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Why did Izabal's economy contract, and which figure is correct?

According to the cited documentsTo be confirmedMunicipalities

Izabal real growth, 2023

-5.8% (2023 report) / -6.2% (revised, 2024 report chart)

2023Prensa Libre / Banguat PIBR 2024

Izabal was the department with the sharpest contraction in 2023: -5.8% according to Prensa Libre citing the 2023 PIBR report; the text extracted from Chart 3 of the 2024 report suggests -6.2% for 2023 (a revised figure) and 0.8% for 2024. Even so, Izabal still holds the country's 5th-highest GDP per capita (Q54,310.5 in 2024), which confirms the economic density of its ports. The report does not attribute a cause in the prose extracted.

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  • Izabal real growth, 20240.8%2024Banguat PIBR 2024To be confirmed

Sources

  • Banguat

    Informe PIB Regional y Departamental 2024

    banguat.gob.gtAccessed Aug 19, 2026Go to the source