Current Account in Guatemala

Guatemala Current Account (USD bn) | Economic News & Forecasts

Guatemala - Current Account (billions of U.S. Dollars)

High-frequency data points to a slight moderation in economic growth in the first quarter. Firstly, the Central Bank’s monthly activity index recorded a softer expansion, on average, in the three months ending in March. Additionally, price pressures have risen in the same time frame and this—coupled with easing remittance inflows—bodes poorly for household spending. Finally, cooling goods import growth further underlines reduced domestic demand. That said, a smaller merchandise trade deficit suggests that the external sector will have dragged less on the economy. Momentum continued to moderate at the outset of the second quarter, as evidenced by an eight-month soft expansion in economic activity in April. Furthermore, inflation rose to a 14-month high in May and remittances growth eased on average in April–May, likely impeding private consumption.

Guatemala - Current Account (USD bn) Data

2015   2016   2017   2018   2019  
Current Account Balance (USD bn)-0.8  0.6  0.8  0.6  1.9  

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Guatemala Current Account (USD bn) Chart

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

Guatemala Facts

Value Change Date
Exchange Rate7.710.22 %Jan 01

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