The economy of Guatemala advanced 3.3 percent year-on-year in May 2019, following a 2.3 percent expansion in the previous month. Gains were recorded in manufacturing; wholesale and retail trade; private services; and agriculture, forestry and fishing. Leading Economic Index in Guatemala averaged 3.49 percent from 2002 until 2019, reaching an all time high of 8.80 percent in October of 2006 and a record low of -2.80 percent in February of 2009.
Leading Economic Index 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 Leading Economic Index in Guatemala to stand at 3.40 in 12 months time. In the long-term, the Guatemala Leading Economic Index is projected to trend around 3.50 percent in 2020, according to our econometric models.