Guatemala Economic Activity February 2021

Guatemala

Guatemala: Economic activity growth picks up pace in February

April 8, 2021

Economic activity rose 2.4% in February, accelerating from January’s 2.2% and suggesting that the economy continued to gain traction midway through the first quarter. Moreover, the print marked the sixth consecutive month of growth and was driven by activity in the trade and repair of vehicles; manufacturing; and construction and agricultural sectors.

On a 12-month rolling basis, however, economic activity contracted 1.8% in February, down from the 1.7% fall recorded in January.

GDP is seen expanding 3.4% in 2021. For 2022, our panelists expect the economy to grow 3.5%.


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Guatemala Economic Activity Chart


Guatemala Economic Activity February 2021

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


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