Private Investment Drops in Guatemala

Up to July, $6.6 billion worth of private capital entered the country, 21.8% less than the same period of 2008.

Friday, August 14, 2009

For the first months of 2008, $8.4 billion entered Guatemala, according to data from the country's Central Bank (Banguat).

Guatemalan Newspaper "El Periódico" reports: "Scarce liquidity in the international markets and less investor confidence explain this drop in capital flow. Additionally, local banks have limited their foreign credit lines, because their clients are demanding less loans".

More on this topic

Honduras Received 17% less Foreign Currency

November 2009

The country received $5.13 billion in the first ten months of the year, 17.2% less than the same period of 2008.

Maquila was the worst-hit sector, as it received $250 million less than last year, according to data from the Central Bank.

"... it was followed by remittances, which diminished 10.9% or $245.5 million, capital and financial flows ($187.4 million reduction), exports of goods ($169.3 million less), exports of services ($138 million less) and rents ($97.2 million less)", reported

Guatemala: Foreign Currency Entry Down 13% in 2 Months

March 2009

Export revenues grew by 2.8% and tourism by 4.3%, but remittances fell by 9.6%.

The statistics published by the Bank of Guatemala and noted in, referred to the period between January 1 and March 5.

The drop in remittances is highlighted: “In February of this year, $281.9 million entered the country from family remittances, an amount $36.4 million less than what was captured during the same month in 2008, a decrease of 11.4%. That amount plus the $290.2 million which entered in January totaled $572.1 million, a figure that is 9.6% ($60.8 million) lower than what was captured during both months in 2008 which totaled $632.9 million.”

Tourism Revenues Down in Guatemala

March 2009

In February, earnings from tourism fell by 3.2% when compared to the same period in 2007.

Rosa Maria Bolaños wrote in an article in "The director of Inguat (Guatemalan Tourism Institute,) Roberto Robles, and the tourism industry agreed that at this juncture in the world economic crisis, the country has an opportunity to attract visitors from the US, Canada, South America and Europe, when taking into account that Guatemala is a cheaper destination than other cities or destinations in the world. In 2008, the country had to adjust its projections for growth in tourism income downward from the 10% that it was projected ... to 6%."

Foreign exchange revenue from exports grow 17.2% at the of July in Guatemala

August 2008

Foreign exchange earnings from exports recorded for January to July 2008 were at $3.55 billion in comparison to the $2.57 billion reported for the same period in 2007.

According to information from the Bank of Guatemala, there was a 3% growth overall for traditional products.

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