Markets Actual Q3 Q4 Q1 Q2 2021
Currency 1.00 1 1 1 1 1
Stock Market (points) 369.42 365 364 362 361 357

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) 0.40 -3 -2.5 0.6 1.5 3.9
Unemployment Rate (%) 7.10 9 9 8.5 8.5 8.5
Inflation Rate (%) -0.80 -0.1 0.1 0.3 0.5 1.1
Balance of Trade (PAB Thousand) -448526.67 -1098800 -1085000 -1085000 -1085000 -1114000
Current Account (PAB Million) -26.40 -1560 -1250 -950 -950 -1200
Current Account to GDP (%) -4.70 -5.5 -5.5 -6 -6 -6
Government Debt to GDP (%) 39.48 43 43 41 41 41
Government Budget (% of GDP) -3.80 -4.7 -4.7 -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 Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) 0.40 -3 -2.5 0.6 1.5 3.9
GDP (USD Billion) 66.80 65.5 65.5 67 67 67
GDP per capita (USD) 11910.16 11400 11400 11800 11800 11800
GDP per capita PPP (USD) 31458.70 29500 29500 30600 30600 30600
GDP Constant Prices (PAB Million) 10634.33 10570 10930 10698 10794 11357
GDP From Agriculture (PAB Million) 197.42 257 215 199 200 223
GDP From Construction (PAB Million) 1634.64 1541 1530 1644 1659 1590
GDP From Manufacturing (PAB Million) 529.18 497 515 532 537 535
GDP From Mining (PAB Million) 426.61 322 355 429 433 369
GDP From Transport (PAB Million) 1537.25 1525 1544 1546 1560 1604
GDP From Utilities (PAB Million) 438.57 450 437 441 445 454

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 7.10 9 9 8.5 8.5 8.5
Population (Million) 4.22 4.27 4.28 4.28 4.28 4.34
Wages (PAB/Month) 1422.00 1500 1600 1600 1600 1600

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) -0.80 -0.1 0.1 0.3 0.5 1.1
Inflation Rate Mom (%) -0.40 -0.1 0.1 0.3 0.2 0.4
Consumer Price Index CPI (points) 104.03 105 105 105 105 106
Cpi Housing Utilities (points) 102.49 102 102 103 103 103
CPI Transportation (points) 100.09 103 103 103 103 104
Food Inflation (%) -0.80 -0.3 0.2 0.6 0.7 1

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

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (PAB Thousand) -448526.67 -1098800 -1085000 -1085000 -1085000 -1114000
Current Account (PAB Million) -26.40 -1560 -1250 -950 -950 -1200
Current Account to GDP (%) -4.70 -5.5 -5.5 -6 -6 -6
Imports (PAB Thousand) 493292.20 1160000 1150000 1150000 1150000 1180000
Exports (PAB Thousand) 44765.54 61200 65000 65000 65000 66000
Capital Flows (PAB Million) -1160.61 -1500 -1300 -1300 -1300 -1200
Remittances (PAB Thousand) 127845.00 120000 125000 119000 119000 127000
Foreign Direct Investment (USD Million) 949.90 1200 1465 1300 1430 1500

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

Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2021
Industrial Production (%) -0.70 1.2 1.4 1.5 1.5 1.6
Leading Economic Index (%) -40.90 -2.5 -1.7 2 2.5 5.4

Consumer Actual Q3 Q4 Q1 Q2 2021
Gasoline Prices (USD/Liter) 0.63 0.58 0.55 0.52 0.5 0.47


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.