Exports in Guatemala
Guatemala - Exports
Economic growth cooled in the fourth quarter of last year on the back of a softer expansion in domestic demand. Moreover, the external sector’s performance also moderated, as exports eased more strongly than imports. Turning to the first quarter of this year, economic activity is likely to have continued to slow. On average, growth in the monthly economic activity index moderated in January–February, hitting a one-year low in February. However, the data still pointed to a robust pace of growth. Household consumption in the quarter should have shifted into a lower gear. Remittances expanded at a more moderate pace, while inflationary forces intensified and reached a 10-month high in March amid the fallout of the war in Ukraine, which sent energy prices spiraling. Turning to the current quarter, remittances in USD reached an all-time high in April, boding well for private consumption.Guatemala - Exports Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Exports (USD billion) | 10.7 | 10.4 | 11.0 | 11.0 | 11.2 |
Guatemala Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 7.71 | 0.22 % | Jan 01 |
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Economic News
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Guatemala: Economic activity growth eases in March
May 13, 2022
Economic activity rose 4.3% year-on-year in March (February: +4.6% yoy).
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Guatemala: Inflation comes in at highest level since May 2021 in April
May 12, 2022
Consumer prices rose 2.47% in April over the previous month, accelerating from the 1.89% increase logged in March.
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Guatemala: Growth in remittances cools in March
May 10, 2022
Remittances rose to a record-high USD 1,516.1 million in April, with annual growth accelerating to 23.1% year on year in the month (March: +16.1% yoy).
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Guatemala: Central Bank keeps rate unchanged in April
April 28, 2022
The Monetary Board of the Central Bank of Guatemala (Banguat) stood pat at its 27 April meeting, keeping the monetary policy rate at 1.75%. In deliberating its decision, the monetary policy authority noted that the economy continued to perform robustly, but that downside risks increased in recent weeks amid the fallout from the war in Ukraine.
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Guatemala: Economic activity growth ebbs in February
April 26, 2022
Economic activity grew 3.9% year-on-year in February (January: +4.6% yoy).
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