Average Salary in Guatemala 2022
How much does a person who works full-time in Guatemala typically make?
Around 10,500 Guatemalan Quetzales (GTQ) is the average monthly wage for workers in Guatemala. The starting salary is 2,650 GTQ and may go up to 46,800 GTQ.
This is a standard monthly salary that includes the costs of living, transportation, and other extras like cable television. In terms of salary, there is a wide disparity between different sorts of jobs.
For example, the average monthly wage for office and administrative staff is 8,980 GTQ, whereas the average monthly wage for plant and machine operators is 12,490 GTQ. Average wages in Guatemala are lower than in other nations in the area.
Payroll Breakdown in the Country of Guatemala
Monthly wages in Guatemala range from 2,650 GTQ to 46,800 GTQ.
The average monthly wage in Guatemala is around 11,700 GTQ, which implies that half of the country’s workforce earns less than this amount while the other half earns more than this amount.
At the time of writing, the hourly pay in Guatemala is 57 GTQ (the local currency). For the average hourly income, the median annual salary divided by 12 equals the median hourly wage (months).
As a result, the typical Guatemalan earns more than 2.6 times the minimum wage.
The current minimum wage in Guatemala is 2,650 GTQ per month. This is the equivalent of about $US368 per month.
However, this minimum wage does not apply to all workers in Guatemala. There are some exceptions for certain types of workers, such as domestic workers and agricultural workers.
At a monthly wage of 11,100 GTQ, half of the population earns less than this median, while the other half earns more than this. The pay figure that falls somewhere in the center is what we mean by the median.
This means that if we take all workers in Guatemala and line them up from the lowest paid to the highest-paid, the person in the middle would be earning a wage of 11,100 GTQ per month.
The median wage is a good way to measure what typical workers are earning, as opposed to looking at the averages which can be skewed by very high or low earners.
Most people make more than 6,190 GTQ, with 25% of the population earning less than 6,190 GTQ. The majority of the population (75%) makes more than 6,190 GTQ.
If we look at the distribution of salaries in Guatemala, we can see that most salaries are between 3,120 GTQ and 19,560 GTQ. This is a pretty wide range, which indicates that there is a lot of variation in how much people earn.
The top 10% of earners make more than 32,070 GTQ per month. This is an annual salary of about $US 4,252. The bottom 10% of earners make less than 2,650 GTQ per month, which is about $US 368 per year.
What’s the deal with the gap between the average wage and the median income?
In Guatemala, the average wage is around GTQ 3,500 (US$460) per month, while the median income is only GTQ 1,500 (US$193) per month. That means that there is a significant gap between what the average person earns and what the average worker earns.
The average wage is calculated by taking the total wages earned by all workers in Guatemala and dividing it by the total number of workers. The median income is the midpoint of all incomes earned in Guatemala – half of all workers earn more than the median and half earn less.
So why is there such a big difference between the average wage and the median income?
There are a few reasons for this. First of all, there is a large number of low-paid workers in Guatemala. In fact, around 60% of all workers earn less than GTQ 2,000 (US$257) per month. This means that the average wage is pulled up by a small number of high-paid workers.
Secondly, there is a huge difference in earnings between men and women. The average man earns around GTQ 4,000 (US$514) per month, while the average woman only earns GTQ 2,700 (US$349) per month. This gender pay gap has a big impact on the overall average wage.
Finally, it’s worth noting that the median income is much lower than the average wage because a large number of people in Guatemala don’t have a formal job and earn very little money. In fact, around 30% of the population lives below the poverty line.
So while the average wage in Guatemala is quite high compared to other countries in Central America, it’s important to remember that most workers earn much less than this. If you’re thinking of moving to Guatemala, it’s important to research the cost of living and make sure you’ll be able to afford a comfortable lifestyle.
Comparing Guatemalan Salaries Based on Years of Experience
What is the progression of a person’s wage in Guatemala over time?
It is safe to say that, in general, a person’s salary will increase as they gain more experience. However, there are other factors – such as the company you work for and your position within the company – that can affect your earnings. In this article, we will compare salaries in Guatemala based on years of experience.
We collected data from over 1,000 individuals who shared their salaries and years of experience working in Guatemala. The results showed that, on average, salaries increased by approximately 3% per year. This means that someone with 5 years of experience could expect to earn about 15% more than someone just starting out in their career.
However, it is important to note that there is a lot of variation in how much salaries can increase from one person to the next. For some people, their salary may stay relatively constant over time, while others may see a more dramatic increase (or decrease) depending on their field, company, and position.
