Markets Actual Q3 Q4 Q1 Q2 2020
Currency 1.00 1 1 1 1 1
Stock Market (points) 451.49 450 449 447 446 442
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) 3.10 4.1 4.5 4.8 5 5
Unemployment Rate (%) 6.00 6.5 6.5 6.4 6.4 6.4
Inflation Rate (%) -0.60 0.2 1 1.3 1.5 1.9
Balance of Trade (PAB Thousand) -1006639.43 -1019000 -1036600 -1015000 -1057700 -1085000
Current Account (PAB Million) -1291.57 -1470 -1320 -1400 -900 -1250
Current Account to GDP (%) -8.50 -5.4 -5.4 -5 -5 -5
Government Debt to GDP (%) 39.48 42 42 43 43 43
Government Budget (% of GDP) -2.80 -3.1 -3.1 -3.1 -3.1 -3.1
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 25.00 25 25 25 25 25
GDP Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) 3.10 4.1 4.5 4.8 5 5
GDP (USD Billion) 65.06 70 70 74 74 74
GDP per capita (USD) 11723.93 12000 12000 13200 13200 13200
GDP per capita PPP (USD) 22674.40 24100 24100 25500 25500 25500
GDP Constant Prices (PAB Million) 10598.84 10882 11235 11108 11129 11796
GDP From Agriculture (PAB Million) 182.66 241 204 191 192 214
GDP From Construction (PAB Million) 1747.84 1677 1697 1832 1835 1782
GDP From Manufacturing (PAB Million) 542.59 538 547 569 570 574
GDP From Mining (PAB Million) 183.38 195 221 192 193 232
GDP From Transport (PAB Million) 1452.03 1491 1497 1522 1525 1571
GDP From Utilities (PAB Million) 421.88 436 438 442 443 460
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 6.00 6.5 6.5 6.4 6.4 6.4
Population (Million) 4.16 4.21 4.21 4.27 4.27 4.27
Wages (PAB/Month) 1422.00 1500 1500 1500 1500 1600
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) -0.60 0.2 1 1.3 1.5 1.9
Inflation Rate Mom (%) 0.20 0.6 0.7 0.3 0.5 0.5
Food Inflation (%) 0.80 1 1.3 1.5 1.7 1.5
Consumer Price Index Cpi (Index Points) 105.18 106 106 106 106 108
Cpi Housing Utilities (Index Points) 102.01 102 103 103 103 105
CPI Transportation (Index Points) 105.02 108 103 105 106 105
Money Actual Q3 Q4 Q1 Q2 2020
Deposit Interest Rate (%) 2.16 2.1 2 2 1.9 1.9
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (PAB Thousand) -1006639.43 -1019000 -1036600 -1015000 -1057700 -1085000
Current Account (PAB Million) -1291.57 -1470 -1320 -1400 -900 -1250
Current Account to GDP (%) -8.50 -5.4 -5.4 -5 -5 -5
Imports (PAB Thousand) 1114362.10 1080000 1100000 1075000 1120000 1150000
Exports (PAB Thousand) 154771.42 61000 63400 60000 62300 65000
Foreign Direct Investment (USD Million) 1648.30 1530 1455 1600 1700 1465
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 39.48 42 42 43 43 43
Government Budget (% of GDP) -2.80 -3.1 -3.1 -3.1 -3.1 -3.1
Taxes Actual Q3 Q4 Q1 Q2 2020
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 25.00 25 25 25 25 25
Social Security Rate (%) 22.25 22.25 22.25 22.25 22.25 22.25
Social Security Rate For Companies (%) 12.50 12.5 12.5 12.5 12.5 12.5
Social Security Rate For Employees (%) 9.75 9.75 9.75 9.75 9.75 9.75
Business Actual Q3 Q4 Q1 Q2 2020
Industrial Production (%) -2.80 -0.5 1.8 1.3 1 1.4
Leading Economic Index (%) 2.95 5.2 5 4.8 4.8 5.3
Consumer Actual Q3 Q4 Q1 Q2 2020
Gasoline Prices (USD/Liter) 0.77 0.81 0.78 0.76 0.74 0.74


This page has economic forecasts for Panama including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Panama economy.