Investment in Guatemala
Guatemala - Investment
GDP slides at softer rate in Q3
GDP declined at a markedly slower pace in the third quarter, decreasing 1.8% on an annual basis (Q2: -9.6% year-on-year).
The upturn reflected a broad-based improvement in private consumption, public spending, fixed investment and exports. Household spending slid at a more moderate pace of 0.9% year-on-year in Q3 compared to the 8.5% contraction recorded in Q2. Fixed investment dropped 7.0% in Q3, softening from the 17.8% decrease logged in the prior quarter. Public spending declined at a less pronounced pace of 0.8% in Q3 (Q2: -2.3% yoy).
On the external front, exports of goods and services fell 4.3% on an annual basis in the third quarter, which was above the second quarter's 20.0% contraction. In addition, imports of goods and services contracted at a more moderate pace of 8.3% in Q3 (Q2: -16.7% yoy).
FocusEconomics Consensus Forecast panelists expect the economy to contract 3.2% in 2020, which is down 0.3 percentage points from last month’s projection. For 2021, our panelists expect the economy to grow 3.8%, which is up 0.1 percentage points from last month.
Guatemala - Investment Data
|Investment (annual variation in %)||-1.5||-1.7||4.0||4.6||7.2|
5 years of economic forecasts for more than 30 economic indicators.
Guatemala Investment Chart
Source: National Statistical Institute and FocusEconomics calculations.
|Exchange Rate||7.71||0.22 %||Jan 01|
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February 22, 2021
The Monetary Board of the Central Bank of Guatemala stood pat at its 17 February meeting, leaving the monetary policy rate unchanged at the all-time low of 1.75% and marking the fourth consecutive hold. In deliberating the decision, the Bank noted that inflation is expected to land within the 3.0%–5.0% tolerance band this year.
February 12, 2021
Economic activity rose 5.3% in December (November: +2.5% yoy).
February 11, 2021
Remittances totaled USD 906.8 million in January, growing 8.6% year-on-year, down from December’s multi-year high of 23.7% jump.
February 9, 2021
Consumer prices increased 0.15% from the previous month in January, swinging from December's 0.01% drop.
January 14, 2021
GDP declined at a markedly slower pace in the third quarter, decreasing 1.8% on an annual basis (Q2: -9.6% year-on-year). The upturn reflected a broad-based improvement in private consumption, public spending, fixed investment and exports.