Markets Actual Q1 Q2 Q3 Q4 2022
Currency 1.00 1 1 1 1 1
Stock Market (points) 360.30 359 357 356 354 351

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Annual Growth Rate (%) -23.60 2.6 26 16.8 5 3.7
Unemployment Rate (%) 7.10 8.5 8.5 8.5 8.5 7.5
Inflation Rate (%) -2.25 0.5 0.8 0.7 -0.2 0.8
Balance of Trade (PAB Thousand) -659792.51 -1035000 -1085000 -1085000 -1035000 -1035000
Current Account (PAB Million) 2.18 -230 -350 -400 -450 -630
Current Account to GDP (%) -4.70 -6 -6 -6 -6 -6.5
Government Debt to GDP (%) 46.43 52 52 52 52 50
Government Budget (% of GDP) -3.80 -4.3 -4.3 -4.3 -4.3 -3.5
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 2022
GDP Annual Growth Rate (%) -23.60 2.6 26 16.8 5 3.7
GDP (USD Billion) 66.80 67 67 67 67 68.5
GDP per capita (USD) 11910.16 11800 11800 11800 11800 12000
GDP per capita PPP (USD) 31458.70 30600 30600 30600 30600 31120
GDP Constant Prices (PAB Million) 8191.80 10482 10926 8186 12410 11006
GDP From Agriculture (PAB Million) 219.07 206 203 276 225 216
GDP From Construction (PAB Million) 157.41 1468 1677 198 1875 1541
GDP From Manufacturing (PAB Million) 303.65 494 543 383 604 518
GDP From Mining (PAB Million) 82.95 340 438 105 244 357
GDP From Transport (PAB Million) 1285.68 1480 1577 1620 1653 1554
GDP From Utilities (PAB Million) 408.05 419 450 514 484 440

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 7.10 8.5 8.5 8.5 8.5 7.5
Population (Million) 4.22 4.28 4.28 4.28 4.34 4.4
Wages (PAB/Month) 1209.00 1600 1600 1600 1600 1600

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) -2.25 0.5 0.8 0.7 -0.2 0.8
Inflation Rate Mom (%) -0.40 0.1 0.2 0.1 0.2 0.2
Consumer Price Index CPI (points) 102.81 103 105 104 111 103
Cpi Housing Utilities (points) 92.50 101 103 103 108 101
CPI Transportation (points) 98.25 102 101 96.77 108 102
Food Inflation (%) -0.60 -0.2 0.1 0.3 0.7 0.7

Money Actual Q1 Q2 Q3 Q4 2022
Deposit Interest Rate (%) 2.16 2.8 1.9 1.9 2.8 2.8

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (PAB Thousand) -659792.51 -1035000 -1085000 -1085000 -1035000 -1035000
Current Account (PAB Million) 2.18 -230 -350 -400 -450 -630
Current Account to GDP (%) -4.70 -6 -6 -6 -6 -6.5
Imports (PAB Thousand) 711761.00 1150000 1150000 1150000 1180000 1180000
Exports (PAB Thousand) 51968.47 65000 65000 65000 66000 66000
Capital Flows (PAB Million) 363.24 -1300 -1300 -1300 -1200 -1200
Remittances (PAB Thousand) 112565.00 119000 119000 119000 127000 129000
Foreign Direct Investment (USD Million) 1128.40 780 920 1100 1280 1500

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 46.43 52 52 52 52 50
Government Budget (% of GDP) -3.80 -4.3 -4.3 -4.3 -4.3 -3.5

Taxes Actual Q1 Q2 Q3 Q4 2022
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 Q1 Q2 Q3 Q4 2022
Industrial Production (%) -0.70 1.5 5 3.5 2 1.3
Leading Economic Index (%) -18.15 2 18 4.5 5.4 5.6

Consumer Actual Q1 Q2 Q3 Q4 2022
Gasoline Prices (USD/Liter) 0.65 0.62 0.55 0.52 0.59 0.59


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.