The Guatemala of XXI Century

Agriculture, industry and services are the sectors that have led the growth of the Guatemalan economy during the first decade of the millennium.

Tuesday, October 5, 2010

The ninth anniversary of the creation of Guatemalan´s newspaper Siglo XXI section, "Pulso", which specializes in economy and finance, prompted the analysis of the economy´s evolution in that period.

The editorial highlights the agricultural, industrial and services sectors, followed by construction and commerce.

As an example of the transformation Guatemala´s economy in the first decade, Carlos Amador, president of the Guatemalan Association of Exporters (Agexport) states that "The installation of call centers is also a sign the country has made progress in preparation of Guatemalans. The availability of bilingual staffs and program developers has demonstrated the country has human capital but there is still work to do in order to accelerate growth. Only the call center industry generates 20 thousand jobs and software 5000. The executive director of the Chamber of Industry (IGC), Javier Zepeda, said that "the telecommunications and power generation joined the fastest growing sectors."

More on this topic

Optimism Over Economic Growth in Industrial Sector

October 2013

During the second quarter of 2013 the Guatemalan industrial sector grew by 7.4% with food and beverages showing the largest increase.

The information was released by the chief of the Bank of Guatemala, Edgar Barquín, during a presentation on the economy and the outlook for 2014.

Guatemalan Agro-Industry Unveils 2021 Plan

February 2011

The Livestock and Agricultural Industry chamber unveiled a plan based on productivity, diversification, quality, environmental sustainability and food safety.

Otto Kuhsiek, president of CAMAGRO, noted that over 1.6 million jobs depend on agriculture, of which 81% are located in rural areas, half of them in family companies and the rest in large-scale, high productivity companies.

Guatemalan Companies Aren't Renewing Machinery

August 2009

In the face of the economic crisis, many entrepreneurs choose not to invest in new machinery, but rather to provide maintenance to existing ones.

For the first half of the year, imports of machinery and production equipment diminished 22.3% when compared to the same period of 2008.

Businessmen Disagree With Banguat's Projections

July 2009

The chambers of industry, agriculture and commerce foresee no economic growth in 2009.

These associations consider Guatemalan Central Bank's economic growth projections as lacking reality.

From Siglo XXI's website: "Agriculture, industry, trade and construction, the sectors generating the most jobs, showed a drop in expectations.

 close (x)

Receive more news about Agriculture

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones

Tailor made software for construction companies

O4Bi is a system that allows to control and manage what a company needs: the complete process of development of works, accounts receivable, treasury, banks, sales and accounting.
O4Bi is a very robust system that allows to control and...

Stock Indexes

(Apr 6)
Dow Jones
S&P 500


(Nov 30)
Brent Crude Oil
Coffee "C"