Panama - Current Account Balance

Panama: Current Account Balance

Mnemonic TAB.IPAN
Unit Mil. PAB, NSA
Adjustments Not Seasonally Adjusted
Quarterly 150.05 %
Data 2021 Q1 -225.24
2020 Q4 449.99

Series Information

Source Instituto Nacional De Estadistica y Censo (INEC)
Release Balance of Payments
Frequency Quarterly
Start Date 3/31/2015
End Date 3/31/2021

Panama: Trade

Reference Last Previous Units Frequency
Balance of Goods 2021 Q1 -459,467,654 -543,799,932 USD, NSA Quarterly
Current Account Balance 2021 Q1 -225.24 449.99 Mil. PAB, NSA Quarterly
Exports of Goods and Services 2019 27,208 27,719 Mil. PAB Annual
Imports of Goods and Services 2019 29,002 30,515 Mil. PAB Annual
Net Exports 2019 -1,794 -2,796 Mil. PAB Annual
Real Exports of Goods and Services 2019 23,694 23,726 Mil. 2007 PAB Annual
Real Imports of Goods and Services 2019 26,655 27,571 Mil. 2007 PAB Annual
Real Net Exports 2019 -2,961 -3,844 Mil. 2007 PAB Annual
Exports of Goods 2018 11,480 11,092 Mil. USD Annual
Imports of Goods 2018 23,005 21,938 Mil. USD Annual

Release Information

The National Institute of Statistics and Census (INEC), presents the figures of the Balance of Payments of Panama, for the first half of 2015. The balance of payments (BP) is a statistical tool - accounting systematically summarizes economic transactions between the country and the world, applying concepts, definitions and internationally recommended guidelines in the Balance of Payments Manual, which indicates the proper recording of transactions in terms of flow, between residents and non-residents of the economy.

This edition is being published for the first time, the compilation of external statistics of the Republic of Panama under recommended in the sixth Balance of Payments Manual prepared by the International Monetary Fund rules to make data more comparable internationally . Also, with the support of technical assistance received from CAPTAC-DR, improvements were implemented in the measurement methodology related to a) trade in goods transactions entering the Panamanian territory for the supply of ships in the Panama Canal Authority ( ACP), b) sale operations of goods that do not cross the border, c) insurance services, d) financial services indirectly measured (FISIM), e) the information on passages that reports the national airline f) the appropriate Registry of direct investment abroad and investment in the opposite direction.

The BP as in its fifth version, the sixth is divided into two broad categories: the current account which reports the operations of foreign trade in goods and services, primary income (income) and secondary income (current transfers) and Account Capital and Financial registering the change of ownership of assets and liabilities of our economy to the rest of the world. It is important to note that the BP transaction presents together the private and public sectors, in order to show the external sector of the economy in aggregate.

 Subject to revisions.