Panama |
Gross domestic product, constant prices |
National currency |
Billions |
Source: National Statistics Office
Latest actual data: 2020
National accounts manual used: System of National Accounts (SNA) 1993
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2007. The deflator in base year 2007 is not exactly 100 because of data splicing. In October 2015 the authorities published new national accounts with a base year of 2007. The new methodology uses chain-linked volume measures as opposed to constant prices. Data for years before 2007 currently do not exist for the re-based series.
Chain-weighted: Yes, from 2007
Primary domestic currency: US dollar
Data last updated: 09/2021
|
43.033 |
35.309 |
39.528 |
41.505 |
43.580 |
45.759 |
48.047 |
50.449 |
2020 |
Panama |
Gross domestic product, constant prices |
Percent change |
|
See notes for:
Gross domestic product, constant prices (National currency).
|
3.040 |
-17.949 |
11.951 |
5.000 |
5.000 |
5.000 |
5.000 |
5.000 |
2020 |
Panama |
Gross domestic product, current prices |
National currency |
Billions |
Source: National Statistics Office
Latest actual data: 2020
National accounts manual used: System of National Accounts (SNA) 1993
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2007. The deflator in base year 2007 is not exactly 100 because of data splicing. In October 2015 the authorities published new national accounts with a base year of 2007. The new methodology uses chain-linked volume measures as opposed to constant prices. Data for years before 2007 currently do not exist for the re-based series.
Chain-weighted: Yes, from 2007
Primary domestic currency: US dollar
Data last updated: 09/2021
|
66.788 |
52.938 |
60.121 |
64.366 |
68.936 |
73.830 |
79.072 |
84.686 |
2020 |
Panama |
Gross domestic product, current prices |
U.S. dollars |
Billions |
See notes for:
Gross domestic product, current prices (National currency).
|
66.788 |
52.938 |
60.121 |
64.366 |
68.936 |
73.830 |
79.072 |
84.686 |
2020 |
Panama |
Gross domestic product, current prices |
Purchasing power parity; international dollars |
Billions |
See notes for:
Gross domestic product, current prices (National currency).
|
139.108 |
115.514 |
133.979 |
144.550 |
155.389 |
166.877 |
179.028 |
191.874 |
2020 |
Panama |
Gross domestic product, deflator |
Index |
|
See notes for:
Gross domestic product, constant prices (National currency)
Gross domestic product, current prices (National currency).
|
155.202 |
149.929 |
152.096 |
155.081 |
158.183 |
161.346 |
164.573 |
167.865 |
2020 |
Panama |
Gross domestic product per capita, constant prices |
National currency |
Units |
See notes for:
Gross domestic product, constant prices (National currency)
Population (Persons).
|
10,200.222 |
8,252.587 |
9,113.349 |
9,442.731 |
9,787.037 |
10,147.165 |
10,523.769 |
10,917.444 |
2020 |
Panama |
Gross domestic product per capita, constant prices |
Purchasing power parity; 2017 international dollar |
Units |
See notes for:
Gross domestic product, constant prices (National currency)
Population (Persons).
|
31,637.967 |
25,596.998 |
28,266.819 |
29,288.459 |
30,356.394 |
31,473.398 |
32,641.511 |
33,862.568 |
2020 |
Panama |
Gross domestic product per capita, current prices |
National currency |
Units |
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).
|
15,830.980 |
12,373.045 |
13,861.061 |
14,643.874 |
15,481.385 |
16,372.064 |
17,319.296 |
18,326.521 |
2020 |
Panama |
Gross domestic product per capita, current prices |
U.S. dollars |
Units |
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).
|
15,830.980 |
12,373.045 |
13,861.061 |
14,643.874 |
15,481.385 |
16,372.064 |
17,319.296 |
18,326.521 |
2020 |
Panama |
Gross domestic product per capita, current prices |
Purchasing power parity; international dollars |
Units |
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).
|
32,973.246 |
26,998.802 |
30,889.244 |
32,886.582 |
34,896.769 |
37,005.509 |
39,212.644 |
41,522.476 |
2020 |
Panama |
Gross domestic product based on purchasing-power-parity (PPP) share of world total |
Percent |
|
See notes for:
Gross domestic product, current prices (National currency).
