YOY growth for the third quarter of 2015 was reported at 3.9%, almost the exact same as the three years prior (3.8%). YOY growth for the previous quarter: (2015 Q2): 4%. Despite showing above average growth in 2015 over the last three years, Guatemala looks to be closing out the year with only moderate growth rates.
YOY growth for the third quarter of 2015 was reported at 3.9%, almost the exact same as the three years prior (3.8%). YOY growth for the previous quarter: (2015 Q2): 4%.
Despite showing above average growth in 2015 over the last three years, Guatemala looks to be closing out the year with only moderate growth rates.
The political crisis which didn’t really show up in the date for the Q2 report (April to June) of this year. However, it did end up having an impact this quarter as GDP fell 1.6% from the first to second quarter of this year and is having a hard time rising this quarter with only a 0.5% increase.
During the third quarter of 2015, the commercial trade and services sector remained the most important to the GDP composition with a relative weight of 48%. The secondary sector, or industrial sector, had a relative weight of 24% of the GDP. The agricultural sector’s contribution decreased slightly to 13% (it was 14% last quarter). The government rounded out the third quarter composition comprising 16%.
