Guatemala Economic Activity

Guatemala

Guatemala: Economic activity improves in May

July 11, 2014

In May, 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 an improvement over the 4.0% rise observed in April and marked the fastest growth rate since September 2011.

Nevertheless, the trend was stable in May, with annual average growth in economic activity remaining at 3.5% for the third consecutive month.

The Central Bank expects the economy to grow between 3.3% and 3.9% in 2014. FocusEconomics Consensus Forecast participants see GDP growing 3.4% in 2014, which is down 0.1 percentage points from last month’s forecast. For 2015, panelists also expect the economy to expand 3.5%.


Author:, Senior Economist

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Guatemala Economic Activity Chart


Guatemala Economic Activity May 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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