Current Account in Panama

Panama Current Account | Economic News & Forecasts

Panama - Current Account

In early June, the government announced its intention to amend existing fiscal expenditure laws that cap the fiscal deficit at 0.5% of GDP for 2018. The government plans to raise the fiscal deficit by one percentage point and inject USD 300 million into the construction of large-scale infrastructure projects to lessen the impact of the ongoing economic slowdown: Average monthly economic activity in Q1 dropped to a near three-year low; especially worrying was a contraction in construction activity in March. The construction sector is also expected to have a poor performance in the second quarter as a massive, month-long labor union that ended on 18 May brought the sector to a complete standstill. On the political scene, the U.S. government granted on 8 June the extradition of former president Ricardo Martinelli to face criminal prosecution in Panama. His return will unsettle the political landscape ahead of next year’s presidential election.

Panama - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-9.7  -13.4  -7.9  -5.5  -4.9  

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Panama Current Account Chart

Panama Current Account
Note: Current account balance as % of GDP.
Source: General Controllership of the Republic of Panama and Met the why particular calculations.

Panama Facts

Stock Market4810.0 %Jun 14
Stock Market4810.0 %Jun 14

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