Economic Snapshot for Central America
January 18, 2022
GDP growth to ease in 2022
Regional economic growth is forecast to ease this year compared to 2021’s rebound. Nonetheless, tightening labor markets, coupled with robust remittance inflows and normalizing economic conditions, are set to buoy activity. The outlook is clouded by lingering Covid-19-related uncertainty amid low vaccination rates in the region.
Inflation to ease in 2022
Preliminary data showed that inflation inched up from 4.8% in November to 4.9% in December. Stronger price growth in Guatemala, Honduras and Nicaragua offset easing inflation in Costa Rica and El Salvador. This year, inflation should cool somewhat as economic conditions normalize. However, continued currency depreciation poses an upside risk.
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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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Guatemala: Economic activity growth picks up pace in November
January 14, 2022
Economic activity rose 5.0% in year-on-year terms in November, up from October's 4.5% increase.
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Dominican Republic: Inflation comes in at highest level since June in December
January 14, 2022
Consumer prices rose 0.73% from the previous month in December, lower than the 1.08% rise logged in November.
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Panama: Inflation plunges to lowest level since September in December
January 14, 2022
Consumer prices dropped 0.41% in December over the previous month, contrasting November's 0.30% rise.
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Guatemala: Economic growth cools in Q3
January 14, 2022
Economic growth cooled to 8.6% in the third quarter from 15.2% in the second quarter.
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Costa Rica: Economic activity growth slows for fourth month running in November
January 11, 2022
Economic activity grew 9.8% terms in November, which followed October’s 10.5% increase and again marked the softest expansion since April.
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