External Debt in Guatemala
Guatemala - External DebtThe economy likely remained in the doldrums in Q3 amid the ongoing health crisis. Economic activity continued to contract in July–September, although the drop in September was the softest since the outbreak of the crisis in March. Moreover, merchandise imports dropped at a quicker rate in July compared to the prior month, suggesting that domestic demand remained frail. More positively, however, exports of goods returned to growth in the same month for the first time since February, while household consumption should have been supported by solid growth in remittance inflows in Q3, although the pace of expansion eased from the prior quarter. Turning to Q4, prospects are less than rosy due to a surge in new Covid-19 cases across the globe, which will likely dent exports and the tourism sector, while remittances could suffer from renewed restrictions abroad.
Guatemala - External Debt Data
|External Debt (% of GDP)||32.8||32.5||32.1||30.6||-|
5 years of economic forecasts for more than 30 economic indicators.
Guatemala External Debt Chart
Source: Guatemala Central Bank and FocusEconomics calculations.
|Exchange Rate||7.71||0.22 %||Jan 01|
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June 14, 2021
Economic activity increased 12.4% year-on-year in April (March: +9.4% yoy).
June 8, 2021
Consumer prices increased 0.16% from the previous month in May, picking up from the 0.11% increase logged in April.
June 8, 2021
Remittances totaled USD 1,236.7 million in May, jumping 47.8% year-on-year (April: +78..% yoy).
May 26, 2021
At its 26 May meeting, the Monetary Board of the Central Bank of Guatemala opted to keep the monetary policy rate unchanged at the all-time low of 1.75%, marking the seventh consecutive hold. The decision was driven by the Bank’s assessment that indicators continue to show strengthening activity, with the latest data remaining in line with the forecasted 3.0%–5.0% GDP growth for 2021.
May 11, 2021
Consumer prices increased 0.11% in April over the previous month, below March's 0.33% increase.