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 Trade Zone, insurance, container ports, flagship registry, and tourism and Panama is a center for offshore banking. Panama's transportation and logistics services sectors, along with infrastructure development projects, have boosted economic growth; however, public debt surpassed $37 billion in 2016 because of excessive government spending and public works projects....
GDP | Reference | Last | Previous | Units | Frequency |
---|---|---|---|---|---|
Private Consumption | 2019 | 34,357 | 33,234 | Mil. PAB | Annual |
Real Private Consumption | 2019 | 22,034 | 21,311 | Mil. 2007 PAB | Annual |
Real Government Consumption | 2019 | 4,956 | 4,743 | Mil. 2007 PAB | Annual |
Nominal Gross Domestic Product | 2019 | 66,787 | 64,928 | Mil. PAB | Annual |
Real Gross Domestic Product | 2019 | 43,032 | 41,763 | Mil. 2007 PAB | Annual |
Investment | 2019 | 26,242 | 26,914 | Mil. PAB | Annual |
Government Consumption | 2019 | 7,982 | 7,575 | Mil. PAB | Annual |
Real Investment | 2019 | 18,858 | 19,854 | Mil. 2007 PAB | Annual |
Real Fixed Investment (gross fixed capital formation) | 2019 | 17,648 | 18,126 | Mil. 2007 PAB | Annual |
Nominal Fixed Investment (gross fixed capital formation) | 2019 | 24,964 | 25,087 | Mil. PAB | Annual |
Price | Reference | Last | Previous | Units | Frequency |
Consumer Price Index (CPI) | Oct 2020 | 102.74 | 102.89 | Index 2013=100, NSA | Monthly |
Producer Price Index (PPI) | 2016 Q4 | 109.67 | 108.21 | Index 2005=100 | Quarterly |
Wholesale Price Index | 2016 | 176.5 | 177.98 | 1987=100 | Annual |
Labor | Reference | Last | Previous | Units | Frequency |
Wage & Salaries | 2019 | 17,855 | 16,992 | Mil. PAB | Annual |
Labor Force | 2019 | 2,066 | 1,986 | Ths. | Annual |
Unemployment | 2019 | 146.11 | 118.34 | Ths. | Annual |
Unemployment Rate | 2019 | 7.1 | 6 | % | Annual |
Labor Force Employment | 2019 | 1,920 | 1,868 | Ths. | Annual |
Agriculture Employment | 2017 | 300,651 | 300,062 | # | Annual |
Primary Industries Employment | 2012 | 33,230 | 30,446 | # | Annual |
Total Employment | 2012 | 687,505 | 644,251 | # | Annual |
Trade | Reference | Last | Previous | Units | Frequency |
Current Account Balance | 2020 Q3 | 17.8 | 143.3 | Mil. PAB, NSA | Quarterly |
Balance of Goods | 2020 Q2 | -631,622,900 | -907,536,865 | USD, NSA | Quarterly |
Real Imports of Goods and Services | 2019 | 26,655 | 27,571 | Mil. 2007 PAB | Annual |
Real Net Exports | 2019 | -2,961 | -3,844 | Mil. 2007 PAB | Annual |
Real Exports of Goods and Services | 2019 | 23,694 | 23,726 | Mil. 2007 PAB | Annual |
Imports of Goods and Services | 2019 | 29,002 | 30,515 | Mil. PAB | Annual |
Exports of Goods and Services | 2019 | 27,208 | 27,719 | Mil. PAB | Annual |
Net Exports | 2019 | -1,794 | -2,796 | Mil. PAB | Annual |
Imports of Goods | 2018 | 23,005 | 21,938 | Mil. USD | Annual |
Exports of Goods | 2018 | 11,480 | 11,092 | Mil. USD | Annual |
Government | Reference | Last | Previous | Units | Frequency |
Government Expenditures | 2019 | 13,335 | 12,066 | Mil. PAB | Annual |
Government Revenues | 2019 | 13,336 | 12,335 | Mil. PAB | Annual |
Government Budget Balance | 2019 | 0.54 | 268.31 | Mil. PAB | Annual |
Markets | Reference | Last | Previous | Units | Frequency |
Money Market Rate | Nov 2020 | 0.44 | 0.5 | % p.a., NSA | Monthly |
Average Long-term Government Bond | 2020 Q3 | 22,026 | 19,768 | Mil. USD, NSA | Quarterly |
Lending Rate | 2017 | 7.52 | 7.53 | % | Annual |
Real Estate | Reference | Last | Previous | Units | Frequency |
Non-residential Building Permits | 2016 | 562 | 622 | # | Annual |
Residential Building Permits | 2016 | 15,341 | 18,439 | # | Annual |
Building Permits | 2016 | 15,903 | 19,061 | # | Annual |
Dwelling Stocks | 2010 | 896,050 | # | Annual | |
Consumer | Reference | Last | Previous | Units | Frequency |
Personal Income | 2018 | 41,804 | 40,315 | Mil. 2007 PAB | Annual |
Business | Reference | Last | Previous | Units | Frequency |
Industrial Production | Jun 2020 | 131.27 | 113.26 | 2001=100, NSA | Monthly |
Change in Inventories | 2019 | 1,277 | 1,827 | Mil. PAB | Annual |
Real Change in Inventories | 2019 | 1,210 | 1,728 | Mil. 2007 PAB | Annual |
Demographics | Reference | Last | Previous | Units | Frequency |
Births | 2019 | 72,456 | 76,863 | # | Annual |
Deaths | 2018 | 19,720 | 19,482 | # | Annual |
Population | 2018 | 4,158,783 | 4,098,135 | # | Annual |
Net Migration | 2017 | 31,448 | # | Annual | |
Birth Rate | 2016 | 19.53 | 19.85 | # per Ths. pop. | Annual |
Death Rate | 2016 | 5.02 | 5 | # per Ths. pop. | Annual |