International Reserves in Panama
Panama - International Reserves
The economy grew at a solid albeit slightly softer rate in Q1 compared to Q4 2021, according to monthly economic activity data. This was chiefly driven by a tougher base effect and rising energy and food prices, which likely capped private consumption growth. That said, output in Q1 was stimulated by healthy copper exports and a recovery of Panama Canal activity. Turning to Q2, available data indicates that growth should be resilient despite rising global demand constraints. Construction output and new vehicle sales in April increased year on year. Meanwhile, the current high price of copper and the expected rebound in tourist arrivals should be further supporting growth. Furthermore, the dollarized economy as well as the recent price cap on fuel should alleviate the rise in inflation and thus mitigate the hit to households’ purchasing power.Panama - International Reserves Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| International Reserves (USD) | 3.4 | 3.8 | 2.7 | 2.1 | 3.4 |
Panama International Reserves Chart
Source: International Monetary Fund and FocusEconomics calculations.
Panama Facts
| Value | Change | Date |
|---|
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Economic News
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Panama: Economic activity growth slows in September but remains rapid
November 21, 2022
Economic activity rose 12.2% in year-on-year terms in September, which was a deterioration from August's 12.9% increase.
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Panama: Inflation falls to lowest level since June 2021 in October
November 15, 2022
Inflation came in at 1.7% in October, which was down from September’s 1.9%.
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Panama: Economic activity expands at fastest pace in six months in August
October 19, 2022
Economic activity rose 12.8% year on year in August (July: +3.6% yoy).
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Panama: Economic activity growth falls to over one-year low in July
September 19, 2022
Economic activity expanded 3.4% year on year in July (June: +8.4% yoy).
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Panama: GDP growth slows in Q2 to over one-year low
September 17, 2022
According to a preliminary reading, GDP growth softened to 9.8% year on year in the second quarter, from 13.6% in the first quarter.
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