Markets Actual Q1 Q2 Q3 Q4 2022
Currency 1.00 1 1 1 1 1
Stock Market (points) 357.30 356 354 353 351 348

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Annual Growth Rate (%) -10.90 2.6 26 16.8 5 3.7
Unemployment Rate (%) 7.10 8.5 8.5 8.5 8.5 7.5
Inflation Rate (%) -1.95 0.5 0.8 0.7 -0.2 0.8
Balance of Trade (PAB Thousand) -787827.53 -1035000 -1085000 -1085000 -1035000 -1035000
Current Account (PAB Million) 17.82 -230 -350 -400 -450 -630
Current Account to GDP (%) -4.70 -6 -6 -6 -6 -6.5
Government Debt to GDP (%) 69.82 52 52 52 52 50
Government Budget (% of GDP) -9.23 -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 (%) -10.90 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) 9970.30 10926 8186 9568 8601 8920
GDP From Agriculture (PAB Million) 232.50 203 276 256 230 239
GDP From Construction (PAB Million) 807.00 1677 198 184 165 171
GDP From Manufacturing (PAB Million) 478.20 543 383 355 319 331
GDP From Mining (PAB Million) 532.80 438 105 96.88 87.1 90.32
GDP From Transport (PAB Million) 1516.20 1577 1620 1502 1350 1400
GDP From Utilities (PAB Million) 417.10 450 514 477 428 444

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 7.10 8.5 8.5 8.5 8.5 7.5
Population (Million) 4.30 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 (%) -1.95 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) 102.74 103 105 104 111 103
Cpi Housing Utilities (points) 92.50 101 103 103 108 101
CPI Transportation (points) 98.20 102 101 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) -787827.53 -1035000 -1085000 -1085000 -1035000 -1035000
Current Account (PAB Million) 17.82 -230 -350 -400 -450 -630
Current Account to GDP (%) -4.70 -6 -6 -6 -6 -6.5
Imports (PAB Thousand) 843388.90 1150000 1150000 1150000 1180000 1180000
Exports (PAB Thousand) 55561.38 65000 65000 65000 66000 66000
Capital Flows (PAB Million) 1481.36 -1300 -1300 -1300 -1200 -1200
Remittances (PAB Thousand) 93216.10 119000 119000 119000 127000 129000
Foreign Direct Investment (USD Million) 461.80 780 920 1100 1280 1500

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 69.82 52 52 52 52 50
Government Budget (% of GDP) -9.23 -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 (%) -17.80 2 18 4.5 5.4 5.6

Consumer Actual Q1 Q2 Q3 Q4 2022
Gasoline Prices (USD/Liter) 0.74 0.67 0.63 0.6 0.57 0.54


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.