Current Account in Panama

Panama Current Account | Economic News & Forecasts

Panama - Current Account

Economic 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

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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