Economy of Guatemala At End of 2014

The activities of mining, manufacturing and agriculture account for most of the growth projected by the Central Bank for 2014.

Friday, December 19, 2014

According to the preliminary report from the Bank of Guatemala, the economy will have grown by 4% by the end of 2014, and it is expected that in 2015 growth will be between 3.9% and 4.1%. It is expected that by the end of the year, exports will have increased by 7.7% compared to 2013.

The president of the organization, Julio Suarez told Eleconomista.net that "... Guatemala's economy grew by 2.9% in 2010 and its peak in the last five years was reached in 2011, when there was a rise of 4.2% with a Gross Domestic Product (GDP) of $25.875 million. "

He added that "... The country's GDP, measured based on the eleven most important economic activities of the nation, had as its main strongholds mining and quarrying, manufacturing and agriculture. "

Read the full report here


¿Busca soluciones de inteligencia comercial para su empresa?



More on this topic

Difficulties for the Guatemalan Economy

June 2018

The poor performance of the mining sector and the decline in the export price of sugar and coffee could have a negative impact on the outlook for economic growth this year.

According to Bank of Guatemala (Banguat), the recent performance of short-term indicators of economic activity such as the Monthly Index of Economic Activity, imports and family remittances, among other things, they anticipate a performance consistent with the estimate for the end of the year, which ranges between 3% and 3.8%.

Guatemala's Economy up to October 2014

October 2014

Economic activity grew by 4.3% at the end of the second quarter, with the sectors Agriculture and Private Services achieving the best results.  

From the report by the Bank of Guatemala:

In the second quarter of 2014, economic activity measured by estimating real GDP showed a growth of 4.3% (4.7% in the same quarter of the previous year) as a result of the growth recorded by components in demand, among which were private consumption expenditure, recovery of investment in fixed capital and the observed growth in the volume of exports and imports of goods and services.

Prospects for Nicaragua's Economy

August 2014

The Central Bank has cut its growth forecast for GDP for the year to 4% - 4.5% and expects inflation to be between 6.55% and 7.5%, higher than initially expected.

From the executive summary of the report "State of the Economy and Prospects, First Semester 2014":

At the end of the first half of the year, the Nicaraguan economy is maintaining positive growth rate, mainly driven by external demand and improved terms of trade.

Panamanian Economy Grows by 10.4%

September 2012

In the second quarter of 2012, Panama's economy grew at a rate of 10.4%.

This increase is in addition to the first quarter, when the rate was 10.6%.

If the trend continues, year-end growth could exceed the expectations of 10% set by the Government.

An article in Prensa.com highlights developments in "commerce in the Colon Free Zone, hotels, air transport, port activities and the Panama Canal", as well "mining and quarrying, manufacturing , construction, energy, trade, banking, telecommunications and real estate. "

ok