Guatemala Economic Activity


Guatemala: Economic activity picks up in March

May 9, 2014

In March, economic activity expanded 2.6% over the same month last year according to the monthly indicator for economic activity (IMAE, Indice Mensual de la Actividad Economica). The increase was slightly up from the 2.5% rise observed in February and marked the highest increase in four months.

Nevertheless, the trend deteriorated, with average annual growth in economic activity inching down from 3.5% in February to 3.3% in March, which marked the lowest level since March 2013.

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 unchanged from last month's forecast. For 2015, panelists also expect the economy to expand 3.4%.

Author:, Senior Economist

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Guatemala Economic Activity Chart

Guatemala Economic Activity March 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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