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COUNTRY OUTLOOK / PA

Panama

Foreign currency no independent policy rate · ISO:PA

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Separate policy frameworkTarget · 31 Oct 2026Issued · 15 Sep 2026, 02:54 UTCRESEARCH ONLY
CapitalPanama City
RegionLatin America & Caribbean
Income groupHigh income
CurrencyUnited States dollar
GDP$90.46B2025 · current US$
Real GDP growth4.35%2025 · annual %
Population4.57M2025 · people
GDP per capita$19,789.732025 · current US$

Latest available annual observations; years differ by indicator. Monetary values use the stated current-price basis and are not forecasts. World Bank data fetched 2026-09-15.

Economic structure

2025 · share of GDP

Broad sectors use the latest common year. Manufacturing is included in industry. Shares can total less than 100% because of taxes and accounting adjustments.

Panama's largest reported broad sector is services in 2025.

Monetary & research context

Policy authorityISO:PA
Policy frameworkforeign currency no independent policy rate
Native targetdomestic rate pass through
Decision evidence0
Calendar evidence0
Communication records0

Evidence counts include research inputs; they do not establish live coverage or independent observations. A country's economic composition is descriptive and does not establish what caused a model forecast.

Country events & results ↗

Explore annual trends

Real GDP growth

4.35% · 2025 · annual %

Real GDP growth · annual %-17.82%-0.68%16.47%2014: 4.62581375565551 annual %2015: 5.26691719595516 annual %2016: 4.57196707937275 annual %2017: 5.7440594635578 annual %2018: 3.91824253321265 annual %2019: 3.10295395631086 annual %2020: -17.8211174074602 annual %2021: 16.4669992022652 annual %2022: 11.0386022908773 annual %2023: 7.16634016390665 annual %2024: 2.74784148771307 annual %2025: 4.35030460627731 annual %20142025
View annual observations
YearValue (annual %)
20254.350
20242.748
20237.166
202211.039
202116.467
2020-17.821
20193.103
20183.918
20175.744
20164.572
20155.267
20144.626
World Bank source & definition ↗

Economy

GDP$90.46B2025 · current US$Source & definition ↗
Real GDP growth4.35%2025 · annual %Source & definition ↗
GDP per capita$19,789.732025 · current US$Source & definition ↗
GDP at purchasing power parityInt$ 200.69B2025 · current international $Source & definition ↗

People

Population4.57M2025 · peopleSource & definition ↗
Population growth1.22%2025 · annual %Source & definition ↗
Urban population66.15%2025 · % of populationSource & definition ↗
Life expectancy79.782024 · yearsSource & definition ↗
Unemployment · ILO estimate8.36%2025 · % of labor forceSource & definition ↗
Labor force participation · ages 15+66.30%2025 · % of population ages 15+Source & definition ↗

Sectors

Agriculture, forestry & fishing2.62%2025 · % of GDPSource & definition ↗
Industry including construction24.90%2025 · % of GDPSource & definition ↗
Services70.02%2025 · % of GDPSource & definition ↗
Manufacturing4.80%2025 · % of GDPSource & definition ↗

Trade & investment

Exports of goods & services44.36%2024 · % of GDPSource & definition ↗
Imports of goods & services39.32%2024 · % of GDPSource & definition ↗
Current account balance-0.19%2025 · % of GDPSource & definition ↗
Foreign direct investment · net inflows1.04%2025 · % of GDPSource & definition ↗

Money & public finance

Consumer inflation-0.19%2025 · annual %Source & definition ↗
Central government debtNot available% of GDP
Tax revenue7.18%2024 · % of GDPSource & definition ↗
Government cash surplus / deficitNot available% of GDP
Domestic credit to private sector100.15%2020 · % of GDPSource & definition ↗
Total reserves including gold$6.24B2025 · current US$Source & definition ↗

Infrastructure

Internet use72.77%2024 · % of populationSource & definition ↗
Access to electricity96.00%2024 · % of populationSource & definition ↗

Geography

Surface area75,3202023 · square kmSource & definition ↗

Government debt covers central government, which can differ substantially from general-government debt. Indicator definitions, estimation methods and coverage differ. Latest available does not mean current-year: older observations remain explicitly dated. Source: World Bank WDI and its underlying contributors.

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Every forecast has a boundary.This is a dated research snapshot, not an automatically updating market feed. Source gaps, model limitations, and adverse results are retained.

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