Current account balance in Guatemala
Guatemala: Current account balance was 2.9% in 2024. ◆ Volatile
Current account balance in Guatemala, 1977–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Guatemala recorded 2.9% for current account balance in 2024.
That represents a change of down 6.3% on the previous year and up 187.5% over ten years.
Over the whole period, current account balance in Guatemala peaked at 5.0% in 2020 and was at its lowest, -6.8%, in 2001.
Guatemala ranks 56th of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance in Guatemala, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1977 | -0.6% | — |
| 1978 | -4.5% | +591.8% |
| 1979 | -3.0% | -33.2% |
| 1980 | -2.1% | -30.4% |
| 1981 | -6.7% | +221.0% |
| 1982 | -4.6% | -31.2% |
| 1983 | -2.5% | -46.0% |
| 1984 | -4.0% | +61.1% |
| 1985 | -2.5% | -36.4% |
| 1986 | -0.2% | -90.4% |
| 1987 | -6.2% | +2466.6% |
| 1988 | -5.3% | -15.5% |
| 1989 | -4.4% | -17.3% |
| 1990 | -2.8% | -36.2% |
| 1991 | -2.0% | -29.8% |
| 1992 | -6.8% | +246.2% |
| 1993 | -6.2% | -9.0% |
| 1994 | -4.8% | -21.8% |
| 1995 | -3.9% | -18.9% |
| 1996 | -2.9% | -26.3% |
| 1997 | -3.6% | +23.8% |
| 1998 | -5.4% | +50.4% |
| 1999 | -5.6% | +4.5% |
| 2000 | -5.4% | -2.8% |
| 2001 | -6.8% | +25.1% |
| 2002 | -6.0% | -11.3% |
| 2003 | -4.8% | -20.3% |
| 2004 | -4.9% | +2.5% |
| 2005 | -4.6% | -6.2% |
| 2006 | -5.1% | +10.6% |
| 2007 | -5.3% | +3.8% |
| 2008 | -4.0% | -24.1% |
| 2009 | 0.2% | -104.8% |
| 2010 | -1.9% | -1068.7% |
| 2011 | -3.4% | +78.7% |
| 2012 | -3.7% | +10.5% |
| 2013 | -4.2% | +13.4% |
| 2014 | -3.3% | -21.9% |
| 2015 | -1.2% | -62.3% |
| 2016 | 1.0% | -177.5% |
| 2017 | 1.2% | +24.0% |
| 2018 | 0.9% | -25.9% |
| 2019 | 2.4% | +166.4% |
| 2020 | 5.0% | +113.6% |
| 2021 | 2.2% | -57.0% |
| 2022 | 1.2% | -46.1% |
| 2023 | 3.1% | +163.8% |
| 2024 | 2.9% | -6.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -2.7% | -4.5% | -0.6% | 3 |
| 1980s | -3.8% | -6.7% | -0.2% | 10 |
| 1990s | -4.4% | -6.8% | -2.0% | 10 |
| 2000s | -4.7% | -6.8% | 0.2% | 10 |
| 2010s | -1.2% | -4.2% | 2.4% | 10 |
| 2020s | 2.9% | 1.2% | 5.0% | 5 |
Countries ranked near Guatemala
More economy & growth data for Guatemala
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.43 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.86 Percent per annum (2029)
- Manufacturing, value added (current US$), per unit of GDP 0.1319 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 870.59 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 1.01 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 6,686 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0972 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 641.11 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 4,631 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 9.51 % change on previous year (2025)
Frequently asked questions
- What is current account balance in Guatemala?
- Current account balance in Guatemala was 2.9% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Guatemala?
- The highest recorded value was 5.0% in 2020.
- What is the lowest current account balance recorded in Guatemala?
- The lowest recorded value was -6.8% in 2001.
- How does Guatemala rank for current account balance?
- Guatemala ranks 56th out of 200 countries with data for 2024.
- Is current account balance rising or falling in Guatemala?
- Over the last ten years it is up 187.5%. The long-run trend across the full record is volatile.
- Where does this Guatemala data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.