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Companies may face too many options for brand messaging.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Panama economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Panama best banks and safest banks are also available.
Panama is looking to resume healthy growth post-Covid.
National Bank of Panama (Banco Nacional de Panamá)
USD 2.1 billion (2018)
International Monetary Fund (IMF), data retrieved October 2019
Intl$ 106.8 billion (2018, estimate)
2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 |
12.1% | 9.9% | 1.2% | 5.8% | 11.3% | 9.8% | 6.9% |
2014 | 2015 | 2016 | 2017* | 2018* | ||
5.1% | 5.7% | 5% | 5.3% | 3.9% |
*Estimate
1980 | 1990 | 2000 | 2010 | 2018* |
0.05% | 0.04% | 0.05% | 0.06% | 0.08% |
*Estimate
(2016 estimate)
2015 | 2016 | 2017 | 2018* | 2019* |
0.1% |
0.7% | 0.9% | 0.8% | 0% |
*Estimate
2015 | 2016 | 2017 | 2018* | 2019* |
5.1% | 5.5% | 6.1% | 6% | 6.1% |
*Estimate
2015 | 2016 | 2017 | 2018* | 2019* |
37.4% | 37.3% | 37.5% | 39.5% | 41.3% |
*Estimate
2015 | 2016 | 2017 | 2018* | 2019* |
-2.3% | -1.8% | -1.9% | -2% | -3.1% |
*Estimate
Standard & Poor's: BBB+
Moody's: Baa1
Standard & Poor's / Moody's
2016 | 2017 | 2018 |
USD 13.6 billion | USD 15.0 billion | USD 15.6 billion |
-7.8 % (2018 estimate)
42.3% (2017)
0.06% (2018)
0.24% (2018)
Fruit and nuts, fish, iron and steel waste, wood
Fuels, machinery, vehicles, iron and steel rods, pharmaceuticals
US 18.9%, Netherlands 16.6%, China 6.5%, Costa Rica 5.4%, India 5.1%, Vietnam 5% (2017)
US 24.4%, China 9.8%, Mexico 4.9% (2017)
2016 | 2017 | 2018 |
USD 4,866 million | USD 4,569 million | USD 5,549 million |
2016 | 2017 | 2018 |
USD 214 million | USD -62 million | USD 158 million |
2015 | 2016 | 2017 | 2018 |
USD 33.5 million | USD 4.9 million | USD -5.2 million | USD -3.2 million |
N/A
N/A
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking:
86 out of 190 countries
Subcategories:
Starting a Business: 51 out of 190 countries
Dealing with Construction Permits: 100 out of 190 countries
Getting Electricity: 51 out of 190 countries
Registering Property: 87 out of 190 countries
Getting Credit: 25 out of 190 countries
Protecting Minority Investors: 88 out of 190 countries
Paying Taxes: 176 out of 190 countries
Trading across Borders: 59 out of 190 countries
Enforcing Contracts: 141 out of 190 countries
Resolving Insolvency: 113 out of 190 countries
66 out of 141 countries
(2019)
Ranking: 50 / Score: 67.2 (Moderately free)
(100=totally free 0=totally repressed)
Spanish (official), indigenous languages (including Ngabere (or Guaymi), Buglere, Kuna, Embera, Wounaan, Naso (or Teribe), and Bri Bri), Panamanian English Creole (similar to Jamaican English Creole; a mixture of English and Spanish with elements of Ngabe
1990 | 2000 | 2010 | 2015 | 2020* |
2.47 million | 3.04 million | 3.66 million | 3.98 million | 4.28 million |
*Estimate
1960 | 1980 | 2000 | 2018 |
41.2% | 50.4% | 62.2% | 67.7% |
Total population: 95%
Male: 95.7%
Female: 94.4%
Definition: age 15 and over can read and write (2015 est.)
6.3% (last available estimate, 2017)
49.9 (last available estimate, 2017)
(0=perfect equality, 100=absolute inequality)
Free
Political Rights: 1
Civil Liberties: 2 (2019)
(1 represents the most free, 7 the least free rating)
Fixed: 16.1% Mobile: 130.1% (2018)
(fixed-telephone subscribers and mobile-cellular subscribers)