Markets Actual Q1 Q2 Q3 Q4 2020
Currency 1.00 1 1 1 1 1
Stock Market (points) 437.78 449 447 444 442 438
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 3.60 4.6 4.7 4.7 4.7 5
Unemployment Rate (%) 6.10 6.5 6.5 6.5 6.5 6.4
Inflation Rate (%) 0.20 1.1 1.6 1.2 1.7 2
Interest Rate (%) 1.36 1.75 1.75 1.5 2 2.25
Balance of Trade (PAB Thousand) -1091080.18 -1018500 -978000 -1019000 -1000000 -1050000
Current Account (PAB Million) -1434.60 -1450 -800 -1470 -1320 -1250
Current Account to GDP (%) -6.10 -5.4 -5.4 -5.4 -5.4 -5
Government Debt to GDP (%) 39.20 42 42 42 42 43
Government Budget (% of GDP) -3.10 -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 Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 3.60 4.6 4.7 4.7 4.7 5
GDP (USD Billion) 61.84 70 70 70 70 70
GDP per capita (USD) 11513.28 12000 12000 12000 12000 13200
GDP per capita PPP (USD) 22267.00 24100 24100 24100 24100 25500
GDP Constant Prices (PAB Million) 10452.98 10520 10446 10699 10944 11491
GDP From Agriculture (PAB Million) 231.89 183 198 237 243 255
GDP From Construction (PAB Million) 1610.67 1749 1509 1686 1686 1771
GDP From Manufacturing (PAB Million) 516.75 560 572 529 541 568
GDP From Mining (PAB Million) 186.86 183 173 196 196 205
GDP From Transport (PAB Million) 1432.09 1424 1445 1466 1499 1574
GDP From Utilities (PAB Million) 418.40 409 431 428 438 460
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 6.10 6.5 6.5 6.5 6.5 6.4
Population (Million) 4.10 4.2 4.2 4.2 4.2 4.3
Wages (PAB/Month) 1146.00 1500 1500 1500 1500 1600
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 0.20 1.1 1.6 1.2 1.7 2
Inflation Rate Mom (%) -0.40 0.7 0.6 0.06 0.7 0.5
Food Inflation (%) 0.70 0.8 0.95 1.2 1.5 0.8
Consumer Price Index Cpi (Index Points) 104.67 106 107 107 107 109
Cpi Housing Utilities (Index Points) 101.89 103 103 103 104 106
CPI Transportation (Index Points) 102.34 106 110 109 107 109
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 1.36 1.75 1.75 1.5 2 2.25
Deposit Interest Rate (%) 2.16 2.55 2.55 2.3 2.8 2.8
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (PAB Thousand) -1091080.18 -1018500 -978000 -1019000 -1000000 -1050000
Current Account (PAB Million) -1434.60 -1450 -800 -1470 -1320 -1250
Current Account to GDP (%) -6.10 -5.4 -5.4 -5.4 -5.4 -5
Imports (PAB Thousand) 1138889.00 1085000 1040000 1080000 1075000 1100000
Exports (PAB Thousand) 47809.00 66500 62000 61000 63400 65000
Capital Flows (PAB Million) -2791.00 -2000 -1582 -1481 -1500 -1300
Foreign Direct Investment (USD Million) 1365.90 1300 1420 1530 1455 1465
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 39.20 42 42 42 42 43
Government Budget (% of GDP) -3.10 -3.1 -3.1 -3.1 -3.1 -3.1
Taxes Actual Q1 Q2 Q3 Q4 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 Q1 Q2 Q3 Q4 2020
Industrial Production (%) 0.30 1.1 1.2 1.2 1.2 1.4
Leading Economic Index (%) 2.96 4.8 4.7 5.2 5 5.3
Consumer Actual Q1 Q2 Q3 Q4 2020
Gasoline Prices (USD/Liter) 0.70 0.69 0.67 0.66 0.64 0.64


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.