Guatemala: Agro to grow 3.7% in 2017

The union projects a 3.7% growth in activity in the agricultural sector, after having achieved an estimated 3.2% increase in 2016.

Wednesday, January 25, 2017

From a statement issued by the Chamber of Agriculture:

As it does at the beginning of every year, the Chamber of Agriculture this morning presented its partners the results of an economic study on agricultural which includes estimates for economic growth in the agro sector in 2016 and growth expectations for 2017 located at 3.7%. 

"The positive factors affecting the performance of the sector, according to a survey by CAMAGRO partners late last year, are innovation, productivity and climate. And the factors that negatively impacted agricultural enterprises were: the exchange rate, insecurity and conflict resulting from invasions of private property. However, entrepreneurs have positive expectations for 2017. And of course to achieve this positive expectation it is urgent that the government policy be oriented with concrete actions aimed at reviving the economy, job creation and economic growth. The agricultural sector is one of the sectors which because of its weight in the economy and employment can be one of the leading and most dynamic engines,"  said Nils Leporowski, President of CAMAGRO.  

More on this topic

Guatemala: How to Reactivate Agroexports

May 2017

The high logistic costs and the appreciation of the Quetzal against the dollar are two of the factors which, according to exporters, have prevented better performance from being achieved in recent years.

According to Agexport, exports of Guatemalan agricultural products in the last 6 years have registered very low growth, going from $2.96 billion in 2011 to $3.2 billion in 2016. In the same period, non-traditional agricultural products which registered a decrease were peeled sesame seeds (-14%), frozen peas (-6%), broccoli (-47%), frozen beans (-35%), tomatoes (-35% %), potatos (-48%), and mangos (-3%), among others.

Guatemala: GDP to Grow between 3% and 3.8%

January 2017

The Bank of Guatemala projects a slight downward trend in interest rates in the banking system in 2017 and growth of between 7% and 10% in credit to the private sector.

From the report "Performance in 2016 and Prospects for 2017" by the Bank of Guatemala:

El Salvador: Productive Sector Not Optimistic

January 2012

2012 will not be a good year for most of the Salvadoran productive sectors, whose executives expect no growth or only 1% growth.

The continuation of the slow recovery of the U.S. economy and increased exports to other Central American countries, are the only glimmers of hope to which businesses are clinging to reach 2% growth.

Guatemala: Cautious Projections for 2010

January 2010

The Central Bank of Guatemala (Banguat), expects economic growth to fall between 1.3% and 2.1%.

Its forecast is based on good results by the agricultural sector, which could grow 2.5%, up from 1.7% in 2009.

"The bank also expects recovery in commerce and mining (2% and 0.7% respectively). Construction is expected to remain negative at -7.1%, albeit better than in 2009, when it dropped -13.4%", reported Prensalibre.com.

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