Industry in Guatemala

Guatemala Industry | Economic News & Forecasts

Guatemala - Industry

The economy slowed slightly in the final quarter of last year as domestic demand softened, while the external sector continued to detract from growth. Growth in remittances edged down in the quarter and likely affected household expenditure, which stumbled in Q4. Looking at Q1 2019, available data suggests a continued loss of momentum. Growth in economic activity in January–February averaged noticeably below the Q4 reading, indicating softer annual growth in the economy. This is likely linked to a marked pick-up in inflation in the first two months of the quarter and a substantial moderation in the annual growth rate of remittances in Q1 compared to the prior quarter. On the external front, merchandise exports continued to drop in February, while imports grew robustly, indicating the trade sector will have likely detracted from growth again in Q1.

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 Rate7.640.22 %Apr 12

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