Current Account in Guatemala

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

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

The Guatemalan economy regained steam in the second quarter on the back of strong domestic demand. The pace of growth in private consumption nearly doubled, with households benefitting from robust remittances growth. Moderating inflationary pressures provided further stimulus to private consumption. On the other hand, the external sector weakened, with exports contracting sharply and imports rebounding. Looking at the third quarter, the domestic economy likely continued to drive economic momentum. Remittances growth remained strong throughout the quarter, and remittances reached the highest USD value ever recorded in August, boding well for private consumption. Moreover, economic activity shifted into a higher gear in August. However, severe drought conditions in the north of the country could have dampened agricultural output.

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 %Oct 12

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