Population: 3.9 million in 20131
GDP: $43 billion in 20132
GDP per capita: $11,037 nominal3 ($19,411 PPP4) in 2013
GDP growth rate: 8.4% in 20135
GDP by Industry 20126
Industry sector | Value added ($ millions) 2012 | Percent of total |
Other activities | 12,283 | 41.2% |
Wholesale, retail trade, restaurants and hotels | 5,914 | 19.8% |
Transport, storage and communication | 5,638 | 18.9% |
Construction | 2,184 | 7.3% |
Manufacturing | 1,529 | 5.1% |
Mining and utilities | 1,180 | 4.0% |
Agriculture, hunting, forestry, fishing | 1,089 | 3.7% |
Total value added | 29,816 | 100% |
Unemployment rate: 4.1% in 20137
Employment by Industry 8
Employment sector | Percent of total |
Services | 64% |
Industry | 19% |
Agriculture | 17% |
Total | 100% |
Top 10 Corporations by Revenue 20139
N/A
Household Wealth: $53 billion (123% of GDP) in 201410
Household Wealth per Adult: $22,397 in 201410
Gini Coefficient: .519 in 201311
Central Government
Central Government Revenue: $10.3 billion (24% of GDP) in 201312
Central Government Expenditure: $11.4 billion (27% of GDP) in 201312
Central Government Budget Balance: -$1.1 billion (-3% of GDP) in 201312
Central Government Public Debt: $18.3 billion (43% of GDP) in Dec 201413
Central Government 10 Year Bond Interest Rate: 4.08% in Sept 201414
Government Funds
Fondo de Ahorro de Panama: $1.4 billion in 201415
Tax Structure
Individual Income Tax Rates and Thresholds in 201316
Corporate Tax Rate: 25% in 201417
Money Supply (M0): N/A
Benchmark Interest Rate: N/A
Total Reserves: $2.0 billion (5% of GDP) in 201318
Exchange Rate: 1 Panamanian Balboa = 1 U.S. Dollar on Feb 6, 201519
Inflation: 4.0% in 201320
Top 10 Financial Institutions by Assets 201321
N/A (data not available at Relbanks.com)
Exports: $18.9 billion (44% of GDP) in 201322
Imports: $26.6 billion (62% of GDP) in 201322
Trade Balance: -$7.7 billion (-18% of GDP) in 201322
Foreign Direct Investment Inflow: $5.1 billion (12% of GDP) in 201323
Foreign Direct Investment Outflow: N/A
Foreign Aid Inflow: $50 million (0.1% of GDP) in 201224
Foreign Aid Outflow: N/A
1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: CIA World Factbook (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: World Bank Indicators (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: Panama Ministerio de Economia y Finanzas, Information, Public Debt (Public debt) Go back
14. Source: Reuters (Government bond yield) Go back
15. Source: ESADE Sovereign Wealth Funds (Government Funds) Go back
16. Source: PKF Tax Guide (Individual tax rates) Go back
17. Source: Tax Foundation (Corporate tax rate) Go back
18. Source: World Bank Indicators (Total reserves) Go back
19. Source: xe.com (Exchange rate) Go back
20. Source: World Bank Indicators (Inflation rate) Go back
21. Source: Relbanks.com (Financial institutions by assets) Go back
22. Source: CIA World Factbook (Trade data) Go back
23. Source: World Bank Indicators (FDI data) Go back
24. Source: World Bank Indicators (Aid data) Go back