Guatemala Economic Activity November 2017


Guatemala: Economic activity edges higher in November

January 12, 2018

Economic activity rose 0.17% on a monthly basis in November, according to Banguat’s monthly index of economic activity (IMAE, Índice Mensual de la Actividad Económica). November’s rise was a deceleration from October’s upwardly revised 0.34% increase (previously reported: +0.29% month-on-month).

On an annual basis, economic activity grew 3.0%, ticking up from October’s 2.9% reading. November’s reading was largely due to growth in retail and wholesale trade, as well as in the services and manufacturing sectors. Moreover, annual average growth in economic activity was stable from a month earlier at 3.1%.

Guatemala GDP Forecast

Banguat expects GDP growth to clock in at between 3.0% and 4.0% in 2018. FocusEconomics Consensus Forecast panelists expect GDP to grow 3.3% in 2018, which is unchanged from last month’s forecast. For 2019, our panelists expect GDP growth to tick down to 3.5%.


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Guatemala Economic Activity Chart

Guatemala Economic Activity November 2017

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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