Colorful city in Guatemala

Guatemala Economic Activity January 2024

Guatemala: Economic activity grows at the fastest pace in six months in January

Economic activity expanded 4.4% compared to the same month a year earlier in January, which followed December’s upwardly revised 2.9% increase. January’s figure marked the best reading since July 2023. Looking at the details of the release, stronger activity in the manufacturing, construction and real estate sectors drove the improvement. Increased growth in financial services added momentum.

Accordingly, the trend improved, with the annual average growth of economic activity coming in at 3.6% in January, up from December’s 3.5%.

Meanwhile, on the external front, merchandise exports expanded for the first time in over one year in January, growing 1.8% year on year (December: -7.8% yoy). Conversely, the annual increase in remittance inflows undershot its Q4 average, boding negatively for the private spending outturn in January.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest