GDP in Guatemala

Guatemala GDP | Economic News & Forecasts

Guatemala - GDP

Economy accelerates in Q4 2016

In Q4 2016, the economy expanded 3.0% over the same period of the previous year. The result marked an acceleration from Q3’s 2.6% pace of growth. The acceleration was due to a positive contribution from the external sector, which more than offset weakening domestic demand. Q4’s GDP outturn brought full-year growth to 3.1% in 2016, a sharp slow-down from 2015’s 4.1% GDP growth rate.

Private consumption growth slowed from 4.4% in Q3 to 4.0% in Q4, despite strong remittances growth. Government consumption growth also slowed, falling from 2.2% to 1.6% in Q4. On the other hand, fixed investment growth accelerated to 1.4%, up from 0.6% in Q3. Despite this acceleration, a fall in inventories caused overall investment to fall into contractionary territory: total investment contracted 5.0% in Q4, contrasting the 3.3% expansion observed in Q3. As a result, growth in domestic demand decreased from 4.0% in Q3 to 2.4% in Q4.

On the external side of the economy, exports grew 4.4% in Q4, contrasting the 1.5% contraction in Q3. With domestic demand weakening, import growth slowed from 2.2% in Q3 to 0.9% in Q4. As a result, the external sector’s contribution to growth improved from minus 1.3 percentage points in Q3 to plus 0.8 percentage points in Q4.

The Central Bank forecasts that GDP will grow between 3.0% and 3.8% in 2017 and between 3.0% and 4.0% in 2018. Consensus Forecast participants see GDP growing 3.6% in 2017, which is down 0.1 percentage points from last month’s forecast. For 2018, panelists also expect the economy to expand 3.6%.

Guatemala - GDP Data

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)4.2  3.0  3.7  4.2  4.1  

Sample Report

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


Guatemala GDP Chart

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

Guatemala Facts

Exchange Rate7.340.03 %Jun 16

Sample Report

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


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