Markets Actual Q2 Q3 Q4 Q1 2021
Currency 1.00 1 1 1 1 1
Stock Market (points) 377.82 376 374 373 371 368

Overview Actual Q2 Q3 Q4 Q1 2021
GDP Annual Growth Rate (%) 3.30 -3.5 -2.5 -1.7 0.6 3.9
Unemployment Rate (%) 7.10 8.1 8.1 8.1 7.9 7.9
Inflation Rate (%) 0.00 -0.3 -0.1 0.3 0.5 1.1
Balance of Trade (PAB Thousand) -696545.23 -1057700 -1098800 -1035000 -1085000 -1035000
Current Account (PAB Million) -350.70 -900 -1560 -1250 -950 -1200
Current Account to GDP (%) -4.70 -5.5 -5.5 -5.5 -6 -6
Government Debt to GDP (%) 39.48 43 43 43 41 41
Government Budget (% of GDP) -3.80 -4.7 -4.7 -4.7 -4.3 -4.3
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 25.00 25 25 25 25 25

GDP Actual Q2 Q3 Q4 Q1 2021
GDP Annual Growth Rate (%) 3.30 -3.5 -2.5 -1.7 0.6 3.9
GDP (USD Billion) 70.00 71 71 71 71.5 71.5
GDP per capita (USD) 11723.93 12600 12600 12600 13200 11991
GDP per capita PPP (USD) 22674.40 22593 25500 25500 22593 23192
GDP Constant Prices (PAB Million) 11210.52 10349 10596 11020 11278 11450
GDP From Agriculture (PAB Million) 220.16 206 257 216 221 225
GDP From Construction (PAB Million) 1569.62 1438 1545 1543 1579 1603
GDP From Manufacturing (PAB Million) 527.98 545 499 519 531 539
GDP From Mining (PAB Million) 364.14 174 323 358 366 372
GDP From Transport (PAB Million) 1583.32 1480 1529 1556 1593 1617
GDP From Utilities (PAB Million) 448.12 446 451 440 451 458

Labour Actual Q2 Q3 Q4 Q1 2021
Unemployment Rate (%) 7.10 8.1 8.1 8.1 7.9 7.9
Population (Million) 4.22 4.27 4.27 4.28 4.28 4.34
Wages (PAB/Month) 1422.00 1500 1500 1600 1600 1600

Prices Actual Q2 Q3 Q4 Q1 2021
Inflation Rate (%) 0.00 -0.3 -0.1 0.3 0.5 1.1
Inflation Rate Mom (%) -0.30 0.3 0.1 0.5 0.3 0.4
Consumer Price Index Cpi (points) 104.49 105 105 105 105 106
Cpi Housing Utilities (points) 102.79 101 102 102 103 104
CPI Transportation (points) 102.26 104 103 103 103 105
Food Inflation (%) -0.90 -0.5 0.1 0.5 0.6 1

Money Actual Q2 Q3 Q4 Q1 2021
Deposit Interest Rate (%) 2.16 2.8 2 2.8 2.8 2.8

Trade Actual Q2 Q3 Q4 Q1 2021
Balance of Trade (PAB Thousand) -696545.23 -1057700 -1098800 -1035000 -1085000 -1035000
Current Account (PAB Million) -350.70 -900 -1560 -1250 -950 -1200
Current Account to GDP (%) -4.70 -5.5 -5.5 -5.5 -6 -6
Imports (PAB Thousand) 750772.70 1120000 1160000 1150000 1150000 1180000
Exports (PAB Thousand) 54227.44 62300 61200 65000 65000 66000
Capital Flows (PAB Million) -769.96 -1200 -1500 -1300 -1300 -1200
Remittances (PAB Thousand) 127845.00 123000 120000 125000 119000 127000
Foreign Direct Investment (USD Million) 949.90 1100 1200 1465 1300 1500

Government Actual Q2 Q3 Q4 Q1 2021
Government Debt to GDP (%) 39.48 43 43 43 41 41
Government Budget (% of GDP) -3.80 -4.7 -4.7 -4.7 -4.3 -4.3

Taxes Actual Q2 Q3 Q4 Q1 2021
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 25.00 25 25 25 25 25
Sales Tax Rate (%) 7.00 7 7 7 7 7
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 Q2 Q3 Q4 Q1 2021
Industrial Production (%) -0.70 1 1.2 1.4 1.5 1.6
Leading Economic Index (%) 2.68 -3.6 -2.5 -1.7 2 5.4

Consumer Actual Q2 Q3 Q4 Q1 2021
Gasoline Prices (USD/Liter) 0.54 0.65 0.61 0.58 0.55 0.53


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.