Guatemala Economic Outlook
September 12, 2018
Data suggests that the economy regained steam in the second quarter after decelerating in the first quarter. Throughout the second quarter, monthly economic activity readings were markedly higher than those observed in the first quarter, buoyed by a robust wholesale and retail sub-sector. The sub-sector was likely supported by strong remittances growth and moderating inflationary pressures providing further stimulus to household expenditure. On the other hand, the external sector likely limited the pace of expansion as exports contracted while imports rose, causing the trade deficit to widen. Looking at the third quarter, the domestic economy should continue to drive economic momentum. In July, remittances reached the highest USD value ever recorded, while inflation reached a multi-year low. This bodes well for private consumption. Moreover, economic activity shifted into a higher gear in the same month. However, severe drought conditions in the north of the country could dampen agricultural output.Guatemala Economic Growth
Economic growth is expected to accelerate this year on the back of strong domestic demand. A tight labor market should drive wage growth while strong remittances inflows are likely to provide a further boost to household spending. Meanwhile, government infrastructure spending should be solid. Potential political and economic uncertainty leading up to next year’s presidential elections pose downside risks, however. FocusEconomics Consensus Forecast panelists expect the Guatemalan economy to expand 3.1% this year, unchanged from last month’s estimate, and 3.3% in 2019.Guatemala Economy Data
Sample Report
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Guatemala Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 7.69 | 0.22 % | Sep 20 |
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.
Guatemala Economic News
Guatemala: Inflation returns to Central Bank’s target range in August
September 20, 2018
Consumer prices rose 0.44% in August over the previous month in Guatemala, up from July’s 0.36% increase.
Guatemala: Economic activity shifts into higher gear in July
September 6, 2018
Data from Banguat’s monthly index of economic activity (IMAE, Índice Mensual de la Actividad Económica) showed that economic activity swung to a 1.1% expansion in July over the previous month, contrasting June’s revised 0.1% contraction (previously reported: 0.0% month-on-month). On a year-on-year basis, growth in economic activity in July picked up steam to 3.4% from 3.0% in the previous month.
Guatemala: Economic activity remains solid in June
September 4, 2018
Data from Banguat’s monthly index of economic activity (IMAE, Indice Mensual de la Actividad Económica) showed that economic activity growth was flat in June from the previous month, contrasting May’s upwardly revised 0.7% expansion (previously reported: +0.4% mom). On a year-on-year basis, growth in economic activity in June was stable at May’s revised 3.2% expansion (previously reported: +2.6% year-on-year).
Guatemala: Inflation drops in July
September 4, 2018
Consumer prices in Guatemala increased 0.36% in July over the previous month, decelerating from June’s 0.57% increase.
Guatemala: Remittances reach a record high in July
September 4, 2018
The pace of growth in remittances from workers abroad more than doubled at the start of the third quarter.
© Copyright: 2018 | Guatemala Economy | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed ...
