The strong economic dynamism experienced by Guatemala seems to be shared by all economic activities from agriculture to services.
While all sectors showed positive changes in the quarter under review, some performed better, such as the transport, communications and storage sector, which showed an increase of 4%.
The case of manufacturing is similar, also rising by 4%, due in large part to the greater dynamism in food and beverage production, as well as sectors such as leather and footwear, wood, cement and glass products, among others.
An article in Prensalibre.com states: "As for private services, a report by the Central Bank of Guatemala states that the growth is due to demand in restaurants, renting of machinery and equipment, architectural and engineering activities, advertising services and other business activities. "
Source: prensalibre.com
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July 2011
In the first three months of the year the Gross Domestic Product (GDP) grew more than 3%.
Activity in the mining industry and an increase in lending by banks account for most of the 3.1% growth in Guatemala’s gross domestic product.
On the other hand, the construction and power supply sectors showed contractions, according to data presented by the Central Bank of Guatemala (Banguat).
August 2008
The Salvadoran economy showed signs of resistance to the international crisis during the first trimester of 2008.
As of March, the GDP grew by 4.2%, according to the Central Reserve Bank (BCR). The Monthly Index of Economic Activity (MIEA) grew by 3.6% in May, according to the BCR, which kept its growth projections at 4% for 2008.
October 2008
The IMF expects a reduction in the growth of the local economy. It is no longer expected to be 4.3% but 4% due to the global financial crisis.
The negative effects of the crisis may start to be felt in the next few months, since this year the economy will not grow to 4.3% of the GDP as would previously expected, said Minister of Finance, Juan Alberto Fuentes Knight.
April 2012
Statistical information compiled by the Banco de Guatemala has been released, which includes general indicators of real, external, monetary, financial and fiscal indicators.
"Gross Domestic Product (GDP) grew 3.9 percent in 2011, according to the latest review by the Bank of Guatemala (Banguat) confirming an improvement in the performance of productive activities."
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