Current Account in Panama
Panama - Current AccountEconomic growth likely lost pace in Q3, due to a weaker base effect and the tightening of restrictions at the outset of the quarter, but momentum seemingly remained upbeat nonetheless. Economic activity grew at a softer, albeit still-robust, pace in July–August, while available data for the whole quarter paints a similar picture. Fuel sales and new vehicle registrations posted solid increases, although the pace of growth lost notable steam amid the same fading base effect, after new vehicle registrations skyrocketed in the second quarter. Meanwhile, rules for incoming travelers were relaxed in September, while domestic restrictions were eased in the same month amid an accelerating vaccination campaign, with over half of the population fully vaccinated by early November. This bodes well for activity in the final quarter of the year.
Panama - Current Account Data
|Current Account (% of GDP)||-7.9||-8.0||-5.9||-8.2||-5.2|
5 years of economic forecasts for more than 30 economic indicators.
Panama Current Account Chart
Source: General Controllership of the Republic of Panama and FocusEconomics calculations.
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November 15, 2021
Consumer prices increased 0.30% over the previous month in October, accelerating from September's 0.15% increase.
October 21, 2021
Economic activity expanded 26.4% year-on-year in August (July: +35.9% yoy).
October 15, 2021
Consumer prices rose 0.15% in September over the previous month, accelerating from August's 0.04% increase.
September 21, 2021
Economic activity increased 28.5% in year-on-year terms in July, which followed June's 32.9% increase.
September 17, 2021
According to a preliminary estimate, economic activity rebounded in the second quarter, increasing 40.4% year-on-year and contrasting the 8.5% contraction recorded in the first quarter.