Markets Actual Q2 Q3 Q4 Q1 2023
Stock Market (points) 391.97 390 387 385 382 378
Currency 1.00 1 1 1 1 1

Overview Actual Q2 Q3 Q4 Q1 2023
GDP Annual Growth Rate (%) 13.60 2.5 4.5 6 3.1 5
Unemployment Rate (%) 18.50 8.4 8.4 8.4 8.4 6.9
Inflation Rate (%) 4.22 4.6 4.2 3.7 3.5 2
Balance of Trade (PAB Thousand) -922684.00 -922000 -932000 -942106 -952374 -983175
Current Account (PAB Million) -650.73 -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 (%) 13.60 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) 11097.20 9353 10803 12286 11441 12900
GDP From Agriculture (PAB Million) 197.01 247 298 255 203 268
GDP From Construction (PAB Million) 1294.05 937 948 1242 1334 1304
GDP From Manufacturing (PAB Million) 531.63 426 437 575 548 604
GDP From Mining (PAB Million) 816.58 568 849 835 842 877
GDP From Transport (PAB Million) 1557.76 1469 1528 1774 1606 1863
GDP From Utilities (PAB Million) 437.55 451 483 487 451 511

Labour Actual Q2 Q3 Q4 Q1 2023
Unemployment Rate (%) 18.50 8.4 8.4 8.4 8.4 6.9
Population (Million) 4.38 4.46 4.46 4.46 4.53 4.53
Wages (PAB/Month) 1249.00 1600 1600 1600 1600 1600

Prices Actual Q2 Q3 Q4 Q1 2023
Inflation Rate (%) 4.22 4.6 4.2 3.7 3.5 2
Inflation Rate Mom (%) 0.60 0.5 0.3 0.2 0.2 0.2
CPI Housing Utilities (points) 95.16 97.81 98.43 98.09 98.13 100
CPI Transportation (points) 124.10 125 125 125 126 126
Consumer Price Index CPI (points) 109.09 110 110 110 111 112
Food Inflation (%) 3.65 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) -922684.00 -922000 -932000 -942106 -952374 -983175
Current Account (PAB Million) -650.73 -450 -450 -630 -630 -630
Current Account to GDP (% of GDP) 2.30 -6 -6 -6.5 -6.5 -6.5
Exports (PAB Thousand) 275544.00 399234 399521 399809 400096 400959
Imports (PAB Thousand) 1198228.00 1320806 1331360 1341915 1352470 1384134
Capital Flows (PAB Million) -681.98 -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 (%) 6.20 12 4.4 3.8 3.1 4

Consumer Actual Q2 Q3 Q4 Q1 2023
Gasoline Prices (USD/Liter) 1.16 1.2 1.25 1.29 1.34 1.34


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, June 28, 2022.