Panama | Economic Forecasts | 2016-2020 Outlook

MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 1.00 1.01 1.02 1.03 1.05 1.2 [+]
Stock Market 418.16 410 405 401 393 331 points [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Annual Growth Rate 4.50 4.7 4.9 4.7 4.8 4.4 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 5.3 5.3 5.3 5.3 5.4 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 1.90 1.7 1.6 1.8 1.9 3.4 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 104.60 105 105 105 106 110 Index Points [+]
Cpi Transportation 103.50 103 101 101 102 102 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 0.58 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 -894143.61 -800000 -800000 -936872 -700000 -600000 PAB Thousand [+]
Exports 48020.52 50000 50000 52985 40000 60000 PAB Thousand [+]
Imports 942164.10 982333 984864 985805 987686 988969 PAB Thousand [+]
Current Account -3098.10 -2059 -1493 -969 -1245 -1385 PAB Million [+]
Current Account to GDP -6.50 -10.12 -9.85 -9.59 -9.33 -8.65 percent [+]
Capital Flows 1098.90 1174 968 1339 1148 1170 PAB Million [+]
Remittances 794.00 758 764 769 775 1012 USD Million [+]
Foreign Direct Investment 4309.47 4079 4167 4256 4344 4577 PAB Million [+]
Terrorism Index 0.00 0.09 0.09 0.1 0.1 0.13 [+]
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 4.95 4.34 4.47 4.5 4.51 4.51 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 38.00 38 37 37 37 38 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 0.71 0.72 0.7 0.7 0.7 0.7 USD/Liter [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 25.00 25 25 25 25 25 percent [+]
Personal Income 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. 3/28/2017