The economy of Guatemala advanced 3 percent year-on-year in the first quarter of 2019, easing from a 3.5 percent expansion in the previous period. Output growth slowed in agriculture, forestry & fishing (2.2 percent from 2.4 percent in Q4); manufacturing (2 percent from 3.2 percent); trade (4.5 percent from 4.8 percent); financial intermediation & insurance (2.3 percent from 3.8 percent); and public administration & defense (1.4 percent from 2.1 percent). Also, utilities output shrank 3.4 percent, after expanding 1.4 percent in the last quarter of 2018. GDP Annual Growth Rate in Guatemala averaged 3.49 percent from 2002 until 2018, 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.
GDP Annual Growth Rate in Guatemala is expected to be 3.00 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 3.30 in 12 months time. In the long-term, the Guatemala GDP Annual Growth Rate is projected to trend around 3.40 percent in 2020, according to our econometric models.