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Economy, jobs and prices in Izabal, Guatemala: official figures

71.7% of households in Izabal had an improved source of drinking water in 2023, 10th lowest of 22 departments.

GDP per capita 2024
Q54,310
2024
Workers contributing to IGSS
44,297
2024
Average IGSS contribution salary
Q5,004
2024

How many households in Izabal have improved sanitation?

65.2% of households in Izabal had improved sanitation in 2023, 11th lowest of 22.

Source: Instituto Nacional de Estadística (INE) · saved copy

How many households in Izabal have electricity?

79.8% of households in Izabal were connected to the electricity grid in 2023, 2nd lowest of 22.

Source: Instituto Nacional de Estadística (INE) · saved copy

What is the GDP of Izabal?

Banguat puts the GDP of Izabal at Q25,188 million in 2024 at current prices, 2.9% of the national Q878,387 million, 10th highest of 22 departments (preliminary).

Source: Banco de Guatemala (Banguat) · saved copy

What is the GDP per capita in Izabal?

GDP per person in Izabal was Q54,310 in 2024 against Q49,228 nationally, 5th highest of 22 departments (Banguat, preliminary).

Source: Banco de Guatemala (Banguat) · saved copy

How fast is income per person growing in Izabal?

GDP per person in Izabal rose 29.2% between 2019 and 2024 at current prices, from Q42,050 to Q54,310 (national: 37.6%).

Source: Banco de Guatemala (Banguat) · saved copy

How fast is the economy of Izabal growing?

After adjusting for prices, GDP in Izabal grew 1.4% in 2024 (national: 3.7%), 3rd slowest of 22.

Source: Banco de Guatemala (Banguat) · saved copy

Has the economy of Izabal grown since 2013?

Real GDP in Izabal was 38.3% higher in 2024 than in 2013 (national: 46.9%); its share of national GDP moved from 2.9% in 2013 to 2.9% in 2024.

Source: Banco de Guatemala (Banguat) · saved copy

How many people in Izabal have formal jobs?

44,297 workers in Izabal contributed to the IGSS social security institute in 2024, 2.7% of the 1,659,137 nationally, 4th highest of 22 departments.

Source: Instituto Guatemalteco de Seguridad Social (IGSS) · saved copy

What share of people in Izabal are in formal employment?

That is 9.6 IGSS contributors for every 100 residents of Izabal, against 9.3 nationally, 5th highest of 22 (IGSS 2024; INE population projection for mid-2024).

Source: Instituto Guatemalteco de Seguridad Social (IGSS) · saved copy

Is formal employment growing in Izabal?

The number of IGSS contributors in Izabal rose 17.5% between 2019 and 2024, from 37,710 to 44,297 (national: 22.8%), the slowest of 22.

Source: Instituto Guatemalteco de Seguridad Social (IGSS) · saved copy

How has the number of formal workers in Izabal changed since 2012?

Since 2012 the number of IGSS contributors in Izabal has gone from 26,266 to 44,297, a change of 69% (national: 40%).

Source: Instituto Guatemalteco de Seguridad Social (IGSS) · saved copy

How many registered employers are there in Izabal?

812 employers in Izabal were registered as IGSS contributors in 2024, an average of 55 contributing workers per employer (national: 45).

Source: Instituto Guatemalteco de Seguridad Social (IGSS) · saved copy

What is the average salary in Izabal?

The average contribution salary of IGSS workers in Izabal was Q5,004 in 2024 (national: Q5,681), 7th lowest of 22 departments.

Source: Instituto Guatemalteco de Seguridad Social (IGSS) · saved copy

How much do formal workers in Izabal earn in total?

Salaries declared to IGSS for Izabal totalled Q2,660 million in 2024, 2.4% of the national total, 5th highest of 22.

Source: Instituto Guatemalteco de Seguridad Social (IGSS) · saved copy

Are wages in Izabal higher than the national average?

IGSS contributors in Izabal had an average salary below the national average by Q676 in 2024, while GDP per person was 110% of the national level.

Source: Instituto Guatemalteco de Seguridad Social (IGSS) · saved copy

How Izabal compares with other departments

GDP (million quetzales, current prices) (2024)

Izabal ranks 10 of 22, highest first.

RankRegionGDP (million quetzales, current prices)
7ChimaltenangoQ26,899m
8QuicheQ25,686m
9PetenQ25,525m
10IzabalQ25,188m
11SuchitepequezQ23,389m
12SacatepequezQ20,323m
13JutiapaQ18,283m
Source: Banco de Guatemala (Banguat) · saved copy

GDP per capita (quetzales) (2024)

Izabal ranks 5 of 22, highest first.

