Money in Panama

Panama Money | Economic News & Forecasts

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  

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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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