International Reserves in Panama

Panama International Reserves | Economic News & Forecasts

Panama - International Reserves

Growth is expected to have remained largely steady in the first quarter as reflected by the monthly economic activity indicator, supported by the trade and finance sectors. However, traffic in both the Panama Canal and national ports declined in March after registering modest growth in January and February. Moreover, import and re-export activity sharply contracted in the Colón Free Trade Zone throughout the quarter, while April port and Canal data shows shipping activity remained feeble at the start of Q2. On the political front, President-elect Laurentino Cortizo declared on 4 June he would review the terms of the contract of the Cobre Panama project, operated by Canadian miner First Quantum Minerals. This has sown further uncertainty over the mining project, which employs more than 9,000 Panamanians, less than a week after Parliament rejected a bill seeking to ensure the mine’s legal security.

Panama - International Reserves Data

2013  2014  2015  2016  2017  
International Reserves (USD)2.6  4.0  3.4  3.8  2.7  

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Panama International Reserves Chart


Panama International Reserves
Note: International reserves in months of imports.
Source: International Monetary Fund and Met the why particular calculations.

Panama Facts

ValueChangeDate
Stock Market4390.0 %Jun 14

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Economic News

  • Panama: Economic activity falters in March

    May 21, 2019

    The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) grew 3.0% year-on-year in March, significantly weakening from February’s 3.7% print. According to Panama’s Comptroller’s Office (Contraloría General de la República), the increase in economic activity in March was largely driven by growth in the sectors of transportation, warehousing and communications (which includes activity in the Panama Canal and national ports); water and electricity supply; financial intermediation; and public administration.

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  • Panama: Economic activity slightly accelerates in February

    April 22, 2019

    The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) grew 3.7% year-on-year in February, ticking up from January’s 3.6% print. According to Panama’s Comptroller’s Office (Contraloría General de la República), the increase in economic activity in February was largely driven by growth in the sectors of transportation, warehousing and communications (which includes activity in the Panama Canal and national ports); water and electricity supply; and hotels and restaurants.

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  • Panama: Consumer prices fall in annual terms for third consecutive month in March

    April 15, 2019

    Consumer prices rose 0.4% month-on-month in March, up from the 0.1% increase logged in February.

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  • Panama: Opposition PRD candidate likely to take power on pro-business, anti-corruption platform

    April 9, 2019

    The upcoming Panamanian general elections, scheduled to be held on 5 May, will likely see Laurentino Cortizo of the center-left opposition party PRD (Partido Revolucionario Democrático) win the race for the country’s executive office, ousting the ruling conservative Panameñista Party (PP) of incumbent President Juan Carlos Varela from power.

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  • Panama: Economic activity softens in January

    March 20, 2019

    The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) fell from 3.8% in December to 3.6% in January. According to Panama’s Comptroller’s Office (Contraloría General de la República), the increase in economic activity in January was largely driven by growth in the sectors of transportation, warehousing and communications (which includes activity in the Panama Canal); water and electricity supply; and hotels and restaurants.

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