|
0.103 |
0.088 |
0.093 |
0.093 |
0.094 |
0.096 |
0.097 |
0.099 |
2020 |
Panama |
Implied PPP conversion rate |
National currency per current international dollar |
|
See notes for:
Gross domestic product, current prices (National currency).
|
0.480 |
0.458 |
0.449 |
0.445 |
0.444 |
0.442 |
0.442 |
0.441 |
2020 |
Panama |
Total investment |
Percent of GDP |
|
Source: National Statistics Office
Latest actual data: 2020
National accounts manual used: System of National Accounts (SNA) 1993
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2007. The deflator in base year 2007 is not exactly 100 because of data splicing. In October 2015 the authorities published new national accounts with a base year of 2007. The new methodology uses chain-linked volume measures as opposed to constant prices. Data for years before 2007 currently do not exist for the re-based series.
Chain-weighted: Yes, from 2007
Primary domestic currency: US dollar
Data last updated: 09/2021
|
39.292 |
28.547 |
32.520 |
34.324 |
35.124 |
35.753 |
35.969 |
36.411 |
2020 |
Panama |
Gross national savings |
Percent of GDP |
|
Source: National Statistics Office
Latest actual data: 2020
National accounts manual used: System of National Accounts (SNA) 1993
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2007. The deflator in base year 2007 is not exactly 100 because of data splicing. In October 2015 the authorities published new national accounts with a base year of 2007. The new methodology uses chain-linked volume measures as opposed to constant prices. Data for years before 2007 currently do not exist for the re-based series.
Chain-weighted: Yes, from 2007
Primary domestic currency: US dollar
Data last updated: 09/2021
|
34.302 |
30.876 |
28.831 |
30.871 |
31.856 |
32.719 |
33.150 |
33.764 |
2020 |
Panama |
Inflation, average consumer prices |
Index |
|
Source: National Statistics Office
Latest actual data: 2020
Harmonized prices: No
Frequency of source data: Monthly
Base year: 2013
Primary domestic currency: US dollar
Data last updated: 09/2021
|
104.855 |
103.229 |
104.721 |
106.776 |
108.912 |
111.090 |
113.312 |
115.578 |
2020 |
Panama |
Inflation, average consumer prices |
Percent change |
|
See notes for:
Inflation, average consumer prices (Index).
|
-0.355 |
-1.550 |
1.445 |
1.962 |
2.000 |
2.000 |
2.000 |
2.000 |
2020 |
Panama |
Inflation, end of period consumer prices |
Index |
|
Source: National Statistics Office
Latest actual data: 2020
Harmonized prices: No
Frequency of source data: Monthly
Base year: 2013
Primary domestic currency: US dollar
Data last updated: 09/2021
|
104.599 |
102.951 |
105.010 |
107.110 |
109.253 |
111.438 |
113.666 |
115.940 |
2020 |
Panama |
Inflation, end of period consumer prices |
Percent change |
|
See notes for:
Inflation, end of period consumer prices (Index).
