Economic Snapshot for Central America
October 13, 2021
GDP forecast to expand in 2021
After recovering solidly this year, regional economic growth is set to ease next year as domestic and foreign demand stabilize. Private consumption should remain an important driver of growth, benefiting from tighter regional labor markets and robust remittance inflows. However, uncertainty over the pandemic and the unwinding of fiscal support measures cloud the outlook.
Inflation to ease in 2022
Regional inflation was stable at July’s 4.3% in August. Higher prices for commodities, particularly energy, and supply chain disruptions have pushed up price pressures recently. Inflation is forecast to end this year below its current level, before easing further next year. Depreciating currencies and firming economic activity pose upside risks.
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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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Guatemala: Inflation rises in September
October 8, 2021
Consumer prices increased 0.21% from the previous month in September, unchanged from August's reading.
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Guatemala: Economic growth accelerates notably in Q2
October 8, 2021
The economy expanded 15.1% year-on-year in the second quarter, up markedly from the first quarter’s 4.5% increase.
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Guatemala: Economic activity growth eases to six-month low in August
October 8, 2021
Economic activity rose 7.6% compared to the same month a year earlier in August, which followed July's 11.3% increase.
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Guatemala: Remittance inflows continue growing at a strong pace in September
October 7, 2021
Remittances totaled a record-high of USD 1,299.3 million in September, rising 23.6% year-on-year (August: +32.2% yoy).
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Dominican Republic: Economic activity records lowest expansion since March in August but remains strong
October 3, 2021
Economic activity expanded 11.7% in year-on-year terms in August, which followed July's 12.1% increase.
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