Transport, private services and trade were the sectors that accounted for most of the variation in the economic activity index during the beginning of the year.
From a monthly report by Banco de Guatemala:
Economic activity measured by the IMAE estimate, in January 2018, showed a growth rate of 2.1% (2.8% in January 2017).[GRAFICA caption = "Click to interact with graph"]
The CPI registered a monthly variation of -0.2%, mainly explained by the negative behavior of food prices.
From a report by the National Institute of Statistics:
The most important inflation levels of February 2018 are as follows: there was a monthly variation of -0.20%, an interannual variation of 4.15% and an accumulated variation of -0.60%. [GRAFICA caption = "Click to interact with graph"]
During the first two months of 2018, remittances sent from abroad to Guatemala totaled $1.265 billion, 5% more than the total received in the same period in 2017.
According to figures from the Banco de Guatemala, in January and February of 2018 the country received $1.265 million in the form of remittances, an amount that exceeds by 5% the $1.202 billion registered in the first two months of 2017.
Transport and private services were the sectors that accounted for most of the positive variation in the economic activity index.
From a report by the Bank of Guatemala:
The economic activity measured by the IMAE estimate, in December 2017, showed a growth rate of 3.1% 1 (4.1% in December 2016). [GRAFICA caption = "Click to interact with graph"]
During the first month of 2018, remittances received from abroad totaled $635 million, 8% more than the total received in 2016.
According to figures from the Banco de Guatemala, in January 2018 the country received $635 million in remittances, an amount that exceeds by 8% the $588 million registered in the same month in 2016.
During the first month of the year, the CPI registered a monthly variation of -0.4%, mainly explained by the negative behavior of food prices and recreation activities.
From a report by the National Institute of Statistics:
The most important inflation levels for January 2018 are the following: a monthly variation of -0.40% was registered, an interannual variation of 4.71% and an accumulated variation of -0.40%. [GRAFICA caption = "Click to interact with graph"]
Trade, private services and the manufacturing industry were the sectors that accounted for most of the positive variation in the economic activity index.
From a report by the Bank of Guatemala:
The economic activity measured by the IMAE estimate, in November of 2017, showed growth of 2.3% (3.2% in November 2016).[GRAFICA caption = "Click to interact with graph"]
The CPI registered a monthly variation of 0.95%, mainly explained by the behavior of prices of food and transport.
From a report by the National Institute of Statistics:
The most important inflation levels of December 2017 are the following: a monthly variation of 0.95% was registered, an interannual variation of 5.68% and an accumulated variation of 5.68%. [GRAFICA caption = "Click to interact with graph"]
Last year, remittances from abroad exceeded $8 billion, 14% more than the total received in 2016.
According to figures from Banco de Guatemala, in 2017 the country received $8.192 billion in remittances, an amount that exceeds by 14% the $7.159 billion registered in 2016.Last year the average monthly income from remittances was $683 million, surpassing the average monthly flow in 2016 which was $597 million.
Between January and November, the flow of remittances that came into the country amounted to $7.472 billion, registering an increase of 15% compared to the same period in 2016.
Figures from the Banco de Guatemala detail in November of last year alone the country received $600 million in remittances, while in the same month of this year the figure rose to $646 million.
Transport, storage and communications explained most of the variation in the economic activity index in October, which registered a 2.8% increase compared to the same month in 2016.
From a report by the Bank of Guatemala:
Economic activity measured by estimating the IMAE, up to October 2017, showed growth of 2.8% (1.7% in October 2016).[GRAFICA caption = "Click to interact with graphics"]
The CPI recorded a monthly variation of 0.86%, mainly explained by the behavior of transport and food prices.
From a report by the National Institute of Statistics:
The most significant inflation levels in November 2017 are the following: there was a monthly variation of 0.86%, an interannual variation of 4.69% and accumulated variation of 4.68%.[GRAFICA caption = "Click to interact with graphics"]
CentralAmericaData's Central American Economic Activity Index registered interannual growth of 3.8% up to September.
Figures from the Information System Central American Macroeconomic Monitoring, by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with the graphic"]
In the context of a slowdown in bank credit to the private sector and public spending, Banco de Guatemala decided to reduce the level of the leading interest rate from 3% to 2.75%.
From a statement issued by the Bank of Guatemala:
The Monetary Board, based on a comprehensive analysis of the external and internal economic situation, after having seen the Balance of Inflation Risks, decided to reduce the level of the leading monetary policy interest rate from 3.00% to 2.75%.
In September 2017, economic activity grew at a rate of 2.8%, below the rate of 3.1% registered in the same month last year.
From a report by the Bank of Guatemala:
Economic activity measured by the IMAE estimate, as of September 2017, showedgrowth of 2.8% (3.1% in September 2016).[GRAFICA caption = "Click to interact with graphics"]