Panama Current Account to GDP

Panama recorded a Current Account deficit of 9 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Panama is reported by the World Bank. From 1980 until 2012, Panama Current Account to GDP averaged -3.6 Percent reaching an all time high of 14.8 Percent in December of 1988 and a record low of -12.6 Percent in December of 2011. 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. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-9.00 -12.63 14.81 -12.63 -8.42 | 2013/12 1980 - 2012 Percent Yearly

TO

Panama Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Remittances 601.00 2012-12-31 592.00 601.00 220.00 607.14 2013-12-31 USD Million [+]
Balance of Trade -1990.70 2013-12-31 -2295.80 -321.50 -2954.10 -1808.52 2014-03-31 PAB Million [+]
Current Account -1001.60 2013-11-15 -1391.00 247.00 -1544.00 -1092.39 2014-03-31 PAB Million [+]
Current Account to GDP -9.00 2012-12-31 -12.63 14.81 -12.63 -8.42 2013-12-31 Percent [+]
Exports 3733.90 2013-12-31 4149.70 4324.10 2147.10 3827.83 2014-03-31 PAB Million [+]
Imports 5724.60 2013-12-31 6445.50 6956.10 3301.20 5627.02 2014-03-31 PAB Million [+]
[+]


Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness 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.


RELATED NEWS

Panama Current Account at -1001.60 PAB Million  
Panama recorded a Current Account deficit of 1001.60 PAB Million in the fourth quarter of 2013. Current Account in Panama is reported by the Instituto Nacional de Estadística y Censo - Panamá.
Panama Interest Rate at 1.00 Percent  
The benchmark interest rate in Panama was last recorded at 1 percent.
Panama Imports at 5724.60 PAB Million  
Imports in Panama decreased to 5724.60 PAB Million in the fourth quarter of 2013 from 6445.50 PAB Million in the third quarter of 2013. Imports in Panama is reported by the Instituto Nacional de Estadística y Censo - Panamá.
Panama Exports at 3733.90 PAB Million  
Exports in Panama decreased to 3733.90 PAB Million in the fourth quarter of 2013 from 4149.70 PAB Million in the third quarter of 2013. Exports in Panama is reported by the Instituto Nacional de Estadística y Censo - Panamá.
Panama Balance of Trade at -1990.70 PAB Million  
Panama recorded a trade deficit of 1990.70 PAB Million in the fourth quarter of 2013. Balance of Trade in Panama is reported by the Instituto Nacional de Estadística y Censo - Panamá.
Panama Personal Income Tax Rate at 25.00 percent  
The Personal Income Tax Rate in Panama stands at 25 percent. Personal Income Tax Rate in Panama is reported by the General Directorate of Revenues, Panama.
Panama Corporate Tax Rate at 25.00 percent  
The Corporate Tax Rate in Panama stands at 25 percent. Corporate Tax Rate in Panama is reported by the General Directorate of Revenues, Panama.
Panama Sales Tax Rate | VAT at 7.00 Percent  
The Sales Tax Rate in Panama stands at 7 percent. Sales Tax Rate in Panama is reported by the General Directorate of Revenues, Panama.
Panama Inflation Rate at 3.40 Percent  
The inflation rate in Panama was recorded at 3.40 percent in February of 2014. Inflation Rate in Panama is reported by the Instituto Nacional de Estadística y Censo - Panamá.
Panama Government Budget at -4.40 Percent of GDP  
Panama is expected to record a Government Budget deficit equal to 4.40 percent of the country's Gross Domestic Product in 2013. Government Budget in Panama is reported by the Ministry of Finance, Panama.
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