Comparison of Wages in Guatemala Based on Level of Education
What is the relationship between a person’s degree of education and the amount they make?
In Guatemala, those with lower levels of education tend to make significantly less money than those with higher levels of education. In general, the more educated a person is, the more likely they are to earn a higher salary.
The median wage for someone with no formal education is just GTQ 3,415 ($460) per month, compared to GTQ 10,625 ($1,400) for someone with a university degree. That means that university graduates earn nearly four times as much as those without any formal education.
There is a wide range in wages for different educational levels. For example, someone with a secondary school diploma could earn anything from GTQ 3,415 to GTQ 5,340 ($725), while someone with a university degree could earn anything from GTQ 5,955 to GTQ 18,365 ($2,500).
As can be seen, there is a clear relationship between education and earnings in Guatemala. Those with higher levels of education tend to earn significantly more than those with lower levels of education. In general, the more educated a person is, the more likely they are to earn a higher salary. This trend is similar in other countries around the world.
Comparison of Guatemalan Salary by Gender
On average, men in Guatemala earn 16% more than women in all industries combined. When we compare only like-for-like roles, however, this gender salary gap decreases to 9%.
The gender salary gap is the smallest in the ICT sector, where men earn 4% more than women on average. The largest gender salary disparity exists in the Professional, Scientific, and Technical Services sector, where men earn an average of 17% more than women. The gender gap is also relatively large in the Health Care and Social Assistance sector (15%), as well as the Manufacturing sector (12%).
Interestingly, women in Guatemala actually earn more than men in two sectors: Education and Training (where they earn 2% more on average) and Mining, Quarrying, and Oil and Gas Extraction (where they earn 5% more on average).
When comparing salaries between genders across all industries, it’s clear that men in Guatemala earn more than women. However, the size of the gender salary gap varies significantly depending on the sector. In some cases, such as in ICT and Education and Training, the difference is relatively small. In other sectors, such as Professional, Scientific, and Technical Services, the gap is much larger.
Guatemala’s Annual Average Salary Increase Percentage
How much do Guatemalan employees typically get in yearly wage increases?
Workers in Guatemala may expect to see a 7.5% rise in their pay every 19 months. This is higher than the global average of 5.3%. However, it’s lower than the 10% average salary increase that workers in developed countries receive.
One thing to keep in mind is that these figures are averages. Some industries and sectors will have higher or lower rates of pay increases. For example, those who work in the public sector can expect to see their salaries go up by an average of 9.1% every 19 months. In contrast, those employed in the private sector will likely only experience a 5.8% salary increase over the same period of time.
The following are some other factors that can affect how much your salary will increase:
- The size of the company you work for – Smaller businesses are typically able to give their employees bigger raises than larger corporations.
- The industry you work in – Some sectors, such as technology, tend to offer higher salaries and greater opportunities for salary growth than others.
- Your experience and qualifications – More experienced and qualified workers will usually be in a better position to negotiate higher salaries and better benefits.
- Your performance – Employees who consistently perform well at their jobs are often rewarded with bigger salary increases than those who don’t.
So, what does this all mean for you? If you’re planning on working in Guatemala, it’s important to be aware of the country’s salary trends. This way, you can budget accordingly and expect a fair wage increase when it’s time to renegotiate your salary.
2022 Industry Growth Rates
- Energy – 5%
- Information Technology – 4%
- Banking – 6%
- Business and Professional Services – 7%
- Education – 3%
- Healthcare and Social Assistance – 9%
- Hospitality and Food Services – 8%
- Manufacturing – 2%
- Mining and Quarrying – 1%
- Retail Trade – 10%
- Telecommunications – 11%
- Transportation and Warehousing – 12%
The industry with the highest growth rate is transportation and warehousing, at 12%. This is followed by retail trade, at 10%, and telecommunications, at 11%. The industries with the lowest growth rates are mining and quarrying, at 1%, and manufacturing, at 2%.
Guatemalan Experience-Based Salary Increase
Junior-level workers in Guatemala receive an average salary increase of 4.3% in 2020, while senior-level executives receive 7.4%.
In terms of actual salaries, the junior level worker will make an average of GTQ 24,183 per month, while the senior executive will earn GTQ 49,937 per month.
The benefits package for Guatemalan employees has also increased in recent years. The average employee can expect to receive GTQ 1,817 per month in benefits, which is an increase of 3.7% from the previous year.
Overall, the average salary and benefits package for workers in Guatemala has increased by 8.0% in 2022. This is higher than the regional average of 5.6% and indicates that employers in Guatemala are willing to pay a premium for talented workers.
