Benchmark Rate in Panama

Panama Benchmark Rate | Economic News & Forecasts

Panama - Benchmark Rate

Economic activity likely remained feeble in the second quarter, following the weakest growth print in over seven years in the first quarter. In Q2 the monthly indicator for average economic activity (IMAE, Índice Mensual de Actividad Económica) was even lower than the bleak results logged in the first quarter, largely due to a month-long union strike in the construction sector in May, which ground the industry to a halt. Data regarding the all-important maritime transport sector has also been mixed. In January to July, freight volume in the Panama Canal increased at a much slower pace than the double-digit growth recorded in 2017, while tonnage passing through the country’s ports decreased.

Panama - Benchmark Rate Data

2013  2014  2015  2016  2017  
Benchmark Interest Rate (%)6.74  7.12  7.49  7.61  -     

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Panama Benchmark Rate Chart


Panama Interest Rate
Note: 1-5 year nation commercial lending rate.
Source: Superintendency of Banks of Panama.

Panama Facts

ValueChangeDate
Stock Market4620.0 %Sep 20

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