Georgia and Guatemala
Georgia and Guatemala established a political consultation mechanism in March 2025. The memorandum signed in Tbilisi provides an institutional framework for contact through non-resident diplomatic representation.
Analysis reviewed: 2026-10-08 · Indicators updated: 2026-10-08History and institutional framework
The foreign ministries signed a memorandum establishing political consultations on 6 March 2025.
Cooperation and bilateral issues
The signing took place on a day when Georgia's ministry received several non-resident ambassadors.
Cooperation and bilateral issues
The signing took place on a day when Georgia's ministry received several non-resident ambassadors.
Bilateral indicators
Blank cells: data unavailable.
| Indicator | Value | Period |
|---|---|---|
| Goods trade | ||
| Goods: Georgia to Guatemala | ||
| Goods: Guatemala to Georgia | ||
| Services trade | ||
| Export share: Georgia to Guatemala | ||
| Export share: Guatemala to Georgia | ||
| Investment stock: Georgia in Guatemala | ||
| Investment stock: Guatemala in Georgia |
Definitions and sources
Trade adds both directions. Shares refer to the country’s total goods exports; investment is an accumulated stock, not an annual flow. Every figure retains the currency and period of its source. BEA positions are historical-cost estimates based on the immediate counterpart, not market values or investment by ultimate owner. ‘More than’ indicates a lower bound, not an exact amount. A recorded stock does not establish new activity or authorisation to operate under sanctions.
Country comparison
Period and source beside each figure · est. = estimate by the stated institution.
Some annual indicators refer to different years. Check the period beside each value before comparing them.
| Indicator | Georgia | Guatemala |
|---|---|---|
| Nominal GDP | 38.14 billion USD2025 · WB | 123.31 billion USD2025 · WB |
| GDP per capita | 9,691.53 USD2025 · WB | 6,598.18 USD2025 · WB |
| GDP growth | 7.46 %2025 · WB | 4.28 %2025 · WB |
| Policy interest rate | ||
| Inflation · annual average | 3.87 %Annual average · 2025 · WB | 1.49 %Annual average · 2025 · WB |
| Inflation · latest year-on-year figure | ||
| Unemployment | 12.1 %ILO est.2025 · WB | 2.6 %ILO est.2025 · WB |
| Budget balance (% of GDP) | -1.5 %IMF est.2025 · IMF | -1.9 %IMF est.2025 · IMF |
| Gross public debt (% of GDP) | 34.3 %IMF est.2025 · IMF | 27.2 %IMF est.2025 · IMF |
| Current account balance (% of GDP) | -2.65 %2025 · WB | 2.89 %2024 · WB |
| Population | 3,935,7662025 · WB | 18,687,8812025 · WB |
| Area | 69,700 km²2023 · WB | 108,890 km²2023 · WB |
| Military expenditure | ||
| Military expenditure (% of GDP) |
Definitions, dates and sources
Blank cells are not zero. Average annual inflation and the latest year-on-year figure appear in separate rows: they are not the same measure. Every annual indicator retains its reference year; when the years differ, the figures are identified as not directly comparable. When a figure is unavailable from the World Bank, an annual IMF estimate is used and identified as such. The latest year-on-year figure is the latest official release verified as of 7 October 2026. This includes advance releases marked as provisional. Mexico may have a fortnightly figure before the full month is published; it is not automatically compared with a monthly figure. The publication date is retained in each source’s details; it does not replace the observation period or the annual average. Policy rates carry their own dates and represent different instruments. Spain and France share the ECB rate. Balances are positive for surpluses and negative for deficits. The IMF may use fiscal years; unemployment retains each source’s definition (ILO estimates, IMF WEO or PCBS), as stated in the details. For Palestine, debt and the fiscal balance cover central government and retain the PCBS definition; they are not presented as consolidated general government. These are economic magnitudes, not measures of relationship quality.
Area retains each source’s territorial coverage; it does not determine sovereignty or effective control. Canada uses an archived national geographic reference. Military expenditure retains the 2024 SIPRI sample distributed by the World Bank: the amount and percentage of GDP use that same definition, which differs from NATO’s. It is not an approved budget or a 2026 figure. Information from the Stockholm International Peace Research Institute (SIPRI). Military expenditure database · Terms of use0
Indicators reviewed: 2026-10-07. Each source retains its original access date; this review does not turn all the data into 2026 observations. Figures may be revised.
- Nominal GDP
- Current USDGeorgia: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.Guatemala: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.
- GDP per capita
- Current USD per personGeorgia: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.Guatemala: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.
- GDP growth
- Annual real change (%)Georgia: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.Guatemala: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.
- Policy interest rate
- Central bank instrument (%)
- Inflation · annual average
- Average annual change in headline CPI (%)Georgia: 2025 · Annual average CPI change (%) · World Bank · Annual World Bank observation, with its original year; not monthly data.Guatemala: 2025 · Annual average CPI change (%) · World Bank · Annual World Bank observation, with its original year; not monthly data.
