Panama recorded a Current Account deficit of 900.30 PAB Million in the third quarter of 2019.

Current Account in Panama averaged -731.79 PAB Million from 2003 until 2019, reaching an all time high of 247 PAB Million in the fourth quarter of 2009 and a record low of -1706.86 PAB Million in the third quarter of 2018. This page provides - Panama Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Instituto Nacional de Estadística y Censo - Panamá

Current Account in Panama is expected to be -1400.00 PAB Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Panama to stand at -1250.00 in 12 months time. In the long-term, the Panama Current Account is projected to trend around -1200.00 PAB Million in 2020, according to our econometric models.

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Panama Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-900.30 -1175.04 247.00 -1706.86 2003 - 2019 PAB Million Quarterly
Current Prices, NSA

Calendar GMT Actual Previous Consensus TEForecast
2019-03-15 02:00 PM Q4 PAB -1042M PAB -1586M PAB -1300M
2019-07-03 02:30 PM Q1 PAB -1292M PAB -1042M PAB -1450M
2019-09-18 03:30 PM Q2 PAB -1713M PAB -1782M PAB -800M
2019-12-20 11:00 PM Q3 PAB 2223M PAB -1342M PAB -1800M
2020-03-03 02:00 PM Q4 PAB -900M PAB -1320M

Panama Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).

Panama Trade Last Previous Highest Lowest Unit
Balance of Trade -880756.00 -1104415.00 -164179.00 -1274303.00 PAB Thousand [+]
Current Account -900.30 -1175.04 247.00 -1706.86 PAB Million [+]
Current Account to GDP -8.50 -7.90 14.81 -13.50 percent [+]
Imports 935447.00 1168093.50 1349156.80 226561.00 PAB Thousand [+]
Exports 54691.00 63678.35 181465.14 40502.29 PAB Thousand [+]
Capital Flows -1369.98 -1924.06 2195.90 -2441.10 PAB Million [+]
Remittances 443.70 426.10 652.00 220.00 USD Million [+]
Terrorism Index 0.04 0.08 0.66 0.00 [+]
Foreign Direct Investment 1472.40 2106.30 2106.30 -306.70 USD Million [+]