Decline in Panama Canal’s Toll Revenue


CEIC Macro Watch Global #35 - August 29, 2014 Toll revenue collected from the Panama Canal in 2013 decreased to 1.86 billion Panamanian Balboa (PAB) from PAB 1.87 billion in 2012. The declining revenue is partly due to a decrease in cargo traffic to 213.97 million long tons in 2013, from 214.90 million long tons in 2012. Cargo traffic was previously even higher at 223.43 million long tons in 2011. This occurred simultaneously with the increase in toll charges which probably affected the demand for canal services, in turn reducing cargo traffic. Toll revenue per long ton of cargo (a proxy for the toll charge) rose for three consecutive years to PAB 8.71/long ton in 2013 from PAB 8.70/long ton in 2012 and PAB 7.98/long ton in 2011. Meanwhile, the declining toll revenue last year, if it continues, threatens to damage an important source of revenue for the Panamanian economy. Toll revenue contributed to an average of 5.39% of nominal GDP over the past six years, though this figure has since declined to a low of just 4.37% during 2013. By Josiery Abas in the Philippines - CEIC Analyst Discuss this post and many other topics in our LinkedIn Group (you must be a LinkedIn member to participate). Request a Free Trial Subscription. Back to Blog

2nd September 2014 Decline in Panama Canal’s Toll Revenue

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