Fiscal Balance in Panama
Panama - Fiscal BalanceAnnual 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
|Fiscal Balance (% of GDP)||-2.4||-3.2||-2.3||-1.9||-1.9|
5 years of economic forecasts for more than 30 economic indicators.
|Stock Market||451||0.0 %||Sep 04|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
October 14, 2019
Consumer prices were unchanged over the prior month in September, following the 0.3% decline in August.
September 16, 2019
Economic growth weakened to 2.9% in annual terms in the second quarter, down from 3.1% in Q1 and marking the worst performance since Q4 2009. The loss of momentum in the second quarter was largely due to a slowdown in the industrial sector (Q2: +2.1% year-on-year; Q1: +3.7% yoy).
September 13, 2019
Consumer prices dropped 0.3% over the prior month in August, contrasting the 0.2% increase registered in July.
August 21, 2019
The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) grew 2.9% over the same month a year prior in June, accelerating from the 2.4% expansion registered in May. Increased economic activity in June was driven by stronger growth in the transport, storage and communications sector—which includes activity in the Panama Canal and national ports.
August 14, 2019
Consumer prices rose 0.2% over the previous month in July, contrasting the 0.3% decline registered in June.