Current Account in Guatemala

Guatemala Current Account | Economic News & Forecasts

Guatemala - Current Account

In April, growth in economic activity accelerated, on the back of a broad-based improvement in activity across domestic sectors, while annual remittances growth was strong, boding well for household income. In the same month, however, inflation jumped and exports fell, while import growth remained robust. This follows a generally weak first quarter in which the economic activity index averaged at the lowest level in a year. This came on the back of a noticeable pick-up in inflation in the period and markedly softer growth in remittances. Meanwhile, a new Congress and president will be elected on 16 June. This will mark the end to President Jimmy Morales’ corruption-scandal laden presidency as he is barred from running, although the elections have still been overshadowed by corruption allegations nonetheless. A run-off between Sandra Torres and Alejandro Giammattei on 11 August is expected.

Guatemala - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-2.6  -2.1  -0.2  1.5  1.5  

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Guatemala Current Account Chart


Guatemala Current Account
Note: Current account balance as % of GDP.
Source: Guatemala Central Bank and Met the why particular calculations.

Guatemala Facts

ValueChangeDate
Exchange Rate7.690.22 %Jun 13

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