The Bank of Guatemala has left the monetary policy rate unchanged, citing uncertainty and weakness in the international context, and expects growth of 4.9% in GDP in 2017.
In the domestic environment the Bank of Guatemala (Banguat) stressed that economic activity continues to record behavior consistent with the target range for 2016 (between 3.1% and 3.7%), which is reflected in the evolution of severaleconomic activity indicators (Monthly Index of economic activity, bank credit to the private sector in domestic currency, volume of imports and remittances, among other things).
In the second quarter of 2016, economic activity measured by the estimate of real gross domestic product, grew by 3.4% (similar to that recorded in the second quarter of the previous year), driven mainly by the dynamism observed in private consumption spending.
In the first quarter the economy grew by 5.2% compared to the same period in 2015, driven internally by the activities of financial intermediation and construction.
From a statement issued by the General Comptroller:
The performance of the Panamanian economy in the second quarter of 2016, measured by Gross Domestic Product Quarterly (PIBT), showed an increase of 5.2 percent compared to the same period last year.The PIBT valued at 2007 prices (in chained volume measures), recorded an amount of B/.9,191.8 million for the estimated quarter, which corresponds to an increase of B/.450.7 million compared to the same quarter in 2015.
The sectors of the domestic economy which had the most influence in the 4.6% GDP growth in the first quarter of the year compared to the same period in 2015 were financial intermediation and construction.
In 2014 the economic cost of violence in El Salvador exceeded $4 billion, while the opportunity cost of production and unmade investment was 4.8% of GDP.
From a press release issued by the Research Network at the Central Bank (REDIBACEN):
Today the Research Network at the Central Bank (REDIBACEN) presented the results of the research report entitled "Estimating the Economic Cost of Violence in El Salvador", carried out by the researcher economists Margarita Penate, Kenny de Escobar, Arnulfo Quintanilla and Cesar Alvarado.
The government projects that the Panamanian economy will grow at an average annual rate of 6.3% over the next five years.
From the Ministry of Economy and Finance:
The Cabinet Council gave its approval to the Ministry of Economy and Finance (MEF), of the Medium Term Fiscal Framework 2017-2021, as set out in Article 18 of Law 34 of 2008, better known as Fiscal Social Responsibility Law.
The Guatemalan economy grew by 4.1% during the last quarter of 2015, driven mainly by buoyant banking and insurance industries.
From a statement issued by the Bank of Guatemala:
In the fourth quarter of 2015 economic activity measured by the estimated real gross domestic product showed growth of 4.1% similar to that observed in the same quarter of the previous year, driven mainly by the dynamism in private consumption spending.
In the fourth quarter of 2015, the Nicaraguan economy recorded growth of 6.6% and an average annual growth of 4.9% in the original data, according to the preliminary estimate of quarterly GDP (PIBT by its initials in Spanish).
The country's output in nominal terms amounted to $52,132 million, up 5.8% over 2014, less than the 6.1% recorded in the previous period rate.
From a report issued by the National Institute of Statistics and Census:
The National Institute of Statistics and Census (INEC) presents the estimated figures for gross domestic product (GDP) at current prices and in linked volume measurements with reference to 2007, by economic activity, corresponding to 2015.
The change in methodology implemented by the Central Bank of Costa Rica in the National Accounts System sheds light on problems that cause lack of competitiveness, tax injustice and social inequity.
An editorial in Nacion.com draws conclusions on the need to adapt the measurement of GDP in Costa Rica, to the changes taking place in the economy at the end of last century and what has elapsed so far in the present one.
Key representative/s from the Guatemalan Exporters’ Association last 13-15 October attended the 8th TPO Network World Conference to exchange ideas and best practice around stimulating export-led economic growth and meeting the urgent challenges in the sector.
PRONicaragua, is the Nicaraguan Investment Promotion Agency, established in 2002. We are a non-profit, public-private institution whose mission is to generate economic growth and job creation in Nicaragua by attracting high-quality foreign direct investment. The Agency provides complimentary support services to qualified investors seeking investment opportunities in our country.
Operates in Nicaragua
Phone: (505) 2270 6400
Caribbean-Central American Action (CCAA) is a private, independent organization that promotes private sector-led economic development in the Caribbean Basin and throughout the Hemisphere.
Operates in Panama, Nicaragua, Honduras, Guatemala, El Salvador, Costa Rica and Caribbean Community
Phone: (202) 331-9467