Money in Panama
Panama - Money
After rebounding in Q3 2018 following three quarters of consecutively slower growth, the economy appears to have continued to regain steam in the last quarter of the year. However, growth was likely still weaker than the country’s long-term average, as indicated by modest economic activity readings in October and November. The construction sector, which performed reasonably well in Q3 after slumping in the previous quarter, should have supported the expansion in Q4, powered by the government’s ongoing infrastructure development. On the political front, in late January parliament approved a law penalizing tax evasion. The move is aimed at avoiding being blacklisted as a tax haven, and should boost the country’s status as a regional financial center as well as business sentiment.Panama - Money Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Money (annual variation in %) | -10.2 | 31.0 | -1.2 | 0.4 | 1.2 |
Panama Money Chart
Source: International Monetary Fund and FocusEconomics calculations.
Panama Facts
| Value | Change | Date | |
|---|---|---|---|
| Stock Market | 440 | 0.0 % | Feb 20 |
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Economic News
Panama: Consumer prices fall in annual terms in January
February 15, 2019
Consumer prices fell 0.3% month-on-month in January, up from December’s 0.4% decline.
Panama: Economic activity picks up in November
January 21, 2019
The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) rose from 3.0% in October to 3.5% in November. According to Panama’s Comptroller’s Office (Contraloría General de la República), the increase in economic activity from January to November was largely due to growth in the sectors of transportation, warehousing and communications (which includes activity in the Panama Canal); water and electricity supply; and commerce—notably in the Colón Free Trade Zone.
Panama: Inflation continues to tumble in December
January 15, 2019
Consumer prices fell 0.4% month-on-month in December, matching November’s print.
Panama: Inflation ticks down in November
December 19, 2018
Consumer prices fell 0.4% month-on-month in November, contrasting October’s 0.1% increase.
Panama: Growth picks up from near decade-low in Q3, but remains hampered by feeble construction sector
December 18, 2018
According to data released by the National Comptroller’s Office (Contraloría General de la República), the economy regained some steam in the third quarter of 2018 after posting its worst performance in nearly a decade in Q2, but nevertheless remained subdued.
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