Trade Balance in Panama
Panama - Trade BalanceData available so far for Q1 2019 paints a mixed picture, with growth likely picking up from Q4 but remaining under the average of past years. The monthly economic activity indicator for January showed modest growth, with a solid showing from the energy and tourism-related sectors. Activity in the critical shipping sector appeared more subdued in January, according to Panama Canal and national ports data, but picked up significantly in February. Turning to the Cobre Panama copper mine, a bill recently presented to parliament should clear lingering legal issues and pave the way for a USD 327 million expansion project this year. The mine started operating in February and will begin exporting in June. In the political arena, the 5 May general election could see the opposition party, the PRD, take power on a pro-business platform focused on combating corruption and boosting economic competitiveness.
Panama - Trade Balance Data
|Trade Balance (USD billion)||-9.5||-11.8||-9.7||-8.8||-9.4|
5 years of economic forecasts for more than 30 economic indicators.
Panama Trade Balance Chart
Source: General Controllership of the Republic of Panama and Met the why particular calculations.
|Stock Market||438||0.0 %||Apr 22|
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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.
April 15, 2019
Consumer prices rose 0.4% month-on-month in March, up from the 0.1% increase logged in February.
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.
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.
March 15, 2019
Consumer prices rose 0.1% month-on-month in February, contrasting the 0.3% fall in January.