Markets Actual Q2 Q3 Q4 Q1 2020
Currency 1.00 1 1 1 1 1
Stock Market (points) 438.57 438 436 434 432 429
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Annual Growth Rate (%) 3.10 3.5 4.1 4.5 4.8 5
Unemployment Rate (%) 6.10 6.5 6.5 6.5 6.4 6.4
Inflation Rate (%) 0.00 0.5 1.2 1.7 1.8 2
Interest Rate (%) 1.36 1.75 1.5 2 2 2.25
Balance of Trade (PAB Thousand) -1092376.36 -978000 -1019000 -1011600 -1011600 -1035000
Current Account (PAB Million) -1291.57 -800 -1470 -1320 -1400 -1250
Current Account to GDP (%) -8.50 -5.4 -5.4 -5.4 -5 -5
Government Debt to GDP (%) 39.48 42 42 42 43 43
Government Budget (% of GDP) -2.80 -3.1 -3.1 -3.1 -3.1 -3.1
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 2020
GDP Annual Growth Rate (%) 3.10 3.5 4.1 4.5 4.8 5
GDP (USD Billion) 61.84 70 70 70 70 70
GDP per capita (USD) 11513.28 12000 12000 12000 13200 13200
GDP per capita PPP (USD) 22267.00 24100 24100 24100 25500 25500
GDP Constant Prices (PAB Million) 10598.84 10563 10882 11235 11108 11796
GDP From Agriculture (PAB Million) 182.66 200 241 204 191 214
GDP From Construction (PAB Million) 1747.84 1492 1677 1697 1832 1782
GDP From Manufacturing (PAB Million) 542.59 578 538 547 569 574
GDP From Mining (PAB Million) 183.38 171 195 221 192 232
GDP From Transport (PAB Million) 1452.03 1461 1491 1497 1522 1571
GDP From Utilities (PAB Million) 421.88 436 436 438 442 460
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 6.10 6.5 6.5 6.5 6.4 6.4
Population (Million) 4.10 4.2 4.2 4.16 4.22 4.22
Wages (PAB/Month) 1422.00 1500 1500 1500 1500 1600
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 0.00 0.5 1.2 1.7 1.8 2
Inflation Rate Mom (%) 0.10 0.6 0.06 0.7 0.7 0.5
Food Inflation (%) 0.70 0.95 1.2 1.5 1.5 0.8
Consumer Price Index Cpi (Index Points) 105.30 106 107 106 106 109
Cpi Housing Utilities (Index Points) 101.26 102 103 104 103 106
CPI Transportation (Index Points) 106.33 109 109 104 103 106
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 1.36 1.75 1.5 2 2 2.25
Deposit Interest Rate (%) 2.16 2.55 2.3 2.8 2.8 2.8
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (PAB Thousand) -1092376.36 -978000 -1019000 -1011600 -1011600 -1035000
Current Account (PAB Million) -1291.57 -800 -1470 -1320 -1400 -1250
Current Account to GDP (%) -8.50 -5.4 -5.4 -5.4 -5 -5
Imports (PAB Thousand) 1160800.40 1040000 1080000 1075000 1075000 1100000
Exports (PAB Thousand) 68424.03 62000 61000 63400 63400 65000
Foreign Direct Investment (USD Million) 1343.30 1420 1530 1455 1455 1465
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 39.48 42 42 42 43 43
Government Budget (% of GDP) -2.80 -3.1 -3.1 -3.1 -3.1 -3.1
Taxes Actual Q2 Q3 Q4 Q1 2020
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 25.00 25 25 25 25 25
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 2020
Industrial Production (%) -3.90 0.8 1.2 1.8 1.3 1.4
Leading Economic Index (%) 2.94 4.7 5.2 5 4.8 5.3
Consumer Actual Q2 Q3 Q4 Q1 2020
Gasoline Prices (USD/Liter) 0.83 0.67 0.65 0.63 0.62 0.62


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.