Panama recorded a Current Account deficit of 3.60 percent of the country's Gross Domestic Product in 2023. Current Account to GDP in Panama averaged -4.21 percent of GDP from 1980 until 2023, reaching an all time high of 14.81 percent of GDP in 1988 and a record low of -13.40 percent of GDP in 2014. source: World Bank
Current Account to GDP in Panama is expected to reach -3.42 percent of GDP by the end of 2024, 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 -3.10 percent of GDP in 2025 and -2.60 percent of GDP in 2026, according to our econometric models.