Economic Trivia

Panama has prosperous transportation and logistics service sectors that contribute to its economy's high growth.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2015): United States, China, and Mexico
Top 3 Exported Goods (2015): Seafood, Fruit & Nuts, and Wood

Top Industries Source: CIA World Factbook

Construction; Brewing; Cement and Other Construction Materials; Sugar Milling

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $87,195,707,558 (2015)
GDP Growth Rate (annual %) 5.777% (2015)
GDP Per Capita, PPP (current international) $22,192 (2015)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 86/193 (2015)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 0.126% (2015)
External debt stocks, total (DOD, current US$) $19,342,926,000 (2014)
Total tax rate (% of commercial profits) 37.2% (2015)
Real Interest Rate (5 year average %) 7.196% (2015)
Manufacturing, value added (% of GDP) 5.772% (2015)
Current Account Balance (BoP, current US$) ($3,377,100,000) (2015)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 1,837,203 (2014)
Employment in Agriculture (% of total employment) 16.7% (2012)
Employment in Industry (% of total employment) 18.2% (2012)
Employment in Services (% of total employment) 65% (2012)
Unemployment Rate 4.3% (2014)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $30,194,300,000 (2014)
Exports of goods and services (current US$) $26,338,000,000 (2014)
Total Merchandise Trade (% of GDP) 74.404% (2014)
FDI, net inflows (BoP, current US$) $5,760,100,000 (2015)
Commercial Service Exports (current US$) $10,652,700,000 (2014)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Panama’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment


  1. The World Bank