- Inflation · latest year-on-year figure
- Headline CPI relative to the same period of the previous year (%); monthly or fortnightly frequency stated
- Unemployment
- % of the labour force; definition used by the stated institutionGeorgia: 2025 · ILO modelled estimate; percentage of the labour force · World Bank · ILO est. · Annual World Bank observation, with its original year; not monthly data.Guatemala: 2025 · ILO modelled estimate; percentage of the labour force · World Bank · ILO est. · Annual World Bank observation, with its original year; not monthly data.
- Budget balance
- General government (% of GDP)Georgia: 2025 · IMF · IMF est. · WEO general-government estimate, % of GDP. Not an observed balance for the current month.Guatemala: 2025 · IMF · IMF est. · WEO general-government estimate, % of GDP. Not an observed balance for the current month.
- Gross public debt
- General government (% of GDP)Georgia: 2025 · IMF · IMF est. · WEO general-government estimate, % of GDP. Not an observed balance for the current month.Guatemala: 2025 · IMF · IMF est. · WEO general-government estimate, % of GDP. Not an observed balance for the current month.
- Current account balance
- % of GDPGeorgia: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.Guatemala: 2024 · World Bank · Annual World Bank observation, with its original year; not monthly data.
- Population
- PeopleGeorgia: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.Guatemala: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.
- Area
- Total area in km²; territorial coverage of the sourceGeorgia: 2023 · World Bank · Annual World Bank observation, with its original year; not monthly data.Guatemala: 2023 · World Bank · Annual World Bank observation, with its original year; not monthly data.
- Military expenditure
- Current USD per year; SIPRI series
- Military expenditure (% of GDP)
- Percentage of GDP; SIPRI definition, not NATO’s definition
Other data specific to this relationship
What they buy and sell
Documented selection, not an exhaustive list. Cells without a figure do not mean zero value; some products are identified without a verified amount.
Georgia to Guatemala
| Product or sector | Value / share |
|---|---|
Guatemala to Georgia
| Product or sector | Value / share |
|---|---|
Connections between people
It was signed by Giorgi Zurabashvili and Eduardo Enrique Hernández Recinos, Guatemala's ambassador accredited to Georgia and resident in Ankara. The signing took place on a day when Georgia's ministry received several non-resident ambassadors. [1]
Residents, study and travel
Blank cells: data unavailable. Each measure retains its definition and period.
| Indicator | Value | Period / source |
|---|---|---|
| Residents from Georgia living in Guatemala | ||
| Residents from Guatemala living in Georgia | ||
| Study and training: Georgia in Guatemala | ||
| Study and training: Guatemala in Georgia | ||
| Academic stays: Georgia in Guatemala | ||
| Academic stays: Guatemala in Georgia | ||
| Travel: Georgia to Guatemala | ||
| Travel: Guatemala to Georgia |
What each figure measures
Residents are counted by nationality and the coverage of the stated register, not as people born in the other country or as new arrivals in one year. PERE includes dual nationals and people born outside Spain. Study with OPT and stays carrying academic credit are different measures. Travel may include several visits by the same person; FRONTUR arrivals require an overnight stay, whereas the Canadian survey includes day visits. These figures are neither added together nor automatically compared across directions.
Mobility data added or reviewed: 2026-10-07. Reference periods may be earlier.
Underlying ties
History, institutions and long-standing issues.
History and institutional framework
The foreign ministries signed a memorandum establishing political consultations on 6 March 2025. It was signed by Giorgi Zurabashvili and Eduardo Enrique Hernández Recinos, Guatemala's ambassador accredited to Georgia and resident in Ankara. [1]
The scale of both economies
Nominal GDP for Georgia is 38.1 billion USD (2025), compared with 123.3 for Guatemala (2025). The reference populations are 3.94 and 18.69 million, respectively. In the same year, the economy of Georgia was 0.309 times that of Guatemala in nominal GDP. The comparison provides context on market size, but does not, on its own, measure influence, well-being or diplomatic closeness. Estimates and their sources retain their labels in the tables. [2] [3]
Recent developments
Recent developments and latest available data · Review: 2026-10-08
Cooperation and bilateral issues
The signing took place on a day when Georgia's ministry received several non-resident ambassadors. Zurabashvili set out Georgia's European and security priorities and embassies' role in cooperation. The specific bilateral outcome is the creation of the consultation mechanism, without the source yet establishing a first round held under that framework. [1]
Sources and data
Periods and scope of the figures
Institutional sources and periods accompany each figure. Annual trade, investment positions, residents and visits are distinct measures. Empty cells do not mean zero. Statements of intent are not presented as project implementation or treaties in force.
- Bilateral relations — GEO-GTM
mfa.gov.ge · Institutional source · Accessed: 2026-10-08
- Official series — gdp
World Bank · Institutional source · Accessed: 2026-10-07
- Official series — population
World Bank · Institutional source · Accessed: 2026-10-07