Economy of El Guamo

Mine production of the Department during the years of 1990 to 1999 is quite choppy and full of contrasts, with very sharp increases as seen in 1990 with a negative rate of -10.53%. From 1998, the Value Added of the sector on a downward trend in 1999 reaching a negative rate -2.64%, explained by the low of -28.00% in the production of crude oil and a very weak contribution to the product of the metals ferrous (gold and silver).

Manufacturing

The manufacturing industry between 1990 and 1991 had a downward trend in value added figures ranging from 11.76%, -7.70% and -0.60%, mainly due to low production groups developed snuff, textiles, furniture and fixtures, rubber products, pottery and earthenware, machinery and equipment and electrical machinery. .

Trade, Restaurants and Hotels

The added value of the trade, restaurants and hotels sector had its largest increase due to the fiscal stimulus of Act 44 of 1987 and the economic opening with a favorable exchange rate boosted imports of raw materials, goods and services boosted production and also for the sale of products such as coffee, livestock, textiles, garments, rubber products, plastic products, pottery and porcelain, glass and glass products, non-metallic mineral products, non-metallic machinery and equipment, transport equipment and material.

Financial Institutions, Insurance, Real Estate and Business Services

The value added of this sector from 1990 to 1992 showed an average growth which are caused by the revival of industry, construction, trade, and primarily