Current Account in Panama

Panama Current Account | Economic News & Forecasts

Panama - Current Account

After rebounding in Q3 2018 following three quarters of consecutively slower growth, the economy appears to have continued to regain steam in the last quarter of the year. However, growth was likely still weaker than the country’s long-term average, as indicated by modest economic activity readings in October and November. The construction sector, which performed reasonably well in Q3 after slumping in the previous quarter, should have supported the expansion in Q4, powered by the government’s ongoing infrastructure development. On the political front, in late January parliament approved a law penalizing tax evasion. The move is aimed at avoiding being blacklisted as a tax haven, and should boost the country’s status as a regional financial center as well as business sentiment.

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

ValueChangeDate
Stock Market4400.0 %Feb 14

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Economic News

  • Panama: Economic activity picks up in November

    January 21, 2019

    The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) rose from 3.0% in October to 3.5% in November. According to Panama’s Comptroller’s Office (Contraloría General de la República), the increase in economic activity from January to November was largely due to growth in the sectors of transportation, warehousing and communications (which includes activity in the Panama Canal); water and electricity supply; and commerce—notably in the Colón Free Trade Zone.

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  • Panama: Inflation continues to tumble in December

    January 15, 2019

    Consumer prices fell 0.4% month-on-month in December, matching November’s print.

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  • Panama: Inflation ticks down in November

    December 19, 2018

    Consumer prices fell 0.4% month-on-month in November, contrasting October’s 0.1% increase.

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  • Panama: Growth picks up from near decade-low in Q3, but remains hampered by feeble construction sector

    December 18, 2018

    According to data released by the National Comptroller’s Office (Contraloría General de la República), the economy regained some steam in the third quarter of 2018 after posting its worst performance in nearly a decade in Q2, but nevertheless remained subdued.

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  • Panama: Economic activity softens in October

    December 17, 2018

    The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) fell from 3.8% in September to 3.0% in October. According to Panama’s Comptroller’s Office (Contraloría General de la República), the increase in economic activity from January to October came on the back of growth in the sectors of transportation, warehousing and communications (which includes activity in the Panama Canal); water and electricity supply; and commerce—notably in the Colón Free Trade Zone.

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