Panama - Economic Forecasts - 2018-2020 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.


Overview Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 5.60 5.6 5.6 6 6 5.5 percent
Inflation Rate 0.40 1 1.3 1.4 1.4 2.3 percent
Interest Rate 1.18 1 1 1.25 1.75 2.25 percent
Balance of Trade -1118832.43 -990000 -990000 -9850000 -985000 -1050000 PAB Thousand
Government Debt to GDP 39.20 40.95 41 41 41.1 48.7 percent
MARKETS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Currency 1.00
1 1 1 1 1
Stock Market 456.62
points
445 440 436 432 399
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Annual Growth Rate 5.40
percent
6 5.6 5.7 5.4 5.7
GDP 55.19
USD Billion
55.8 56.7 57.6 58.5 66.3
GDP per capita 10982.40
USD
11006 11071 11137 11540 13200
GDP per capita PPP 21334.90
USD
21487 21605 21723 21841 22919
Gdp Constant Prices 10042.14
PAB Million
9964 9931 9974 9910 9527
Gdp From Agriculture 223.78
PAB Million
195 210 215 208 208
Gdp From Construction 1538.23
PAB Million
1600 1630 1650 1630 1730
Gdp From Manufacturing 516.00
PAB Million
495 515 535 515 545
Gdp From Mining 178.75
PAB Million
177 169 173 170 167
Gdp From Transport 1358.20
PAB Million
1545 1560 1550 1555 1630
Gdp From Utilities 401.82
PAB Million
387 382 385 381 368
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 5.60
percent
5.6 5.6 6 6 5.5
Population 4.03
Million
4.5 4.6 4.06 4.08 4.2
Wages 1238.00
PAB/Month
1242 1262 1281 1301 1522
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 0.40
percent
1 1.3 1.4 1.4 2.3
Inflation Rate Mom 0.20
percent
0.2 0.2 0.2 0.3 0.4
Food Inflation -1.50
percent
0.1 0.3 0.4 0.4 0.8
Consumer Price Index Cpi 104.70
Index Points
105 105 106 106 110
CPI Transportation 103.60
Index Points
103 103 104 103 105
Cpi Housing Utilities 101.60
Index Points
102 102 102 102 102
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 1.18
percent
1 1 1.25 1.75 2.25
Deposit Interest Rate 2.10
percent
2.23 2.21 2.19 2.17 2.58
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -1118832.43
PAB Thousand
-990000 -990000 -9850000 -985000 -1050000
Exports 47975.69
PAB Thousand
65000 62000 64000 66000 85000
Imports 1166808.10
PAB Thousand
925000 930000 921000 919000 965000
Current Account -1552.60
PAB Million
-600 -580 -550 -530 -580
Current Account to GDP -5.60
percent
-6.26 -6.08 -6.08 -5.72 -4.77
Capital Flows -2463.40
PAB Million
-886 -1031 -1373 -1249 -601
Remittances 426.00
USD Million
428 422 415 408 435
Terrorism Index 0.15
0.13 0.15 0.16 0.17 0.1
Foreign Direct Investment 1555.60
USD Million
1287 1294 1349 1270 1095
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 39.20
percent
40.95 41 41 41.1 48.7
Government Budget -4.00
percent of GDP
-2.78 -2.76 -2.74 -2.72 -1.06
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Industrial Production 1.00
percent
2.7 2.6 2.7 2.7 2.9
Leading Economic Index 4.03
percent
5.4 6.2 5.9 5.8 6.4
Internet Speed 5900.46
KBps
7518 7800 8022 8297 9034
IP Addresses 463691.00
IP
454639 452931 451471 449966 438885
Ease of Doing Business 79.00
81 80 79 78 81
Competitiveness Index 4.44
Points
4.45 4.45 4.45 4.45 4.37
Competitiveness Rank 50.00
46 46 46 46 52
Corruption Index 38.00
Points
36 36 36 36 36
Corruption Rank 87.00
78 81 84 87 80
CONSUMER Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Gasoline Prices 0.79
USD/Liter
0.79 0.78 0.78 0.77 0.73
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Corporate Tax Rate 25.00
percent
25 25 25 25 26
Personal Income Tax Rate 25.00
percent
25 25 25 25 26
Sales Tax Rate 7.00
percent
7 7 7 7 7
Social Security Rate 22.25
percent
22.25 22.25 22.25 22.25 22.25
Social Security Rate For Companies 12.50
percent
12.5 12.5 12.5 12.5 12.5
Social Security Rate For Employees 9.75
percent
9.75 9.75 9.75 9.75 9.75
CLIMATE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Temperature 25.61
celsius
26.45 26.86 26.34 25.69 26.92
Precipitation 123.63
mm
54.7 230 258 290 213