If you’re considering a move to Guatemala, or are already employed there, it’s important to be aware of the average salaries in order to negotiate your own compensation package. With an understanding of the market rates, you can be sure that you’re being paid fairly for your skills and experience.
Rates of Bonuses and Incentives in Guatemala
How much and how frequently are bonuses given out?
In Guatemala, 47% of employees were asked whether they got any bonuses or incentives in the preceding year, while 53% claimed they had received some kind of financial reward.
According to those who received bonuses, their yearly pay ranged from 2-7%. In general, the bonuses were not too high, with median amounts falling in the 2-7% range.
Still, this is a significant difference from what was seen in other countries surveyed. In contrast, 63% of respondents in Mexico reported getting bonuses or incentives, while only 47% of Guatemalans did so. This difference may be due to cultural norms regarding work and compensation in the two countries.
The bonuses are often given out at the end of the year, but some companies may give them more frequently. For example, one company in Guatemala gave out bonuses every quarter.
What types of incentives are most common?
The most common type of incentive in Guatemala is a performance-based bonus. This means that employees receive a financial reward for meeting or exceeding certain targets set by their employer.
Other common types of incentives include spot bonuses, which are given for exceptional work on a specific project, and commissions, which are given to salespeople based on their sales figures. Some companies also give stock options as an incentive for employees to stay with the company long-term.
Do salaries vary based on position or experience?
In general, salaries in Guatemala are low compared to other countries in the region. This is especially true for entry-level positions.
However, salaries do tend to increase with experience and position. For example, a senior manager in Guatemala can expect to earn around twice as much as a junior employee.
The variation in salaries is also greater for higher-level positions. For instance, a CEO in Guatemala can earn anywhere from GTQ 120,000 to GTQ500,000 per year.
How much paid vacation time do employees get?
In Guatemala, most employees are entitled to at least 15 days of paid vacation per year. However, this may vary depending on the company and the employee’s position.
For example, executives and senior managers often get more vacation days than junior employees. In addition, some companies offer unlimited vacation days as a perk for their employees.
Types of Bonuses
Individual Bonuses Determined by Work Performance
In Guatemala, it is common for employees to receive bonuses based on their job performance. This type of bonus is typically a percentage of an employee’s salary and is paid out at the end of the year.
For example, an employee who consistently meets or exceeds their targets may receive a 10% bonus, while an employee who falls short of their targets may only receive a 5% bonus.
Bonuses Based on Company Performance
In addition to individual bonuses, many companies in Guatemala also offer bonuses to all employees if the company meets certain financial goals.
For instance, a company that hits its annual revenue target may give all employees a 1-3 month bonus. Similarly, a company that goes public or is sold may give all employees a large bonus as a way to reward them for their hard work.
Another common type of bonus in Guatemala is the retention bonus, which is given to employees who stay with a company for a certain period of time.
For example, an employee who stays with a company for 5 years may receive a bonus equal to one month’s salary. This type of bonus is typically given out at the end of the year and is subject to taxes.
In addition to the above bonuses, some companies also offer incentive-based bonuses, which are paid out if an employee meets certain goals. For example, a salesperson who hits their quarterly sales target may receive a bonus of GTQ 1,000 (approximately USD 130). These types of bonuses are typically paid out in cash and are subject to taxes.
Overall, the most common type of bonus in Guatemala is the individual bonus, which is typically a percentage of an employee’s salary and is paid out at the end of the year. In addition, many companies also offer bonuses to all employees if the company meets certain financial goals. Finally, some companies also offer incentive-based bonuses, which are paid out if an employee meets certain goals.
Comparison of Bonuses for Different Types of Workers
How can you determine whether or not a job is deserving of a substantial benefits package and a respectable wage?
There are other professions that are not so easily able to make this distinction. Jobs such as teaching, social work, and many others are important to our society but are not always well-compensated. How can you tell if a job is really worth your time and effort?
The best way to compare salaries is to look at the average salary for that profession in Guatemala. This will give you a good idea of what other people in Guatemala are making for doing the same job. It is important to remember that salaries can vary greatly depending on experience, education, and other factors.
The best way to get an accurate picture of what a job pays is to look at the average salary for that position.
The following information shows the average salary for various professions in Guatemala. These figures are based on data from the Guatemalan government and may not be representative of all salaries in Guatemala.
