Panama Canal Revenues Up 11%

• The Panama Canal, which marks 107 years of operations on Sunday, August 15, has continued to work uninterruptedly to provide services as a transit route for world trade despite the pandemic. 
• For the first nine months of the fiscal year 2021, the canal and reported total revenues of $2.13 billion, with a growth of $322 million or 11% compared to the same period last fiscal year. 
• The budget for the interoceanic highway for fiscal year 2021, which will be completed on September 30, estimates total revenues of $3,308.9 billion and contributions to the National Treasury of $1,760.3 billion. 
• Sustained strong performance of the Canal will support the 12.2% rebound in GDP expected this year as well as the reduction in fiscal deficit as revenues rebound from a recent slump, supported by expanding canal activity.

(Source: Newsroom Panama & NCBCM Research)