Markets Actual Q4 Q1 Q2 Q3 2022
Currency 1.00 1 1 1 1 1
Stock Market (points) 380.86 376 371 366 361 352

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Annual Growth Rate (%) 40.40 11 7 3.5 4.5 6
Unemployment Rate (%) 18.50 12 8.4 8.4 8.4 8.4
Inflation Rate (%) 2.49 1.6 1.9 1.2 1.2 1.5
Balance of Trade (PAB Thousand) -949408.30 -1114000 -1114000 -1114000 -1114000 -1114000
Current Account (PAB Million) -225.20 -450 -450 -450 -450 -630
Current Account to GDP (% of GDP) 2.30 -6 -6 -6 -6 -6.5
Government Debt to GDP (% of 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 Q4 Q1 Q2 Q3 2022
GDP Annual Growth Rate (%) 40.40 11 7 3.5 4.5 6
GDP (USD Billion) 52.94 67 67 67 67 68.5
GDP per capita (USD) 9611.29 11800 11800 11800 11800 12000
GDP per capita PPP (USD) 25381.85 30600 30600 30600 30600 31120
GDP Constant Prices (PAB Million) 9124.88 12410 11067 10421 9444 11731
GDP From Agriculture (PAB Million) 242.83 225 258 209 251 274
GDP From Construction (PAB Million) 920.00 1875 896 1140 952 950
GDP From Manufacturing (PAB Million) 379.16 604 531 553 392 563
GDP From Mining (PAB Million) 681.85 244 591 775 706 627
GDP From Transport (PAB Million) 1614.70 1653 1683 1465 1671 1784
GDP From Utilities (PAB Million) 447.16 484 463 428 463 491

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 18.50 12 8.4 8.4 8.4 8.4
Population (Million) 4.30 4.34 4.34 4.34 4.34 4.4
Wages (PAB/Month) 1249.00 1600 1600 1600 1600 1600

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 2.49 1.6 1.9 1.2 1.2 1.5
Inflation Rate Mom (%) 0.00 0.2 0.2 0.2 0.2 0.2
Consumer Price Index CPI (points) 105.45 105 106 106 107 106
Cpi Housing Utilities (points) 94.46 93.98 95.07 94.63 95.59 95.39
CPI Transportation (points) 108.34 109 109 109 109 109
Food Inflation (%) 1.44 0.7 0.7 0.7 0.7 0.7

Money Actual Q4 Q1 Q2 Q3 2022
Deposit Interest Rate (%) 2.05 2.8 2.8 2.8 2.8 2.8

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (PAB Thousand) -949408.30 -1114000 -1114000 -1114000 -1114000 -1114000
Current Account (PAB Million) -225.20 -450 -450 -450 -450 -630
Current Account to GDP (% of GDP) 2.30 -6 -6 -6 -6 -6.5
Imports (PAB Thousand) 1020366.10 1180000 1180000 1180000 1180000 1180000
Exports (PAB Thousand) 70957.82 66000 66000 66000 66000 66000
Capital Flows (PAB Million) -1484.91 -1200 -1200 -1200 -1200 -1200
Remittances (PAB Thousand) 106528.20 127000 127000 127000 127000 129000
Foreign Direct Investment (USD Million) 453.60 1280 1280 1280 1280 1500

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 69.82 52 52 52 52 50
Government Budget (% of GDP) -9.23 -4.3 -4.3 -4.3 -4.3 -3.5
Military Expenditure (USD Million) 0.00 0 0 0 0 0

Taxes Actual Q4 Q1 Q2 Q3 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 (%) 23.50 22.25 22.25 22.25 22.25 22.25
Social Security Rate For Companies (%) 13.50 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 2022
Industrial Production (%) -44.00 2 2 2 2 1.3
Leading Economic Index (%) 24.91 5.4 5.4 5.4 5.4 5.6

Consumer Actual Q4 Q1 Q2 Q3 2022
Gasoline Prices (USD/Liter) 0.89 0.85 0.8 0.76 0.73 0.69


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.