Guatemalan Economy Grows at the Beginning of 2021

During January of this year, the Monthly Index of Economic Activity reported a 3.2% increase compared to the level reported in the same month of 2020.

Thursday, March 4, 2021

The Guatemalan economy continues to show positive signs, since after facing a crisis during 2020 due to the covid-19 outbreak, economic activity has recovered quickly in recent months.

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The Bank of Guatemala's report details that "... the economic activity measured by the IMAE estimate in January 2021, registered a 3.2% variation rate (4.7% in January 2020).

Such result was mainly influenced by the growth in the activities of: Trade and repair of vehicles; Agriculture, livestock, forestry and fishing; Manufacturing industries; Real estate activities; Information and communications; and, Human health care and social assistance activities.

The trend-cycle registered a year-on-year variation rate of 3.5%, more dynamic than the one registered in the same month of the previous year of (2%).
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