Guatemala Economic Activity


Guatemala: Economic activity eases slightly from seven-year high

November 6, 2014

In September, economic activity increased 4.7% over the same month last year, according to the monthly indicator for economic activity (IMAE, Indice Mensual de la Actividad Economica). The expansion was a slight deceleration from August’s 4.8% rise, which had represented the largest expansion in seven years; howeverm it still indicated robust growth in the Guatemalan economy. September’s figure marked the sixth consecutive month of above 4.0% growth.

As a result, annual average growth in economic activity inched up from 3.9% in August to 4.0% in September.

The Central Bank expects the economy to grow between 3.3% and 3.9% in 2014. FocusEconomics Consensus Forecast participants see GDP growing 3.6% in 2014, which is unchanged from last month’s forecast. For 2015, panelists expect the economy to expand 3.5%, which is up 0.1 percentage points from the previous month’s forecast.

Author: Angela Bouzanis, Senior Economist

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Guatemala Economic Activity Chart

Guatemala Economic Activity September 2014

Note: Year-on-year changes and annual average variation of trend-cycle economic activity in %.
Source: Guatemala Central Bank and FocusEconomics calculations.

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