IMF Staff Country Reports

Panama: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Panama

August 25, 2025

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International Monetary Fund. Western Hemisphere Dept. "Panama: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Panama", IMF Staff Country Reports 2025, 245 (2025), accessed August 26, 2025, https://doi.org/10.5089/9798229020992.002

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Summary

Following a strong rebound from the COVID-19 slump, GDP growth slowed from 7.3 percent in 2023 to 2.9 percent in 2024, mainly due to the closure of the Cobre Panamá copper mine. However, spillovers to the rest of the economy appear to have been limited and non-mining GDP growth accelerated. The Panama Canal returned to full capacity in September 2024. Inflation declined sharply from its mid-2022 peak to -0.2 percent year-on-year at end-2024. The 2024 external position is assessed to be broadly in line with fundamentals, and the banking system remains sound, well-capitalized, and liquid.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Balance of payments, Crime, Economic sectors, Expenditure, External debt, Foreign direct investment, Labor, Pension spending, Pensions, Public debt, Public sector, Revenue administration

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Foreign direct investment, Pension spending, Pensions, Public sector

Publication Details

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