Markets Actual Q2 Q3 Q4 Q1 2022
Currency 1.00 1 1 1 1 1
Stock Market (points) 376.09 374 373 371 369 366

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Annual Growth Rate (%) -10.90 26 16.8 12 7 5
Unemployment Rate (%) 7.10 9 9 9 8.4 8.4
Inflation Rate (%) 0.30 1.2 1.8 1.6 1.9 1.5
Balance of Trade (PAB Thousand) -700822.56 -1035000 -1085000 -1035000 -1035000 -1035000
Current Account (PAB Million) 17.82 -350 -400 -450 -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 Q2 Q3 Q4 Q1 2022
GDP Annual Growth Rate (%) -10.90 26 16.8 12 7 5
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 8186 9568 11167 10668 11725
GDP From Agriculture (PAB Million) 232.50 276 315 260 249 273
GDP From Construction (PAB Million) 807.00 198 540 904 863 949
GDP From Manufacturing (PAB Million) 478.20 383 417 536 512 562
GDP From Mining (PAB Million) 532.80 105 423 597 570 627
GDP From Transport (PAB Million) 1516.20 1620 1590 1698 1622 1783
GDP From Utilities (PAB Million) 417.10 514 483 467 446 491

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 7.10 9 9 9 8.4 8.4
Population (Million) 4.30 4.28 4.28 4.34 4.34 4.4
Wages (PAB/Month) 1209.00 1600 1600 1600 1600 1600

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 0.30 1.2 1.8 1.6 1.9 1.5
Consumer Price Index CPI (points) 104.30 103 104 111 105 106
Cpi Housing Utilities (points) 93.30 102 104 108 93.98 95.39
CPI Transportation (points) 105.10 99.29 97.15 108 99.77 101
Food Inflation (%) 0.20 0.1 0.3 0.7 0.7 0.7
Inflation Rate Mom (%) 0.40 0.2 0.1 0.2 0.2 0.2

Money Actual Q2 Q3 Q4 Q1 2022
Deposit Interest Rate (%) 2.05 2.8 1.9 2.8 2.8 2.8

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (PAB Thousand) -700822.56 -1035000 -1085000 -1035000 -1035000 -1035000
Current Account (PAB Million) 17.82 -350 -400 -450 -450 -630
Current Account to GDP (%) -4.70 -6 -6 -6 -6 -6.5
Imports (PAB Thousand) 752477.10 1150000 1150000 1180000 1180000 1180000
Exports (PAB Thousand) 51654.51 65000 65000 66000 66000 66000
Capital Flows (PAB Million) 1481.36 -1300 -1300 -1200 -1200 -1200
Remittances (PAB Thousand) 93216.10 119000 119000 127000 127000 129000
Foreign Direct Investment (USD Million) 461.80 920 1100 1280 1280 1500

Government Actual Q2 Q3 Q4 Q1 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
Military Expenditure (USD Million) 0.00 0 0 0 0 0

Taxes Actual Q2 Q3 Q4 Q1 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 Q2 Q3 Q4 Q1 2022
Industrial Production (%) -0.70 5 3.5 2 2 1.3
Leading Economic Index (%) -14.60 18 4.5 5.4 5.4 5.6

Consumer Actual Q2 Q3 Q4 Q1 2022
Gasoline Prices (USD/Liter) 0.83 0.67 0.63 0.59 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.