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Latin America latest publications

October 6, 2022

Peru | Tracking consumption with real-time data in September 2022

BBVA Research's big data consumption index (inflation-adjusted spending with cards and cash withdrawals) slowed significantly in the third quarter, despite an improvement in September.

October 6, 2022

Colombia Economic Outlook. October 2022

The Colombian economy will enter a lower growth fase. Private consumption will stabilize at more sustainable levels in the medium term. Inflation will gradually moderate in 2023. The Central Bank will have space to start a gradual interest rate reduction cycle at the end of 2023.

October 5, 2022

Colombia | As expected, inflation continued to rise, standing at 11.4% in September

Inflation continued to rise and in September registered an annual change of 11.4% and a monthly change of 0.93%. The figure was higher than expected by the average of market analysts and BBVA Research, at the upper limit of forecasts (0.92%), although it was lower than the monthly inflation observed in the previous month.

October 3, 2022

Peru | Growth isn't everything, but...

Although GDP per capita is not necessarily an indicator of social well-being, it is strongly correlated with improvements in people's quality of life.

October 3, 2022

Mexico | Remittances growth slows, up 7.8% in August

So far in 2022, remittances to Mexico show a lower performance in relative terms compared to other countries in the Latin American and Caribbean region such as Guatemala (+20.8%), Honduras (+20.6%), Nicaragua (+ 38.4%) and Brazil (+25.4%).

October 1, 2022

Colombia | Labor market shows slight signs of recovery in August

In August of this year, the national unemployment rate was 10.6% and the urban unemployment rate was 10.8%. In seasonally adjusted terms, compared to the previous month, the unemployment rate remained relatively stable at the national and urban levels. The labor market showed a weak improvement in August.

September 29, 2022

Banco de la República raised its monetary policy rate to 10.0%. With a 6 to 1 split vote

At its September meeting, Banco de la República increased the monetary policy rate by 100 basis points, bringing it to 10.0%, in line with BBVA Research's expectations. The decision was split, with one vote in favor of a 50 bp increase.

September 15, 2022

Financial Inclusion and Digitalization: Dynamics in LATAM

Both the processes of financial inclusion and digitalization have great potential for dissemination in LATAM, both of which are key to promoting well-being and productivity in the region.