Guatemala: GDP Up 3.5% in the Second Quarter

Private services, manufacturing industries and wholesale and retail trade explained part of the 3% year-on-year increase reported in gross GDP in the period from April to June 2019.

Thursday, October 17, 2019

Financial intermediation, insurance and auxiliary activities, and Construction were other economic activities contributing to the growth of the Gross Domestic Product for the quarter in question.

The official report states that "... In this regard, the added value of private services was mainly influenced by the activities of hotels and restaurants, which showed a growth associated to the expansion of the gastronomic offer in Guatemala City, as well as the increase registered in the accommodation activities, as a consequence of the greater flow of tourists, both national and foreign, during April, month in which Easter was commemorated.

The activities related to education, health and social services, registered an increase, derived from the greater demand for services of hospitals, doctors and dentists, as well as diverse services related to human health.

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