Data Briefings
Curated economic briefings across Latin America, updated daily.
Guatemala's 19.1% Remittance Economy Offsets $15.4bn Trade Deficit Pressures
Massive remittance inflows and robust reserves provide external stability despite structural trade imbalances and persistent poverty challenges.
Panama's 4.4% GDP growth masks fiscal fragility with 1.7-month reserves
Robust expansion proceeds amid deflationary pressures and narrow external buffers that constrain monetary flexibility and crisis resilience.
Ecuador's 5.9% Current Account Surplus Masks Dollarization Vulnerabilities at 2.9 Months Reserves
Ecuador posts rare external surplus amid elevated security risks, yet critically thin import cover and minimal FDI inflows expose structural fragility under full dollarization.
Bolivia's Foreign Reserves Collapse to 0.5 Months as Economy Contracts 1.6%
Bolivia faces acute reserve depletion and stagflation dynamics as GDP shrinks amid 19.5% inflation, threatening currency stability and external financing capacity.
Paraguay's 6.6% GDP Growth Masks External Vulnerabilities and Fiscal Constraints
Strong expansion coexists with a deteriorating external position and structural revenue challenges that limit policy flexibility.
Uruguay's 8.7-Month Reserves and 4.4% Trade Surplus Anchor External Stability
Strong external buffers and favorable trade dynamics position Uruguay to navigate global volatility despite modest growth and elevated youth unemployment pressures.
Peru's 10.4-Month Reserve Buffer and 3.6% Current Account Surplus Signal External Resilience
Peru demonstrates robust external defenses with substantial reserves and current account strength, though persistent poverty and income inequality warrant close monitoring amid modest growth.
Chile's 9% unemployment and trade surplus signal uneven recovery dynamics
Chile shows moderate growth amid elevated joblessness, positive external accounts, and monetary easing space, but labour market slack threatens consumption-led expansion.
Colombia's 12% policy rate anchors disinflation amid persistent external imbalances
Elevated real rates combat stubborn 5.1% inflation while a 2.4% GDP current account deficit and negative trade balance expose vulnerability to capital flow reversals.
Argentina's 219.9% Inflation Dominates Despite 4.4% GDP Growth Recovery
Extreme inflation persists even as growth rebounds, creating a complex landscape of recovery amid severe macroeconomic imbalances and shallow external buffers.
Mexico's 6.5% Policy Rate and 3.8% Inflation Create Positive Real Carry Opportunity
Mexico maintains significant positive real rates despite modest growth, offering attractive carry while navigating external vulnerabilities and fiscal constraints.
Brazil's 14% policy rate anchors carry amid fiscal strain and 81.9% debt
Brazil maintains elevated real rates to contain inflation pressures while fiscal vulnerabilities from high public debt threaten macroeconomic stability and external financing conditions.
Venezuela's 254.9% Inflation Undermines Modest Recovery Despite Energy Strength
Hyperinflation persists while narrow trade openness and collapsing current account signal structural fragility beneath surface stabilization.