Fiscal Balance in Guatemala

Guatemala Fiscal Balance | Economic News & Forecasts

Guatemala - Fiscal Balance

The economy likely gathered pace in the second quarter after growth slowed to a one-year low in the first quarter. The economic activity index average rate of growth for Q2 was modestly higher than that of Q1, supported by improvements in the private services; manufacturing; and wholesale and retail trade sectors. Moreover, remittance inflows rose robustly throughout Q2, boding well for household spending. Turning to the third quarter, available data paints a mixed picture. Economic activity moderated slightly in July, although private sector business confidence recovered in July and August. In politics, center-right candidate Alejandro Giammattei won the presidential election in a runoff on 11 August. Once in office in January 2020, the newcomer will face issues such as corruption, a more difficult relationship with the U.S., and migrant inflows. His policies will likely be a continuation of current President Morales’.

Guatemala - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-2.1  -1.9  -1.4  -1.1  -1.3  

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Guatemala Facts

Exchange Rate7.690.22 %Sep 04

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