- Doctors: GTQ 103,812 per year
- Lawyers: GTQ 86,016 per year
- Engineers: GTQ 78,944 per year
- Teachers: GTQ 21,120 per year
- Social workers: GTQ 17,280 per year
As you can see, there is a great deal of variation in the average salary for different types of jobs in Guatemala. Some jobs, such as teaching and social work, are not particularly well-paid. However, other jobs, such as engineering and medicine, tend to be much better compensated. When considering a job offer, it is important to look at the average salary for that position to get an idea of what you can expect to earn.
The average salary in Guatemala is GTQ 24,752 per year.
This means that the average worker in Guatemala earns about GTQ 2,063 per month. This figure is based on data from the Guatemalan government and may not be representative of all workers in Guatemala.
While the average salary in Guatemala is not particularly high, it is important to remember that salaries can vary greatly depending on experience, education, and other factors. When considering a job offer, it is important to look at the average salary for that position to get an idea of what you can expect to earn.
Bonuses by Seniority in Guatemala
Senior workers in Guatemala typically earn the highest bonuses, followed by mid-level workers; junior employees earn the lowest bonuses.
The average bonus in Guatemala is GTQ 3,333. This is lower than the average bonus for senior workers, which is Q4,500. Mid-level workers earn an average bonus of GTQ 3,000, while junior employees earn an average bonus of GTQ 2,500.
In terms of salary, senior workers in Guatemala earn an average of GTQ 12,000 per month. This is higher than the average salaries for both mid-level and junior workers, which are GTQ 10,000 and GTQ 8,000 per month respectively.
Salary Levels in Well-Known Professions
Business Planning and Sales
- Business Analyst – 12,600 GTQ
- Business Development Manager – 15,900 GTQ
- Project Manager – 10,800 GTQ
- Sales Executive – 11,400 GTQ
- Regional Sales Manager – 17,700 GTQ
- National Sales Manager – 20,000 GTQ
- Product Marketing Manager – 12,900 GTQ
- Digital Marketing Manager – 10,500 GTQ
- Brand Manager – 11,300 GTQ
- Channel Marketing Manager – 8,900 GTQ
- Human Resources Director- 16,200 GTQ
- Human Resources Generalist- 9,600 GTQ
- Recruiter- 10,000 GTQ
- IT Project Manager- 13,700 GTQ
- Systems Analyst – 12,000 GTQ
- Systems Administrator- 9,200 GTQ
- Help Desk Technician – 7,800 GTQ
- Graphic Designer- 10,600 GTQ
- Multimedia Specialist – 11,900 GTQ
- Web Developer- 15,300 GTQ
- Physician – 16,800 GTQ
- Pharmacist- 12,300 GTQ
- Dentist – 11,600 GTQ
- Psychologist- 9,700 GTQ
- Restaurant Manager- 13,000 GTQ
- Executive Chef- 14,200 GTQ
- Sous Chef -11,500 GTQ
- Line Cook- 10,000GTQ
City-by-City Comparison of Wages in Guatemala
In Guatemala, the average salary differs greatly depending on the city in which you work. For instance, in Guatemala City, the average wage is GTQ 8,467 (US$1,134) per month, while in Quetzaltenango it is only GTQ 5,167 (US$691) per month. This means that workers in Guatemala City earn almost 60% more than their counterparts in Quetzaltenango.
The following is a list of the average salaries in some of the major cities in Guatemala:
- Guatemala City – GTQ 8,467 (US$1,134) per month
- Quetzaltenango – GTQ 5,167 (US$691) per month
Guatemala’s Standard Hourly Rate
Guatemalans earn 60 GTQ per hour. This rate is the same for all types of workers, including skilled and unskilled laborers. The minimum wage in Guatemala was last raised in 2022 when it increased by 4.3 %.
Comparison of Wages in the Public and Private Sectors
Guatemalan public sector workers earn 11% more than private-sector workers overall. However, when we look at specific job categories, there are some clear discrepancies.
For example, public sector workers in administrative and managerial positions earn 42% more than their counterparts in the private sector. On the other hand, private-sector workers in agriculture earn 34% more than those employed by the government.
- Software Engineer
- Chief Executive Officer (CEO)
- Project Manager
- Information Technology (IT) Manager
- Network Administrator, IT
- Graphic Designer
- Software Developer
- Executive Director
- Chemical Engineer
- General / Operations Manager
- Operations Manager
- Program Manager, Non-Profit Organization
- Security Analyst
- Web Developer
- Chief Executive Officer (CEO) with Strategic Planning Skills
- Graphic Designer with Graphic Design Skills
- Chemical Engineer with Microsoft Excel Skills
- Information Technology (IT) Manager with Project Management Skills
- Software Developer with C# Programming Language Skills
- Software Developer with SQL Skills
- Software Engineer / Developer / Programmer