Fiscal Balance in Panama

Panama Fiscal Balance | Economic News & Forecasts

Panama - Fiscal Balance

The economy likely picked up pace in the third quarter, after GDP plunged to an over eight-year low in the second quarter due to prolonged strikes within the construction sector. Nevertheless, economic momentum should have remained much weaker than its long-term average, which was reflected by relatively subdued—though strengthening—readings for the monthly economic activity indicator (IMAE, Índice Mensual de Actividad Económica) over the quarter. On the other hand, data for the Panama Canal shows strong freight activity growth in the period, which particularly ramped up in September. On the political front, President Varela met Chinese President Xi Jinping on 2–3 December—the first diplomatic visit of a Chinese official since the two countries established diplomatic ties in June last year—and signed nineteen wide-ranging cooperation agreements on matters such as banking, infrastructure, trade and tourism, highlighting increasing economic ties between the two countries.

Panama - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-2.4  -3.2  -2.3  -1.9  -1.7  

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Panama Facts

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Stock Market4540.0 %Dec 12

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Economic News

  • Panama: Economic activity continues to gain steam in September

    November 16, 2018

    The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) accelerated from 3.4% in August to 3.4% in September, its best showing since last April. According to Panama’s Comptroller’s Office (Contraloría General de la República), the increase in economic activity from January to September came on the back of growth in the sectors of fishing; transportation, warehousing and communications (which includes activity in the Panama Canal); water and electricity supply; and commerce.

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  • Panama: Inflation ticks up in October

    November 16, 2018

    Consumer prices increased 0.1% month-on-month in October, contrasting September’s flat reading.

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  • Panama: Economic activity picks up markedly in August

    October 17, 2018

    The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) accelerated from 2.0% in July to 3.4% in August, its best showing since last April. According to Panama’s Comptroller’s Office (Contraloría General de la República), the increase in economic activity from January to August came on the back of growth in the sectors of fishing; transportation, warehousing and communications (which includes activity in the Panama Canal); water and electricity supply; public administration; commerce; and financial intermediation.

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  • Panama: Inflation continues to decrease in September

    October 15, 2018

    Consumer prices were flat month-on-month in September, following the 0.1% month-on-month increase logged in August.

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  • Panama: Growth continues slowing to near decade-low in Q2, weighed on by construction strikes

    September 17, 2018

    According to data released by the National Comptroller’s Office (Contraloría General de la República), the economy continued to lose steam in the second quarter of 2018.

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