Panama - Economic Forecasts - 2018-2020 Outlook

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.


Overview Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 6.10 6.3 6.3 6.5 6.5 6.3 percent
Inflation Rate 1.10 1.4 1.6 1.7 1.7 1.8 percent
Interest Rate 1.35 1.25 1.75 1.75 1.75 2.25 percent
Balance of Trade -1070554.00 -857000 -853000 -1025842 -1023886 -880000 PAB Thousand
Government Debt to GDP 39.20 39.7 39.7 42 42 43 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 1.00
1 1 1 1 1
Stock Market 461.83
points
470 468 466 464 456
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 3.10
percent
4.2 4.5 4.7 4.7 5
GDP 61.84
USD Billion
64.72 66.45 70 70 76.8
GDP per capita 11513.28
USD
11540 11540 12000 12000 13200
GDP per capita PPP 22267.00
USD
23200 23200 24100 24100 25500
Gdp Constant Prices 10084.25
PAB Million
10250 10935 10794 10558 12021
Gdp From Agriculture 187.81
PAB Million
228 200 187 197 219
Gdp From Construction 1409.21
PAB Million
1570 1668 1732 1475 1834
Gdp From Manufacturing 555.80
PAB Million
527 542 554 582 596
Gdp From Mining 162.46
PAB Million
182 194 201 170 213
Gdp From Transport 1441.84
PAB Million
1366 1445 1447 1510 1588
Gdp From Utilities 400.11
PAB Million
410 420 426 419 461
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 6.10
percent
6.3 6.3 6.5 6.5 6.3
Population 4.10
Million
4.2 4.2 4.2 4.2 4.3
Wages 1146.00
PAB/Month
1400 1400 1500 1163 1600
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 1.10
percent
1.4 1.6 1.7 1.7 1.8
Inflation Rate Mom 0.10
percent
0.6 0.6 0.7 0.6 0.5
Food Inflation -0.30
percent
0.4 0.4 0.8 0.95 0.8
Consumer Price Index Cpi 105.53
Index Points
106 106 107 107 110
Cpi Housing Utilities 102.30
Index Points
103 103 103 104 107
CPI Transportation 107.50
Index Points
107 106 107 110 109
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 1.35
percent
1.25 1.75 1.75 1.75 2.25
Deposit Interest Rate 2.16
percent
2.06 2.56 2.56 2.56 3.06
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -1070554.00
PAB Thousand
-857000 -853000 -1025842 -1023886 -880000
Exports 57049.00
PAB Thousand
64000 66000 58410 58120 85000
Imports 1127603.00
PAB Thousand
921000 919000 1084252 1082006 965000
Current Account -748.00
PAB Million
-1000 -900 -785 -800 -700
Current Account to GDP -6.10
percent
-7.8 -7.8 -6.4 -6.4 -7
Capital Flows -1104.20
PAB Million
-1600 -1900 -2000 -1489 -1300
Remittances 426.00
USD Million
415 408 433 458 415
Terrorism Index 0.15
0.14 0.14 0.16 0.16 0.1
Foreign Direct Investment 1098.50
USD Million
1339 1205 1187 1204 1227
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 39.20
percent
39.7 39.7 42 42 43
Government Budget -3.10
percent of GDP
-3.2 -3.2 -3.1 -3.1 -3.1
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Industrial Production -2.70
percent
2.7 2.7 0.47 0.29 2.9
Leading Economic Index 1.98
percent
4.5 4.7 4.8 5 5.3
Internet Speed 5900.46
KBps
8022 8297 8463 8630 8822
IP Addresses 463691.00
IP
445678 443156 447018 443906 444417
Ease of Doing Business 79.00
82 82 85 85 84
Car Registrations 1193.00
Units
1480 1381 1438 1420 1423
Competitiveness Index 4.44
Points
4.44 4.44 4.3 4.3 4.3
Competitiveness Rank 50.00
50 50 50 50 52
Corruption Index 37.00
Points
36 36 37 37 36
Corruption Rank 96.00
91 91 94 94 93
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Gasoline Prices 0.85
USD/Liter
0.87 0.82 0.77 0.73 0.58
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 25.00
percent
25 25 25 25 26
Personal Income Tax Rate 25.00
percent
25 25 25 25 25
Sales Tax Rate 7.00
percent
7 7 7 7 7
Social Security Rate 22.25
percent
22.25 22.25 22.25 22.25 22.25
Social Security Rate For Companies 12.50
percent
12.5 12.5 12.5 12.5 12.5
Social Security Rate For Employees 9.75
percent
9.75 9.75 9.75 9.75 9.75
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Temperature 25.61
celsius
26.34 25.69 26.51 25.83 26.92
Precipitation 123.63
mm
258 290 54.81 212 213