Current Account in Panama

Panama Current Account | Economic News & Forecasts

Panama - Current Account

Economic growth plunged to an eight-and-a-half year low in the second quarter, hampered by the month-long wage strike in the construction sector in April–May, which halted nearly all ongoing projects. Available data regarding the third quarter is so far mixed, but a likely rebound in construction should have helped growth pick up somewhat. Although the monthly economic activity indicator (IMAE, Índice Mensual de Actividad Económica) was very weak in July, freight data in the Panama Canal picked up significantly in August, which bodes well for activity in the export-oriented sectors—and notably the Colón Free Trade Zone.

Panama - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-9.7  -13.4  -7.9  -5.5  -4.9  

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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 Market4610.0 %Oct 12

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