Software Export: Booming Business

Fiscal incentives and the growing demand for technological products at a global level are factors that have favored the growth of exports of Guatemalan software development companies.

Thursday, June 20, 2019

Businessmen in the sector specify that the most demanded services are software development, creation of technological applications, videogames, digital strategies for brand positioning, use of drones for studies and data analysis.

Although this type of exports is complex to measure, it is estimated that foreign exchange income from software exports exceeded in the first quarter of the year the total foreign sales reported in 2018, when $38 million were recorded. In this context, it is expected that by 2019 the amount of sales will double compared to the previous year.

See "Laptops and Tablets: Imports Up 16%

Devadit Barahona, president of the Board of Directors of the Software Commission of the Guatemalan Exporters Association (Agexport), explained to Prensalibre.com that the growth of the sector is influenced by "... the opportunity provided by the 19-2016 Decree through which software exporting companies have an incentive not to pay Income Tax for the first 10 years of their establishment. That was an incentive to develop the industry, and you can still qualify for it."

You may be interested in "Electronic Equipment: Consumer Interests in Costa Rica

Barahona added that "... the industry does not have a limit, and there is still enough space for software and applications to grow. Everyone can, or should, use technology for data analysis, administrative management, sales or positioning themselves on the Internet using digital tools. It is no longer the future, it is the present. As long as you solve something for some market, that's where we should go."

The software companies in the country generate an estimated 3,500 direct jobs and 27,000 indirect jobs in the technology industry, with the United States, Mexico, Central America, Dominican Republic and Costa Rica, as well as Japan and Germany, the main markets to which they export their products.

Do you need more information about your business sector?

Request more information:








this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

Export of Laboratory Services Grows

May 2012

In 2011, Guatemala exported laboratories services worth more than $19 million, anticipating that the figure will be close to $25 million at the end of 2012.

Zsolt Gerendas, coordinator of the laboratories commission at the Guatemalan Association of Exporters (Agexport), indicates that the main analysis work performed by Guatemalan laboratories is on samples of products like food and textiles, for export to the United States.

The Software Industry in Guatemala

February 2012

The rapid advance of the digital revolution offers global opportunities that Guatemalan developers are taking advantage of.

About 35 Guatemalan companies have made inroads into international markets with programs used by banks, corporations or applications sold via the Apple Store, reported ElPeriodico.com.gt.

Guatemala: Projected Drop in Exports

January 2011

The export sector dropped to 8% from 13.7% growth prospect for 2011.

The Guatemalan Association of Exporters (Agexport) reported that the 14.8% increase in the minimum wage for the textile sector is the reason for the low growth prospect.

"Projections indicated a growth of 13.7% to 15.4%, representing $ 1.112 billion more to the projected end of the year $ 8.144 million.

Guatemala: Call Centers will Generate 5.000 Jobs in 2011

December 2010

There is an estimated 30% increase in the sector´s outlook for next year.

The Commission on Contact Center & BPO, of the Guatemalan Association of Exporters (Agexport) noted that recruitment targets are subject to better English language training.

Ninoshka Linde, marketing director for 24 / 7 Customer, stated to Elperiodico.com.gt: "Next [year] we expect to continue growing, but that depends heavily on the bilingual talent available. We plan to reach 3 thousand people, or an increase of 1,200 new jobs."

 close (x)

Receive more news about Exports & imports

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Tailor made software for construction companies

O4Bi is a system that allows to control and manage what a company needs: the complete process of development of works, accounts receivable, treasury, banks, sales and accounting.
O4Bi is a very robust system that allows to control and...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Mar 27)
Brent Crude Oil
28.25
Coffee "C"
116.75
Gold
1,644
Silver
14.625