Panama | Economic Forecasts | 2016-2020 Outlook

MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 1.00 1.02 1.03 1.04 1.05 1.2 [+]
Stock Market 412.38 404 400 396 392 330 points [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Annual Growth Rate 4.80 4.8 4.9 4.7 4.8 4.6 percent [+]
GDP 52.13 58.04 58.04 54.57 54.99 66.25 USD Billion [+]
GDP per capita 10750.94 11220 11220 11116 11220 13200 USD [+]
GDP per capita PPP 20885.34 21095 21313 21530 21748 25593 USD [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 5.60 5.33 5.48 5.63 5.77 5.8 percent [+]
Population 3.98 3.99 4.01 4.03 4.04 4.31 Million [+]
Wages 1238.00 1079 1104 1128 1153 1561 PAB/Month [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 1.60 0.5 0.6 0.7 1 3.2 percent [+]
Inflation Rate Mom 0.30 0.12 0.05 0.07 0.06 0.06 percent [+]
Food Inflation 0.70 0.66 0.65 0.65 0.65 0.65 percent [+]
Consumer Price Index Cpi 104.30 104 104 104 104 104 Index Points [+]
Cpi Transportation 103.60 103 101 101 102 102 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 0.48 0.75 0.75 0.75 1 2.25 percent [+]
Deposit Interest Rate 2.14 2.32 2.18 2.03 1.89 1.95 percent [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -1009640.52 -800000 -800000 -991428 -700000 -600000 PAB Thousand [+]
Exports 45377.87 50000 50000 53502 40000 60000 PAB Thousand [+]
Imports 1055018.40 1050987 1042345 1038684 1037298 1038108 PAB Thousand [+]
Current Account -1279.80 -626 -889 -822 -585 -678 PAB Million [+]
Current Account to GDP -6.50 -10.12 -9.85 -9.59 -9.33 -8.65 percent [+]
Capital Flows 2137.10 1192 987 1338 1180 1188 PAB Million [+]
Remittances 794.00 758 764 769 775 1012 USD Million [+]
Terrorism Index 0.00 0.09 0.09 0.1 0.1 0.13 [+]
Foreign Direct Investment 4309.47 4079 4167 4256 4344 4577 PAB Million [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 39.10 37.67 38.54 39.41 40.29 44.17 percent [+]
Government Budget -3.90 -2.61 -2.72 -2.83 -2.94 -2.03 percent of GDP [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Industrial Production -3.60 -3.01 -3.71 -2.46 -3.87 -3.39 percent [+]
Leading Economic Index 4.64 3.87 3.86 3.85 3.85 3.85 percent [+]
Ease of Doing Business 70.00 65.03 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 34.99 34.99 34.99 35 34.82 Points [+]
Corruption Rank 87.00 80.89 76.99 73.08 69.17 74.98 [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Gasoline Prices 0.73 0.74 0.72 0.72 0.72 0.72 USD/Liter [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 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. 2/20/2017