Imports in Panama

Panama Imports | Economic News & Forecasts

Panama - Imports

The economy modestly accelerated in the third quarter from the second quarter’s dismal performance, halting three consecutive quarterly slowdowns. The print was largely led by the service sector—particularly dynamic trade flows buttressing activity in the Panama Canal and the Colón Free Trade Zone—as well as by a recovery of construction activity after a strike-driven slump in Q2. Moreover, FDI inflows increased nearly a tenth year-on-year in January-September. Nevertheless, growth remained feeble in the quarter compared to past years. Turning to the fourth quarter, construction growth likely continued to pick up as the government boosted its infrastructure development efforts. In less positive news, early data suggests growth momentum might have remained modest in the last quarter, as signaled by a subdued economic activity indicator in October. On 12 December, the IMF completed its Article IV consultation with Panama, praising the government’s commitment to prudent fiscal management and encouraging further improvements on tax transparency.

Panama - Imports Data

2013  2014  2015  2016  2017  
Imports (USD billion)26.6  25.8  22.5  20.5  21.9  

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Panama Facts

ValueChangeDate
Stock Market4380.0 %Jan 18

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Economic News

  • Panama: Inflation ticks down in November

    December 19, 2018

    Consumer prices fell 0.4% month-on-month in November, contrasting October’s 0.1% increase.

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  • Panama: Growth picks up from near decade-low in Q3, but remains hampered by feeble construction sector

    December 18, 2018

    According to data released by the National Comptroller’s Office (Contraloría General de la República), the economy regained some steam in the third quarter of 2018 after posting its worst performance in nearly a decade in Q2, but nevertheless remained subdued.

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  • Panama: Economic activity softens in October

    December 17, 2018

    The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) fell from 3.8% in September to 3.0% in October. According to Panama’s Comptroller’s Office (Contraloría General de la República), the increase in economic activity from January to October came on the back of growth in the sectors of transportation, warehousing and communications (which includes activity in the Panama Canal); water and electricity supply; and commerce—notably in the Colón Free Trade Zone.

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  • Panama: Economic activity continues to gain steam in September

    November 16, 2018

    The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) accelerated from 3.4% in August to 3.4% in September, its best showing since last April. According to Panama’s Comptroller’s Office (Contraloría General de la República), the increase in economic activity from January to September came on the back of growth in the sectors of fishing; transportation, warehousing and communications (which includes activity in the Panama Canal); water and electricity supply; and commerce.

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  • Panama: Inflation ticks up in October

    November 16, 2018

    Consumer prices increased 0.1% month-on-month in October, contrasting September’s flat reading.

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