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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 6.10 5.6 6 6 5.55 5.5 percent
Inflation Rate 0.60 0.8 1.2 1.4 1.6 2.3 percent
Interest Rate 1.18 1 1.25 1.75 1.75 2.25 percent
Balance of Trade -855694.00 -868000 -857000 -853000 -1038133 -880000 PAB Thousand
Government Debt to GDP 39.20 39.6 41 39.4 45.9 42.1 percent
MARKETS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 1.00
1 1 1 1 1
Stock Market 474.83
points
456 452 448 444 429
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Annual Growth Rate 4.90
percent
5.2 5.4 5.5 5.3 5.7
GDP 55.19
USD Billion
56.75 57.67 58.6 67.4 70.1
GDP per capita 10982.40
USD
11148 11540 11540 12000 13200
GDP per capita PPP 21334.90
USD
21605 21723 21841 22919 23087
Gdp Constant Prices 10463.85
PAB Million
10063 10328 11053 10408 12313
Gdp From Agriculture 190.92
PAB Million
185 230 199 180 222
Gdp From Construction 1596.23
PAB Million
1466 1582 1669 1658 1859
Gdp From Manufacturing 518.96
PAB Million
559 531 556 547 619
Gdp From Mining 185.27
PAB Million
169 184 194 193 216
Gdp From Transport 1382.36
PAB Million
1355 1397 1431 1382 1594
Gdp From Utilities 401.65
PAB Million
397 413 424 415 472
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 6.10
percent
5.6 6 6 5.55 5.5
Population 4.03
Million
4.6 4.08 4.09 4.1 4.34
Wages 1146.00
PAB/Month
1400 1400 1400 1500 1600
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 0.60
percent
0.8 1.2 1.4 1.6 2.3
Inflation Rate Mom 0.10
percent
0.2 0.2 0.3 0.06 0.4
Food Inflation -1.50
percent
0.3 0.4 0.4 0.8 0.8
Consumer Price Index Cpi 105.10
Index Points
105 106 106 107 111
Cpi Housing Utilities 101.60
Index Points
102 103 103 103 108
CPI Transportation 105.10
Index Points
104 107 105 105 110
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 1.18
percent
1 1.25 1.75 1.75 2.25
Deposit Interest Rate 2.10
percent
2.09 2.18 2.27 2.24 2.25
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -855694.00
PAB Thousand
-868000 -857000 -853000 -1038133 -880000
Exports 47266.00
PAB Thousand
62000 64000 66000 56164 85000
Imports 902960.00
PAB Thousand
930000 921000 919000 1094297 965000
Current Account -972.40
PAB Million
-580 -550 -530 -909 -580
Current Account to GDP -5.60
percent
-7.98 -6.08 -8.17 -4.89 -8.02
Capital Flows -2446.00
PAB Million
-1700 -1600 -1900 -2000 -1300
Remittances 426.00
USD Million
422 415 408 433 415
Terrorism Index 0.15
0.15 0.16 0.17 0.17 0.09
Foreign Direct Investment 1555.60
USD Million
1485 1485 1485 1485 1485
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 39.20
percent
39.6 41 39.4 45.9 42.1
Government Budget -4.00
percent of GDP
-3.22 -3.24 -3.27 -3.1 -2.65
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Industrial Production 1.00
percent
2.6 2.7 2.7 1.91 2.9
Leading Economic Index 3.10
percent
6.2 5.9 5.8 5.04 6.4
Internet Speed 5900.46
KBps
7800 8022 8297 8463 8822
IP Addresses 463691.00
IP
445528 445678 443156 447018 444417
Ease of Doing Business 79.00
79 79 79 79 79
Competitiveness Index 4.44
Points
4.47 4.47 4.47 4.47 4.47
Competitiveness Rank 50.00
46 46 46 56 52
Corruption Index 37.00
Points
37 37 37 37 37
Corruption Rank 96.00
91 91 91 89 85
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Gasoline Prices 0.78
USD/Liter
0.73 0.69 0.65 0.61 0.43
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 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 23 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 9.67 9.75
CLIMATE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Temperature 25.61
celsius
26.86 26.34 25.69 26.51 26.92
Precipitation 123.63
mm
230 258 290 54.81 213