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Central Bank foresees lower trade deficit

December 22, 2016 by Staff News Writer

According to data published by the Central Bank, the trade balance of goods accumulated a deficit equivalent to 6.8% of Gross Domestic Product (GDP) in the third quarter of 2016.

This figure is lower than a year earlier, when in the same period the difference between imports and exports recorded an internal deficit equivalent to 7.9% of production.

According to the entity, if this behavior continues, the trade deficit in 2016 would settle at around 9.6% of GDP and current account deficit at 3.5%.

Both levels are lower than those contemplated in the Macroeconomic Program revision (10.5% and 4.2%, respectively).

Despite the smaller deficit, exporters warn that the export target will not be reached this year.

In October this year, the goal of goods export was 76%, about $8,279,000 of a total of $10,800 million.

crhoy.com

Related articles:

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  2. Negative trade balance increases for Central America
  3. Boot Camp to Strengthen trade with Central America
  4. Central Bank announces macroeconomic program
  5. Authorities managed to slow fiscal deficit
  6. New taxes would reduce deficit in less than half

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