Panama Economic Statistics and Indicators

25, Feb 2018, EST. Welcome to the Panama economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Panama › Change country
National or Regional Currency: Balboa, PAB
Year of data: 2015 › Change year
Number of Indicators Listed: 38
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 3,608,431 (July 2014 est.)
Area: total: 75,420 sq km ; land: 74,340 sq km ; water: 1,080 sq km
Natural Resources: copper, mahogany forests, shrimp, hydropower
Capital: name: Panama City ; geographic coordinates: 8 58 N, 79 32 W ; time difference: UTC-5 (same time as Washington, DC, during Standard Time)

Panama's dollar-based economy rests primarily on a well-developed services sector that accounts for more than three-quarters of GDP. Services include operating the Panama Canal, logistics, banking, the Colon Free Zone, insurance, container ports, flagship registry, and tourism. Economic growth will be bolstered by the Panama Canal expansion project that began in 2007 and is estimated to be completed by 2015 at a cost of $5.3 billion - about 10-15% of current GDP. The expansion project will more than double the Canal's capacity, enabling it to accommodate ships that are too large to traverse the existing canal. The United States and China are the top users of the Canal. Panama is also constructing a metro system in Panama City, valued at $1.2 billion and scheduled to be completed by 2014. Panama's booming transportation and logistics services sectors, along with aggressive infrastructure development projects, have lead the economy to continued high growth in 2012. Foreign investment, at around 10% of GDP in both 2011 and 2012, has continued to be a source of growth. Strong economic performance has not translated into broadly shared prosperity, as Panama has the second worst income distribution in Latin America. About one-fourth of the population lives in poverty; however, from 2006 to 2012 poverty was reduced by 10 percentage points, while unemployment dropped from 12% to 4.5% of the labor force in 2013. The US-Panama Trade Promotion Agreement was approved by Congress and signed into law in October 2011, and entered into force in October 2012. Panama also achieved removal from the Organization of Economic Development's gray-list of tax havens by signing various double taxation treaties with other nations.
More on the Panama Economy
More on the Panama Export, Import and Trade

Economic Indicator Listing
  For Panama in year 2015 Indicator Value
GDP Growth (Constant Prices, National Currency) 5.777 %
GDP (Current Prices, National Currency)PAB 52.132 Billion.
GDP (Current Prices, US Dollars)US$ 52.132 Billion
GDP Deflator 145.9 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)PAB 8,918.84 .
GDP Per Capita (Current Prices, National Currency)PAB 13,012.56 .
GDP Per Capita (Current Prices, US Dollars)US$ 13,012.56
GDP (PPP), US DollarsUS$ 87.196 Billion
GDP Per Capita (PPP), US DollarsUS$ 21,764.65
GDP Share of World Total (PPP) 0.077 %
Implied PPP Conversion Rate 0.598
Investment (% of GDP) 48 %
Gross National Savings (% of GDP) 41.522 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 102.767 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) 0.134 %
Inflation, End of Year (Indexed to Year 2000) 102.5 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) 0.294 %
Import Volume of All Items Including Goods and Services (Percent Change) 5.898 %
Import Volumes of Goods Only (Percent Change) 2.667 %
Export Volume of All Items Including Goods and Services (Percent Change) 2.082 %
Export Volumes of Goods Only (Percent Change) -2.547 %
Unemployment Rate (% of Labour Force) 5.052 %
Population 4.006 Million
General government revenue (National Currency)PAB 10.62 Billions.
General government revenue (% of GDP) 20.372 %
General government total expenditure (National Currency)PAB 12.074 Billions.
General government total expenditure (% of GDP) 23.16 %
Total Government Net Lending/ Borrowing (National Currency)PAB -1.453 Billions.
Total Government Net Lending/ Borrowing (% of GDP) -2.787 %
General Government Structural Balance (National Currency)PAB -0.486 Billion.
General Government Structural Balance (% Potential GDP) -0.927 %
Fiscal Year Gross Domestic Product, Current PricesPAB 52.132 Billions.
Current Account Balance (US Dollars)US$ -3.377 Billion
Current Account Balance (% GDP) -6.478 %
Economic Indicators for Panama 2015

GDP (Constant Prices, National Currency) for Panama in year 2015 is PAB 35.732 Billion.

GDP Growth (Constant Prices, National Currency) for Panama in year 2015 is 5.777 %.

GDP (Current Prices, National Currency) for Panama in year 2015 is PAB 52.132 Billion.

GDP (Current Prices, US Dollars) for Panama in year 2015 is US$ 52.132 Billion.

GDP Deflator for Panama in year 2015 is 145.9 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Panama in year 2015 is PAB 8,918.84 .

GDP Per Capita (Current Prices, National Currency) for Panama in year 2015 is PAB 13,012.56 .

GDP Per Capita (Current Prices, US Dollars) for Panama in year 2015 is US$ 13,012.56 .

GDP (PPP), US Dollars for Panama in year 2015 is US$ 87.196 Billion.

GDP Per Capita (PPP), US Dollars for Panama in year 2015 is US$ 21,764.65 .

GDP Share of World Total (PPP) for Panama in year 2015 is 0.077 %.

Implied PPP Conversion Rate for Panama in year 2015 is 0.598 .

Investment (% of GDP) for Panama in year 2015 is 48 %.

Gross National Savings (% of GDP) for Panama in year 2015 is 41.522 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Panama in year 2015 is 102.767 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Panama in year 2015 is 0.134 %.

