Guatemala Economic Activity November 2020


Guatemala: Economic activity growth gains momentum in November

January 8, 2021

Economic activity rose 2.0% compared to the same month of the previous year in November, above October’s 1.7% increase. November’s print marked the best result since February. The print was driven by the manufacturing, and trade and repair, which offset decreases in food services, construction and transport, and storage sectors.

GDP is seen expanding 3.8% in 2021. For 2022, our panelists expect the economy to grow 3.1%.


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Guatemala Economic Activity Chart

Guatemala Economic Activity November 20 20

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

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