Flag of Panama

Panama Economic Indicators

Latest economic indicators and statistics for Panama.

Indicator Current Value Previous Value Frequency Period
GDP $86.26B $83.32B Yearly 2024
GDP Annual Growth Rate 2.86% 7.4% Yearly 2024
GDP per Capita $17,137.35 $16,872.88 Yearly 2024
GDP per Capita PPP $36,426.01 $35,863.88 Yearly 2024
R&D Expenditure (% GDP) 0.16% 0.18% Yearly 2023
Real GDP $77.39B $75.23B Yearly 2024
Annual Inflation Rate 0.69% 1.49% Yearly 2024
Annual Unemployment Rate 6.52% 6.54% Yearly 2024
Female Labor Force Rate 52.66% 52.69% Yearly 2024
Annual Exports $1.16B $3.37B Yearly 2024
Annual Imports $13.99B $14.52B Yearly 2024
Exports (% GDP) 46.47% 48.12% Yearly 2023
FDI Inflows (% GDP) 3.76% 2.87% Yearly 2024
Imports (% GDP) 43.06% 45.57% Yearly 2023
Net Trade (Goods & Services, BoP) $6.49B $1.98B Yearly 2024
Tariff Rate 5.93% 5.99% Yearly 2022
Trade (% GDP) 89.53% 93.69% Yearly 2023
Private Credit (% GDP) 100.15% 83.33% Yearly 2020
Adult Literacy Rate 96% 95% Yearly 2019
Gini Index 48.9 points 50.9 points Yearly 2023
Happiness Index 6.41 points 6.36 points Yearly 2024
Homicide Rate 12.73 11.64 Yearly 2021
Population 4.52M 4.46M Yearly 2024
Poverty Rate 3.7% 3.3% Yearly 2023
Primary Enrollment Rate 94.55% 100.88% Yearly 2023
Agricultural Land (%) 29.41% 29.41% Yearly 2022
Annual CO2 Emissions 14.02M tonnes 11.36M tonnes Yearly 2023
Forest Area (%) 56.5% 56.65% Yearly 2022
Corruption Control -0.63 points -0.63 points Yearly 2023
Political stability index 0.21 points 0.29 points Yearly 2023
Infant Mortality Rate 10.6 11.1 Yearly 2023
Life Expectancy 79.59 79.32 Yearly 2023
Physicians per 1,000 people 1.73 1.63 Yearly 2021
Electricity Access 97% 95% Yearly 2023
Internet Users 78% 77.7% Yearly 2023
Travel Earnings $1.84B $7.05B Yearly 2020
Visitor Arrivals 647,000 2.49M Yearly 2020