Exports in Panama
Panama - Exports
The economy grew rapidly but lost steam in Q4, largely due to a waning base effect and cooling growth in the services and industrial sectors. Turning to Q1, economic activity continued to grow at a solid, albeit softer rate in January–February. Both construction activity and new vehicles sales decelerated in the first two months of 2022, while rising energy and food prices likely capped private consumption growth. More positively, Panama Canal activity reflected a recovery to pre-pandemic levels at the outset of this year, while manufacturing activity was healthy. Turning to Q2, in late April, Turkey and Panama signed an agreement to further trade and tourism, boding well for the business environment. In addition, the country’s early May regularization of crypto assets could increase financial flows, although it may worsen Panama's reputation regarding financial transparency.Panama - Exports Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Exports (USD billion) | 14.2 | 12.9 | 13.8 | 14.8 | 14.4 |
Panama Facts
| Value | Change | Date |
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Economic News
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Panama: Inflation comes in at highest level since December 2013 in April
May 14, 2022
Consumer prices increased 0.58% over the previous month in April, moderating from March's 0.87% increase.
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Panama: Economic activity growth rises in February
April 21, 2022
Economic activity increased 13.3% in year-on-year terms in February, which followed January's 12.3% increase.
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Panama: Inflation comes in at highest level since November 2021 in March
April 13, 2022
Consumer prices increased 0.87% over the previous month in March, accelerating from February's 0.69% increase.
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Panama: Economic activity growth loses steam in January
March 21, 2022
Economic activity grew 11.7% compared to the same month of the previous year in January, which was below December's 17.1% increase.
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Panama: Inflation comes in at highest level since November 2021 in February
March 15, 2022
Consumer prices rose 0.69% in February over the previous month, accelerating from the 0.32% rise logged in January.
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