Markets Actual Q3 Q4 Q1 Q2 2022
Stock Market (points) 386.54 381 376 371 366 356

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Annual Growth Rate (%) -10.90 16.8 11 7 3.5 6
Unemployment Rate (%) 18.50 12 12 8.4 8.4 8.4
Inflation Rate (%) 1.58 1.8 1.6 1.9 1.2 1.5
Balance of Trade (PAB Thousand) -918716.54 -1085000 -1114000 -1114000 -1114000 -1114000
Current Account (PAB Million) 449.99 -400 -450 -450 -450 -630
Current Account to GDP (% of GDP) -4.70 -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 Q3 Q4 Q1 Q2 2022
GDP Annual Growth Rate (%) -10.90 16.8 11 7 3.5 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) 9970.30 9568 11067 10668 10319 11731
GDP From Agriculture (PAB Million) 232.50 315 258 249 241 274
GDP From Construction (PAB Million) 807.00 540 896 863 835 950
GDP From Manufacturing (PAB Million) 478.20 417 531 512 495 563
GDP From Mining (PAB Million) 532.80 423 591 570 551 627
GDP From Transport (PAB Million) 1516.20 1590 1683 1622 1569 1784
GDP From Utilities (PAB Million) 417.10 483 463 446 432 491

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 18.50 12 12 8.4 8.4 8.4
Population (Million) 4.30 4.28 4.34 4.34 4.34 4.4
Wages (PAB/Month) 1209.00 1600 1600 1600 1600 1600

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 1.58 1.8 1.6 1.9 1.2 1.5
Inflation Rate Mom (%) 0.20 0.1 0.2 0.2 0.2 0.2
Consumer Price Index CPI (points) 104.86 105 105 106 106 106
Cpi Housing Utilities (points) 93.51 94.3 93.98 95.07 94.63 95.39
CPI Transportation (points) 107.64 100 99.77 107 109 101
Food Inflation (%) 1.34 0.3 0.7 0.7 0.7 0.7

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

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (PAB Thousand) -918716.54 -1085000 -1114000 -1114000 -1114000 -1114000
Current Account (PAB Million) 449.99 -400 -450 -450 -450 -630
Current Account to GDP (% of GDP) -4.70 -6 -6 -6 -6 -6.5
Imports (PAB Thousand) 987069.90 1150000 1180000 1180000 1180000 1180000
Exports (PAB Thousand) 68353.35 65000 66000 66000 66000 66000
Capital Flows (PAB Million) 176.55 -1300 -1200 -1200 -1200 -1200
Remittances (PAB Thousand) 107261.30 119000 127000 127000 127000 129000
Foreign Direct Investment (USD Million) 461.80 1100 1280 1280 1280 1500

Government Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2022
Industrial Production (%) -0.70 3.5 2 2 2 1.3
Leading Economic Index (%) 12.09 4.5 5.4 5.4 5.4 5.6

Consumer Actual Q3 Q4 Q1 Q2 2022
Gasoline Prices (USD/Liter) 0.90 0.86 0.81 0.77 0.73 0.7


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.