Guatemala City (Spanish: Ciudad de Guatemala), 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 (English: Hermitage Valley). It is estimated that its population is about 1 million. Guatemala City is also the capital of the Municipality of Guatemala and of the Guatemala Department.
Guatemala City is the site of the Mayan city of Kaminaljuyu, founded around 1500 BC. Following the Spanish conquest, a new town was established, and in 1776 it was made capital of the Kingdom of Guatemala. In 1821, Guatemala City was the scene of the declaration of independence of Central America from Spain, after which it became the capital of the newly established United Provinces of Central America (later the Federal Republic of Central America). In 1847, Guatemala declared itself an independent republic, with Guatemala City as its capital. The city was originally located in what is now Antigua Guatemala, and was moved to its current location in 1777. Guatemala City and the original location in Antigua Guatemala were almost completely destroyed by the 1917–18 earthquakes. Reconstructions following the earthquakes have resulted in a more modern architectural landscape. Today, Guatemala City is the political, cultural, and economic center of Guatemala. It is served by La Aurora International Airport.
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 sophisticated 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.
Guatemala City is divided into 22 zones in accordance with the urban layout plan designed by Raúl Aguilar Batres. Each zone has its own streets and avenues, facilitating navigation within the city. Zones are numbered 1 through 25. However, numbers 20, 22 and 23 have not been designated to zones, thus these zones do not exist within the city proper.
