Balance of Payments: Current account balance (credit less debit) for Panama
PANBCAGDPBP6 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.50
Year-over-Year Change
-68.30%
Date Range
1/1/1980 - 1/1/2030
Summary
The Balance of Payments: Current account balance (credit less debit) for Panama measures the difference between a country's imports and exports, representing its economic relationship with the rest of the world.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The current account balance is a key metric in evaluating a country's international economic position. It tracks the net flow of goods, services, income, and unilateral transfers between a country and its trading partners, providing insight into its trade competitiveness and financial stability.
Methodology
The data is collected and calculated by the Panamanian government and reported to international economic organizations.
Historical Context
Policymakers and analysts use the current account balance to assess a country's economic health and make informed decisions about trade, monetary, and fiscal policies.
Key Facts
- Panama has maintained a current account deficit since the 1990s.
- The current account deficit reached a high of over 10% of GDP in the early 2000s.
- Panama's current account position has improved in recent years due to growth in services exports.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments: Current account balance (credit less debit) for Panama measures the difference between the country's imports and exports of goods, services, income, and unilateral transfers.
Q: Why is this trend relevant for users or analysts?
A: The current account balance is a crucial indicator of a country's international economic position and competitiveness, providing insights that inform trade, monetary, and fiscal policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Panamanian government and reported to international economic organizations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the current account balance to assess Panama's economic health and make informed decisions about trade, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The current account balance data for Panama is reported regularly, but there may be some delays in the availability of the most recent figures.
Related Trends
Number of Identified Exporters to Panama from Maryland
MDPANA475SCEN
Value of Exports to Panama from Nevada
NVPANA052SCEN
Value of Exports to Panama from North Dakota
NDPANA052SCEN
Value of Exports to Panama from Hawaii
HIPANA052SCEN
Number of Identified Exporters to Panama from Texas
TXPANA475SCEN
Value of Exports to Panama from Georgia
GAPANA052SCEN
Citation
U.S. Federal Reserve, Balance of Payments: Current account balance (credit less debit) for Panama (PANBCAGDPBP6), retrieved from FRED.