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 (2021): United States, China, and Japan
Top 3 Exported Goods (2021): Ores, Fruit & Nuts, and Seafood

Top Industries Source: CIA World Factbook

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

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $173,167,630,551 (2022)
GDP Growth Rate (annual %) 10.809% (2022)
GDP Per Capita, PPP (current international) $39,280 (2022)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 80/197 (2022)

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 %) 2.857% (2022)
External debt stocks, total (DOD, current US$) $108,866,240,275 (2020)
Total tax rate (% of commercial profits) 37.2% (2019)
Real Interest Rate (5 year average %) 4.352% (2022)
Manufacturing, value added (% of GDP) 4.968% (2022)
Current Account Balance (BoP, current US$) ($2,050,666,473) (2021)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 2,148,792 (2022)
Employment in Agriculture (% of total employment) 15.665% (2021)
Employment in Industry (% of total employment) 16.822% (2021)
Employment in Services (% of total employment) 67.513% (2021)
Unemployment Rate 8.789% (2022)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $26,481,419,000 (2021)
Exports of goods and services (current US$) $32,479,296,000 (2021)
Total Merchandise Trade (% of GDP) 60.154% (2022)
FDI, net inflows (BoP, current US$) $2,640,423,253 (2022)
Commercial Service Exports (current US$) $10,581,615,470 (2021)
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