Seminar paper from the year 2002 in the subject Economics - Case Scenarios, grade: 2,0, Wiesbaden University of Applied Sciences, language: English, abstract: Since its independence from Spain in September 1821, Guatemala suffered from the several rules which consisted of dictatorships, insurgencies, coups, Guerrilla fights and times of military rule. Only in 1985 the situation began to change and the various governments which followed tried to create a republic of peace, which protects the human rights and fights illiteracy, deficient health and social services, infant mortality, violence and corruption and forces the economical growth. The economy of Guatemala is the largest in Central America. This report attempts to cover the most important information about the current economic situation in Guatemala and attempts to provide some interesting and necessary background information about the country.