Consumer Lifestyles in Guatemala - New Report Available
The economy in Guatemala is agriculture-driven and, in turn, many consumers are low-skilled and low-paid, leading to relatively low levels of consumption. While the state of the economy and the tight job market are concerns to Guatemalans, improving consumer confidence has also been stymied by household incomes that have increased only slightly (in real terms) over the past several years. A large proportion of household spending is funded by remittances sent home by Guatemalan workers in the US.
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