Panama recorded a Current Account deficit of 8.50 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Panama averaged -4.40 percent from 1980 until 2018, reaching an all time high of 14.81 percent in 1988 and a record low of -13.50 percent in 2014.

Current Account to GDP in Panama is expected to be -5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Panama Current Account to GDP is projected to trend around -4.30 percent in 2020, according to our econometric models.

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Panama Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-8.50 -7.90 14.81 -13.50 1980 - 2018 percent Yearly

Panama Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.

Panama Trade Last Previous Highest Lowest Unit
Balance of Trade -880756.00 -1104415.00 -164179.00 -1274303.00 PAB Thousand [+]
Current Account -900.30 -1713.40 247.00 -2059.40 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 -1323.70 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 18.20 1648.30 1685.10 -306.70 USD Million [+]