemala City as at 1 July 2019 is average in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Average 2) Clothing: Average 3) Communication: High 4) Education: Average 5) Furniture & Appliances: Very High 6) Groceries: Low 7) Healthcare: Average 8) Household Accommodation: High 9) Miscellaneous: High 10) Personal Care: Average 11) Recreation & Culture: High 12) Restaurants Meals Out and Hotels: Average 13) Transport: Low Guatemala City is for example 5.8% more expensive than Houston TX for groceries, 33.6% more expensive for household costs than Kuala Lumpur, and 17.9% more expensive for transport costs than Dubai. The hardship premium for Guatemala City for an expat from Perth, is for example 30%, i.e. host location (Guatemala City) premium of 40% minus home (Perth) location premium of 10%. Guatemala City is ranked as a extreme hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Guatemala City? Register subscribe to your home location and Guatemala City and run your personalised reports.