Current Account in Guatemala

Guatemala Current Account | Economic News & Forecasts

Guatemala - Current Account

Available data for Q1 is fairly positive. The private sector seemingly got off to a good start in January with growth in the economic activity index picking up pace and private sector credit growing at the second-quickest pace in two-and-a-half years. However, remittances growth has cooled, with average growth in January–February trending markedly below the reading observed in the fourth quarter of last year. In addition, the merchandise trade deficit widened in January on a drop in exports and robust imports. This follows a fourth quarter in which the economy is expected to have performed well on the back of the domestic side of the economy. Remittances growth was strong in the quarter and the economic activity index edged up. However, the trade deficit widened in the quarter. Moreover, the economy accelerated over last year as a whole according to a preliminary estimate.

Guatemala - Current Account Data

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

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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 Rate7.690.22 %Mar 11

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