Panama - Current Account Balance

Panama: Current Account Balance

Mnemonic TAB.IPAN
Unit Mil. PAB, NSA
Adjustments Not Seasonally Adjusted
Quarterly 117.89 %
Data 2022 Q2 116.77
2022 Q1 -652.73

Series Information

Source Instituto Nacional De Estadistica y Censo (INEC)
Release Balance of Payments
Frequency Quarterly
Start Date 3/31/2015
End Date 6/30/2022

Panama: Trade

Reference Last Previous Units Frequency
Balance of Goods 2022 Q2 -1,338,669,260 -1,581,882,239 USD, NSA Quarterly
Current Account Balance 2022 Q2 116.77 -652.73 Mil. PAB, NSA Quarterly
Exports of Goods 2021 13,161 9,482 Mil. USD Annual
Imports of Goods 2021 20,595 14,739 Mil. USD Annual
Exports of Goods and Services 2020 20,773 27,208 Mil. PAB Annual
Imports of Goods and Services 2020 19,300 29,002 Mil. PAB Annual
Net Exports 2020 1,473 -1,794 Mil. PAB Annual
Real Exports of Goods and Services 2020 18,498 23,694 Mil. 2007 PAB Annual
Real Imports of Goods and Services 2020 18,094 26,655 Mil. 2007 PAB Annual
Real Net Exports 2020 404.43 -2,961 Mil. 2007 PAB 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.