Money in Panama

Panama Money | Economic News & Forecasts

Panama - Money

Momentum seems to have improved in the final quarter of 2019, after growth plunged to a near one-decade low in the third quarter amid weak service sector output. Economic activity appeared upbeat in Q4, as evidenced by strong IMAE readings for October–November, with thawing global trade tensions aiding operations in the Panama Canal. Furthermore, robust export growth throughout the quarter boded well for the external sector. Turning to the first quarter of 2020, drought surcharges and additional checks on cargoes transiting from coronavirus-affected countries could hit canal revenue. In other news, Fitch Ratings downgraded the outlook for its BBB rating for Panama from stable to negative, citing a significant deterioration in the fiscal deficit and a marked increase in government debt level as key concerns.

Panama - Money Data

2014   2015   2016   2017   2018  
Money (annual variation in %)31.0  -1.2  0.4  1.2  4.5  

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Panama Money Chart

Panama Money
Note: Annual variation of M1 in %.
Source: International Monetary Fund and FocusEconomics calculations.

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