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 1.20 1.3 1.6 1.7 1.7 2 percent
Interest Rate 1.31 1.25 1.75 1.75 1.75 2.25 percent
Balance of Trade -989528.00 -857000 -853000 -1011307 -1014708 -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 481.20
points
475 468 462 456 431
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 4.20
percent
4.8 5 5.2 5.2 5.3
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 10309.54
PAB Million
10280 10987 10846 10293 12171
Gdp From Agriculture 178.46
PAB Million
229 200 188 191 222
Gdp From Construction 1653.82
PAB Million
1575 1676 1740 1500 1857
Gdp From Manufacturing 529.26
PAB Million
528 545 557 572 604
Gdp From Mining 192.43
PAB Million
183 195 202 173 215
Gdp From Transport 1382.06
PAB Million
1370 1451 1454 1386 1608
Gdp From Utilities 406.65
PAB Million
411 422 428 406 467
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 1.20
percent
1.3 1.6 1.7 1.7 2
Inflation Rate Mom 0.80
percent
0.6 0.6 0.7 0.6 0.5
Food Inflation -1.50
percent
0.4 0.4 0.8 0.95 0.8
Consumer Price Index Cpi 105.50
Index Points
106 106 107 107 110
Cpi Housing Utilities 101.80
Index Points
103 103 103 104 107
CPI Transportation 108.30
Index Points
107 106 107 110 110
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 1.31
percent
1.25 1.75 1.75 1.75 2.25
Deposit Interest Rate 2.16
percent
2.1 2.6 2.6 2.6 3.1
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -989528.00
PAB Thousand
-857000 -853000 -1011307 -1014708 -880000
Exports 64641.00
PAB Thousand
64000 66000 56816 56702 85000
Imports 1054169.00
PAB Thousand
921000 919000 1068123 1071410 965000
Current Account -547.40
PAB Million
-1000 -900 -785 -800 -700
Current Account to GDP -5.60
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 1007.50
USD Million
1370 1223 1238 1247 1263
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 1.00
percent
2.7 2.7 0.47 0.29 2.9
Leading Economic Index 0.76
percent
4.7 5 4.8 5.3 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
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
0.8 0.76 0.72 0.68 0.5
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