Guatemala Economic Activity May 2019


Guatemala: Economic activity quickens in May

July 31, 2019

Economic activity accelerated to 3.3% year-on-year in May from a revised 2.3% increase in April (previously reported: +2.8% year-on-year). The uptick in May came on the back of the manufacturing; wholesale and retail trade; private services; and agricultural sectors. Annual average growth in economic activity was stable at 3.3% for the fifth month running in May.

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 May 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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