Panama recorded a Current Account deficit of 4.70 percent of the country's Gross Domestic Product in 2019.

Current Account to GDP in Panama averaged -4.34 percent from 1980 until 2019, reaching an all time high of 14.81 percent in 1988 and a record low of -13.40 percent in 2014. This page provides - Panama Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Panama Current Account to GDP - values, historical data and charts - was last updated on October of 2020.

Current Account to GDP in Panama is expected to reach -5.50 percent by the end of 2020, 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 -6.00 percent in 2021 and -6.50 percent in 2022, according to our econometric models.

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Panama Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-4.70 -8.20 14.81 -13.40 1980 - 2019 percent Yearly

Panama Trade Last Previous Highest Lowest Unit
Balance of Trade -534038.00 -504138.33 -164179.00 -1274303.28 PAB Thousand [+]
Current Account -26.40 -350.70 247.00 -1706.86 PAB Million [+]
Current Account to GDP -4.70 -8.20 14.81 -13.40 percent [+]
Imports 584214.00 556779.60 1349156.80 226561.00 PAB Thousand [+]
Exports 50176.00 52641.31 181465.14 40502.29 PAB Thousand [+]
Capital Flows -1160.61 -769.96 2195.90 -2441.10 PAB Million [+]
Remittances 127845.00 122285.00 200000.00 49352.00 PAB Thousand [+]
Terrorism Index 0.04 0.08 0.66 0.00 [+]
Foreign Direct Investment 949.90 1456.30 1685.10 -306.70 USD Million [+]

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.