|
-0.064 |
-1.575 |
2.000 |
2.000 |
2.000 |
2.000 |
2.000 |
2.000 |
2020 |
Panama |
Volume of imports of goods and services |
Percent change |
|
Source: National Statistics Office
Latest actual data: 2020
Base year: 1996
Methodology used to derive volumes: Deflation by unit value indexes (from customs data)
Formula used to derive volumes: Laspeyres-type
Chain-weighted: No
Trade System: General trade
Oil coverage: Secondary or refined products;
Valuation of exports: Free on board (FOB)
Valuation of imports: National Statistical Office reports that Imports are FOB, except for those of the Colon Free Zone (which are CIF)
Primary domestic currency: US dollar
Data last updated: 09/2021
|
-8.091 |
-29.359 |
34.157 |
0.497 |
7.595 |
6.109 |
7.202 |
7.144 |
2020 |
Panama |
Volume of Imports of goods |
Percent change |
|
Source: National Statistics Office
Latest actual data: 2020
Base year: 1996
Methodology used to derive volumes: Deflation by unit value indexes (from customs data)
Formula used to derive volumes: Laspeyres-type
Chain-weighted: No
Trade System: General trade
Oil coverage: Secondary or refined products;
Valuation of exports: Free on board (FOB)
Valuation of imports: National Statistical Office reports that Imports are FOB, except for those of the Colon Free Zone (which are CIF)
Primary domestic currency: US dollar
Data last updated: 09/2021
|
-9.888 |
-28.416 |
35.115 |
-0.421 |
7.527 |
5.624 |
7.530 |
7.278 |
2020 |
Panama |
Volume of exports of goods and services |
Percent change |
|
Source: National Statistics Office
Latest actual data: 2020
Base year: 1996
Methodology used to derive volumes: Deflation by unit value indexes (from customs data)
Formula used to derive volumes: Laspeyres-type
Chain-weighted: No
Trade System: General trade
Oil coverage: Secondary or refined products;
Valuation of exports: Free on board (FOB)
Valuation of imports: National Statistical Office reports that Imports are FOB, except for those of the Colon Free Zone (which are CIF)
Primary domestic currency: US dollar
Data last updated: 09/2021
|
-0.299 |
-26.768 |
15.147 |
12.339 |
9.501 |
7.390 |
8.596 |
7.152 |
2020 |
Panama |
Volume of exports of goods |
Percent change |
|
Source: National Statistics Office
Latest actual data: 2020
Base year: 1996
Methodology used to derive volumes: Deflation by unit value indexes (from customs data)
Formula used to derive volumes: Laspeyres-type
Chain-weighted: No
Trade System: General trade
Oil coverage: Secondary or refined products;
Valuation of exports: Free on board (FOB)
Valuation of imports: National Statistical Office reports that Imports are FOB, except for those of the Colon Free Zone (which are CIF)
Primary domestic currency: US dollar
Data last updated: 09/2021
|
-1.976 |
-15.336 |
11.156 |
8.085 |
7.455 |
6.709 |
11.292 |
8.803 |
2020 |
Panama |
Unemployment rate |
Percent of total labor force |
|
Source: National Statistics Office
Latest actual data: 2020
Employment type: National definition
Primary domestic currency: US dollar
Data last updated: 09/2021
|
7.070 |
18.548 |
10.171 |
9.155 |
8.880 |
8.880 |
8.880 |
8.880 |
2020 |
Panama |
Population |
Persons |
Millions |
Source: National Statistics Office
Latest actual data: 2020
Primary domestic currency: US dollar
Data last updated: 09/2021
|
4.219 |
4.279 |
4.337 |
4.395 |
4.453 |
4.510 |
4.566 |
4.621 |
2020 |
Panama |
General government revenue |
National currency |
Billions |
Source: Ministry of Finance or Treasury
Latest actual data: 2020
Notes: Net debt is calculated as the difference between gross debt of the NFPS and assets of Panama's Sovereign Wealth Fund.
Fiscal assumptions: Budget
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2014
Basis of recording: Cash
General government includes: Central Government; State Government; Local Government; Social Security Funds; Nonfinancial Public Corporation;
Valuation of public debt: Nominal value
Instruments included in gross and net debt: Securities Other than Shares; Loans;. Net public debt follows the national definition of net debt, so it is defined as gross debt minus the assets of Panama's sovereign wealth fund (Fondo de Ahorro de Panama).
Primary domestic currency: US dollar
Data last updated: 09/2021
|
12.383 |
9.808 |
11.396 |
13.547 |
14.664 |
15.911 |
17.113 |
18.214 |
2020 |
Panama |
General government revenue |
Percent of GDP |
|
See notes for:
General government revenue (National currency).
|
18.541 |
18.527 |
18.955 |
21.047 |
21.272 |
21.551 |
21.642 |
21.508 |
2020 |
Panama |
General government total expenditure |
National currency |
Billions |
Source: Ministry of Finance or Treasury
Latest actual data: 2020
Notes: Net debt is calculated as the difference between gross debt of the NFPS and assets of Panama's Sovereign Wealth Fund.
