Current Account in Guatemala

Guatemala Current Account | Economic News & Forecasts

Guatemala - Current Account

The economy seems to have accelerated again in the third quarter, judging by the monthly economic activity index, after growth picked up in the second quarter. In September, economic activity was buttressed by robust growth in the wholesale and retail trade, manufacturing, and financial services sub-sectors. Moreover, remittances growth shifted into a higher gear in the quarter which, alongside notably softer inflationary pressures, should have spurred household consumption. On the other hand, the merchandise trade deficit widened in the three months ending in September compared to Q2 despite strong export growth, likely weighing on the external sector and by extension the wider economy. Although data for the fourth quarter is limited, remittances remained robust in October, boding well for private outlays.

Guatemala - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-2.6  -2.1  -0.2  1.5  1.6  

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Guatemala Current Account Chart

Guatemala Current Account
Note: Current account balance as % of GDP.
Source: Guatemala Central Bank and FocusEconomics calculations.

Guatemala Facts

Exchange Rate7.710.22 %Jan 01

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