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.

Check out the "System for monitoring markets and the economic situation in Central American countries" by CentralAmericaData.

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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