Guatemala: Analysis of Economy in 2013 and Prospects for 2014

During 2013 the Guatemalan economy continued to recover and show dynamism in most sectors in the country.

Friday, January 24, 2014

The Monetary Authority of Guatemala notes that in 2013 the country had a satisfactory rate of economic activity consistent with the recovery that has been seen in the world economy.

The entity predicts a robust 2014 with a strengthening of economic activity domestically, mainly driven by an acceleration in world trade, in which Guatemala is immersed.



More on this topic

Guatemala As seen by the IMF - March 2018

March 2018

Supported by greater growth in the US economy, better monetary conditions and a moderate boost in government spending, growth should accelerate gradually until it reaches a rate of 3.6% in 2019.

The mission of the International Monetary Fund (IMF) recognizes the macroeconomic stability that has been achieved, but warns of a need to approve a fiscal reform that allows the tax burden to be increased to at least 15% of GDP, and allocate that additional income to public investment, especially in social development, particularly pre-primary education, preventive health care and greater pension coverage.

Nicaragua as seen by the IMF in May 2017

May 2017

The entity highlighted macroeconomic strength, but warned about the Social Security Institute's growing deficit and other risks linked to less cooperation with Venezuela over oil matters.

From a press release issued by the IMF:

This statement summarizes the preliminary findings and recommendations of the mission that visited Managua during April 24-May 5 in the context of the 2017 Article IV consultation.

Panama as Seen by the IMF in August 2015

August 2015

Economic growth of 6% to 7% is foreseen in the medium term, driven by the economic recovery in the United States and the expansion of the canal.

From a press release issued by the IMF:

On June 10, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with Panama.

Costa Rica As Seen by the IMF in January 2015

February 2015

Despite being reduced compared to 2013, the IMF insists that the fiscal deficit remains a thorn in its side for preventing the economy from reaching its full potential.

From a statement issued by the International Monetary Fund (IMF):

January 30, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with Costa Rica.

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