Panama | Economic Forecasts | 2017-2020 Outlook

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.


MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 1.00 1.01 1.02 1.05 1.04 1.2 [+]
Stock Market 425.05 413 409 396 401 334 points [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Annual Growth Rate 4.50 4.9 4.7 4.8 4.7 4.4 percent [+]
GDP 52.13 58.04 54.38 54.85 55.59 65.61 USD Billion [+]
GDP per capita 10750.94 11220 11081 11220 11291 13200 USD [+]
GDP per capita PPP 20885.34 21307 21478 21650 21824 24226 USD [+]
Gdp Constant Prices 9866.91 9633 9496 9500 9483 9218 PAB Million [+]
Gdp From Agriculture 192.70 200 200 200 200 200 PAB Million [+]
Gdp From Construction 1468.97 1469 1605 1469 1605 1469 PAB Million [+]
Gdp From Manufacturing 444.66 475 475 475 475 475 PAB Million [+]
Gdp From Mining 184.88 179 178 178 178 178 PAB Million [+]
Gdp From Transport 1269.93 1292 1292 1292 1292 1292 PAB Million [+]
Gdp From Utilities 457.79 351 344 429 382 373 PAB Million [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 5.60 5.3 5.3 5.3 5.6 5.4 percent [+]
Population 3.98 4.01 4.03 4.04 4.06 4.31 Million [+]
Wages 1238.00 1262 1281 1301 1320 1522 PAB/Month [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 1.00 1.6 1.8 1.9 1.9 3.4 percent [+]
Inflation Rate Mom 0.00 0.05 0.08 0.06 0.07 0.07 percent [+]
Food Inflation -0.10 -0.19 -0.23 -0.24 -0.24 -0.24 percent [+]
Consumer Price Index Cpi 104.50 105 105 106 106 110 Index Points [+]
Cpi Transportation 103.00 102 101 102 102 102 Index Points [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 0.73 0.75 0.75 1 1 2.25 percent [+]
Deposit Interest Rate 2.10 2.1 2.19 2.29 2.25 2.11 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -1168112.89 -800000 -955700 -700000 -964092 -600000 PAB Thousand [+]
Exports 59701.46 50000 53202 40000 54005 60000 PAB Thousand [+]
Imports 1227814.40 1099773 1007102 1001194 1011670 1020113 PAB Thousand [+]
Current Account -3098.10 -1493 -969 -1245 -1390 -1385 PAB Million [+]
Current Account to GDP -6.50 -9.85 -9.59 -9.33 -9.3 -8.65 percent [+]
Capital Flows 1098.90 968 1339 1148 1216 1170 PAB Million [+]
Remittances 794.00 764 769 775 771 1012 USD Million [+]
Terrorism Index 0.00 0.09 0.1 0.1 0.11 0.13 [+]
Foreign Direct Investment 4309.47 4167 4256 4344 4367 4577 PAB Million [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 39.10 38.54 39.41 40.29 40.44 44.17 percent [+]
Government Budget -3.90 -2.72 -2.83 -2.94 -2.7 -2.03 percent of GDP [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Industrial Production -3.60 -3.71 -2.46 -3.87 -2.61 -3.39 percent [+]
Leading Economic Index 7.50 6.67 6.5 6.46 6.45 6.45 percent [+]
Ease of Doing Business 70.00 69 70 71 71 72 [+]
Competitiveness Index 4.51 4.37 4.37 4.37 4.51 4.51 Points [+]
Competitiveness Rank 42.00 50 50 50 39 39 [+]
Corruption Index 38.00 37 37 37 37 38 Points [+]
Corruption Rank 87.00 97 102 107 111 151 [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Gasoline Prices 0.74 0.75 0.75 0.75 0.75 0.75 USD/Liter [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corporate Tax Rate 25.00 24.34 24.34 24.34 24.17 22.61 percent [+]
Personal Income Tax Rate 25.00 25 25 25 25 25 percent [+]
Sales Tax Rate 7.00 7 7 7 7 7 percent [+]
Social Security Rate 22.25 22.33 22.33 22.33 22.34 22.46 percent [+]
Social Security Rate For Companies 12.50 12.67 12.67 12.67 12.71 12.97 percent [+]
Social Security Rate For Employees 9.75 9.57 9.57 9.57 9.53 9.31 percent [+]