Commercial users: see the World Economic Database from our partners at Anansi Data Analytics

Panama

71 series · 1800–2025 · High income · Latin America & Caribbean

Compare with other countries Country documentation (PDF)

National accounts

VariableCodeCoverageLatest
Nominal GDPMillions of local currencynGDP1946–202590,187 (2025)
Nominal GDP (USD)Millions of US dollarsnGDP_USD1946–202590,187 (2025)
Real GDPMillions of local currencyrGDP1906–202580,683 (2025)
Real GDP per capitaConstant local currency per personrGDP_pc1906–202517,650 (2025)
Real GDP (USD)Millions of US dollarsrGDP_USD1906–202580,340 (2025)
DeflatorIndex, 2015 = 100deflator1946–2025112.3 (2025)
Real GDP per capita (USD)US dollars per personrGDP_pc_USD1906–202517,575 (2025)

Consumption and investment

VariableCodeCoverageLatest
Total consumptionMillions of local currencycons1950–202447,850 (2024)
Total consumption (% of GDP)Percent of GDPcons_GDP1950–202455.5 (2024)
Total consumption (USD)Millions of US dollarscons_USD1950–202447,850 (2024)
Household consumptionMillions of local currencyhcons1950–202437,887 (2024)
Household consumption (% of GDP)Percent of GDPhcons_GDP1950–202443.9 (2024)
Household consumption (USD)Millions of US dollarshcons_USD1950–202437,887 (2024)
Government consumptionMillions of local currencygcons1950–20249,963 (2024)
Government consumption (% of GDP)Percent of GDPgcons_GDP1950–202411.5 (2024)
Government consumption (USD)Millions of US dollarsgcons_USD1950–20249,963 (2024)
Gross capital formationMillions of local currencyinv1946–202537,834 (2025)
Gross capital formation (% of GDP)Percent of GDPinv_GDP1946–202542.0 (2025)
Gross capital formation (USD)Millions of US dollarsinv_USD1946–202537,834 (2025)
Gross fixed capital formationMillions of local currencyfinv1946–202432,436 (2024)
Gross fixed capital formation (% of GDP)Percent of GDPfinv_GDP1946–202437.6 (2024)
Gross fixed capital formation (USD)Millions of US dollarsfinv_USD1946–202432,436 (2024)

External sector

VariableCodeCoverageLatest
ExportsMillions of local currencyexports1906–202435,037 (2024)
Exports (% of GDP)Percent of GDPexports_GDP1946–202440.6 (2024)
Exports (USD)Millions of US dollarsexports_USD1906–202435,037 (2024)
ImportsMillions of local currencyimports1906–202432,744 (2024)
Imports (% of GDP)Percent of GDPimports_GDP1946–202438.0 (2024)
Imports (USD)Millions of US dollarsimports_USD1906–202432,744 (2024)
Current accountMillions of local currencyCA1977–2025-168.5 (2025)
Current account (% of GDP)Percent of GDPCA_GDP1977–2025-0.187 (2025)
USD exchange rateLocal currency per US dollarUSDfx1906–20251.00 (2025)
Real effective exchange rateIndex, 2015 = 100REER1960–202380.2 (2023)
Current account (USD)Millions of US dollarsCA_USD1977–2025-168.5 (2025)

Government finances

VariableCodeCoverageLatest
Government expenditureMillions of local currencygovexp1946–202518,878 (2025)
General government expenditureMillions of local currencygen_govexp1946–202518,878 (2025)
General government expenditure (% of GDP)Percent of GDPgen_govexp_GDP1946–202520.9 (2025)
Central government expenditureMillions of local currencycgovexp1946–202514,520 (2025)
Central government expenditure (% of GDP)Percent of GDPcgovexp_GDP1946–202516.1 (2025)
Government revenueMillions of local currencygovrev1946–202515,567 (2025)
General government revenueMillions of local currencygen_govrev1946–202515,567 (2025)
Central government revenueMillions of local currencycgovrev1946–202511,062 (2025)
General government revenue (% of GDP)Percent of GDPgen_govrev_GDP1946–202517.3 (2025)
Central government revenue (% of GDP)Percent of GDPcgovrev_GDP1946–202512.3 (2025)
Government tax revenueMillions of local currencygovtax2019–20257,238 (2025)
General government tax revenueMillions of local currencygen_govtax2019–20215,533 (2021)
Central government tax revenueMillions of local currencycgovtax2019–20257,238 (2025)
General government tax revenue (% of GDP)Percent of GDPgen_govtax_GDP2019–20218.21 (2021)
Central government tax revenue (% of GDP)Percent of GDPcgovtax_GDP2019–20258.03 (2025)
Government deficit (% of GDP)Percent of GDPgovdef_GDP1946–2025-3.67 (2025)
General government deficit (% of GDP)Percent of GDPgen_govdef_GDP1953–2025-3.67 (2025)
General government deficitMillions of local currencygen_govdef1953–2025-3,311 (2025)
Central government deficit (% of GDP)Percent of GDPcgovdef_GDP1946–2025-5.42 (2025)
Central government deficitMillions of local currencycgovdef1946–2025-4,888 (2025)
Government debt (% of GDP)Percent of GDPgovdebt_GDP1914–202556.6 (2025)
General government debt (% of GDP)Percent of GDPgen_govdebt_GDP1946–202556.6 (2025)
General government debtMillions of local currencygen_govdebt1946–202551,030 (2025)
Central government debt (% of GDP)Percent of GDPcgovdebt_GDP1914–200944.9 (2009)
Central government debtMillions of local currencycgovdebt1946–200912,242 (2009)
Government debtMillions of local currencygovdebt1946–202551,030 (2025)
Government deficitMillions of local currencygovdef1946–2025-3,311 (2025)
Government expenditure (% of GDP)Percent of GDPgovexp_GDP1946–202520.9 (2025)
Government revenue (% of GDP)Percent of GDPgovrev_GDP1946–202517.3 (2025)
Government tax revenue (% of GDP)Percent of GDPgovtax_GDP2019–20258.03 (2025)

Money and interest rates

VariableCodeCoverageLatest
Short-term interest ratePercentstrate2002–20221.60 (2022)
M1Millions of local currencyM11948–20259,736 (2025)
M2Millions of local currencyM21948–202546,817 (2025)
M3Millions of local currencyM32002–202546,817 (2025)

Prices and labor markets

VariableCodeCoverageLatest
Consumer price indexIndex, 2015 = 100CPI1939–2025107.1 (2025)
InflationPercentinfl1940–2025-0.19 (2025)
PopulationMillions of peoplepop1800–20254.57 (2025)
Unemployment ratePercentunemp1970–202510.4 (2025)

Please cite: Müller, K., Xu, C., Lehbib, M., & Chen, Z. (2025). The Global Macro Database: A New International Macroeconomic Dataset. NBER Working Paper 33714. BibTeX →