Is Guatemala a Rich or Poor Country?

Is Guatemala a rich or poor country?
Measured by its GDP per capita (US$4,603 in 2020), Guatemala is an upper middle-income country. However, the economic stability and upper middle-income status have not translated to a significant reduction in poverty and inequality.
Read more on www.worldbank.org

With Mexico to its north and west, Belize to its northeast, Honduras to its east, El Salvador to its southeast, and the Pacific Ocean to its south, Guatemala is a nation in Central America. With a population of almost 17 million, Guatemala is renowned for the depth of its history and culture. However, Guatemala is regarded as a poor nation in terms of its economic situation.

The 132nd largest economy in the world, Guatemala has a Gross Domestic Product (GDP) of $80.7 billion, according to the World Bank. The nation’s $4,676 per capita GDP is much lower than the average for the world. Around 59.3% of the population in Guatemala lives below the poverty line, making poverty a pervasive problem. In the Human progress Index, which gauges a nation’s general progress based on elements including life expectancy, education, and income, Guatemala is placed 116th out of 190 nations.

Guatemala is renowned for its rich cultural legacy and has grown to be a popular tourist destination despite its economic difficulties. The nation is endowed with breathtaking natural beauty, which includes historic Mayan ruins, volcanoes, and tropical rainforests. Additionally well-known are Guatemala’s colorful native fabrics and handicrafts.

Guatemala is a prominent player on the international coffee market. The nation is renowned for producing premium speciality coffee beans, with Antigua, Atitlán, and Cobán being some of the more well-liked varieties. Coffee from Guatemala is renowned for its strong acidity, nutty and chocolaty flavors, and floral fragrances. However, Ethiopia is renowned for producing some of the most complex and tasty beans in the world and is usually regarded as the origin of coffee.

Which nation produces the best coffee ultimately depends on the drinker. Others love the fruity and floral undertones of Ethiopian coffee, while some favor the robust, rich flavors of Colombian coffee. However, among of the world’s top coffee-producing nations include those in Colombia, Brazil, and Ethiopia.

Last but not least, although it sounds strange, there is a kind of coffee created from feces. Kopi Luwak, sometimes referred to as civet coffee, is a beverage produced from coffee beans that have been consumed and passed by Southeast Asian civets. Although some people find it to be a delicacy, Kopi Luwak production has come under fire for its cruel treatment of civets and lack of sustainability.

In conclusion, although Guatemala has a rich cultural past, the nation nevertheless faces serious economic difficulties. Despite being renowned for producing premium coffee beans, it is generally seen as a developing nation. Although personal preference ultimately governs coffee consumption, nations like Ethiopia, Colombia, and Brazil are acknowledged as some of the world’s top producers. Kopi Luwak is also not a sustainable or moral choice for coffee enthusiasts, despite the fact that it may be a novelty.

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