Current Account in Guatemala
Guatemala - Current Account (billions of U.S. Dollars)Momentum will have cooled in the third quarter, after the economy registered the strongest pace of growth since at least 2005 in Q2. However, this is partly reflective of a less supportive base effect. Economic activity expanded at a reduced speed in July–August, but remained robust on the back of solid activity in the trade and vehicle repair, manufacturing, real estate and financial services sectors. Moreover, goods export growth slowed in the same period, while softer growth in merchandise imports highlights more moderate domestic demand. On the other hand, remittance growth remained elevated in the quarter as a whole, which, coupled with subdued inflationary pressures, bodes well for household spending. Meanwhile, the fiscal shortfall narrowed significantly through September on greater revenue inflows as the recovery bolstered tax receipts.
Guatemala - Current Account (USD bn) Data
|Current Account Balance (USD bn)||-0.8||0.6||0.8||0.6||1.9|
5 years of economic forecasts for more than 30 economic indicators.
Guatemala Current Account (USD bn) Chart
Source: Guatemala Central Bank and FocusEconomics calculations.
|Exchange Rate||7.71||0.22 %||Jan 01|
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November 24, 2021
Consumer prices increased 0.36% over the previous month in October, picking up from the 0.21% rise seen in September.
November 18, 2021
Economic activity increased 6.3% year-on-year in September (August: +8.2% yoy).
November 8, 2021
Remittances totaled a record-high of USD 1,418.5 million in October, rising 25.2% year-on-year (September: +23.6% yoy).
October 8, 2021
The economy expanded 15.1% year-on-year in the second quarter, up markedly from the first quarter’s 4.5% increase.
October 8, 2021
Economic activity rose 7.6% compared to the same month a year earlier in August, which followed July's 11.3% increase.