Economic Snapshot for Central America
June 16, 2022
GDP growth will moderate in 2022
Regional economic growth should moderate in 2022 as a tougher base effect, tighter monetary policy and the impacts of the war in Ukraine weigh on activity. Rising global energy and food commodity prices are pushing up inflation, denting consumer spending and remittance inflows. However, lower unemployment levels should support private consumption somewhat.
Inflation to rose in 2022
Preliminary data points to a further rise in price pressures, with inflation rising to a record high of 7.7% in May (April: 7.3%). The print was driven by higher inflation in all countries with available data, barring the Dominican Republic. This year, higher energy and food commodity prices will keep inflation elevated.
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5 years of Central America economic forecasts for more than 30 economic indicators.
Central America Economic News
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Costa Rica: Economic activity records weakest reading since February 2021 in April
June 10, 2022
Economic activity increased 5.0% in April (March: +8.7%).
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Dominican Republic: Inflation moderates in May
June 10, 2022
Consumer prices increased 0.49% from the previous month in May, easing from April’s 0.96% rise.
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Dominican Republic: Inflation moderates in May
June 9, 2022
Consumer prices increased 0.49% from the previous month in May, picking up from April’s 0.96% rise.
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Guatemala: Inflation rises to over one-decade high in May
June 8, 2022
Consumer prices rose 1.31% in May over the previous month, accelerating from the 0.54% increase logged in April.
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Costa Rica: Inflation comes in at highest level since May 2009 in May
June 8, 2022
Consumer prices rose 1.44% from the previous month in May, moderating from the 1.58% increase seen in April.
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