Small Economies – Central America & Caribbean Award Winners
The FocusEconomics 10th Anniversary Analyst Forecast Awards celebrate a decade of recognizing the world’s most accurate economic forecasters. Below are the top three ranked forecasters for each indicator across the Central America & Caribbean region, covering 8 countries.
GDP
| Country | 1st Place | 2nd Place | 3rd Place |
|---|---|---|---|
| Costa Rica |
JPMorgan
Steven Palacio
|
BNCR
Dirección de Análisis Económico
|
Icefi
Carlos Gossman
|
| Dominican Republic |
Ecoanalítica
Research Team
|
Barclays Capital
Nestor Rodriguez
|
CABI
Paulo de Leon, Paula Achury
|
| El Salvador |
Moody’s Analytics
Gustavo Rojas Matute
|
Icefi
Carlos Gossman
|
BMI, a FitchSolutions Company
BMI Research Team
|
| Guatemala |
AGPV
Efrain Velazquez
|
Icefi
Carlos Gossman
|
EMFI
EMFI Research team
|
| Honduras |
AGPV
Efrain Velazquez
|
Euromonitor International
Economies & Consumers Team
|
Barclays Capital
Nestor Rodriguez
|
| Jamaica |
Moody’s Analytics
Elise Burton
|
EIU
Lian Lin
|
EMFI
EMFI Research team
|
| Nicaragua |
Fitch Ratings
Javier Alfaro, Richard Francis
|
CEFSA
CEFSA Research Team
|
CABI
Paulo de Leon, Paula Achury
|
| Panama |
Fitch Ratings
Christopher Dychala, Jordy Juvera
|
Panacamara
Research Team
|
Citigroup Global Mkts
Esteban Tamayo
|
8 countries
Inflation
| Country | 1st Place | 2nd Place | 3rd Place |
|---|---|---|---|
| Costa Rica |
Icefi
Carlos Gossman
|
BMI, a FitchSolutions Company
BMI Research Team
|
BNCR
Dirección de Análisis Económico
|
| Dominican Republic |
FrontierView
Research Team
|
Oxford Economics
Mauricio Monge
|
Fitch Ratings
Christopher Dychala, Todd Martinez
|
| El Salvador |
BancTrust & Co.
Juan Martin Sola
|
CEFSA
CEFSA Research Team
|
Icefi
Carlos Gossman
|
| Guatemala |
EIU
Latam team
|
Fitch Ratings
Javier Alfaro, Jordy Juvera
|
CEFSA
CEFSA Research Team
|
| Honduras |
BMI, a FitchSolutions Company
BMI Research Team
|
Oxford Economics
Tim Hunter
|
Euromonitor International
Economies & Consumers Team
|
| Jamaica |
BMI, a FitchSolutions Company
BMI Research Team
|
Barclays Capital
Nestor Rodriguez
|
Moody’s Analytics
Elise Burton
|
| Nicaragua |
Fitch Ratings
Javier Alfaro, Richard Francis
|
EIU
Latam team
|
CEFSA
CEFSA Research Team
|
| Panama |
Fitch Ratings
Christopher Dychala, Jordy Juvera
|
Banistmo
Investigaciones Económicas Banistmo
|
EIU
Cecilia Godoy
|
8 countries
Current Account
| Country | 1st Place | 2nd Place | 3rd Place |
|---|---|---|---|
| Costa Rica |
BancTrust & Co.
Research Team
|
EIU
Latam team
|
EMFI
EMFI Research team
|
| Dominican Republic |
Moody’s Analytics
Gustavo Rojas Matute
|
Oxford Economics
Mauricio Monge
|
JPMorgan
Steven Palacio
|
| El Salvador |
Citigroup Global Mkts
Esteban Tamayo
|
EMFI
EMFI Research team
|
EIU
André Masuko
|
| Guatemala |
Euromonitor International
Economies & Consumers Team
|
EIU
Latam team
|
Fitch Ratings
Javier Alfaro, Jordy Juvera
|
| Honduras |
EIU
Cecilia Godoy
|
EMFI
EMFI Research team
|
Euromonitor International
Economies & Consumers Team
|
| Nicaragua |
EIU
Latam team
|
Fitch Ratings
Javier Alfaro, Richard Francis
|
BMI, a FitchSolutions Company
BMI Research Team
|
6 countries
Fiscal Balance
| Country | 1st Place | 2nd Place | 3rd Place |
|---|---|---|---|
| Costa Rica |
CEFSA
CEFSA Research Team
|
Barclays Capital
Nestor Rodriguez
|
BancTrust & Co.
