11-04-2011, 05:05 PM
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see you later, I'm gone
Industry Role:
Join Date: Oct 2002
Posts: 14,100
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Quote:
Originally Posted by DudeRick
Thats Socialism for ya...  |
http://www.state.gov/r/pa/ei/bgn/2045.htm
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Guatemala's economy is dominated by the private sector, which generates nearly 90% of GDP. Agriculture contributes 13.3% of GDP and accounts for 26% of exports. Most manufacturing is light assembly and food processing, geared to the domestic, U.S., and Central American markets. Over the past several years, tourism and exports of textiles, apparel, and nontraditional agricultural products such as winter vegetables, fruit, and cut flowers have boomed, while more traditional exports such as sugar, bananas, and coffee continue to represent a large share of the export market.
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According to the World Bank, Guatemala has one of the most unequal income distributions in the hemisphere. The wealthiest 20% of the population consumes 51% of Guatemala?s GDP. As a result, about 51% of the population lives on less than $2 a day and 15% on less than $1 a day.
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But don't let facts get in your way 
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