Fiscal Balance in Panama

Panama Fiscal Balance | Economic News & Forecasts

Panama - Fiscal Balance

The economy likely grew at a moderate pace in the second quarter after ebbing to a one-decade low in the first quarter. Activity in the Colón Free Trade Zone recovered in May, thanks to a rebound in re-exports, after previously contracting for four consecutive months. On the downside, economic activity lost momentum in the same month, although the transport, storage and communications sector—which includes activity at the Panama Canal and national ports—picked up steam. Meanwhile, Panama Canal toll revenue growth moderated in April–May from that of Q1, likely dampened by the effects of U.S.-China tensions on global trade. Boding well for growth in the third quarter, Cobre Panama’s mining operations should gain steam following its first batch of copper exports in June.

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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Panama Facts

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Stock Market4500.0 %Jul 31

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Economic News

  • Panama: Consumer prices fall at weaker pace in annual terms in July

    August 14, 2019

    Consumer prices rose 0.2% over the previous month in July, contrasting the 0.3% decline registered in June.

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  • Panama: Economic activity loses traction in May

    July 22, 2019

    The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) grew 2.4% in annual terms in May, down from the 2.9% expansion logged in April and marking the worst performance since July 2018. Slower economic activity in May was primarily the result of weaker growth in the construction; mining and quarrying; real estate; trade; and hotels and restaurants sectors.

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  • Panama: Consumer prices fall year-on-year in June

    July 15, 2019

    Consumer prices fell 0.3% over the prior month in June, contrasting the 0.1% increase recorded in May.

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  • Panama: Economic activity remains feeble in April

    June 21, 2019

    The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) grew 2.9% year-on-year in April, down from March’s 3.0% and representing the worst print since July 2018. According to Panama’s Comptroller’s Office (Contraloría General de la República), the increase in economic activity in April came on the back of growth in the sectors of transportation, warehousing and communications (which includes activity in the Panama Canal and national ports); water, gas and electricity supply; financial intermediation; construction; and public administration.

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  • Panama: Growth falters in Q1 on softer construction, shipping and financial services growth

    June 17, 2019

    According to data released by the National Comptroller’s Office, the economy lost traction in the first quarter of 2019, interrupting a growth rebound that had started two quarters prior.

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