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 Q3/17 Q4/17 Q1/18 Q2/18 2020
Currency 1.00 0.99 0.98 0.97 0.96 0.85 [+]
Stock Market 431.77 420 416 411 407 361 points [+]
GDP Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
GDP Annual Growth Rate 5.40 6.7 7 7.5 7.7 4.4 percent [+]
GDP 55.19 57.7 58.62 59.39 60.17 67.47 USD Billion [+]
GDP per capita 10982.40 11261 11220 11421 11514 13200 USD [+]
GDP per capita PPP 21334.90 21781 21906 22051 22196 23555 USD [+]
Gdp Constant Prices 9708.33 10150 10040 9987 10285 11397 PAB Million [+]
Gdp From Agriculture 193.43 199 199 199 199 199 PAB Million [+]
Gdp From Construction 1409.97 1531 1432 1507 1436 1395 PAB Million [+]
Gdp From Manufacturing 491.68 473 473 473 473 473 PAB Million [+]
Gdp From Mining 173.16 197 188 197 188 188 PAB Million [+]
Gdp From Transport 1478.20 1366 1276 1381 1312 1295 PAB Million [+]
Gdp From Utilities 349.69 345 431 368 353 378 PAB Million [+]
LABOUR Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 5.60 5.3 5.3 5.6 5.6 5.4 percent [+]
Population 3.98 4.3 4.5 4.5 4.6 4.31 Million [+]
Wages 1238.00 1281 1301 1320 1340 1522 PAB/Month [+]
PRICES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Inflation Rate 0.70 1.4 1.7 1.9 1.8 3.4 percent [+]
Inflation Rate Mom -0.20 0.06 0.07 0.04 0.06 0.05 percent [+]
Food Inflation -1.10 -0.64 0 0.79 1.5 4.07 percent [+]
Consumer Price Index Cpi 104.40 105 106 106 106 110 Index Points [+]
CPI Transportation 103.40 101 101 102 102 102 Index Points [+]
MONEY Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Interest Rate 0.69 0.8 1 1 1 2.25 percent [+]
Deposit Interest Rate 2.10 2.19 2.29 2.25 2.22 2.11 percent [+]
TRADE Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Balance of Trade -9680620.00 -918021 -700000 -957787 -967487 -600000 PAB Thousand [+]
Exports 53470.00 53378 40000 54973 54810 60000 PAB Thousand [+]
Imports 1021532.20 1034955 1033679 1029795 1022346 948380 PAB Thousand [+]
Current Account -506.20 -765 -812 -694 -658 -738 PAB Million [+]
Current Account to GDP -5.60 -7.32 -6.98 -7.09 -7.2 -7.43 percent [+]
Capital Flows -1279.10 1271 1151 1077 1038 1098 PAB Million [+]
Remittances 794.00 769 775 771 768 1012 USD Million [+]
Terrorism Index 0.00 0.1 0.1 0.11 0.13 0.13 [+]
Foreign Direct Investment 4309.47 4256 4344 4367 4389 4577 PAB Million [+]
GOVERNMENT Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Government Debt to GDP 39.20 39.52 39.42 39.69 39.96 41.69 percent [+]
Government Budget -3.90 -2.83 -2.94 -2.7 -2.46 -2.03 percent of GDP [+]
BUSINESS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Industrial Production 1.80 3.41 1 2.51 1.78 1.26 percent [+]
Leading Economic Index 5.84 7.31 7.29 7.28 7.28 7.28 percent [+]
Ease of Doing Business 70.00 70 71 71 71 72 [+]
Competitiveness Index 4.51 4.37 4.37 4.48 4.51 4.51 Points [+]
Competitiveness Rank 42.00 50 50 42 39 39 [+]
Corruption Index 38.00 37 37 37 37 38 Points [+]
Corruption Rank 87.00 102 107 111 115 151 [+]
CONSUMER Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Gasoline Prices 0.73 0.68 0.69 0.69 0.69 0.69 USD/Liter [+]
TAXES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Corporate Tax Rate 25.00 24.34 24.34 24.17 24.01 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 22.34 22.36 22.46 percent [+]
Social Security Rate For Companies 12.50 12.67 12.67 12.71 12.74 12.97 percent [+]
Social Security Rate For Employees 9.75 9.57 9.57 9.53 9.49 9.31 percent [+]