Panama Current Account to GDP

Panama recorded a Current Account deficit of 11.90 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Panama averaged -3.93 Percent from 1980 until 2013, reaching an all time high of 14.81 Percent in 1988 and a record low of -15.90 Percent in 2011. Current Account to GDP in Panama is reported by the World Bank.

   
 
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Panama Current Account to GDP


Actual Previous Highest Lowest Dates Unit Frequency
-11.90 -10.60 14.81 -15.90 1980 - 2013 Percent Yearly
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. This page provides - Panama Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Trade Last Previous Highest Lowest Unit
Balance of Trade -2394.30 -1990.70 -321.50 -2954.10 PAB Million [+]
Exports 2565.50 3733.90 4324.10 2147.10 PAB Million [+]
Imports 4959.80 5724.60 6956.10 3301.20 PAB Million [+]
Current Account -1390.50 -1001.60 247.00 -1544.00 PAB Million [+]
Current Account to GDP -11.90 -10.60 14.81 -15.90 Percent [+]
Remittances 601.00 592.00 601.00 220.00 USD Million [+]





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