Guatemala Economic Activity January 2019


Guatemala: Economic activity picks up pace in January

March 7, 2019

Growth in economic activity accelerated from a downwardly revised 2.8% expansion in December (previously reported: +3.4% year-on-year) to a 3.4% increase in January. Higher activity in the transportation, storage and communication; private services; manufacturing; and agriculture sectors drove the expansion.

Annual average growth in economic activity edged up to 3.3% from 3.1% in December.

Guatemala GDP Forecast

Banguat expects growth of between 3.0%–3.8% in 2019. FocusEconomics Consensus Forecast panelists see growth of 3.1% in 2019, which is unchanged from last month’s forecast. For 2020, our panelists predict growth to accelerate to 3.0%.

Author:, Economist

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Guatemala Economic Activity Chart

Guatemala Economic Activity January 2019

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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