RankRegionGDP per capita (quetzales)
2EscuintlaQ93,257
3El ProgresoQ59,661
4ZacapaQ56,184
5IzabalQ54,310
6SacatepequezQ49,030
7RetalhuleuQ45,129
8QuetzaltenangoQ40,239
Source: Banco de Guatemala (Banguat) · saved copy

Real GDP growth 2024 (2024)

Izabal ranks 20 of 22, highest first.

RankRegionReal GDP growth 2024
16San Marcos2.5%
17Zacapa2.3%
18Escuintla1.8%
19Alta Verapaz1.6%
20Izabal1.4%
21El Progreso1.2%
22Peten0.9%
Source: Banco de Guatemala (Banguat) · saved copy

Workers contributing to IGSS social security (2024)

Izabal ranks 4 of 22, highest first.

RankRegionWorkers contributing to IGSS social security
1Guatemala910,278
2Escuintla150,925
3Quetzaltenango70,618
4Izabal44,297
5Sacatepequez43,926
6Alta Verapaz42,987
7San Marcos40,747
Source: Instituto Guatemalteco de Seguridad Social (IGSS) · saved copy

IGSS contributors per 100 residents (2024)

Izabal ranks 5 of 22, highest first.

RankRegionIGSS contributors per 100 residents
2Escuintla18.1
3Sacatepequez10.6
4Zacapa10.1
5Izabal9.6
6Retalhuleu8.7
7Quetzaltenango7.4
8El Progreso6.7
Source: Instituto Guatemalteco de Seguridad Social (IGSS) · saved copy

Growth in IGSS contributors 2019-2024 (2019-24)

Izabal ranks 22 of 22, highest first.

RankRegionGrowth in IGSS contributors 2019-2024
16Santa Rosa27.6%
17Zacapa25.6%
18San Marcos24.2%
19Suchitepequez23.4%
20Escuintla19.2%
21Guatemala18.2%
22Izabal17.5%
Source: Instituto Guatemalteco de Seguridad Social (IGSS) · saved copy

Average IGSS contribution salary (quetzales) (2024)

Izabal ranks 16 of 22, highest first.

RankRegionAverage IGSS contribution salary (quetzales)
13QuetzaltenangoQ5,137
14ChimaltenangoQ5,070
15El ProgresoQ5,065
16IzabalQ5,004
17ZacapaQ4,992
18PetenQ4,787
19SuchitepequezQ4,686
Source: Instituto Guatemalteco de Seguridad Social (IGSS) · saved copy

IGSS payroll (million quetzales) (2024)

Izabal ranks 5 of 22, highest first.

RankRegionIGSS payroll (million quetzales)
2EscuintlaQ8,213m
3QuetzaltenangoQ4,354m
4Alta VerapazQ2,701m
5IzabalQ2,660m
6San MarcosQ2,565m
7HuehuetenangoQ2,403m
8SacatepequezQ2,361m
Source: Instituto Guatemalteco de Seguridad Social (IGSS) · saved copy

Households with improved drinking water (ENCOVI) (2023)

Izabal ranks 13 of 22, highest first.

RankRegionHouseholds with improved drinking water (ENCOVI)
10Chimaltenango78.1%
11Jalapa73.6%
12Quiche72.1%
13Izabal71.7%
14Chiquimula71.5%
15Huehuetenango69.6%
16Peten69.3%
Source: Instituto Nacional de Estadística (INE) · saved copy

Households with improved sanitation (ENCOVI) (2023)

Izabal ranks 12 of 22, highest first.

RankRegionHouseholds with improved sanitation (ENCOVI)
9Zacapa71.9%
10Quetzaltenango67.1%
11Chiquimula65.8%
12Izabal65.2%
13Chimaltenango62.4%
14Retalhuleu61.5%
15Jalapa52.7%
Source: Instituto Nacional de Estadística (INE) · saved copy

Households connected to the electricity grid (ENCOVI) (2023)

Izabal ranks 21 of 22, highest first.

RankRegionHouseholds connected to the electricity grid (ENCOVI)
16San Marcos82.8%
17Huehuetenango82.8%
18Quiche81.3%
19Baja Verapaz80.7%
20Peten80.5%
21Izabal79.8%
22Alta Verapaz50.7%
Source: Instituto Nacional de Estadística (INE) · saved copy

More on Izabal: overview · health · education and schools · poverty and living standards · Guatemala

Sources

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