Markets Actual Q4 Q1 Q2 Q3 2021
Currency 1.00 1 1 1 1 1
Stock Market (points) 365.48 364 362 361 359 356

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) 0.40 -6.5 0.6 16 6.8 5
Unemployment Rate (%) 7.10 10 8.5 8.5 8.5 8.5
Inflation Rate (%) -2.40 -1.3 -1.1 -0.8 -0.6 -0.2
Balance of Trade (PAB Thousand) -534038.00 -1035000 -1035000 -1085000 -1085000 -1035000
Current Account (PAB Million) -26.40 -150 -230 -350 -400 -450
Current Account to GDP (%) -4.70 -5.5 -6 -6 -6 -6
Government Debt to GDP (%) 39.48 43 41 41 41 41
Government Budget (% of GDP) -3.80 -4.7 -4.3 -4.3 -4.3 -4.3
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 25.00 25 25 25 25 25

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) 0.40 -6.5 0.6 16 6.8 5
GDP (USD Billion) 66.80 65.5 67 67 67 67
GDP per capita (USD) 11910.16 11400 11800 11800 11800 11800
GDP per capita PPP (USD) 31458.70 29500 30600 30600 30600 30600
GDP Constant Prices (PAB Million) 10634.33 11819 10482 10698 12336 12410
GDP From Agriculture (PAB Million) 197.42 214 206 199 229 225
GDP From Construction (PAB Million) 1634.64 1786 1468 1644 1896 1875
GDP From Manufacturing (PAB Million) 529.18 575 494 532 614 604
GDP From Mining (PAB Million) 426.61 232 340 429 495 244
GDP From Transport (PAB Million) 1537.25 1574 1480 1546 1783 1653
GDP From Utilities (PAB Million) 438.57 461 419 441 509 484

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 7.10 10 8.5 8.5 8.5 8.5
Population (Million) 4.22 4.28 4.28 4.28 4.28 4.34
Wages (PAB/Month) 1422.00 1600 1600 1600 1600 1600

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) -2.40 -1.3 -1.1 -0.8 -0.6 -0.2
Inflation Rate Mom (%) -1.30 -0.1 0.1 0.2 0.1 0.2
Consumer Price Index CPI (points) 102.70 109 103 103 102 111
Cpi Housing Utilities (points) 102.26 106 101 101 101 108
CPI Transportation (points) 92.14 106 102 98.99 91.4 108
Food Inflation (%) -1.00 -0.5 -0.2 0.1 0.3 0.7

Money Actual Q4 Q1 Q2 Q3 2021
Deposit Interest Rate (%) 2.16 2.8 1.9 1.9 1.9 2.8

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (PAB Thousand) -534038.00 -1035000 -1035000 -1085000 -1085000 -1035000
Current Account (PAB Million) -26.40 -150 -230 -350 -400 -450
Current Account to GDP (%) -4.70 -5.5 -6 -6 -6 -6
Imports (PAB Thousand) 584214.00 1150000 1150000 1150000 1150000 1180000
Exports (PAB Thousand) 50176.00 65000 65000 65000 65000 66000
Capital Flows (PAB Million) -1160.61 -1300 -1300 -1300 -1300 -1200
Remittances (PAB Thousand) 127845.00 125000 119000 119000 119000 127000
Foreign Direct Investment (USD Million) 949.90 1465 1300 1430 1430 1500

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 39.48 43 41 41 41 41
Government Budget (% of GDP) -3.80 -4.7 -4.3 -4.3 -4.3 -4.3

Taxes Actual Q4 Q1 Q2 Q3 2021
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 Q4 Q1 Q2 Q3 2021
Industrial Production (%) -0.70 1.4 1.5 1.5 1.5 1.6
Leading Economic Index (%) -40.90 -1.7 2 18 4.5 5.4

Consumer Actual Q4 Q1 Q2 Q3 2021
Gasoline Prices (USD/Liter) 0.62 0.62 0.55 0.52 0.5 0.59


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.