Fiscal assumptions: Budget
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2014
Basis of recording: Cash
General government includes: Central Government; State Government; Local Government; Social Security Funds; Nonfinancial Public Corporation;
Valuation of public debt: Nominal value
Instruments included in gross and net debt: Securities Other than Shares; Loans;. Net public debt follows the national definition of net debt, so it is defined as gross debt minus the assets of Panama's sovereign wealth fund (Fondo de Ahorro de Panama).
Primary domestic currency: US dollar
Data last updated: 09/2021
|
14.768 |
15.130 |
15.836 |
16.098 |
16.713 |
17.407 |
18.315 |
19.526 |
2020 |
Panama |
General government total expenditure |
Percent of GDP |
|
See notes for:
General government total expenditure (National currency).
|
22.112 |
28.580 |
26.340 |
25.011 |
24.244 |
23.577 |
23.163 |
23.057 |
2020 |
Panama |
General government net lending/borrowing |
National currency |
Billions |
Source: Ministry of Finance or Treasury
Latest actual data: 2020
Notes: Net debt is calculated as the difference between gross debt of the NFPS and assets of Panama's Sovereign Wealth Fund.
Fiscal assumptions: Budget
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2014
Basis of recording: Cash
General government includes: Central Government; State Government; Local Government; Social Security Funds; Nonfinancial Public Corporation;
Valuation of public debt: Nominal value
Instruments included in gross and net debt: Securities Other than Shares; Loans;. Net public debt follows the national definition of net debt, so it is defined as gross debt minus the assets of Panama's sovereign wealth fund (Fondo de Ahorro de Panama).
Primary domestic currency: US dollar
Data last updated: 09/2021
|
-2.385 |
-5.322 |
-4.440 |
-2.551 |
-2.049 |
-1.496 |
-1.203 |
-1.312 |
2020 |
Panama |
General government net lending/borrowing |
Percent of GDP |
|
See notes for:
General government net lending/borrowing (National currency).
|
-3.572 |
-10.053 |
-7.385 |
-3.964 |
-2.972 |
-2.026 |
-1.521 |
-1.549 |
2020 |
Panama |
General government structural balance |
National currency |
Billions |
Source: Ministry of Finance or Treasury
Latest actual data: 2020
Notes: Net debt is calculated as the difference between gross debt of the NFPS and assets of Panama's Sovereign Wealth Fund.
Fiscal assumptions: Budget
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2014
Basis of recording: Cash
General government includes: Central Government; State Government; Local Government; Social Security Funds; Nonfinancial Public Corporation;
Valuation of public debt: Nominal value
Instruments included in gross and net debt: Securities Other than Shares; Loans;. Net public debt follows the national definition of net debt, so it is defined as gross debt minus the assets of Panama's sovereign wealth fund (Fondo de Ahorro de Panama).
Primary domestic currency: US dollar
Data last updated: 09/2021
|
-3.231 |
-3.708 |
-3.691 |
-1.965 |
-1.706 |
-1.444 |
-1.203 |
-1.312 |
2020 |
Panama |
General government structural balance |
Percent of potential GDP |
|
See notes for:
General government structural balance (National currency).
|
-5.193 |
-6.187 |
-5.995 |
-3.043 |
-2.478 |
-1.956 |
-1.521 |
-1.549 |
2020 |
Panama |
General government primary net lending/borrowing |
National currency |
Billions |
Source: Ministry of Finance or Treasury
Latest actual data: 2020
Notes: Net debt is calculated as the difference between gross debt of the NFPS and assets of Panama's Sovereign Wealth Fund.
Fiscal assumptions: Budget
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2014
Basis of recording: Cash
General government includes: Central Government; State Government; Local Government; Social Security Funds; Nonfinancial Public Corporation;
Valuation of public debt: Nominal value
Instruments included in gross and net debt: Securities Other than Shares; Loans;. Net public debt follows the national definition of net debt, so it is defined as gross debt minus the assets of Panama's sovereign wealth fund (Fondo de Ahorro de Panama).