Research Team
|
| Dominican Republic |
Ecoanalítica
Research Team
|
CABI
Paulo de Leon, Paula Achury
|
Oxford Economics
Mauricio Monge
|
| El Salvador |
Citigroup Global Mkts
Esteban Tamayo
|
CEFSA
CEFSA Research Team
|
Barclays Capital
Nestor Rodriguez
|
| Guatemala |
Bancolombia
Economic Research Team of Grupo Bancolombia
|
AGPV
Efrain Velazquez
|
CABI
Paulo de Leon, Paula Achury
|
| Honduras |
Barclays Capital
Nestor Rodriguez
|
CABI
Paulo de Leon, Paula Achury
|
EIU
Cecilia Godoy
|
| Jamaica |
Oxford Economics
Mauricio Monge
|
Barclays Capital
Nestor Rodriguez
|
BMI, a FitchSolutions Company
BMI Research Team
|
| Nicaragua |
EIU
Latam team
|
BMI, a FitchSolutions Company
BMI Research Team
|
CABI
Paulo de Leon, Paula Achury
|
| Panama |
AGPV
Efrain Velazquez
|
Banistmo
Investigaciones Económicas Banistmo
|
CABI
Paulo de Leon, Paula Achury
|
8 countries
Exchange Rate
| Country | 1st Place | 2nd Place | 3rd Place |
|---|---|---|---|
| Costa Rica |
BancTrust & Co.
Research Team
|
BNCR
Dirección de Análisis Económico
|
Fitch Ratings
Christopher Dychala, Javier Alfaro
|
| Dominican Republic |
Fitch Ratings
Christopher Dychala, Todd Martinez
|
Citigroup Global Mkts
Esteban Tamayo
|
BMI, a FitchSolutions Company
BMI Research Team
|
| Guatemala |
Fitch Ratings
Javier Alfaro, Jordy Juvera
|
EIU
Latam team
|
EMFI
EMFI Research team
|
| Honduras |
BMI, a FitchSolutions Company
BMI Research Team
|
CABI
Paulo de Leon, Paula Achury
|
Barclays Capital
Nestor Rodriguez
|
| Jamaica |
Fitch Ratings
Richard Francis, Joshua Grundleger
|
EIU
Lian Lin
|
Barclays Capital
Nestor Rodriguez
|
| Nicaragua |
Fitch Ratings
Javier Alfaro, Richard Francis
|
EIU
Latam team
|
CABI
Paulo de Leon, Paula Achury
|
6 countries
Interest Rate
| Country | 1st Place | 2nd Place | 3rd Place |
|---|---|---|---|
| Costa Rica |
Fitch Ratings
Christopher Dychala, Javier Alfaro
|
BMI, a FitchSolutions Company
BMI Research Team
|
EIU
Latam team
|
| Dominican Republic |
Barclays Capital
Nestor Rodriguez
|
AGPV
Efrain Velazquez
|
Econosignal Deloitte
Research Team
|
2 countries
Unemployment
| Country | 1st Place | 2nd Place | 3rd Place |
|---|---|---|---|
| Guatemala |
Oxford Economics
Tim Hunter
|
Euromonitor International
Economies & Consumers Team
|
Fitch Ratings
Javier Alfaro, Jordy Juvera
|
| Nicaragua |
EIU
Latam team
|
Fitch Ratings
Javier Alfaro, Richard Francis
|
BMI, a FitchSolutions Company
BMI Research Team
|
2 countries
Overall
| Country | 1st Place | 2nd Place | 3rd Place |
|---|---|---|---|
| Costa Rica |
BNCR
Dirección de Análisis Económico
|
Fitch Ratings
Christopher Dychala, Javier Alfaro
|
Icefi
Carlos Gossman
|
| Dominican Republic |
Barclays Capital
Nestor Rodriguez
|
BMI, a FitchSolutions Company
BMI Research Team
|
Ecoanalítica
Research Team
|
| El Salvador |
Icefi
Carlos Gossman
|
BancTrust & Co.
Juan Martin Sola
|
JPMorgan
Steven Palacio
|
| Guatemala |
CEFSA
CEFSA Research Team
|
Fitch Ratings
Javier Alfaro, Jordy Juvera
|
Icefi
Carlos Gossman
|
| Honduras |
Oxford Economics
Tim Hunter
|
Barclays Capital
Nestor Rodriguez
|
Euromonitor International
Economies & Consumers Team
AGPV
Efrain Velazquez
|
| Jamaica |
EIU
Lian Lin
|
Moody’s Analytics
Elise Burton
|
Barclays Capital
Nestor Rodriguez
|
| Nicaragua |
Fitch Ratings
Javier Alfaro, Richard Francis
|
EIU
Latam team
|
CEFSA
CEFSA Research Team
|
| Panama |
Fitch Ratings
Christopher Dychala, Jordy Juvera
|
CEFSA
CEFSA Research Team
|
Citigroup Global Mkts
Esteban Tamayo
|
8 countries
Rankings determined by FocusEconomics’ proprietary accuracy methodology. Where two forecasters achieved equal accuracy, both are listed at the same rank.