Fiscal Balance in Panama

Panama Fiscal Balance | Economic News & Forecasts

Panama - Fiscal Balance

Economic momentum is expected to have picked up somewhat in the first quarter, although available indicators suggest growth was still fairly moderate. The monthly economic activity indicator for January-February averaged slightly higher than the readings of the fourth quarter, supported by the shipping- and tourism-related sectors as well as higher electricity production. However, data from the Panama Canal and national ports for March indicates a contraction in shipping volumes in the month, while trade data from the Colón Free Trade Zone also shows both import and re-export activity plunged in the first two months of the year, boding poorly for growth. In more positive news, S&P recently upgraded Panama’s credit rating to BBB+, citing solid growth and sound fiscal management. On the political front, the PRD’s Laurentino Cortizo won the presidential elections, and will take office on 1 July.

Panama - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-2.4  -3.2  -2.3  -1.9  -1.7  

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