Guatemala: Economic Activity Grows at 7%
Friday, May 7, 2021
In March 2021, the Monthly Index of Economic Activity reported a 6.9% increase over the level recorded in the same month of 2020.
The Guatemalan economy continues to show positive signs, as after facing a crisis during 2020 due to the covid-19 outbreak, economic activity has recovered rapidly in the last months of last year and in the first quarter of 2021.

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The analysis made by the Bank of Guatemala "... the economic activity measured by the IMAE estimate in March 2021, registered a variation rate of 6.9% (-3.7% in March 2020).

Such result was mainly influenced by the growth in the activities of: Trade and repair of vehicles; Manufacturing industries; Education; Agriculture, livestock, forestry and fishing; and, Construction.

The trend-cycle registered a year-on-year variation rate of 5.8%, more dynamic than the one registered in the same month of the previous year of (-3.6%)."

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