Guatemala: More Consumption and Less Investment

In the first quarter of the year consumption was up 4.7% and investment fell 11.6% relative to the same period of 2009.

Monday, August 30, 2010

The data form part of analysis conducted by the Guatemalan central bank, Banguat, on the economy's performance.

Economists consulted indicate their concern about the subject. Manuel Pérez Lara, ex member of the Monetary Committee comments that, "this is very dangerous because it is investment that drives improvements in the quality of life, productivity and development, not consumption," reports Prensalibre.com.

The 4.7% increase in consumption is the highest since the third quarter of 2008 when it registered a rise of 5.9%.

More on this topic

Consumption Slows in Costa Rica

October 2014

Spending is slowing in final household consumption, imports of consumer goods, bank lending for consumption and the monthly index of economic activity trade.  

Following the trend of slowdown seen in overall economic activity, consumer spending by Costa Ricans has lost dynamism, which is mainly seen in the expenses made ​​at supermarkets, gas stations and restaurants.

Costa Rica: Increase in Consumer Goods Imports

May 2011

The favorable exchange rate and greater range of financing options are responsible for the rise in overseas purchases.

Vehicles, cell phones and televisions are some of the most frequently purchased consumer goods bought abroad by Costa Ricans.

Between April 2010 and March this year, imports of consumer goods totaled 2.932 million, the highest amount in the last nine years.

Loans for Durable Goods Up 30.7% in Guatemala

May 2010

Banks loaned $248.1 million in the first quarter of 2010, 30.7% more than in the same period 2009, when they loaned $190 million.

As defined by the Guatemalan Banking Superintendence, durable goods include: furniture and household utensils, clothing and vehicles for personal use, material, study furniture and equipment, buildings and real estate mortgages.

Positive Signals for Consumption of Goods and Services in Guatemala

March 2010

In January, sales of goods and services increased 2.4% and 8.8% respectively when compared to the same period of 2009.

César Estrada, from the Commerce and Service Chamber explained they have noticed a slight improvement, especially in school supplies and home appliances.

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