Panama GDP

The Gross Domestic Product (GDP) in Panama was worth 36.25 billion US dollars in 2012. The GDP value of Panama represents 0.06 percent of the world economy. GDP in Panama is reported by the World Bank. From 1960 until 2012, Panama GDP averaged 7.8 USD Billion reaching an all time high of 36.3 USD Billion in December of 2012 and a record low of 0.4 USD Billion in December of 1960. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page provides - Panama GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-20

Actual Previous Highest Lowest Forecast Dates Unit Frequency
36.25 31.32 36.25 0.42 41.25 | 2013/12 1960 - 2012 USD Billion Yearly

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Panama GDP
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 36.25 2012-12-31 31.32 36.25 0.42 41.25 2013-12-31 USD Billion [+]
GDP Annual Growth Rate 8.90 2013-09-30 7.70 12.20 6.20 5.57 2013-12-31 Percent [+]
GDP per capita 7460.42 2012-12-31 6852.81 7460.42 1830.94 8064.05 2013-12-31 USD [+]
GDP per capita PPP 14320.16 2012-12-31 13153.87 14320.16 5573.66 15505.13 2013-12-31 USD [+]
[+]


GDP | Notes
The gross domestic product (GDP) or gross domestic income (GDI) is one of the measures of national income and output. GDP can be defined in three ways, which should give identical results. First, it is equal to the total expenditures for all final goods and services produced within the country in a specified period of time (usually a 365-day year). Second, it is equal to the sum of the value added at every stage of production by all the industries, plus taxes and minus subsidies on products. Third, it is equal to the sum of the income generated by production like compensation of employees, taxes on production and imports less subsidies, and gross operating surplus.


RELATED NEWS

Panama Inflation Rate at 3.30 Percent  
The inflation rate in Panama was recorded at 3.30 percent in March of 2014. Inflation Rate in Panama is reported by the Instituto Nacional de Estadística y Censo - Panamá.
Panama Current Account at -1001.60 PAB Million  
Panama recorded a Current Account deficit of 1001.60 PAB Million in the fourth quarter of 2013. Current Account in Panama is reported by the Instituto Nacional de Estadística y Censo - Panamá.
Panama Interest Rate at 1.00 Percent  
The benchmark interest rate in Panama was last recorded at 1 percent.
Panama Imports at 5724.60 PAB Million  
Imports in Panama decreased to 5724.60 PAB Million in the fourth quarter of 2013 from 6445.50 PAB Million in the third quarter of 2013. Imports in Panama is reported by the Instituto Nacional de Estadística y Censo - Panamá.
Panama Exports at 3733.90 PAB Million  
Exports in Panama decreased to 3733.90 PAB Million in the fourth quarter of 2013 from 4149.70 PAB Million in the third quarter of 2013. Exports in Panama is reported by the Instituto Nacional de Estadística y Censo - Panamá.
Panama Balance of Trade at -1990.70 PAB Million  
Panama recorded a trade deficit of 1990.70 PAB Million in the fourth quarter of 2013. Balance of Trade in Panama is reported by the Instituto Nacional de Estadística y Censo - Panamá.
Panama Personal Income Tax Rate at 25.00 percent  
The Personal Income Tax Rate in Panama stands at 25 percent. Personal Income Tax Rate in Panama is reported by the General Directorate of Revenues, Panama.
Panama Corporate Tax Rate at 25.00 percent  
The Corporate Tax Rate in Panama stands at 25 percent. Corporate Tax Rate in Panama is reported by the General Directorate of Revenues, Panama.
Panama Sales Tax Rate | VAT at 7.00 Percent  
The Sales Tax Rate in Panama stands at 7 percent. Sales Tax Rate in Panama is reported by the General Directorate of Revenues, Panama.
Panama Government Budget at -4.40 Percent of GDP  
Panama is expected to record a Government Budget deficit equal to 4.40 percent of the country's Gross Domestic Product in 2013. Government Budget in Panama is reported by the Ministry of Finance, Panama.
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