The rise according to a report by the Council of Communication and Citizenship is a result of growth in private and public investment and the value of exports (14.6%).
"One of the fastest growing economic sectors, according to the executive, is mining and quarrying, with growth of 29.2%, a result of increased investment in the municipality of La Libertad Mine (center) and the high international price of gold.
Meanwhile, the construction sector recorded an increase of 18.1%, especially in social housing ... "
The electricity, water and sewerage sector recorded a rise of 13.5%, manufacturing 9.8% and trade, hotels and restaurants 4.7%, the report said. "
For the same period agriculture, livestock and fisheries reported a decrease of 2.9%
Source: Misfinanzasenlinea.com
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January 2010
The Central Bank of Guatemala (Banguat), expects economic growth to fall between 1.3% and 2.1%.
Its forecast is based on good results by the agricultural sector, which could grow 2.5%, up from 1.7% in 2009.
"The bank also expects recovery in commerce and mining (2% and 0.7% respectively). Construction is expected to remain negative at -7.1%, albeit better than in 2009, when it dropped -13.4%", reported Prensalibre.com.
May 2012
The IMAE was 9.73% and 9.26% in January and February 2012, the best bimonthly performance in the last three years.
Capital.com.pa describes this rate of growth as being "driven mainly by the good performance of sectors such as transport, storage and communications, construction, hotels and restaurants, mining and quarrying, trade and financial intermediation."
October 2011
Between January and July the Gross Domestic Product (GDP) grew by 3.8% compared to the same period in 2010.
According to a report by Aldesa :
In terms of components, final household spending remains strong, growing by 4.8% in the indicated period and keeping in line with the expectations of the Central Bank of Costa Rica (BCCR), which estimates that domestic demand this year will be main driver of economic activity.
October 2011
In the second quarter GDP rose by 3.7%, exceeding growth recorded in the previous quarter.
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%.
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