Current Account in Guatemala

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

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

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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