Current Account in Panama

Panama Current Account | Economic News & Forecasts

Panama - Current Account

The economy is under severe strain in the first half of the year. The government declared a national emergency on 13 March and a national quarantine on 25 March, essentially paralyzing all non-essential commercial activity. On the external front, prospects for all-important transit revenues from the Panama Canal in H1 this year appear equally bleak. To help the government manage its finances, international organizations including the IMF, World Bank and IDB have so far provided financial support worth nearly USD 1 billion. Nevertheless, on 24 April, S&P Global Ratings lowered its BBB+ credit rating outlook to negative from stable, citing Panama’s worsening fiscal profile. Meanwhile, the government is now looking at slowly re-activating the economy again, and has allowed a few sectors to begin operating from 13 May.

Panama - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)-7.9  -8.0  -5.9  -8.2  -5.2  

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Panama Current Account Chart


Panama Current Account
Note: Current account balance as % of GDP.
Source: General Controllership of the Republic of Panama and FocusEconomics calculations.

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