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Macro

Panama

Latin America & Caribbean · High income · IMF WEO April 2026 · World Bank WDI

GDP▲ 4.6%
Current prices2025
90USD bn
GDP per capita▲ 3.3%
Current prices2025
19,814USD
Real GDP growth▲ 1.6 pp
Annual change2025
4.4%
Inflation▼ 0.7 pp
Average consumer prices2025
0.0%
Unemployment▲ 0.9 pp
Rate2025
10.4%
Government debt▼ 1.2 pp
General government, gross2025
56.6% of GDP
Current account▼ 0.4 pp
Balance2025
0.3% of GDP
Population▲ 1.2%
Total2025
4.57million

Real GDP growth, %

Since 1995 · lighter bars = IMF projection
-17.80.016.51995: 1.8%1996: 7.4%1997: 7.7%1998: 8.4%1999: 5.2%2000: 4.2%2001: 0.9%2002: 2.5%2003: 5.1%2004: 8.2%2005: 8.3%2006: 9.9%2007: 13.2%2008: 10.2%2009: 1.6%2010: 6.1%2011: 11.9%2012: 9.6%2013: 6.3%2014: 4.6%2015: 5.3%2016: 4.6%2017: 5.7%2018: 3.9%2019: 3.1%2020: -17.8%2021: 16.5%2022: 11.0%2023: 7.2%2024: 2.7%2025: 4.4%2026: 3.8% (IMF projection)2027: 4.5% (IMF projection)2028: 4.5% (IMF projection)2029: 4.8% (IMF projection)2030: 4.5% (IMF projection)2031: 4.5% (IMF projection)IMF projection19952000200520102015202020252030

Inflation, %

Average consumer prices · lighter bars = IMF projection
-1.60.08.81995: 0.9%1996: 1.4%1997: 1.3%1998: 0.6%1999: 1.3%2000: 1.4%2001: 0.3%2002: 0.9%2003: 0.2%2004: 0.5%2005: 2.9%2006: 2.5%2007: 4.2%2008: 8.8%2009: 2.4%2010: 3.5%2011: 5.9%2012: 5.7%2013: 4.0%2014: 2.6%2015: 0.1%2016: 0.7%2017: 0.9%2018: 0.8%2019: -0.4%2020: -1.6%2021: 1.6%2022: 2.9%2023: 1.5%2024: 0.7%2025: 0.0%2026: 1.4% (IMF projection)2027: 2.0% (IMF projection)2028: 2.0% (IMF projection)2029: 2.0% (IMF projection)2030: 2.0% (IMF projection)2031: 2.0% (IMF projection)IMF projection19952000200520102015202020252030

IMF outlook

IMF World Economic Outlook April 2026 · italics = IMF projection
Indicator2021202220232024202520262027202820292030
Real GDP growth %16.511.07.22.74.43.84.54.54.84.5
Inflation, average consumer prices %1.62.91.50.70.01.42.02.02.02.0
Unemployment rate %11.39.97.49.510.410.49.58.67.86.9
GDP, current prices USD bn677684879095101108115123
GDP per capita, current prices USD15,53817,40018,82219,18719,81420,56421,66422,82424,09425,692
GDP per capita, PPP Int. USD30,99036,37239,89941,48543,97146,40548,98251,42254,16757,667
General government gross debt % of GDP58.056.254.457.856.657.757.557.156.355.3
General government net lending/borrowing % of GDP-6.4-4.0-3.9-6.2-3.7-3.4-3.0-2.5-2.0-1.5
Current account balance % of GDP-1.20.0-3.10.70.3-1.5-2.5-2.5-2.5-2.5
Population million4.344.404.454.514.574.624.684.734.794.79

Government debt, % of GDP

General government gross debt
0.062.42000: 58%2001: 62%2002: 61%2003: 60%2004: 62%2005: 62%2006: 56%2007: 48%2008: 41%2009: 40%2010: 38%2011: 36%2012: 31%2013: 31%2014: 33%2015: 34%2016: 34%2017: 34%2018: 36%2019: 42%2020: 62%2021: 58%2022: 56%2023: 54%2024: 58%2025: 57%2026: 58% (IMF projection)2027: 58% (IMF projection)2028: 57% (IMF projection)2029: 56% (IMF projection)2030: 55% (IMF projection)2031: 54% (IMF projection)IMF projection2000200520102015202020252030

Current account, % of GDP

Balance of payments
-13.00.00.72000: -5.8%2001: -1.6%2002: -0.9%2003: -4.2%2004: -6.9%2005: -6.4%2006: -2.5%2007: -5.4%2008: -8.9%2009: -0.8%2010: -10.3%2011: -12.7%2012: -9.0%2013: -8.7%2014: -13.0%2015: -8.7%2016: -7.5%2017: -5.8%2018: -7.9%2019: -5.1%2020: 0.2%2021: -1.2%2022: 0.0%2023: -3.1%2024: 0.7%2025: 0.3%2026: -1.5% (IMF projection)2027: -2.5% (IMF projection)2028: -2.5% (IMF projection)2029: -2.5% (IMF projection)2030: -2.5% (IMF projection)2031: -2.5% (IMF projection)IMF projection2000200520102015202020252030

Economic structure

Value added by sector, % of GDP · World Bank
AgricultureManufacturingOther industryServices
YearStructureAgricultureIndustryManufacturingServices
19956.522.614.266.9
20055.716.97.773.0
20152.926.66.366.7
20252.624.94.870.0

Income, trade and society

World Bank WDI · change over 10 years
IndicatorLatestUnitYear10Y change
GNI per capita, Atlas method19,140USD2025+52.3%
GNI, Atlas method87USD bn2025+75.8%
Exports of goods and services44.4% of GDP2024-10.5 pp
Imports of goods and services39.3% of GDP2024-20.8 pp
Life expectancy at birth79.8years2024+3.1%
Urban population66.2% of total2025+0.6 pp

Sources: IMF World Economic Outlook (April 2026; 2026 onwards are IMF projections) · World Bank World Development Indicators (CC BY 4.0)