Economy of Panama. Statistics, Data and Indicators
Panama
| 60BBB | Credit rank #48 |
| N/A | Quality of life # |
| 101 | Corruption rank#87 |
| 86 | Ease of doing business#78 |
Panama Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 76.52 USD Billion | 2022 |
| GDP Annual Growth Rate | 9.5 % | 3Q/22 |
| GDP per capita | 15388 USD | 2022 |
| Inflation Rate YoY | 2.2 % | Aug/23 |
| Interest Rate | 1.36 % | Jul/18 |
| Unemployment Rate | 8.8 % | 2022 |
| Wages | 1279 PAB/Month | 1281.178 USD/Month | 2021 |
| Balance of Trade | -1162315 PAB Thousand | -1.164 B USD | Jun/23 |
| Current Account | 1102 PAB Million | 1.104 B USD | 1Q/23 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 76.52 USD Billion | 2022 |
| GDP Annual Growth Rate | 9.5 % | 3Q/22 |
| GDP per capita | 15388 USD | 2022 |
| GDP Constant Prices | 11318 PAB Million | 11.337 B USD | 3Q/22 |
| GDP per capita PPP | 33266 USD | 2022 |
| GDP From Agriculture | 291 PAB Million | 0.291 B USD | 3Q/22 |
| GDP From Construction | 1067 PAB Million | 1.069 B USD | 3Q/22 |
| GDP From Manufacturing | 443 PAB Million | 0.444 B USD | 3Q/22 |
| GDP From Mining | 847 PAB Million | 0.848 B USD | 3Q/22 |
| GDP From Transport | 1648 PAB Million | 1.651 B USD | 3Q/22 |
| GDP From Utilities | 483 PAB Million | 0.484 B USD | 3Q/22 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 63.66 % | 2021 |
| Government Budget to GDP | -4.06 % | 2022 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 110 index points | Aug/23 |
| Food Inflation | 2.02 % | Aug/23 |
| Gasoline Prices | 1.09 USD/Liter | Sep/23 |
| Inflation Rate YoY | 2.2 % | Aug/23 |
| Inflation Rate Mom | -0.03 % | Jul/23 |
| CPI Housing Utilities | 106 Index Points | Aug/23 |
| CPI Transportation | 113 Index Points | Aug/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -4.1 % | 2022 |
| Balance of Trade | -1162315 PAB Thousand | -1.164 USD Billion | Jun/23 |
| Capital Flows | 233 PAB Million | 0.233 USD Billion | 1Q/23 |
| Current Account | 1102 PAB Million | 1.104 USD Billion | 1Q/23 |
| Exports | 84786 PAB Thousand | 0.085 USD Billion | Jun/23 |
| Imports | 1247101 PAB Thousand | 1.249 USD Billion | Jun/23 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Interest Rate | 1.36 % | Jul/18 |
| Deposit Interest Rate | 1.76 % | 2021 |
| Foreign Direct Investment | 579 USD Million | 0.579 B USD | 4Q/22 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Unemployment Rate | 8.8 % | 2022 |
| Wages | 1279 PAB/Month | 1281.178 USD/Month | 2021 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 25 % | 2023 |
| Personal Income Tax Rate | 25 % | 2023 |
| Sales Tax Rate | 7 % | 2023 |
| Social Security Rate | 22 % | 2023 |
| Social Security Rate For Companies | 12.25 % | 2023 |
| Social Security Rate For Employees | 9.75 % | 2023 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Industrial Production | 5.92 % | 3Q/22 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Corruption Index | 36 index points | 2022 |
| Corruption Rank | 101 place | 2022 |
| Ease of Doing Business | 86 place | 2019 |
| Competitiveness Index | 61.64 Index Points | 2019 |
| Competitiveness Rank | 66 | 2019 |
| Leading Economic Index | 7.35 % | Jun/23 |
