Markets Actual Q3 Q4 Q1 Q2 2020
Currency 1.00 1 1 1 1 1
Stock Market (points) 444.57 439 437 436 435 432
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) 3.10 4.1 4.5 4.8 5 5
Unemployment Rate (%) 6.00 6.5 6.5 6.4 6.4 6.4
Inflation Rate (%) -0.50 1.2 1.7 1.8 1.9 2
Interest Rate (%) 1.36 1.75 2 2 2.25 2.25
Balance of Trade (PAB Thousand) -1038067.89 -1019000 -1011600 -1011600 -1011600 -1035000
Current Account (PAB Million) -1291.57 -1470 -1320 -1400 -900 -1250
Current Account to GDP (%) -8.50 -5.4 -5.4 -5 -5 -5
Government Debt to GDP (%) 39.48 42 42 43 43 43
Government Budget (% of GDP) -2.80 -3.1 -3.1 -3.1 -3.1 -3.1
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 2020
GDP Annual Growth Rate (%) 3.10 4.1 4.5 4.8 5 5
GDP (USD Billion) 65.06 70 70 74 74 74
GDP per capita (USD) 11723.93 12000 12000 13200 13200 13200
GDP per capita PPP (USD) 22674.40 24100 24100 25500 25500 25500
GDP Constant Prices (PAB Million) 10598.84 10699 11256 11267 11108 11819
GDP From Agriculture (PAB Million) 182.66 237 204 204 191 214
GDP From Construction (PAB Million) 1747.84 1649 1701 1702 1832 1786
GDP From Manufacturing (PAB Million) 542.59 529 548 548 569 575
GDP From Mining (PAB Million) 183.38 191 221 221 192 232
GDP From Transport (PAB Million) 1452.03 1466 1499 1501 1522 1574
GDP From Utilities (PAB Million) 421.88 428 439 439 442 461
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 6.00 6.5 6.5 6.4 6.4 6.4
Population (Million) 4.16 4.21 4.21 4.27 4.27 4.27
Wages (PAB/Month) 1422.00 1500 1500 1500 1500 1600
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) -0.50 1.2 1.7 1.8 1.9 2
Inflation Rate Mom (%) -0.30 0.6 0.7 0.7 0.7 0.5
Food Inflation (%) 0.80 1.2 1.5 1.5 1.5 0.8
Consumer Price Index Cpi (Index Points) 104.90 107 106 106 107 109
Cpi Housing Utilities (Index Points) 101.11 103 104 103 103 106
CPI Transportation (Index Points) 104.49 109 104 103 106 106
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 1.36 1.75 2 2 2.25 2.25
Deposit Interest Rate (%) 2.16 2.3 2.8 2.8 2.8 2.8
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (PAB Thousand) -1038067.89 -1019000 -1011600 -1011600 -1011600 -1035000
Current Account (PAB Million) -1291.57 -1470 -1320 -1400 -900 -1250
Current Account to GDP (%) -8.50 -5.4 -5.4 -5 -5 -5
Imports (PAB Thousand) 1101315.60 1080000 1075000 1075000 1075000 1100000
Exports (PAB Thousand) 63247.70 61000 63400 63400 63400 65000
Foreign Direct Investment (USD Million) 1648.30 1530 1455 1600 1700 1465
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 39.48 42 42 43 43 43
Government Budget (% of GDP) -2.80 -3.1 -3.1 -3.1 -3.1 -3.1
Taxes Actual Q3 Q4 Q1 Q2 2020
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 25.00 25 25 25 25 25
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 2020
Industrial Production (%) -2.80 -0.5 1.8 1.3 1 1.4
Leading Economic Index (%) 2.94 5.2 5 4.8 4.8 5.3
Consumer Actual Q3 Q4 Q1 Q2 2020
Gasoline Prices (USD/Liter) 0.77 0.65 0.63 0.62 0.69 0.62


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.