The ninth anniversary of the creation of Guatemalan´s newspaper Siglo XXI section, "Pulso", which specializes in economy and finance, prompted the analysis of the economy´s evolution in that period.
The editorial highlights the agricultural, industrial and services sectors, followed by construction and commerce.
As an example of the transformation Guatemala´s economy in the first decade, Carlos Amador, president of the Guatemalan Association of Exporters (Agexport) states that "The installation of call centers is also a sign the country has made progress in preparation of Guatemalans. The availability of bilingual staffs and program developers has demonstrated the country has human capital but there is still work to do in order to accelerate growth. Only the call center industry generates 20 thousand jobs and software 5000. The executive director of the Chamber of Industry (IGC), Javier Zepeda, said that "the telecommunications and power generation joined the fastest growing sectors."
More on this topic
The chambers of industry, agriculture and commerce foresee no economic growth in 2009.
These associations consider Guatemalan Central Bank's economic growth projections as lacking reality.
From Siglo XXI's website: "Agriculture, industry, trade and construction, the sectors generating the most jobs, showed a drop in expectations.
During the second quarter of 2013 the Guatemalan industrial sector grew by 7.4% with food and beverages showing the largest increase.
The information was released by the chief of the Bank of Guatemala, Edgar Barquín, during a presentation on the economy and the outlook for 2014.
The Livestock and Agricultural Industry chamber unveiled a plan based on productivity, diversification, quality, environmental sustainability and food safety.
Otto Kuhsiek, president of CAMAGRO, noted that over 1.6 million jobs depend on agriculture, of which 81% are located in rural areas, half of them in family companies and the rest in large-scale, high productivity companies.
In the face of the economic crisis, many entrepreneurs choose not to invest in new machinery, but rather to provide maintenance to existing ones.
For the first half of the year, imports of machinery and production equipment diminished 22.3% when compared to the same period of 2008.