Guatemala Economic Activity


Guatemala: Economic activity eases to seven-month low

December 5, 2014

In October, economic activity increased 4.1% 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 September’s 4.3% rise, and represented the mildest expansion in seven months. Despite the slowdown, the indicator still illustrates robust growth in the Guatemalan economy. October’s figure marked the seventh consecutive month of above 4.0% growth.

Annual average growth in economic activity remained stable at September’s 3.9%, which had represented the highest growth rate since February 2012.

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

Author: Angela Bouzanis, Senior Economist

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Guatemala Economic Activity Chart

Guatemala Economic Activity October 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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