Economic Snapshot for Central America
September 14, 2022
Economic Growth
Regional GDP is expected to grow at a softer pace in 2022 amid a tougher base effect, tighter financial conditions and the global echoes of the war in Ukraine. Elevated price pressures, fueled by higher commodity prices, will likely cap consumer spending. That said, lower unemployment rates and solid remittances should provide some respite.
Inflation Outlook
Regional inflation rose to a fresh series-high of 8.8% in July (June: 8.6%) due to price increases in the majority of countries. That said, inflation started to ease in the Dominican Republic, El Salvador, Panama and Puerto Rico. Although inflation is set to slow from current levels in 2022, it is expected to remain elevated.
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5 years of Central America economic forecasts for more than 30 economic indicators.
Central America Economic News
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Panama: Economic activity growth falls to over one-year low in July
September 19, 2022
Economic activity expanded 3.4% year on year in July (June: +8.4% yoy).
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Panama: GDP growth slows in Q2 to over one-year low
September 17, 2022
According to a preliminary reading, GDP growth softened to 9.8% year on year in the second quarter, from 13.6% in the first quarter.
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Panama: Inflation falls to over one-year low in August
September 15, 2022
Inflation eased to 2.1% in August from July’s 3.5%.
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Guatemala: Economic activity records slowest expansion since February 2021 in July
September 9, 2022
Economic activity rose 3.0% year on year in July (June: +3.5% yoy).
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Guatemala: Growth in remittances accelerate in August
September 9, 2022
Remittances rose to USD 1,642.7 million in August and annual growth accelerated to 18.3% year on year in the month (July: +1.2% yoy).
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