Guatemala: A country of small business

90% of the companies that operate in Guatemala are micro business that have 1 to 5 employees, according to data from the National Business Directory.

Wednesday, September 10, 2008

7.8% (15,253) are small companies with 6 to 19 employees; 2% (3,897) are medium companies with between 20 to 99 employees; and 0.3%, some 604 companies, are large business with more than 100 employees.

More on this topic

Why do SMEs fail?

March 2012

Over 50% of SMEs fail before they are three years old, 90% are no more than five years old and only 10% survive.

In the case of Nicaragua the subject is sensitive, "because 60 percent of its business backbone is made up of micro, small and medium enterprises, which account for 40 percent of gross domestic product (GDP), estimated at more than six billion dollars.

Nicaragua: Micro, small and medium enterprise development project

April 2008

The Wordl Bank project supports the update of the Government’s Poverty Reduction Strategy under the National Human Development Plan, which has an emphasis on private sector development.

During the past six years, Nicaragua has experienced macroeconomic stability with steady positive GDP growth, low inflation, stable exchange rates and declining interest rates.

Micro, Small and Medium businesses drive employment in Central America

November 2008

The labor panorama in CA indicates that the main generator of employment are the micro businesses that carry out non-agricultural activities.

Based on reports from Costa Rican analyst, Juan Diego Trejos, almost 50% of employment is concentrated in "low production, non-agricultural activities," that is, self-owned businesses, companies with less that 10 employees; in most cases these are informal companies.

MSMEs: Adjustments to Minimum Wage

February 2012

A rate of 10% per year was agreed for MSMEs in Nicaragua.

The National Minimum Wage Commission has decided that there will be a semi-annual adjustment of 118 Cordobas ($5.16) to the wages of workers in micro, small and medium businesses, according to review.

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