Guatemala Economic Activity March 2019


Guatemala: Economic activity quickens in March

May 8, 2019

Economic activity growth accelerated to 2.7% in March from 1.9% in February. March’s pick-up was driven by strong growth in the transportation, storage and communications; manufacturing; private services; and wholesale and retail trade sectors.

Annual average growth in economic activity was stable at 3.3% for the third consecutive month in March.

Guatemala Economic Growth Forecast

Banguat expects growth of between 3.0%–3.8% in 2019. Last month, FocusEconomics Consensus Forecast panelists saw growth of 3.1% in 2019, which was unchanged from last month’s forecast. For 2020, our panelists predicted growth to accelerate to 3.0%. New forecasts will be published on 14 May.

Author:, Economist

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Guatemala Economic Activity Chart

Guatemala Economic Activity March 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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