Current Account in Panama
Panama - Current AccountThe latest available data indicates that economic growth likely remained sluggish in the second quarter, after hitting an over seven-year low in Q1 due to weak showings from the construction and trade-related sectors, which likely continued in Q2. In May, the Economic Activity Index (Indice Mensual de Actividad Economica) reached a nine-year low, hampered by a month-long union strike that ended on 18 May and brought the construction sector to a virtual standstill. Furthermore, social unrest remained high heading into Q3: There were widespread protests in June and July against a planned hike of electricity prices—backed by the IMF—which has for now been suspended.
Panama - Current Account Data
|Current Account (% of GDP)||-9.7||-13.4||-7.9||-5.5||-4.9|
5 years of economic forecasts for more than 30 economic indicators.
Panama Current Account Chart
Source: General Controllership of the Republic of Panama and Met the why particular calculations.
|Stock Market||479||0.0 %||Aug 07|
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July 13, 2018
Consumer prices rose 0.2% month-on-month in June, coming in above the flat reading recorded in May.
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.
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.
June 13, 2018
Consumer prices were flat in May, contrasting the 0.19% increase observed in April.
May 14, 2018
Consumer prices rose 0.19% month-on-month in April, coming in above the 0.11% increase observed in March.