Primary domestic currency: US dollar
Data last updated: 09/2021
|
-1.280 |
-4.064 |
-2.960 |
-1.046 |
-0.526 |
0.080 |
0.450 |
0.410 |
2020 |
Panama |
General government primary net lending/borrowing |
Percent of GDP |
|
See notes for:
General government primary net lending/borrowing (National currency).
|
-1.917 |
-7.677 |
-4.924 |
-1.625 |
-0.763 |
0.109 |
0.569 |
0.484 |
2020 |
Panama |
General government net debt |
National currency |
Billions |
Source: Ministry of Finance or Treasury
Latest actual data: 2020
Notes: Net debt is calculated as the difference between gross debt of the NFPS and assets of Panama's Sovereign Wealth Fund.
Fiscal assumptions: Budget
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2014
Basis of recording: Cash
General government includes: Central Government; State Government; Local Government; Social Security Funds; Nonfinancial Public Corporation;
Valuation of public debt: Nominal value
Instruments included in gross and net debt: Securities Other than Shares; Loans;. Net public debt follows the national definition of net debt, so it is defined as gross debt minus the assets of Panama's sovereign wealth fund (Fondo de Ahorro de Panama).
Primary domestic currency: US dollar
Data last updated: 09/2021
|
19.451 |
22.995 |
27.435 |
29.987 |
32.035 |
33.531 |
34.734 |
36.046 |
2020 |
Panama |
General government net debt |
Percent of GDP |
|
See notes for:
General government net debt (National currency).
|
29.124 |
43.438 |
45.634 |
46.588 |
46.471 |
45.416 |
43.926 |
42.564 |
2020 |
Panama |
General government gross debt |
National currency |
Billions |
Source: Ministry of Finance or Treasury
Latest actual data: 2020
Notes: Net debt is calculated as the difference between gross debt of the NFPS and assets of Panama's Sovereign Wealth Fund.
Fiscal assumptions: Budget
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2014
Basis of recording: Cash
General government includes: Central Government; State Government; Local Government; Social Security Funds; Nonfinancial Public Corporation;
Valuation of public debt: Nominal value
Instruments included in gross and net debt: Securities Other than Shares; Loans;. Net public debt follows the national definition of net debt, so it is defined as gross debt minus the assets of Panama's sovereign wealth fund (Fondo de Ahorro de Panama).
Primary domestic currency: US dollar
Data last updated: 09/2021
|
28.184 |
35.087 |
37.389 |
39.367 |
41.799 |
43.655 |
45.250 |
46.957 |
2020 |
Panama |
General government gross debt |
Percent of GDP |
|
See notes for:
General government gross debt (National currency).
|
42.200 |
66.280 |
62.190 |
61.161 |
60.634 |
59.128 |
57.226 |
55.448 |
2020 |
Panama |
Gross domestic product corresponding to fiscal year, current prices |
National currency |
Billions |
Source: Ministry of Finance or Treasury
Latest actual data: 2020
Notes: Net debt is calculated as the difference between gross debt of the NFPS and assets of Panama's Sovereign Wealth Fund.
Fiscal assumptions: Budget
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2014
Basis of recording: Cash
General government includes: Central Government; State Government; Local Government; Social Security Funds; Nonfinancial Public Corporation;
Valuation of public debt: Nominal value
Instruments included in gross and net debt: Securities Other than Shares; Loans;. Net public debt follows the national definition of net debt, so it is defined as gross debt minus the assets of Panama's sovereign wealth fund (Fondo de Ahorro de Panama).
Primary domestic currency: US dollar
Data last updated: 09/2021
|
66.788 |
52.938 |
60.121 |
64.366 |
68.936 |
73.830 |
79.072 |
84.686 |
2020 |
Panama |
Current account balance |
U.S. dollars |
Billions |
Source: National Statistics Office
Latest actual data: 2020
BOP Manual used: Balance of Payments and International Investment Position Manual, sixth edition (BPM6). IMF Staff reports identify public sector flows in the financial account
Primary domestic currency: US dollar
Data last updated: 09/2021
|
-3.333 |
1.233 |
-2.218 |
-2.223 |
-2.252 |
-2.240 |
-2.229 |
-2.242 |
2020 |
Panama |
Current account balance |
Percent of GDP |
|
See notes for:
Gross domestic product, current prices (National currency)
Current account balance (U.S. dollars).
|
-4.990 |
2.329 |
-3.689 |
-3.453 |
-3.268 |
-3.035 |
-2.819 |
-2.648 |
2020 |