Current Account in Guatemala

Guatemala Current Account (USD bn) | Economic News & Forecasts

Guatemala - Current Account (billions of U.S. Dollars)

The economy is expected to have grown at a broadly steady pace in the fourth quarter of last year. The index of economic activity averaged only slightly below the reading from the third quarter in October and November. Meanwhile, data suggests that domestic demand should have remained robust in the fourth quarter with inflationary pressures moderating and remittances continuing to grow at a solid, albeit slightly softer, pace compared to the third quarter. On the other hand, the external sector likely remained the weak spot in the final quarter of last year. Exports contracted in November over the same month a year prior while import growth accelerated, and the trade deficit consequently widened. This follows a third quarter during which the merchandise trade deficit grew larger and the current account surplus narrowed. On the political front, the government’s continued conflict with the UN’s anticorruption body and its attempt to expel commissioners could have a negative effect on long-term economic growth by affecting foreign aid inflows.

Guatemala - Current Account (USD bn) Data

2013  2014  2015  2016  2017  
Current Account Balance (USD bn)-1.4  -1.2  -0.1  1.0  1.1  

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Guatemala Current Account (USD bn) Chart

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

Guatemala Facts

Exchange Rate7.740.22 %Feb 14

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