Guatemala Economic Activity November 2021

Guatemala

Guatemala: Economic activity growth picks up pace in November

January 14, 2022

Economic activity rose 5.0% in year-on-year terms in November, up from October's 4.5% increase. The reading was supported by robust growth in the trade and repair of vehicles; manufacturing; real estate; and agricultural sectors.

Meanwhile, annual average growth in economic activity rose to 8.1% in November from 8.0% in October.

The print suggest that the economy remained on solid footing in the fourth quarter, although economic growth in the quarter as a whole will have eased from the prior—partly due to a less favorable base effect. Moreover, protests and social unrest in October and November seemingly had a limited impact on the economy.

GDP is seen expanding 3.8% in 2022. For 2023, our panelists expect the economy to grow 3.3%.


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Guatemala Economic Activity November 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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