Guatemala City, Guatemala Department, Guatemala

🇬🇹 Guatemala City, locally known as Guatemala or Guate, officially Ciudad de Guatemala, is the capital and largest city of Guatemala, and the most populous urban area in Central America. The city is located in the south-central part of the country, nestled in a mountain valley called Valle de la Ermita. Guatemala City is also the capital of the Municipality of Guatemala and of the Guatemala Department. Guatemala City is the political, cultural, and economic centre of Guatemala.

Economy and Finance Guatemala City, as the capital, is home to Guatemala's central bank, from which Guatemala's monetary and fiscal policies are formulated and promulgated. Guatemala City is also headquarters to numerous regional private banks, among them CitiBank, Banco Agromercantil, Banco Promerica, Banco Industrial, Banco GyT Continental, Banco de Antigua, Banco Reformador, Banrural, Grupo Financiero de Occidente, BAC Credomatic, and Banco Internacional. By far the richest and most powerful regional economy within Guatemala, Guatemala City is the largest market for goods and services, which provides the greatest number of investment opportunities for public and private investors in all of Guatemala. Financing for these investments is provided by the regional private banks, as well as by foreign direct and capital investment, mostly from the United States. Guatemala City's ample consumer base and service sector is represented by the large department store chains present in the city, among them Siman, Hiper Paiz & Paiz (Walmart), Price Smart, ClubCo, Cemaco, Sears and Office Depot.