Fiscal Balance in Panama

Panama Fiscal Balance | Economic News & Forecasts

Panama - Fiscal Balance

Annual economic growth slowed in the second quarter to the weakest pace in nearly a decade, weighed on by declining output in the manufacturing sector. On a brighter note, output in the services sector grew at a faster pace, supported by stronger momentum in the all-important transport, storage and communications sub-sector, which accounts for close to 15% of the economy. Turning to the third quarter, the economy appears primed to accelerate: Annual growth was strong in cargo movements in Panama’s ports in July–August, and annual economic activity growth picked up pace in July compared to June. Meanwhile, in the political arena, the government unveiled its 2020 budget proposal in recent weeks, which includes a small decrease in planned expenditures, which should help contain the fiscal deficit.

Panama - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-2.4  -3.2  -2.3  -1.9  -1.9  

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