Guatemala Economic Activity May 2022


Guatemala: Economic activity growth inches down in May

July 8, 2022

Economic activity rose 4.2% year on year in May (April: +4.4% yoy). The result marked the worst reading since February 2021.

Nonetheless, the reading was supported by robust growth in the commerce and vehicle repair, manufacturing, real estate, financial and insurance, and agricultural sectors.

GDP is seen expanding 3.5% in 2022. For 2023, our panelists expect the economy to grow 3.3%.


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Guatemala Economic Activity Chart

Guatemala Economic Activity May 2022

Note: Year-on-year changes and annual average variation of economic activity in %.
Source: Guatemala Central Bank and FocusEconomics calculations.

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