Guatemala Economic Activity

Guatemala

Guatemala: Economic activity growth rate eases slightly to seven-month low

January 8, 2015

In November, economic activity increased 4.3% over the same month last year, according to the monthly indicator for economic activity (IMAE, Indice Mensual de la Actividad Economica). The expansion was a slight deceleration from October’s 4.4% rise and marked the mildest expansion in seven months. Despite the slowdown, the indicator still illustrates robust growth in the Guatemalan economy and is the eighth consecutive month of greater than 4.0% growth.

As a result, annual average growth in economic activity inched up from 4.0% in October to 4.1% in November, which marked the fastest rate of growth since December 2011.

Consensus Forecast participants see GDP growing 3.6% in 2015, which is unchanged from last month’s forecast. For 2016, panelists expect the economy to expand 3.5%.


Author: Angela Bouzanis, Senior Economist

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Guatemala Economic Activity Chart


Guatemala Economic Activity November 2014

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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