The economy of Guatemala advanced 4 percent year-on-year in the third quarter of 2019, following a 3.5 percent expansion in the previous period. Output increased further in wholesale & retail trade (3.7 percent vs 3.6 percent); agriculture, forestry, and fishing (3.1 percent vs 1.5 percent); financial activities & insurance (6.5 percent vs 5.5 percent); health (7.9 percent vs 2.3 percent); transport & storage (4 percent vs 2.6 percent); real estate (4.4 percent vs 4.2 percent); professional & scientific activities (5.7 percent vs 4.1 percent); public administration & defense (2.9 percent vs 2.8 percent); and education (1.6 percent vs 0.8 percent). Also, information and communication grew 4 percent, recovering from a 2.3 percent contraction in the second quarter of the year.
GDP Annual Growth Rate in Guatemala averaged 3.50 percent from 2002 until 2019, reaching an all time high of 7.70 percent in the second quarter of 2007 and a record low of -1.50 percent in the second quarter of 2009. This page provides - Guatemala GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Banco de Guatemala
GDP Annual Growth Rate in Guatemala is expected to be 3.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Guatemala to stand at 3.20 in 12 months time. In the long-term, the Guatemala GDP Annual Growth Rate is projected to trend around 3.20 percent in 2021 and 3.40 percent in 2022, according to our econometric models.