Markets Actual Q2 Q3 Q4 Q1 2023
Stock Market (points) 395.66 393 390 388 385 380
Currency 1.00 1 1 1 1 1

Overview Actual Q2 Q3 Q4 Q1 2023
GDP Annual Growth Rate (%) 16.30 2.5 4.5 6 3.1 5
Unemployment Rate (%) 18.50 8.4 8.4 8.4 8.4 6.9
Inflation Rate (%) 3.65 2.6 2.2 1.7 1.5 2
Balance of Trade (PAB Thousand) -893277.00 -1114000 -1114000 -1114000 -1114000 -1114000
Current Account (PAB Million) -453.45 -450 -450 -630 -630 -630
Current Account to GDP (% of GDP) 2.30 -6 -6 -6.5 -6.5 -6.5
Government Debt to GDP (% of GDP) 69.82 52 52 50 50 50
Government Budget (% of GDP) -9.23 -4.3 -4.3 -3.5 -3.5 -3.5
Personal Income Tax Rate (%) 25.00 25 25 25 25 25
Corporate Tax Rate (%) 25.00 25 25 25 25 25

GDP Actual Q2 Q3 Q4 Q1 2023
GDP Annual Growth Rate (%) 16.30 2.5 4.5 6 3.1 5
GDP (USD Billion) 52.94 67 67 68.5 68.5 68.5
GDP per capita (USD) 12168.47 11800 11800 12000 12000 12000
GDP per capita PPP (USD) 25381.85 30600 30600 31120 31120 31120
GDP Constant Prices (PAB Million) 11590.20 9353 10803 12286 11949 12900
GDP From Agriculture (PAB Million) 240.53 249 298 255 248 268
GDP From Construction (PAB Million) 1171.79 943 948 1242 1208 1304
GDP From Manufacturing (PAB Million) 542.69 389 437 575 560 604
GDP From Mining (PAB Million) 787.90 699 849 835 812 877
GDP From Transport (PAB Million) 1673.98 1655 1528 1774 1726 1863
GDP From Utilities (PAB Million) 459.08 458 483 487 473 511

Labour Actual Q2 Q3 Q4 Q1 2023
Unemployment Rate (%) 18.50 8.4 8.4 8.4 8.4 6.9
Population (Million) 4.30 4.34 4.34 4.4 4.4 4.4
Wages (PAB/Month) 1249.00 1600 1600 1600 1600 1600

Prices Actual Q2 Q3 Q4 Q1 2023
Inflation Rate (%) 3.65 2.6 2.2 1.7 1.5 2
Inflation Rate Mom (%) 0.30 0.2 0.2 0.2 0.2 0.2
CPI Housing Utilities (points) 95.03 95.94 96.54 96.2 96.23 98.12
CPI Transportation (points) 120.40 121 121 121 121 122
Consumer Price Index CPI (points) 108.27 108 108 107 109 110
Food Inflation (%) 2.63 1 1.3 1.3 0.5 0.7

Money Actual Q2 Q3 Q4 Q1 2023
Deposit Interest Rate (%) 2.05 2.8 2.8 2.8 2.8 2.8

Trade Actual Q2 Q3 Q4 Q1 2023
Balance of Trade (PAB Thousand) -893277.00 -1114000 -1114000 -1114000 -1114000 -1114000
Current Account (PAB Million) -453.45 -450 -450 -630 -630 -630
Current Account to GDP (% of GDP) 2.30 -6 -6 -6.5 -6.5 -6.5
Exports (PAB Thousand) 266996.00 66000 66000 66000 66000 66000
Imports (PAB Thousand) 1160273.00 1180000 1180000 1180000 1180000 1180000
Capital Flows (PAB Million) -889.48 -1200 -1200 -1200 -1200 -1200
Remittances (PAB Thousand) 106528.20 127000 127000 129000 129000 129000
Foreign Direct Investment (USD Million) 453.60 1280 1280 1500 1500 1500

Government Actual Q2 Q3 Q4 Q1 2023
Government Debt to GDP (% of GDP) 69.82 52 52 50 50 50
Government Budget (% of GDP) -9.23 -4.3 -4.3 -3.5 -3.5 -3.5
Military Expenditure (USD Million) 0.00 0 0 0 0 0

Taxes Actual Q2 Q3 Q4 Q1 2023
Personal Income Tax Rate (%) 25.00 25 25 25 25 25
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Sales Tax Rate (%) 7.00 7 7 7 7 7
Social Security Rate (%) 22.00 22 22 22 22 22
Social Security Rate For Companies (%) 12.25 12.25 12.25 12.25 12.25 12.25
Social Security Rate For Employees (%) 9.75 9.75 9.75 9.75 9.75 9.75

Business Actual Q2 Q3 Q4 Q1 2023
Industrial Production (%) -44.00 2 2 1.3 1.3 1.3
Leading Economic Index (%) 13.35 5.8 4.4 3.8 3.1 4

Consumer Actual Q2 Q3 Q4 Q1 2023
Gasoline Prices (USD/Liter) 1.16 1.2 1.24 1.29 1.33 1.33


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Panama Forecast - was last updated on Tuesday, May 17, 2022.