Money in Panama
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 |
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: Consumer prices inch up in January
February 14, 2020
Consumer prices rose 0.1% in January on a month-on-month basis, following a 0.2% decline in December.
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Panama: Economic activity picks up in November
January 21, 2020
The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) grew 3.6% year-on-year in November, accelerating from the 3.4% expansion recorded in October.
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Panama: Consumer prices end year in deflationary territory
January 15, 2020
Consumer prices dropped 0.2% in December on a month-on-month basis, following a flat reading in November.
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Panama: Economic activity slows in October
December 20, 2019
The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) grew 3.4% year-on-year in October, slowing from the 4.0% expansion in September.
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Panama: Economic growth decelerates in Q3 to near one-decade low
December 16, 2019
Economic growth decelerated to 2.7% in annual terms in the third quarter, down from 2.9% in Q2 and marking the worst performance since Q4 2009. The slowdown was mainly attributed to a weaker services sector (Q3: +2.8% year-on-year; Q2: +3.3% yoy), which was weighed on by a contraction in real estate activities and the hotels and restaurants sector.
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