GDP in Guatemala

Guatemala GDP | Economic News & Forecasts

Guatemala - GDP

Economy slows in Q3

In Q3 2016, the Guatemalan economy expanded 2.6% over the same period of the previous year, the slowest pace in four years. The result followed Q2’s revised 3.6% pace of growth (previously reported: 3.4% year-on-year). The deceleration was due to a steep fall in total investment growth, cancelling out improvements in other components.

Private consumption growth accelerated from 3.9% in Q2 to 4.3% in Q3, thanks to strong remittance inflows. Government consumption returned to growth for the first time since Q1 2015, growing 1.8% in Q3, contrasting the 6.2% contraction in Q2. Fixed investment growth slowed to 1.3%, down from 1.6% in Q3 and the slowest growth rate in over one year. This, together with a fall in inventories brought down the overall investment figure from 12.0% in Q2 to 5.6% in Q3. As a result, growth in domestic demand increased from 3.9% in Q2 to 4.2% in Q3.

On the external side of the economy, the contraction in exports slowed from 2.1% in Q2 to 0.5% in Q3. Import growth accelerated from 1.3 % in Q2 to 1.6% in Q3. As a result, the external sector’s contribution to growth improved from minus 1.1 percentage points in Q2 to minus 0.8 percentage points in Q3.


Consensus Forecast participants see GDP growing 3.7% in 2017, which is up 0.1 percentage points from last month’s forecast. For 2018, panelists expect the economy to also expand 3.7%.

Guatemala - GDP Data

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)4.2  3.0  3.7  4.2  4.2  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Guatemala GDP Chart


Guatemala GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: National Statistical Institute and FocusEconomics calculations.

Guatemala Facts

ValueChangeDate
Exchange Rate7.34-0.09 %Mar 28

Sample Report

Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.

Download

Start Your Free Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form