Current Account in Panama

Panama Current Account | Economic News & Forecasts

Panama - Current Account

Annual economic growth slowed in the second quarter to the weakest pace in nearly a decade, weighed on by declining output in the manufacturing sector. On a brighter note, output in the services sector grew at a faster pace, supported by stronger momentum in the all-important transport, storage and communications sub-sector, which accounts for close to 15% of the economy. Turning to the third quarter, the economy appears primed to accelerate: Annual growth was strong in cargo movements in Panama’s ports in July–August, and annual economic activity growth picked up pace in July compared to June. Meanwhile, in the political arena, the government unveiled its 2020 budget proposal in recent weeks, which includes a small decrease in planned expenditures, which should help contain the fiscal deficit.

Panama - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-9.7  -13.4  -7.9  -8.0  -7.9  

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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.

Panama Facts

Stock Market4510.0 %Sep 04

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