International Economic Development

Development Indicators | Guatemala | Grenada | Year | Source |

GNI per capita, Atlas method (current US$) | $3,340 | $7,460 | 2013 | World Bank World Development Indicators |

GNI per capita, PPP (current international $) | $7,130 | $11,120 | 2013 | World Bank World Development Indicators |

Growth Rate of GDP; Calculated by GDP (current US $), 2003 & 2013 | 9.39% | 3.41% | 2003-2013 | World Bank World Development Indicators |

Life expectancy at birth, total (years) | 71.7 | 72.6 | 2012 | World Bank World Development Indicators |

Mortality rate, infant (per 1,000 live births) | 26.5 | 11.4 | 2012 | World Bank World Development Indicators |

Literacy rate, adult total (% of people ages 15 and above) | 78.3% | 96%* | 2012

2003* | World Bank World Development Indicators

*The World Fact book |

Structure of economy; value added (% of GDP) | Agriculture: 11.2%Industry: 59.3%Services: 29.5% | Agriculture: 5.4%Industry: 83.5%Services: 11.1% | 2012 | World Bank World Development Indicators |

1. As reflected in the table above the developmental status between Guatemala and Grenada are relatively different. Although Guatemala has experienced an average growth of 9.39% in GDP, over the last 10 years, the country is still considered a “Lower middle-Income country” due to its Gross National Income of $3,340. Where even though, Grenada has only experienced a 3.41% average growth rate over the last 10 years, it is classified as an “upper middle-income country” due to its $7,460 GNI.

2. The difference between Gross National Product (GDP) in U.S. dollars and GDP at Purchasing Power Parity (PPP) is Gross National Product in U.S. dollars compares the value of all final goods and services produced in an economy in a given year. GDP using PPP is the number of units of a foreign currency required to purchase the same amount of goods and services at current prices in the United States. Based on the data above, if I where to travel to Guatemala or...