Fiscal Balance in Guatemala

Guatemala Fiscal Balance | Economic News & Forecasts

Guatemala - Fiscal Balance

Economic growth picked up pace in the third quarter of 2018 on the back of resilient domestic demand and despite a weak external sector performance. Although easing slightly, growth in private consumption remained sturdy and benefited from strong growth in remittances. Meanwhile, public consumption and fixed investment growth shifted into a higher gear in the quarter, picking up some of the slack. On the other hand, exports contracted at a sharper pace while import growth accelerated. With that said, strong import growth is normally a sign of robust domestic demand. Looking at the final quarter of 2018, economic activity kept up pace in October and November, while growth in remittances remained strong through the quarter. Overall, a preliminary estimate from the Central Bank suggests annual growth accelerated slightly in 2018. In other news, after a year of tensions between the government and the UN, Guatemala pulled out of the UN’s anti-corruption commission and expelled its commissioners. This followed an investigation into government officials and top presidential aides.

Guatemala - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-2.1  -1.9  -1.4  -1.1  -1.4  

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Guatemala Facts

ValueChangeDate
Exchange Rate7.730.22 %Jan 16

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