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

Honduran Economy Expects to Grow to 3.7% in 2019

March 2019

By 2019, the country's Gross Domestic Product is expected to grow between 3.3% and 3.7%, compared to what was reported in 2018.

The Honduran economy, measured through the Gross Domestic Product (GDP), registered a 3.7% growth in real terms in 2018, driven by the dynamism of consumption and investment of the private sector, as well as by external demand for domestic products, mainly goods for transformation (maquila), so it is expected that in 2019 the behavior will be similar, explains the Central Bank of Honduras (BCH).

Agricultural Sector: Opportunities and Challenges

January 2019

While declining international prices and smuggling are threatening factors for agricultural production in Guatemala, planned investments in infrastructure would help reduce the costs of the sector.

Estimates by the Bank of Guatemala (Banguat) detail that the agricultural Gross Domestic Product increased 2.6% in 2018, and by 2019 a 2.8% increase is expected.

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:

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