Industry in Guatemala

Guatemala Industry | Economic News & Forecasts

Guatemala - Industry

Economic activity eased somewhat in September and the pace of economic growth in the third quarter is expected to have cooled slightly from the previous quarter in which the economy accelerated. Domestic demand should have buttressed the economy in the third quarter on the back of strong remittance inflows supporting private consumption. Looking at the final quarter, household expenditure will likely continue supporting the economy as remittance inflows reached an all-time high in USD value in October. During a staff visit in early November, the IMF noted that the macroeconomic framework remained solid but urged the government to focus efforts on modernizing the financial system and on improving productivity and competitiveness. Later in the same month, Congress approved the 2019 budget bill, a substantial part of which will be financed by debt, both internal and external. The budget was passed amid allegations that the allocation of funds depends on personal relations with the president.

Guatemala - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)3.5  4.6  3.7  3.0  1.9  

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Guatemala Facts

Exchange Rate7.700.22 %Nov 29

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