Guatemala recorded a Current Account surplus of 5.50 percent of the country's Gross Domestic Product in 2020. source: Consejo Monetario Centroamericanono

Current Account to GDP in Guatemala averaged -3.32 percent from 1990 until 2020, reaching an all time high of 5.50 percent in 2020 and a record low of -8.40 percent in 1992. This page provides - Guatemala Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Guatemala Current Account to GDP - values, historical data and charts - was last updated on September of 2021.

Current Account to GDP in Guatemala is expected to reach 2.40 percent by the end of 2021, 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 1.60 percent in 2022 and -0.60 percent in 2023, according to our econometric models.

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Guatemala Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
5.50 2.30 5.50 -8.40 1990 - 2020 percent of GDP Yearly

Guatemala Trade Last Previous Highest Lowest Unit
Balance of Trade -1070.30 -1030.00 68.20 -1070.30 USD Million [+]
Current Account 884.25 1041.73 1534.06 -880.98 USD Million [+]
Current Account to GDP 5.50 2.30 5.50 -8.40 percent of GDP [+]
Imports 2154.00 2159.70 2159.70 214.00 USD Million [+]
Exports 1131.40 1089.40 1298.00 145.60 USD Million [+]
Capital Flows 631.40 256.80 631.40 -1423.10 USD Million [+]
Remittances 1388.60 1354.30 1388.60 83.20 USD Million [+]
Gold Reserves 6.89 6.89 7.07 6.67 Tonnes [+]
Foreign Direct Investment 305.60 228.80 444.40 66.10 USD Million [+]
Crude Oil Production 7.00 7.00 28.00 4.00 BBL/D/1K [+]
Terrorism Index 0.66 1.33 2.64 0.00 [+]
Tourist Arrivals 0.00 538832.00 667205.00 0.00 persons [+]

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.