Panama | Economic Forecasts | 2016-2020 Outlook

MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 1.00 1.01 1.02 1.03 1.04 1.2 [+]
Stock Market 415.37 405 401 397 393 328 points [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Annual Growth Rate 5.20 5 4.8 4.9 4.7 4.6 percent [+]
GDP 52.13 54.5 58.04 58.04 57.28 66.25 USD Billion [+]
GDP per capita 10750.94 11120 11220 11220 11608 13200 USD [+]
GDP per capita PPP 20885.34 21748 21995 22242 22489 25593 USD [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 5.60 5.18 5.48 5.63 5.77 5.8 percent [+]
Population 3.91 3.97 3.99 4.01 4.02 4.31 Million [+]
Wages 1042.00 1153 1177 1201 1224 1561 PAB/Month [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 1.40 0.4 0.5 0.6 0.7 3.2 percent [+]
Inflation Rate Mom 0.10 0.07 0.06 0.07 0.07 0.07 percent [+]
Food Inflation 0.90 0.91 0.86 0.85 0.85 0.85 percent [+]
Consumer Price Index Cpi 104.00 104 103 104 104 104 Index Points [+]
Cpi Transportation 102.10 102 102 101 101 101 Index Points [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 0.54 0.75 0.75 0.75 0.75 2.25 percent [+]
Deposit Interest Rate 2.14 1.89 1.92 1.95 1.98 1.95 percent [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade -893332.80 -800000 -800000 -800000 -932164 -600000 PAB Thousand [+]
Exports 55150.38 55000 50000 50000 56653 60000 PAB Thousand [+]
Imports 948483.20 963819 986258 990663 989324 987571 PAB Thousand [+]
Current Account -585.40 -626 -889 -822 -585 -678 PAB Million [+]
Current Account to GDP -6.50 -9.33 -9.3 -9.26 -9.22 -8.65 percent [+]
Capital Flows 944.82 989 926 971 975 979 PAB Million [+]
Remittances 794.00 775 771 768 764 1012 USD Million [+]
Terrorism Index 0.00 0.1 0.11 0.13 0.14 0.13 [+]
Foreign Direct Investment 4309.47 4344 4367 4389 4412 4577 PAB Million [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 39.10 40.29 40.44 40.6 40.75 44.17 percent [+]
Government Budget -3.90 -2.94 -2.7 -2.46 -2.22 -2.03 percent of GDP [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Industrial Production -2.80 -2.98 -2.68 -2.66 -2.67 -2.67 percent [+]
Leading Economic Index 4.09 3.88 3.83 3.81 3.81 3.81 percent [+]
Ease of Doing Business 70.00 64.83 65.23 65.44 65.64 64.05 [+]
Competitiveness Index 4.51 4.37 4.37 4.37 4.37 4.51 Points [+]
Competitiveness Rank 42.00 48.35 48.35 48.35 48.35 48.09 [+]
Corruption Index 39.00 35 34.86 34.73 34.6 34.82 Points [+]
Corruption Rank 72.00 69.17 69.56 69.94 70.32 74.98 [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Gasoline Prices 0.64 0.61 0.61 0.61 0.61 0.61 USD/Liter [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Personal Income Tax Rate 25.00 25 25 25 25 25 percent [+]
Corporate 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 22.25 22.25 22.25 22.25 22.25 percent [+]
Social Security Rate For Companies 12.50 12.5 12.5 12.5 12.5 12.5 percent [+]
Social Security Rate For Employees 9.75 9.75 9.75 9.75 9.75 9.75 percent [+]





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. 12/11/2016