Guatemala: Economic Activity Accelerates

After economic activity in April reported a 2.8% year-on-year growth, in May the variation was 3.3%, mainly because of the behavior of commercial activity.

Monday, July 15, 2019

The document prepared by the Banco de Guatemala explains that "... The economic activity measured by the estimation of the IMAE in May 2019, showed a 3.3% growth rate (3.8% in May 2018).

The described behavior was influenced by the growth shown by the following economic activities: Wholesale and retail trade; manufacturing industries; private services; and agriculture, livestock, hunting, forestry and fishing.

On the other hand, the cycle-trend series registered a 3.1% year-on-year growth rate, less dynamic than the observed in the same month of the previous year (3.3%).
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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.

Trade and Services Boost Economic Activity

October 2019

In August, the IMAE in Guatemala registered a 3.7% year-on-year variation, influenced by wholesale and retail trade activities, and private services.

The economic activity measured by the estimation of the IMAE, in August 2019, showed a 3.7% growth rate, variation that is slightly lower compared to the 3.8% registered in the eighth month of 2018, explains the report of the Banco de Guatemala.

Trade and Services Boost Guatemalan Economy

June 2019

In Guatemala, the economic activity reported a 2.8% year-on-year growth rate in the fourth month of the year, mainly because of the behavior of the Wholesale and Retail Commerce and Private Services sector.

After the 2.7% increase in economic activity reported by the Banco de Guatemala in March, in the third month of the year, represented an acceleration since in February 2019 the variation was only 1.9%, the 2.8% in April is a continuation of the positive path of the economy.

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%.

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