Guatemala recorded a Current Account surplus of 0.80 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Guatemala averaged -3.66 percent from 1990 until 2018, reaching an all time high of 1.60 percent in 2017 and a record low of -8.40 percent in 1992.

Current Account to GDP in Guatemala is expected to be -0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Guatemala Current Account to GDP is projected to trend around -1.50 percent in 2020, according to our econometric models.

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Guatemala Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
0.80 1.60 1.60 -8.40 1990 - 2018 percent Yearly


Guatemala Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.

Guatemala Trade Last Previous Highest Lowest Unit
Balance of Trade -681.60 -562.00 68.20 -988.00 USD Million [+]
Current Account 695.20 308.90 695.20 -759.50 USD Million [+]
Current Account to GDP 0.80 1.60 1.60 -8.40 percent [+]
Exports 896.70 970.10 1086.90 145.60 USD Million [+]
Imports 1578.30 1737.10 1881.10 214.00 USD Million [+]
Capital Flows 64.40 1655.80 2619.80 64.40 USD Million [+]
Remittances 9287.80 8192.20 9287.80 96.50 USD Million [+]
Gold Reserves 6.89 6.89 7.06 6.66 Tonnes [+]
Terrorism Index 1.33 0.21 2.64 0.00 [+]
Tourist Arrivals 622396.00 664865.00 664865.00 368746.00 persons [+]
Foreign Direct Investment 195.70 340.00 388.90 66.10 USD Million [+]
Crude Oil Production 9.00 9.00 28.00 7.50 BBL/D/1K [+]