Money in Panama
Panama - Money
Economic growth plunged to an eight-and-a-half year low in the second quarter, hampered by the month-long wage strike in the construction sector in April–May, which halted nearly all ongoing projects. Available data regarding the third quarter is so far mixed, but a likely rebound in construction should have helped growth pick up somewhat. Although the monthly economic activity indicator (IMAE, Índice Mensual de Actividad Económica) was very weak in July, freight data in the Panama Canal picked up significantly in August, which bodes well for activity in the export-oriented sectors—and notably the Colón Free Trade Zone.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 | 461 | 0.0 % | Oct 12 |
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Economic News
Panama: Growth continues slowing to near decade-low in Q2, weighed on by construction strikes
September 17, 2018
According to data released by the National Comptroller’s Office (Contraloría General de la República), the economy continued to lose steam in the second quarter of 2018.
Panama: Inflation rises to over one-year high in June
July 13, 2018
Consumer prices rose 0.2% month-on-month in June, coming in above the flat reading recorded in May.
Panama: Growth in economic activity picks up in April
June 19, 2018
The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) showed an acceleration in year-on-year growth, from March’s almost three-year low of 2.9% to 4.6% in April.
Panama: GDP Growth slows to over seven-year low in Q1
June 18, 2018
According to data released by the National Comptroller’s Office (Contraloría General de la República), the economy lost steam in the first quarter of 2018.
Panama: Inflation steady in May
June 13, 2018
Consumer prices were flat in May, contrasting the 0.19% increase observed in April.
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