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
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Investment (annual variation in %) | -1.5 | -1.7 | 4.0 | 4.6 | 7.2 |
Guatemala Investment Chart
Source: National Statistical Institute and FocusEconomics calculations.
Guatemala Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 7.71 | 0.22 % | Jan 01 |
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Economic News
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Guatemala: Central Bank keeps rate unchanged in February
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.
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Guatemala: Economic activity posts quickest growth in six years in December
February 12, 2021
Economic activity rose 5.3% in December (November: +2.5% yoy).
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Guatemala: Growth in remittances eases in January
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.
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Guatemala: Inflation hits highest level since November 2020 in January
February 9, 2021
Consumer prices increased 0.15% from the previous month in January, swinging from December's 0.01% drop.
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Guatemala: GDP slides at softer rate in Q3
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.
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