Money in Panama
Panama - Money
Recent data showed that the economy surged in annual terms in the second quarter, after GDP fell in Q1. Manufacturing, construction and mining output spearheaded the rebound, although overall growth benefited notably from a favorable base effect. Moving to Q3, the recovery seemed to continue, despite the tightening of restrictions at the outset of the quarter. Economic activity still clocked healthy growth in July, albeit below Q2’s average, while data for July–August is upbeat: Both fuel sales and new vehicle registrations were up notably. Meanwhile, entry rules for travelers were relaxed in September, while domestic restrictions were eased in the same month amid an accelerating vaccination campaign. This bodes well for tourism and activity more broadly in the final month of the quarter and heading into Q4.Panama - Money Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Money (annual variation in %) | -1.2 | 0.4 | 1.2 | 4.5 | -9.4 |
Panama Money 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 eases in August
October 21, 2021
Economic activity expanded 26.4% year-on-year in August (July: +35.9% yoy).
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Panama: Inflation comes in at highest level since June 2014 in September
October 15, 2021
Consumer prices rose 0.15% in September over the previous month, accelerating from August's 0.04% increase.
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Panama: Economic activity growth loses pace in July
September 21, 2021
Economic activity increased 28.5% in year-on-year terms in July, which followed June's 32.9% increase.
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Panama: Economy grows at quickest pace on record in Q2
September 17, 2021
According to a preliminary estimate, economic activity rebounded in the second quarter, increasing 40.4% year-on-year and contrasting the 8.5% contraction recorded in the first quarter.
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Panama: Inflation drops in August
September 15, 2021
Consumer prices rose 0.04% from the previous month in August, below July's 0.37% rise.
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