Guatemala: 3% Increase in Economic Activity

In September, economic activity reported a 3% increase over the same month in 2017, mainly because of the performance of the transport and commerce sector.

Friday, November 9, 2018

The Banco de Guatemala reported that the economic activity measured by the estimation of the IMAE in September 2018, presented a growth rate of 3.0% (2.3% in September 2017).

As a result, the described behavior was influenced by the growth shown by the following economic activities: Transportation, storage and communications; Wholesale and retail trade; Private services; Agriculture, livestock, hunting, silviculture and fishing; and Manufacturing industries.

According to the report of the Central Bank, the cycle-trend series registered a year-on-year growth rate of 3.2%, more dynamic than the observed in the same month of the previous year (2.6%).

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More on this topic

Trade and Agriculture Boost Economic Activity

November 2019

In September, the IMAE in Guatemala registered a 4.2% inter-annual variation, influenced by wholesale and retail trade activities, and Agriculture, livestock, hunting, forestry and fishing.

The economic activity measured by the estimation of the IMAE, in September 2019, showed a 4.2% growth rate, variation that is greater in comparison to the 3.6% registered in the ninth month of 2018, explains the report of the Banco de Guatemala.

Transport and Manufacturing Boost the Economy

May 2019

In Guatemala the economic activity reported the third month of the year a 2.7% year-on-year growth rate, mainly because of the behavior of the Transportation and Manufacturing Industries sector.

The 2.7% increase in economic activity reported by the Banco de Guatemala in the third month of the year, represents an acceleration since in February 2019 the variation was only 1.9%.

Private Services Dynamize Economic Activity

December 2018

During October, economic activity in Guatemala reported a 3.3% increase over the same month in 2017, mainly because of the performance of private services and wholesale and retail trade.

The Banco de Guatemala (Banguat) reported that the economic activity according to the IMAE estimation, in October 2018, showed a 3.3% growth rate (3.7% in October 2017).

Guatemala: Economic Activity Up 2.8%

December 2017

Transport, storage and communications explained most of the variation in the economic activity index in October, which registered a 2.8% increase compared to the same month in 2016.

From a report by the Bank of Guatemala:

Economic activity measured by estimating the IMAE, up to October 2017, showed growth of 2.8%  (1.7% in October 2016). [GRAFICA caption = "Click to interact with graphics"]

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