Inflation, End of Year (Indexed to Year 2000) for Panama in year 2015 is 102.5 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Panama in year 2015 is 0.294 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Panama in year 2015 is 5.898 %.

Import Volumes of Goods Only (Percent Change) for Panama in year 2015 is 2.667 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Panama in year 2015 is 2.082 %.

Export Volumes of Goods Only (Percent Change) for Panama in year 2015 is -2.547 %.

Unemployment Rate (% of Labour Force) for Panama in year 2015 is 5.052 %.

Population for Panama in year 2015 is 4.006 Million .

General government revenue (National Currency) for Panama in year 2015 is PAB 10.62 Billions.

General government revenue (% of GDP) for Panama in year 2015 is 20.372 %.

General government total expenditure (National Currency) for Panama in year 2015 is PAB 12.074 Billions.

General government total expenditure (% of GDP) for Panama in year 2015 is 23.16 %.

Total Government Net Lending/ Borrowing (National Currency) for Panama in year 2015 is PAB -1.453 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Panama in year 2015 is -2.787 %.

General Government Structural Balance (National Currency) for Panama in year 2015 is PAB -0.486 Billion.

General Government Structural Balance (% Potential GDP) for Panama in year 2015 is -0.927 %.

Fiscal Year Gross Domestic Product, Current Prices for Panama in year 2015 is PAB 52.132 Billions.

Current Account Balance (US Dollars) for Panama in year 2015 is US$ -3.377 Billion.

Current Account Balance (% GDP) for Panama in year 2015 is -6.478 %.

* Source: IMF
Aggregate Indicators for Panama
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Panama
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Panama
  Natural Resources, Agricultural Products, Land Use and Water Use for Panama
  Nationality, Ethnic Groups, Languages and Religions for Panama
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Panama
  Age Structure, Median Age, Gender and Urbanization for Panama
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Panama
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Panama
  HIV, AIDS and Other Major Infectious Disease Rates for Panama
  Literacy Rate, Educational Expenditure and School Life Expectancy for Panama
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Panama
  Industries and Industrial Growth Production Rate for Panama
  Labor Force by Occupation for Panama
  Poverty Line, Gini Index, Household Income and Consumption for Panama
  National Budget and Public Debt for Panama
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Panama
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Panama
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Panama
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Panama
  Foreign Exchange Reserves and Gold Reserves for Panama
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Panama
  Exchange Rate Statistics for Panama
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Panama
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Panama
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Panama
  Television and Radio Statistics (TV Stats, Radio Stats) for Panama
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Panama
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Panama
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Panama
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Panama
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Panama
* Source: CIA
Internet Indicators for Panama
Indicators
  Number of Internet Users for Panama
  Internet Penetration Rate for Panama
  Number of Facebook Accounts for Panama
  Facebook Penetration Rate for Panama
* Source: IWS
Economic Freedom Indicators for Panama
Indicators
  Economic Freedom World Rank for Panama
  Government Spending for Panama
  Monetary Freedom for Panama
  Investment Freedom for Panama
  Financial Freedom for Panama
  Property Rights for Panama
  Economic Freedom Regional Ranking for Panama
  Freedom from Corruption for Panama
  Labor Freedom for Panama
  Tariff Rate for Panama
  Income Tax Rate for Panama
  Corporate Tax Rate for Panama
  Tax Burden % of GDP for Panama
  Government Expenditure % of GDP for Panama
  Business Freedom for Panama
  Trade Freedom for Panama
  Fiscal Freedom for Panama
  2016 Score for Panama
* Source: HFO
Panama Economic Indicators in other Years
  Panama Economic Indicators for Year 2021 (Forecast)
  Panama Economic Indicators for Year 2020 (Forecast)
  Panama Economic Indicators for Year 2019 (Forecast)
  Panama Economic Indicators for Year 2018 (Forecast)
  Panama Economic Indicators for Year 2017 (Forecast)
  Panama Economic Indicators for Year 2016 (Forecast)
Panama Economic Indicators for Year 2015 (Current)
  Panama Economic Indicators for Year 2014
  Panama Economic Indicators for Year 2013
  Panama Economic Indicators for Year 2012
  Panama Economic Indicators for Year 2011
  Panama Economic Indicators for Year 2010
  Panama Economic Indicators for Year 2009
  Panama Economic Indicators for Year 2008
  Panama Economic Indicators for Year 2007
  Panama Economic Indicators for Year 2006
  Panama Economic Indicators for Year 2005
  Panama Economic Indicators for Year 2004
  Panama Economic Indicators for Year 2003
  Panama Economic Indicators for Year 2002
  Panama Economic Indicators for Year 2001
  Panama Economic Indicators for Year 2000
  Panama Economic Indicators for Year 1999
  Panama Economic Indicators for Year 1998
  Panama Economic Indicators for Year 1997
  Panama Economic Indicators for Year 1996
  Panama Economic Indicators for Year 1995
  Panama Economic Indicators for Year 1994
  Panama Economic Indicators for Year 1993
  Panama Economic Indicators for Year 1992
  Panama Economic Indicators for Year 1991
  Panama Economic Indicators for Year 1990
  Panama Economic Indicators for Year 1989
  Panama Economic Indicators for Year 1988
  Panama Economic Indicators for Year 1987
  Panama Economic Indicators for Year 1986
  Panama Economic Indicators for Year 1985
  Panama Economic Indicators for Year 1984
  Panama Economic Indicators for Year 1983
  Panama Economic Indicators for Year 1982
  Panama Economic Indicators for Year 1981
  Panama Economic Indicators for Year 1980


Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International