Economic Snapshot for Central America
January 18, 2023
Economic Growth
Regional growth will nearly halve this year from 2022’s projected level. Above-target inflation, high borrowing costs dampening credit and still-elevated unemployment will dampen private spending. The projected global slowdown bodes ill for remittances, tourism and regional export revenue. Domestic political instability is a risk.
Inflation Outlook
Inflation was stable at November’s 8.4% in December; stronger inflation in the Dominican Republic and Panama was offset by easing price pressures in Costa Rica. Inflation by end-2023 will moderate in nearly all countries across the region, although it will remain above central banks’ targets in most cases.
Sample Report
5 years of Central America economic forecasts for more than 30 economic indicators.
Central America Economic News
-
Guatemala: Economic activity ticks up in November
January 16, 2023
Economic activity growth accelerated marginally to 3.8% year on year in November, from October’s 3.7%.
-
Dominican Republic: Inflation reverts downward trend in December and picks up slightly
January 15, 2023
Inflation edged up to 7.8% in December from November’s 7.6%.
-
Guatemala: GDP growth records slowest increase since Q4 2020 in Q3
January 13, 2023
GDP growth waned to 3.8% year on year in the third quarter from 4.1% in Q2.
-
Panama: Inflation increases in December to the highest rate since July
January 13, 2023
Inflation increased to 2.1% in December from November’s 1.5%.
-
Guatemala: Inflation stabilizes in December
January 12, 2023
Inflation came in at 9.2% in December, unchanged from the previous month.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
