Investment in the light manufacturing sector in Guatemala
In 2012, this sector accounted for 19.11% of the nation’s GDP, generating approximately US$9.53 billion in revenues.
Guatemala seeks to position itself as a world class investment destination in the electronics, refrigeration equipment, car parts, plastics, pharmaceutical products, medical devices, cosmetics, and software development, among other light manufacturing sectors.
Why should you consider investing in these sectors?
- In the period of 2007-2011, the sector has represented a total average of 22.3% of the total FDI in each year, generating US$885.1 million in investment, Most of this investments comes from the USA, Mexico, and South Korea. This has allowed multinational companies like Bayer, Procter & Gamble, Rayovac, DuPont, 3M, Henkel, Isuzu, and Sumitomo to establish operations and grow in the country.
- In the period 2001 -2012, the sector production grew more than 150%, producing US$ 8 billion in 2012.
- In 2011 only, it generated US$149.7 million in revenues nationwide.
For more information about the light manufacturing sector, please click here.