Colorful city in Guatemala

Guatemala Economic Activity December 2020

Guatemala: Economic activity posts quickest growth in six years in December

Economic activity rose 5.3% in December (November: +2.5% yoy). The print marked the best result since December 2014, and highlights that the economy continued to gain traction at the close of last year. The uptick in December was driven by growth in the trade and vehicle repair; manufacturing; agricultural; and, communication sectors.

On a 12-monht rolling basis, economic activity contracted 1.8% in December, up from the 1.9% drop recorded in November.

Looking at the fourth quarter as a whole, activity firmed as the economy reopening almost completely in early October. In addition, strengthening remittances growth should have boosted household consumption. That said, the economy likely did not avoid contraction in the year as a whole. Turning to this year, economic growth is poised to return on the back of firming domestic and foreign demand amid the roll out vaccination programs and the gradual easing of restrictive measures abroad.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest X Download Fullscreen