Markets Actual Q1 Q2 Q3 Q4 2020
Currency 1.00 1 1 1 1 1
Stock Market (points) 458.48 454 452 451 450 448
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 2.70 4.3 5 4.7 5 5.2
Unemployment Rate (%) 6.00 6.4 6.4 6.4 6.4 6.4
Inflation Rate (%) -0.10 0.3 0.5 0.7 1 1.3
Balance of Trade (PAB Thousand) -880756.00 -1011600 -1057700 -1098800 -1035000 -1035000
Current Account (PAB Million) -900.30 -1400 -900 -1560 -1250 -1200
Current Account to GDP (%) -8.50 -5 -5 -5 -5 -4.1
Government Debt to GDP (%) 39.48 43 43 43 43 41
Government Budget (% of GDP) -2.80 -3.1 -3.1 -3.1 -3.1 -2.8
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 (%) 2.70 4.3 5 4.7 5 5.2
GDP (USD Billion) 65.06 74 74 74 75 76
GDP per capita (USD) 11723.93 12600 12600 12600 12600 13200
GDP per capita PPP (USD) 22674.40 25500 25500 25500 25500 25500
GDP Constant Prices (PAB Million) 10730.51 10827 10760 10983 11267 11853
GDP From Agriculture (PAB Million) 260.59 187 215 267 274 288
GDP From Construction (PAB Million) 1564.73 1785 1521 1602 1643 1728
GDP From Manufacturing (PAB Million) 504.85 554 567 517 530 558
GDP From Mining (PAB Million) 327.35 187 177 335 344 362
GDP From Transport (PAB Million) 1548.60 1483 1522 1585 1626 1711
GDP From Utilities (PAB Million) 456.77 431 440 468 480 505
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 6.00 6.4 6.4 6.4 6.4 6.4
Population (Million) 4.16 4.27 4.27 4.27 4.28 4.34
Wages (PAB/Month) 1422.00 1500 1500 1500 1600 1600
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) -0.10 0.3 0.5 0.7 1 1.3
Inflation Rate Mom (%) -0.20 0.3 0.5 0.1 0.5 0.4
Food Inflation (%) -0.40 0.1 0.3 0.5 0.7 1
Consumer Price Index Cpi (points) 104.60 105 105 106 106 107
Cpi Housing Utilities (points) 102.11 102 102 103 103 104
CPI Transportation (points) 103.08 104 105 103 104 105
Money Actual Q1 Q2 Q3 Q4 2020
Deposit Interest Rate (%) 2.16 2.8 2 1.9 2.8 2.8
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (PAB Thousand) -880756.00 -1011600 -1057700 -1098800 -1035000 -1035000
Current Account (PAB Million) -900.30 -1400 -900 -1560 -1250 -1200
Current Account to GDP (%) -8.50 -5 -5 -5 -5 -4.1
Imports (PAB Thousand) 935447.00 1100000 1120000 1160000 1150000 1180000
Exports (PAB Thousand) 54691.00 60000 62300 61200 65000 66000
Capital Flows (PAB Million) -1369.98 -800 -1200 -1500 -1300 -1200
Foreign Direct Investment (USD Million) 18.20 1600 1700 1200 1465 1500
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 39.48 43 43 43 43 41
Government Budget (% of GDP) -2.80 -3.1 -3.1 -3.1 -3.1 -2.8
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
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 2020
Industrial Production (%) -6.50 1.3 1 1.2 1.4 1.6
Leading Economic Index (%) 3.61 4.8 4.8 5.1 5.3 5.4
Consumer Actual Q1 Q2 Q3 Q4 2020
Gasoline Prices (USD/Liter) 0.74 0.82 0.84 0.86 0.89 0.89


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.