Electricity Consumption Rises in Guatemala

Demand for electric energy is growing since early July, with many considering it a recovery sign for the economy.

Wednesday, August 26, 2009

An article in Elperiodico.com.gt reports: "In the first half of the year, electricity demand was low, due to economic deceleration. However, starting July demand has increased, reaching 1.400 MW, a similar level to last year's high".

The water level at the dams of hydroelectric power plants is low because of scarce levels of rain this year, but a recovery is expected. If this doesn't happen, the country will resort to generating electricity with more expensive fuel plants, increasing electricity costs.

More on this topic

Central American Economy: First Half of 2010

September 2010

Central America may be directly impacted by the slowdown in the recovery of the world economy.

For the time being, the region's measures of external and internal demand do not seem affected by the threat of lower growth rates for the economies of partner developed countries.

FMI: Central America Outlook

October 2010

Slow recovery tied to a lagging U.S. economy, 3% growth in 2010 due to increased domestic consumption and rising remittances and international trade.

The countries in Central America are recovering gradually, led by a rebound indomestic demand (following its sharpcontraction in 2009), which has partly spilled over into imports.

Guatemala Increases Tax Collection

November 2009

Tax collection was higher in October 2009 than the same month of last year, making it the first month in 2009 to be above 2008 levels.

According to data from the Tax Authority, $448 million were collected last month, $4 million more than October 2008.

"Yearly collection is still below 2008 levels, mainly because exports dropped 26.3%", reported Elperiodico.com.gt.

Economic Recovery Shows on Financial Statements

May 2010

Consumption is slowly recovering in Guatemala, translating into increased sales and profits for companies registered at the National Stock Exchange.

The 18 companies with enlisted bonds at the stock exchange (BNV) published financial statements which show increased sales and profits.

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