Colorful city in Guatemala

Guatemala Economic Activity May 2020

Guatemala: Economic activity sinks in May

Economic activity in Guatemala contracted 11.8% year-on-year in May, deteriorating from April’s revised 10.7% fall. The data highlights that the fallout from Covid-19 intensified in the second quarter amid the full impact from containment measures to curb the spread of the virus, weighing on domestic and foreign demand. Moreover, the fall marked the third consecutive contraction in economic activity as well as the steepest contraction since at least January 2015.

Consequently, annual average growth in the economic activity index eased to 0.6% in May from 1.9% in April.

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